Medical Imaging Equipment Market By Product Type (X-ray Devices, Ultrasound Systems, Computer Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI) Equipment, Nuclear Imaging Equipment), By Technology (X-ray Technology, Ultrasound Technology, Nuclear Imaging Technology), By Application (Cardiology, Neurology, Orthopedics, Urology, Others), By End User (Hospitals, Specialty Clinics, Diagnostic Imaging Centers) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027
"Medical imaging equipment market to exhibit dynamic growth globally"
The global medical imaging equipment market is increasing competently, projected to grow at a CAGR of 4.9%. Worldwide, increasing diagnostic procedures along with has significantly increased the demand. Inventive product launches in the cardiology, neurology and orthopedics industry, high pool of patients with abundant lifestyle conditions are key factors driving the overall growth of medical imaging equipment market globally. Medical imaging equipment utilizes energy waves to produce 2-D and 3-D images of human organs. However, the new technological assessment in the field of medical imaging equipment market are trending towards manufacturing of cost-effective, minimally invasive, portable and precise equipment.
"X-ray devices expected to register higher growth by the end of 2027"
X-ray devices market was the largest market in base year 2018 due to high adoption rate, market penetration and one of the most matured markets in medical imaging. Stationary/fixed and portable are the major types of X-ray systems; portable X-ray devices are of two types, viz. mobile and handheld, and have high adoption rates due to their usability in ICUs and emergency departments. Patient transfer from the designated unit to the radiology unit involves high risk to the patient’s health along with additional logistic expenses. However, to overcome this problem, the preferences of medical practitioners are rapidly shifting toward application of portable X-ray equipment.
"CT & Nuclear Imaging Technology segment expected to register higher growth by the end of 2027"
The CT scanners and nuclear imaging equipment technology expected to show the highest growth among all market segments during the forecast period. The most important factor driving these technologies is their capability to diagnose large number of diseases effectively in less time. Overall in the coming years various technologically advanced products such as handheld X-ray machines and upright MRI scanners are expected to assist the growth of medical imaging equipment market. Thus, utilization of these advanced medical imaging technologies in various medical institutes, such as hospitals and diagnostic labs, is expected to increase over period of time because these technologies are expected to reduce the installation cost and also provide convenience of use. According to market experts, in the near future advanced medical equipment will be minimally invasive and easy to use. The manufacturers specifically involved in medical diagnostics systems are expected to mainly develop and produce inexpensive, energy-saving, and ergonomic medical equipment that requires minimal maintenance and possesses low potential risk.
"Increasing ageing population, adoption of high-end equipment, and the presence of top manufacturers holds the U.S. in dominant position"
In 2018, the U.S. is the leading market due to an increase in adoption of imaging devices with growing awareness about early diagnosis with enhanced outcomes. Increasing demand for high-end ultrasound, nuclear imaging, X-ray and MRI devices with multiple applications in the hospitals and specialty clinics will drive the market growth on a global scale. The growth of portable devices with demand for the ever-expanding range of medical imaging equipment in the Asia, and Middle East will further spur the demand. Moreover, rising medical tourism in the developing nations for cheaper treatment options will drive market growth.
"Increased research and development with strong product portfolio in the developed regions"
The medical imaging technologies will play vital role in the technological development of medical diagnostics and therapeutics. The significant growth observed in developing countries is expected to the increase the demand for medical imaging equipment in the near future. The major factors assisting the growth of medical imaging equipment market are the portability of equipment, the digitization of readings or measurement values, development of hybrid imaging systems, and the rising adaptation of non-ionizing imaging modalities such as optical and ultrasound systems.
North America is the largest medical imaging equipment market because according to experts several market players have introduced state-of-the-art hand-held portable devices for medical imaging, which has benefitted this market to a large extent. Overall faster adoption of technological innovations compared to other regions boost the market of innovative products in this region.
