Medical Imaging Market | Leading Segments, Trends, Drivers and Challenges

Canon Inc., FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Koninklijke Philips NV, Samsung Electronics Co. Ltd., and Siemens Healthineers AG are some of the key market vendors.

The medical imaging market is expected to grow by $ 13.49 billion, accelerating at a CAGR of almost 6.71% during the forecast period. Technavio’s research report offers a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights into factors that are likely to have a negative impact on market growth. This comprehensive analysis of the market will thus, enable clients to identify areas of growth and steer clear of the low-performing segments.


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Medical Imaging Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • Market is segmented by Product (X-ray imaging, Ultrasound imaging, MRI, CT scanner imaging, and SPECT/PET imaging) and Geography (North America, Europe, Asia, and ROW).
  • Growth by the x-ray imaging product segment will be significant during the forecast period. However, the demand for X-ray systems is likely to grow at a moderate rate during the forecast period, owing to technological advances and increased adoption of portable and mobile X-ray systems. The new generation of mobile X-ray units offers more advantages in terms of efficiency and cost savings than standalone X-ray systems. Wireless mobile X-ray systems offer flexibility to healthcare facilities, enabling them to share medical images between mobile systems or between fixed-room and mobile systems. Vendors are investing in the development of innovative mobile and portable X-ray systems.
  • 38% of the market growth will originate from North America with the US being the key market. Several factors such as the rising prevalence of chronic diseases, technological advances, new product launches, growing number of awareness programs regarding the early diagnosis of diseases, and the high healthcare spending by people will facilitate market growth in this region. 
  • This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Medical Imaging Market size.

Medical Imaging Market| Growth Forecast and Market Trends  2021-2025

Medical Imaging Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Increasing prevalence of chronic conditions such as cancer, cardiovascular diseases, and neurological diseases, will be a significant factor in driving the growth of the Medical Imaging Market as medical imaging helps to diagnose severe and chronic conditions. The high incidence of cancer is increasing the demand for cancer screening and diagnoses, which will boost market growth.
  • Increasing number of product launches by prominent vendors will be instrumental in driving market growth during the forecast period.
  • High costs associated with medical imaging is a hurdle that needs to be crossed on the path to success. However, emergent need, innovative products and smart business models will help to mitigate this issue.

Medical Imaging Market: Vendor Analysis

  • The market is fragmented.
  • Canon Inc., Carestream Dental LLC, FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Hologic Inc., Koninklijke Philips NV, Samsung Electronics Co. Ltd., Shimadzu Corp., and Siemens Healthineers AG are some of the major market participants.
  • The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.

Key Areas Covered in our Report:

  • Medical Imaging Market Split by Product
    • X-ray imaging
    • Ultrasound imaging
    • MRI
    • CT scanner imaging
    • SPECT/PET imaging
  • Medical Imaging Market Split by Geography
    • North America
    • Europe
    • Asia
    • ROW

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Canon Inc.
  • Carestream Dental LLC
  • FUJIFILM Holdings Corp.
  • General Electric Co.
  • Hitachi Ltd.
  • Hologic Inc.
  • Koninklijke Philips NV
  • Samsung Electronics Co. Ltd.
  • Shimadzu Corp.
  • Siemens Healthineers AG

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of over 6.71%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 13.49 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    increasing prevalence of chronic conditions will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    38% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Canon Inc., Carestream Dental LLC, FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Hologic Inc., Koninklijke Philips NV, Samsung Electronics Co. Ltd., Shimadzu Corp., and Siemens Healthineers AG

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (X-ray imaging, Ultrasound imaging, MRI, CT scanner imaging, and SPECT/PET imaging) and Geography (North America, Europe, Asia, and ROW)

Medical Imaging Market: Top Geographies and Market Highlights

Geographical Analysis and Market Highlights 2021-2025

The medical imaging market will grow by $ 13.49 bn, fragmented at a CAGR of over 6.71% over the next five years. Our research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.


For a glimpse into our research analysis and insights: Request for our Free Sample Report


Medical Imaging Market: North America to lead market growth during the forecast period

  • 38% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Medical Imaging Market size.
  • One of the key drivers that is likely to drive market growth is the increasing prevalence of chronic conditions. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market.  These insights will equip clients with all the information they need to plan COVID-19 recovery and growth strategies.
  • The medical imaging market is segmented by Product (X-ray imaging, Ultrasound imaging, MRI, CT scanner imaging, and SPECT/PET imaging) and Geography (North America, Europe, Asia, and ROW). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Medical Imaging Market| Growth Forecast and Market Trends  2021-2025

Medical Imaging Market: Key Competitors

Some of the leading vendors in this market are Canon Inc., Carestream Dental LLC, FUJIFILM Holdings Corp., General Electric Co., Hitachi Ltd., Hologic Inc., Koninklijke Philips NV, Samsung Electronics Co. Ltd., Shimadzu Corp., and Siemens Healthineers AG. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. For more insights on this market: Download a Free Sample Report

Medical Imaging Market: Key Drivers and Segmentation

Growth Drivers and Market Forecast for 2021-2025

The Global Medical Imaging Market is projected to grow by $ 13.49 bn, accelerating at a CAGR of over 6.71% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.


Request for our free sample report to get a glimpse into our exhaustive research and analysis: Download FREE Sample Report


Medical Imaging Market: Top Drivers for Growth

One of the key factors that will drive growth is increasing prevalence of chronic conditions. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.

Medical Imaging Market| Growth Forecast and Market Trends  2021-2025

Medical Imaging Market: Segment List

This report provides a detailed analysis of the market by Product (X-ray imaging, Ultrasound imaging, MRI, CT scanner imaging, and SPECT/PET imaging) and Geography (North America, Europe, Asia, and ROW). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report 

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report

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