Market Scenario
The Global Medical Digital Imaging Devices Market is expected to grow significantly over the forecast period. The market held a market value of USD 12.9 billion in 2017 and is projected to register a CAGR of 7.1% over the forecast period. Medical digital imaging devices are devices used to image the body to obtain a correct diagnosis and determine future care. The growing demand for medical digital imaging devices is due to factors such as increasing incidence and prevalence of chronic diseases across the globe, technological advancements in the imaging systems, growing government investments for modernization of imaging facilities, and the rising number of diagnostic imaging centers are driving the market growth of diagnostic imaging. However, the high cost of diagnostic imaging systems, technological limitations associated with standalone systems, and unfavorable healthcare reforms in the US are the key factors limiting the growth of the market.
Top Company Profiles
- Koninklijke Philips N.V.
- GE Healthcare
- Siemens Healthineers
- Esaote SPA
- Canon Medical Systems Corporation
- Hologic
- Hitachi
- Shimadzu
Medical Digital Imaging Devices Market -Segmentationa
Global Medical Digital Imaging Devices Market, by Type
- X-ray
- Computed Tomography
- Ultrasound
- MRI
- Nuclear Imaging
Global Medical Digital Imaging Devices Market, by Technology
- 2D
- B/W
- Color
- 3D/4D
Global Medical Digital Imaging Devices Market, by End User
- Hospitals & Clinics
- Diagnostic Center
- Others
Regional Analysis
On a regional basis, the Americas is anticipated to dominate the global medical digital imaging devices market owing to the owing to increasing geriatric population, high prevalence of various chronic diseases, and a large number of diagnostic imaging centers. Additionally, fast adoption of technologically advanced imaging systems and increasing awareness of the benefits of early diagnosis of diseases is driving the growth of the market.
Europe accounts for the second largest market and holds a healthy share in the global medical digital imaging devices market due to major driving factors like availability of advanced treatment facilities, increasing healthcare expenditure, and flourishing medical device industry due to the presence of major market players.
Asia-Pacific is expected to be the fastest growing market, owing to the huge patient pool, a faster adaptation of healthcare technology, government initiatives to increase the healthcare quality, and availability of favorable insurance policies.
The Middle East & Africa is expected to show the least growth in the market due to some major factors such as lack of awareness, limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates and Saudi Arabia is the largest market share owing to the development of the healthcare industry and the rising availability of specialty care centers.
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