Key Developments:
- In January 2020, Hitachi Healthcare announced plans to create and develop a brand new R&D center in Twinsburg, Ohio. Presently, sells and supports medical imaging devices, including CT, MRI, and ultrasound. Groups such as BioEnterprise, JobsOhio, and Team NEO have injected more than US$ 50 Mn capital expenditures in Northeast Ohio. Earlier, Hitachi declared its plans to sell its healthcare division to Fujifilm for $1.6 billion.
- In November 2018, Siemens Healthcare declared the launch of Magnetom Lumina 3T MRI scanners and Magnetom Altea 1.5T at the Radiology Society of North America meeting.
- In February 2018, GE Healthcare launched LOGIQ E10 ultrasound system, it is an artificial intelligence based radiology ultrasound system.
Top Manufacturers:
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
- Hologic, Inc.
- Shimadzu Corporation
- Samsung Medison Co. Ltd.
- Hitachi Medical Corporation
- Genesis Medical Imaging, Inc.
- Carestream Health, Inc.
- Fujifilm Holdings Corporation
- Fonar Corporation
- Toshiba America Medical Systems, Inc.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Million |
| Segmentation |
Product Type (2017–2027; US$ Mn) |
|
Technology (2017–2027; US$ Mn) |
|
|
Application (2017–2027; US$ Mn) |
|
|
End User (2017–2027; US$ Mn) |
|
|
Geography (2017–2027; US$ Mn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall Medical Imaging Equipment market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the medical imaging equipment market and valuable opportunities for emerging players?
- Top trends in the medical imaging industry?
- Impact of IoT, AI and other digital platforms along with mobile device penetration?
- Which segment accounts for the fastest CAGR during the forecast period? Why?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the medical imaging equipment market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
1.4.1. Phase I – Secondary Research
1.4.2. Phase II – Primary Research
1.4.3. Phase III – Expert Panel Review
1.4.4. Assumptions
1.5. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Medical Imaging Equipment (MIE) Market Portraiture
2.2. Global Medical Imaging Equipment Market, Market Value & Volume, By Product Type, 2018 (US$ Mn)(‘000 Units)
2.3. Global Medical Imaging Equipment Market, By Technology, 2018 (US$ Mn)
2.4. Global Medical Imaging Equipment Market, By Application, 2018 (US$ Mn)
2.5. Global Medical Imaging Equipment Market, By End User, 2018 (US$ Mn)
2.6. Global Medical Imaging Equipment Market, by Geography, 2018 vs. 2027 (Value %)
Chapter 3. Global Medical Imaging Equipment (MIE) Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Medical Imaging Equipment Market Technologies: Future Trends
3.3. Current Scenario: New Product Launches, Increasing Adoption of IoT, Penetration of Artificial Intelligence/3D-4D Imaging Technologies
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography, 2018
3.7. Competitive Landscape
3.7.1. Competitive Landscape, by Key Players, 2018
3.7.2. Market Share Analysis of Top Players
3.7.3. Present and Future Technology Adoption & Scenario
3.7.4. PESTLE Analysis
3.7.5. Region Wise Value & Volume Analysis
Chapter 4. Global Medical Imaging Equipment (MIE) Market, by Product Type, 2017 – 2027 (US$ Mn)
4.1. Overview
4.2. X-ray Devices
4.2.1. Stationary X-Ray Devices
4.2.2. Portable X-Ray Devices
4.3. Ultrasound Systems
4.3.1. Cart/Trolley Based Ultrasound Systems
4.3.2. Compact/Portable Ultrasound Systems
4.4. Computer Tomography (CT) Scanners
4.4.1. Stationary CT Scanners
4.4.2. Portable CT Scanners
4.5. Magnetic Resonance Imaging (MRI) Equipment
4.5.1. Closed MRI Equipment
4.5.2. Open MRI Equipment
4.6. Nuclear Imaging Equipment
4.6.1. Single Photon Emission Computed Tomography (SPECT) Scanners
4.6.2. Positron Emission Tomography (PET) Scanners
Chapter 5. Global Medical Imaging Equipment (MIE) Market, by Technology, 2017 – 2027 (US$ Mn)
5.1. Overview
5.2. X-ray Technology
5.2.1. Analog X-ray Technology
5.2.2. Digital Radiography (DR)
5.2.3. Computed Radiography (CR)
5.3. Ultrasound Technology
5.3.1. 2-D Ultrasound Imaging Technology
5.3.2. 3-D & 4-D Ultrasound Imaging Technology
5.3.3. Doppler Ultrasound Technology
5.3.4. HIFU
5.3.5. Lithotripsy
5.4. Computer Tomography (CT) Technology
5.4.1. Low-Slice CT Scanners (
5.4.2. Medium-Slice CT Scanners (64 Slices)
5.4.3. High-Slice Scanners (>64 Slices)
5.5. Magnetic Resonance Imaging (MRI) Technology
5.5.1. High-Field MRI
5.5.2. Mid-Field MRI
5.5.3. Low-Field MRI
5.6. Nuclear Imaging Technology
5.6.1. Single Photon Emission Computed Tomography (SPECT)
5.6.2. Positron Emission Tomography (PET)
Chapter 6. Global Medical Imaging Equipment (MIE) Market, By Application, 2017 – 2027 (US$)
6.1. Overview
6.2. Cardiology
6.3. Neurology
6.4. Orthopedics
6.5. Gynecology
6.6. Oncology
6.7. Urology
6.8. Others
Chapter 7. Global Medical Imaging Equipment (MIE) Market, by End User, 2017 – 2027 (US$)
7.1. Overview
7.2. Hospitals
7.3. Specialty Clinics
7.4. Diagnostic Imaging Centers
7.5. Ambulatory Surgical Centers
7.6. Others
Chapter 8. Global Medical Imaging Equipment (MIE) Market, by Geography, 2017 – 2027 (US$ Mn)
