Medical Imaging Market by Product Type (X-ray Devices {Digital [Direct Radiography Systems, Computed Radiography Systems], Analog}, Magnetic Resonance Imaging (MRI), Ultrasound, {2D Ultrasound, 3D Ultrasound}, Computed Tomography, Nuclear Imaging, