Rise in need for the point-of-care imaging system, increased demand for enhanced optical images for improved diagnosis of diseases and disorders, and rise in incidence of chronic diseases drive the growth of the global medical/diagnostic imaging market. However, high cost of diagnostic/medical imaging devices and unfavorable reimbursement scenarios restrain the market growth. On the other hand, rise in number of key players that aim to develop innovative technology and increase in R&D activities in imaging technologies present new opportunities in the coming years.
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Alarming rise in prevalence of chronic diseases, surge in number of hospitals, and advancement in imaging technology are expected to notably contribute toward the growth of the global medical/diagnostic imaging market during the forecast period.
The global medical/diagnostic imaging market garnered $38.5 billion in 2020, and is expected to reach $68.8 billion by 2030, witnessing a CAGR of 5.8% from 2021 to 2030.
Impact of Covid-19 on Medical/Diagnostic Imaging Market
- The Covid-19 pandemic made a positive impact on the growth of the medical/diagnostic imaging market as the demand for CT scanners, MRI scanners, and X-ray imaging devices surged considerably to determine the level of infection.
- A huge number of clinics and hospitals across the globe were restructured to cope with rise in demand for scans and provide improved healthcare facilities.
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Key Benefits For Stakeholders
- The study provides an in-depth analysis of the Medical/Diagnostic Imaging Market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers Medical/Diagnostic Imaging Market analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis of four regions is provided to determine the prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global Medical/Diagnostic Imaging Market growth.
Key Market Players
- CANON INC.
- Carestream Health, Inc
- Esaote SpA
- General Electric Company
- Hitachi Ltd
- Hologic, Inc.
- Koninklijke Philips N.V.
- Materialise NV
- planmeca oy
- Siemens AG
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