8.1. Overview
8.2. North America Medical Imaging Equipment (MIE) Market Analysis, 2017 – 2027
8.2.1. North America MIE Market, By Product Type, 2017 – 2027 (US$ Mn)
8.2.2. North America MIE Market, By Technology, 2017 – 2027 (US$ Mn)
8.2.3. North America MIE Market, By Application, 2017 – 2027 (US$ Mn)
8.2.4. North America MIE Market, By End User, 2017 – 2027 (US$ Mn)
8.2.5. North America MIE Market, by Region/Country, 2017 – 2027 (US$ Mn)
8.2.5.1. U.S.
8.2.5.2. Canada
8.3. Europe Medical Imaging Equipment Market Analysis, 2017 – 2027
8.3.1. Europe MIE Market, By Product Type, 2017 – 2027 (US$ Mn)
8.3.2. Europe MIE Market, By Technology, 2017 – 2027 (US$ Mn)
8.3.3. Europe MIE Market, By Application, 2017 – 2027 (US$ Mn)
8.3.4. Europe MIE Market, By End User, 2017 – 2027 (US$ Mn)
8.3.5. Europe MIE Market, by Region/Country, 2017 – 2027 (US$ Mn)
8.3.5.1. U.K.
8.3.5.2. Germany
8.3.5.3. France
8.3.5.4. Italy
8.3.5.5. Spain
8.3.5.6. Rest of Europe
8.4. Asia Pacific Medical Imaging Equipment Market Analysis, 2017 – 2027
8.4.1. Asia Pacific MIE Market, By Product Type, 2017 – 2027 (US$ Mn)
8.4.2. Asia Pacific MIE Market, By Technology, 2017 – 2027 (US$ Mn)
8.4.3. Asia Pacific MIE Market, By Application, 2017 – 2027 (US$ Mn)
8.4.4. Asia Pacific MIE Market, By End User, 2017 – 2027 (US$ Mn)
8.4.5. Asia Pacific MIE Market, by Region/Country, 2017 – 2027 (US$ Mn)
8.4.5.1. Japan
8.4.5.2. China
8.4.5.3. India
8.4.5.4. Australia
8.4.5.5. Rest of APAC
8.5. Latin America Medical Imaging Equipment Market Analysis, 2017 – 2027
8.5.1. Latin America MIE Market, By Product Type, 2017 – 2027 (US$ Mn)
8.5.2. Latin America MIE Market, By Technology, 2017 – 2027 (US$ Mn)
8.5.3. Latin America MIE Market, By Application, 2017 – 2027 (US$ Mn)
8.5.4. Latin America MIE Market, By End User, 2017 – 2027 (US$ Mn)
8.5.5. Latin America MIE Market, by Region/Country, 2017 – 2027 (US$ Mn)
8.5.5.1. Brazil
8.5.5.2. Mexico
8.5.5.3. Argentina
8.5.5.4. Rest of Latin America
8.6. Middle East & Africa (MEA) Medical Imaging Equipment Market Analysis, 2017 – 2027
8.6.1. Middle East & Africa MIE Market, By Product Type, 2017 – 2027 (US$ Mn)
8.6.2. Middle East & Africa MIE Market, By Technology, 2017 – 2027 (US$ Mn)
8.6.3. Middle East & Africa MIE Market, By Application, 2017 – 2027 (US$ Mn)
8.6.4. Middle East & Africa MIE Market, By End User, 2017 – 2027 (US$ Mn)
8.6.5. Middle East & Africa MIE Market, by Region/Country, 2017 – 2027 (US$ Mn)
8.6.5.1. GCC
8.6.5.2. Rest of MEA
Chapter 9. Company Profiles
9.1. GE Healthcare
9.1.1. Business Description
9.1.2. Financial Information (Subject to data availability)
9.1.3. Product Portfolio
9.1.4. Key Developments
9.2. Philips Healthcare
9.3. Siemens Healthcare
9.4. Hologic, Inc.
9.5. Shimadzu Corporation
9.6. Samsung Medison Co. Ltd.
