The global medical digital imaging devices market is likely to grow at a 7.1% CAGR between 2019- 2024, reveals the new Market Research Future (MRFR) report. Medical digital imaging devices, simply put, are devices utilized to image the human body for obtaining a correct diagnosis and determining future care. Nuclear imaging, MRI, ultrasound, computed tomography, and x-ray are the different types of medical digital imaging devices.
Various factors are adding to the medical imaging equipment market share. Such factors, as revealed by the latest MRFR report, include an increase in diagnostic imaging centers, growing investments by the government for modernization of imaging facilities, technological advances in imaging systems, and burgeoning demand for these devices owing to rising prevalence and incidence of chronic diseases worldwide.
On the flipside, unfavorable healthcare reforms especially in the United States, technological limitations related to standalone systems, and the high price of diagnostic imaging systems are factors that may limit the medical digital/diagnostic imaging market growth over the forecast period.
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Key Players
Leading players profiled in the global medical digital imaging devices market report include Shimadzu, Hitachi, Hologic, Canon Medical Systems Corporation, Esaote SPA, Siemens Healthineers, GE Healthcare, and Koninklijke Philips N.V.
Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the global medical imaging devices market based on end user, technology, and type.
- By type, the global medical digital imaging devices market is segmented into nuclear imaging, MRI, ultrasound, computed tomography, and x-ray. Of these, the x-ray segment will lead the market over the forecast period.
- By technology, the global medical digital imaging devices market is segmented into 3D/4D, color, B/W, and 2D.
- By end user, the global medical digital imaging devices market is segmented into diagnostic centers, hospitals and clinics, and others.
Regional Analysis
By region, the global medical digital imaging devices market covers the growth opportunities and recent trends across Europe, the Americas, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will dominate the market over the forecast period. Factors propelling the medical digital imaging devices market growth in the region include increasing funds for R&D in the medical devices sector, rising government initiatives, rampant advances in technology, rising geriatric population, and increasing incidence of ophthalmic, neurological, and cardiovascular disorders.
The medical digital imaging devices market in Europe is predicted to hold the second-largest share over the forecast period. Factors propelling the medical digital imaging devices market growth in the region include the flourishing medical device industry, increasing healthcare expenditure, availability of advanced treatment facilities, and rising incidence of chronic disorders, especially neurological disorders and cardiovascular disorders.
The medical digital imaging devices market in the APAC region is predicted to grow at a fast pace over the forecast period for the availability of favorable insurance policies, initiatives by the government to improve healthcare quality, rapid adaptation of healthcare technology, and huge patient pool. Besides, owing to lower clinical trial costs, research key players are setting up their manufacturing plants and regional headquarters in Australia, Korea, Japan, China, and Singapore, which again is boosting the market growth.
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The medical digital imaging devices market in the MEA will have a small share over the forecast period for limited availability & access of treatment facilities and lack of awareness. Saudi Arabia and the UAE are the key contributors in the Middle East for the increasing accessibility of specialty care centers and developing healthcare industry.
Industry News
April 2020: Leading medical imaging company, Nanox has joined hands with Qure.ai to expand their medical imaging services range to improve the affordability and accessibility of early-detection services. It has been specially designed to offer end-to-end medical imaging services such as billing and reporting, connectivity to diagnostic assistive artificial intelligence systems, offline and online diagnostics review & annotation, radiologist matching, and image repository.
