Medical Imaging Market Overview Medical imaging refers to techniques and processes used to create images of various parts of the human body for diagnostic and treatment purposes within digital health. The global Medical Imaging market is expected to grow at a sound pace in the times to follow on account of advancements in the field of medicine and healthcare. Medical imaging is one such imaging technology that has played an important role in enhancing the performance of the medical and healthcare industries.
In the past few years, the medical imaging market has seen several changes and saves millions of lives every year across the world. It broadly helps healthcare specialties to diagnose an extensive range of health disorders from heart disease to stroke and from appendicitis to cancer. Furthermore, the market always focuses to bring novel innovations to patients and physicians. Technological developments in diagnostic imaging systems along with their large demand to improve patient outcomes are expected to boost the growth of the global Medical Imaging market.
Moreover, key participants operating in the market are shifting their focus towards value-based radiology and patient-centric imaging. Different innovations have been made in several imaging modalities including MRI, ultrasound, mammography, 3D imaging as well as nuclear imaging among others. In addition, Other noteworthy factors such as increasing incidences of chronic diseases coupled with the rapidly aging population, growth in several medical imaging procedures, and growing awareness for early diagnosis of clinical disorders are expected to contribute more to the development of the global Medical Imaging market in the forthcoming years.
On the downside, high costs associated with medical imaging devices may hamper the growth of the market to a certain extend.
Covid-19 Impact on Medical Imaging Market In addition, the current Medical Imaging Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Medical Imaging Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Medical Imaging Market Segment Overview Based on Product, the Nuclear Imaging segment accounted for largest share of the Medical Imaging market in 2020. Nuclear medicine imaging is a method of producing images by detecting radiation from different parts of the body after a radioactive tracer is given to the patient. The images are digitally generated on a computer and transferred to a nuclear medicine physician, who interprets the images to make a diagnosis. These scans are mainly helpful for diagnosing cancer, gall bladder disease, and thyroid disease as well as heart conditions.
The Hospital end-user segment is projected to show considerable growth in the market over the forecast period. Higher demand for medical imaging modalities such as MRI systems and CT scanners in hospitals for precise diagnosis during the procedure will boost the segment’s growth. Additionally, hospitals are well-equipped with medical imaging devices along with presence of skilled healthcare professionals to accurately treat and diagnose patient’s body parts.
Medical Imaging Market, By Product
- X-ray Devices
- Digital
- Direct Radiography Systems
- Computed Radiography Systems
- Analog
- Magnetic Resonance Imaging (MRI)
- Ultrasound
- 2D Ultrasound
- 3D Ultrasound
- Others
- Computed Tomography
- Nuclear Imaging
- Mammography
Medical Imaging Market, By End-User
· Hospitals
· Diagnostic Imaging Centers
· Ambulatory Imaging Centers
· Others
Medical Imaging Market Regional OverviewGeographically, North America dominated the Medical Imaging market in 2020. The presence of a large number of key industry players and the high rate of new product launches within the region are the factors contributing to the growth of the market. Additionally, the high adoption of advanced, high-priced medical imaging modalities because of the favorable reimbursement scenario and high patient awareness further support the market development in this region. Similarly, Asia Pacific diagnostic imaging market is projected to grow at the fastest rate in the forecast period due to the increasing incidences of chronic diseases and the high demand for advanced imaging devices. In addition, Japan is the major market for medical imaging in the Asia Pacific.
Medical Imaging Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Medical Imaging Market Competitor overviewSome key developments and strategies adopted by manufacturers in Medical Imaging are highlighted below.
· In August 2021, Nanox, the innovative medical imaging company, announced the acquisition of Zebra Medical Vision, the deep-learning medical imaging analytics company. As a result of the acquisition, the medical imaging pioneers will leverage Zebra-Med’s industry-leading team, cutting-edge AI technology and cloud capabilities, and unprecedented regulatory framework to form the next-generation medtech juggernaut.
· In April 2021, In partnership with Ziehm Imaging, Carestream Health is pleased to announce the addition of a mobile C-arm into its growing innovative product portfolio. Known as the Ziehm Vision RFD C-arm, this surgical imaging system will further enhance Carestream’s mobile and fluoroscopic product offerings to benefit even more healthcare providers. The system will be available in the U.S. and Canada in 2021.
· In June 2021, Canon Medical System Corporation announced the launch of updated Aplio i-series for ultrasound series. Redesigned ultrasound technology may boost the firm’s medical imaging product sales.
Medical Imaging Market, Key Players· Philips Healthcare
· Mindray Medical International Limited
· Hitachi Medical Corporation
· Canon Medical System Corporation
· Carestream Health
· Esaote
· Fujifilm
· GE Healthcare
· Hologic
· Konica Minolta
· Koninklijke Philips
· Samsung Medison
· Siemens Healthineers
List of Figures
Figure 1: Global Medical Imaging Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Medical Imaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Medical Imaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Medical Imaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Medical Imaging Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Medical Imaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Medical Imaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Medical Imaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Medical Imaging Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Medical Imaging Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Medical Imaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Medical Imaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Medical Imaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Medical Imaging Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Medical Imaging Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Medical Imaging Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Medical Imaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Medical Imaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Medical Imaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Medical Imaging Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Medical Imaging Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Medical Imaging Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Medical Imaging Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Medical Imaging Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Medical Imaging Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Medical Imaging Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Medical Imaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Medical Imaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Medical Imaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Medical Imaging Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Medical Imaging Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Medical Imaging Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Medical Imaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Medical Imaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Medical Imaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Medical Imaging Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Medical Imaging Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Medical Imaging Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Medical Imaging Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Medical Imaging Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Medical Imaging Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Medical Imaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Medical Imaging Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