9.7. Hitachi Medical Corporation
9.8. Genesis Medical Imaging, Inc.
9.9. Carestream Health, Inc.
9.10. Fujifilm Holdings Corporation
9.11. Fonar Corporation
9.12. Toshiba America Medical Systems, Inc.
9.13. Others
* MIE - Medical Imaging Equipment
TABLE 1 Market Snapshot: Global Medical Imaging Equipment Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global MIE Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 5 Global MIE Market, by Application, 2017–2027 (US$ Mn)
TABLE 6 Global MIE Market, by Geography, 2017–2027 (US$ Mn)
TABLE 7 North America Medical Imaging Equipment Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 8 North America MIE Market, by Application, 2017–2027 (US$ Mn)
TABLE 9 North America MIE Market, by Country, 2017–2027 (US$ Mn)
TABLE 10 Europe Medical Imaging Equipment Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 11 Europe MIE Market, by Application, 2017–2027 (US$ Mn)
TABLE 12 Europe MIE Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 13 Asia Pacific Medical Imaging Equipment Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific MIE Market, by Application, 2017–2027 (US$ Mn)
TABLE 15 Asia Pacific MIE Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 16 Rest of the World Medical Imaging Equipment Market, by Product Type, 2017–2027 (US$ Mn)
TABLE 17 Rest of the World MIE Market, by Application, 2017–2027 (US$ Mn)
TABLE 18 Rest of the World MIE Market, by Region, 2017–2027 (US$ Mn)
TABLE 19 GE Healthcare.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 Philips Healthcare.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Siemens Healthcare.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Hologic, Inc..: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Shimadzu Corporation.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Samsung Medison Co. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Hitachi Medical Corporation.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Genesis Medical Imaging, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Carestream Health, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Fujifilm Holdings Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Fonar Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Toshiba America Medical Systems, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
FIG. 1 Global Medical Imaging Equipment Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global MIE Market Segmentation
FIG. 4 Global MIE Market, by Product Type, 2018 (US$ Mn)
FIG. 5 Global MIE Market, by Application, 2018 (US$ Mn)
FIG. 6 Global MIE Market, by Geography, 2018 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key Medical Imaging Equipment Market Manufacturers, 2018
FIG. 9 Global Medical Imaging Equipment Market, By Product Type, Value & Volume, 2017–2027 (US$ Mn)
