Medical Imaging Market Update 2023: Strong Growth at a CAGR of 5.8% and Revenue to Hit USD 68.8 Billion by 2030
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.
The global Medical Imaging Market report summarizes market developments, competitor analysis, and future market and technological predictions. The report also assists the major market players in increasing their market share and maintaining their competitive position in the sector. It does this by highlighting the global Medical Imaging Market from 2021 to 2030.
Additionally, it offers a qualitative analysis of a range of factors, such as the strategies employed by significant rivals, implicit possibilities, immediate impact on market size, regulatory framework, and economic influence. Significant investments are also included in the market research, on which stakeholders can base their CAGR and relative Medical Imaging Market shares.
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Research Methodology
The research operandi of the global Medical Imaging Market includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and press releases have also been properly examined to bring forth high-value industry insights.
Key Market Segments
By Technology/Modality:
- Computed Tomography (CT) Scanners
- Magnetic Resonance Imaging (MRI) Systems
- X-ray Imaging Systems
- Ultrasound Systems
- Nuclear Imaging Systems (PET, SPECT)
- Mammography Systems
- Fluoroscopy Systems
- Others (Endoscopy, Optical Imaging, etc.)
By Application:
- Cardiology
- Oncology
- Neurology
- Orthopedics
- Gastroenterology
- Gynecology
- Urology
- Pulmonology
- Others (Dentistry, Ophthalmology, etc.)
By End User:
- Hospitals
- Diagnostic Imaging Centers
- Ambulatory Surgical Centers
- Research and Academic Institutes
- Others (Clinics, Emergency Care Centers, etc.)
By Region:
- North America (United States, Canada)
- Europe (United Kingdom, Germany, France, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East and Africa)
By Product/Component:
- Imaging Equipment (Scanners, Systems)
- Imaging Software
- Contrast Agents
- Accessories and Consumables
By Image Type:
- 2D Imaging
- 3D Imaging
- 4D Imaging
- Others (Multislice Imaging, Dynamic Imaging, etc.)
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Regional Growth Dynamics:
North America held the highest share in 2020, accounting for around one-third of the total market share, and is expected to continue its dominance in terms of revenue by 2030. However, Asia-Pacific is estimated to portray the largest CAGR of 6.5% during the forecast period.
Competitive Landscape:
Leading players of the global medical/diagnostic imaging market analyzed in the research include Canon Inc. (Canon Medical Systems USA, Inc.), Esaote SpA, Carestream Health, Inc., Hitachi Ltd. (Hitachi Healthcare America Corporation), General Electric Company (GE Healthcare), Koninklijke Philips N.V., Hologic, Inc., Planmeca OY, Materialise NV, and Siemens AG.
Key Points Covered by the Report-
- What are the fundamental skills, core competencies, and key players in the industry we are examining?
- What are the opportunities for marketing strategies that are developing at a usual rate?
- What are the main competitive factors influencing the industry?
- What marketing tactics are suitable for a particular service or product?
- What geographical areas are covered by the Medical Imaging Market report?
- What share of this market would each of the following regions hold during the forecast period: Asia-Pacific, Europe, North America, and LAMEA?
- How has COVID-19 impacted the Medical Imaging Market?
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