Diagnostic Imaging Market Value Projected to Expand by 2029

The global diagnostic imaging market is anticipated to grow at a significant CAGR of around 6.5% during the forecast period. The increase in the need for early diagnosis for effective treatment, and early detection in several chronic diseases such as cancer are increasing the demand for imaging across the globe, which in turn, driving the global diagnostic imaging market. According to the report of the World Health Organization (WHO) 9.6 million people globally died from cancer in 2018 and in 400,000 children cancer is detected each year. Rapidly growing geriatric population and the subsequent increase in the prevalence of associated diseases, technological advancements in diagnostic imaging industry are further supporting the market growth.

Technology limitations with standalone imaging such as PET has a lower spatial resolution, MRI take longer time to scan large volumes and ultrasound are operator dependent are hampering the market growth. Moreover, emerging economies such as China, India, South Korea, and among others offer high opportunities for market players to expand their business due to presence of huge population base.

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Diagnostic Imaging Market Segmentation

By Product

  • MRI
  • CT-Scan
  • X-Ray
  • SPECT
  • PET
  • Mammography
  • Others

By Application

  • OB/Gyn
  • Cardiology
  • Oncology
  • Others

By End-User

  • Hospitals
  • Imaging Centers
  • Others

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Regional Analysis

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

Company Profiles 

  • Agfa group
  • Allengers Medical Systems Ltd
  • Bruker
  • Carestream Health, Inc.
  • Cubresa Inc.
  • ESAOTE SPA
  • Hitachi, Ltd.
  • Konica Minolta Group
  • MILabs B.V.
  • MIM Software Inc.
  • MR Solutions
  • Neusoft Corp.
  • Northridge Tri-Modality Imaging, Inc
  • Philips International B.V.
  • Planmeca Group
  • Samsung Electronics Co., Ltd.
  • Shenzhen Mindray Bio-Medical Electronics Co.
  • Shimadzu Corp.
  • STRATO AG

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