FIG. 10 Global X-ray Devices Market, 2017–2027 (US$ Mn)
FIG. 11 Global Ultrasound Systems Market, 2017–2027 (US$ Mn
FIG. 12 Global Computer Tomography (CT) Scanners Market, 2017–2027 (US$ Mn)
FIG. 13 Global Magnetic Resonance Imaging (MRI) Equipment Market, 2017–2027 (US$ Mn)
FIG. 14 Global Nuclear Imaging Equipment Market, 2017–2027 (US$ Mn)
FIG. 15 Global Medical Imaging Equipment Market, By Technology, Value, 2017–2027 (US$ Mn)
FIG. 16 Global X-ray Technology Market, By Technology, 2017–2027 (US$ Mn)
FIG. 17 Global Ultrasound Technology Market, By Technology, 2017–2027 (US$ Mn)
FIG. 18 Global Computer Tomography (CT) Technology Market, By Technology, 2017–2027 (US$ Mn)
FIG. 19 Global Magnetic Resonance Imaging (MRI) Technology Market, By Technology, 2017–2027 (US$ Mn)
FIG. 20 Global Nuclear Imaging Technology Market, By Technology, 2017–2027 (US$ Mn)
FIG. 21 Global Medical Imaging Equipment Market, by Application 2017–2027 (US$ Mn)
FIG. 22 Global Cardiology Market for MIE, By Application, Value, 2017–2027 (US$ Mn)
FIG. 23 Global Neurology Market, By Application, 2017–2027 (US$ Mn)
FIG. 24 Global Orthopedics Market, By Application, 2017–2027 (US$ Mn)
FIG. 25 Global Gynecology Market, By Application, 2017–2027 (US$ Mn)
FIG. 26 Global Oncology Market, By Application, 2017–2027 (US$ Mn)
FIG. 27 Global Urology Market, By Application, 2017–2027 (US$ Mn)
FIG. 28 Global Medical Imaging Equipment Market, by End user, 2017–2027 (US$ Mn)
FIG. 29 Global Hospitals Market for MIE, By Application, Value, 2017–2027 (US$ Mn)
FIG. 30 Global Specialty Clinics Market, By Application, 2017–2027 (US$ Mn)
FIG. 31 Global Diagnostic Imaging Centers Market, By Application, 2017–2027 (US$ Mn)
FIG. 32 Global Ambulatory Surgical Centers Market, By Application, 2017–2027 (US$ Mn)
FIG. 33 Global Others Market, By Application, 2017–2027 (US$ Mn)
FIG. 34 U.S. MIE Market, 2017–2027 (US$ Mn)
FIG. 35 Canada MIE Market, 2017–2027 (US$ Mn)
FIG. 36 U.K. MIE Market, 2017–2027 (US$ Mn)
FIG. 37 Germany MIE Market, 2017–2027 (US$ Mn)
FIG. 38 France MIE Market, 2017–2027 (US$ Mn)
FIG. 39 Italy MIE Market, 2017–2027 (US$ Mn)
FIG. 40 Rest of Europe MIE Market, 2017–2027 (US$ Mn)
FIG. 41 Japan MIE Market, 2017–2027 (US$ Mn)
FIG. 42 China MIE Market, 2017–2027 (US$ Mn)
FIG. 43 Italy MIE Market, 2017–2027 (US$ Mn)
FIG. 44 Rest of Asia Pacific MIE Market, 2017–2027 (US$ Mn)
FIG. 45 Brazil MIE Market, 2017–2027 (US$ Mn)
FIG. 46 Mexico MIE Market, 2017–2027 (US$ Mn)
FIG. 47 Italy MIE Market, 2017–2027 (US$ Mn)
FIG. 48 Rest of Latin America MIE Market, 2017–2027 (US$ Mn)
FIG. 49 GCC MIE Market, 2017–2027 (US$ Mn)
FIG. 50 Rest of Middle East & Africa MIE Market, 2017–2027 (US$ Mn)
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