Medical Imaging Equipment Market accounted for US$ 37.51 billion in 2020 and is estimated to be US$ 62.62 billion by 2030 and is anticipated to register a CAGR of 5.3%. Medical imaging equipment is equipment used for visualization of the interior body parts for clinical analysis and medical intervention as well as visual representation of the function of organs and tissues. Equipments which are used for medical imaging including X-ray radiography, magnetic resonance imaging, medical ultrasonography or ultrasound, endoscopy, elastography, and thermography.
The report “Global Medical Imaging Equipment Market, By Product (X-Ray Devices (Stationary and Portable), Ultrasound Systems (Cart/Trolley Based Ultrasound System and Compact/Portable Ultrasound System), Computed Tomography Scanners (Stationary and Mobile), Magnetic Resonance Imaging Equipment (Closed and Open), and Nuclear Imaging Equipment (SPECT Scanner and PET Scanner)), By Technology (X-Ray Devices (Analog X-ray Technology, Digital Radiography, and Computed Radiography), Ultrasound Systems (2-D, 3-D & 4-D, Doppler, High Intensity Frequency Ultrasound, and Lithotripsy), Computed Tomography Scanners (Stationary and Mobile), and Magnetic Resonance Imaging Equipment (Low-Slice, Medium-Slice, High-Slice, Nuclear Imaging Equipment, SPECT Scanner, and PET Scanner)), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
· In 2020, Siemens Healthineers announced the launch of its new MULTIX Impact C Ceiling-Mounted Digital Radiography System and also announced the launch of MULTIX Impact VA20, a novel version of the established floor-mounted parent DR system. To broaden its horizon for offering high-quality imaging and improving patient experience, the systems are priced moderately.
· In 2021, Royal Philips, a global leader in health technology, announced the acquisition of Capsule Technologies, Inc. and this acquisition of Capsule aligns with the key strategy of Philips focused at revolutionizing the delivery of healthcare along the health continuum with combined solutions.
Analyst View:
Increasing interest amongst the researchers regarding medical imaging equipment and adoption in technological advancements are factors boosting growth of the global medical imaging equipment market. In addition, rising investments in development of medical imaging equipments by the government is expected to fuel growth of the target market over forecast period. However, high cost of medical imaging equipment is limiting growth of the target market.
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Key Market Insights from the report:
Global Medical Imaging Equipment Market accounted for US$ 37.51 billion in 2020 and is estimated to be US$ 62.62 billion by 2030 and is anticipated to register a CAGR of 5.3%. The global medical imaging equipment market has been segmented on the basis of product, technology, and region.
· Based on Product, the Global Pediatric Radiology Market is segmented into the X-Ray Devices (Stationary and Portable), Ultrasound Systems (Cart/Trolley Based Ultrasound System and Compact/Portable Ultrasound System), Computed Tomography Scanners (Stationary and Mobile), Magnetic Resonance Imaging Equipment (Closed and Open), and Nuclear Imaging Equipment (SPECT Scanner and PET Scanner).
· Based on Technology, the Global Pediatric Radiology Market is segmented into X-Ray Devices (Analog X-ray Technology, Digital Radiography, and Computed Radiography), Ultrasound Systems (2-D, 3-D & 4-D, Doppler, High Intensity Frequency Ultrasound, and Lithotripsy), Computed Tomography Scanners (Stationary and Mobile), and Magnetic Resonance Imaging Equipment (Low-Slice, Medium-Slice, High-Slice, Nuclear Imaging Equipment, SPECT Scanner, and PET Scanner).
· By region, the Global Pediatric Radiology Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the target market. This is due to rapidly of well-established healthcare infrastructures in the countries in the region.
Competitive Landscape:
Key players operating in the target market includes Canon Medical Systems Corp., Carestream Health Inc., Esoate SpA., Fujifilm Holding Corp., GE Healthcare Inc., Hitachi Medical Systems Inc., Hologic Corp., Philips Healthcare Inc., Shimadzu Medical Inc., and Siemens Healthcare GmbH.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
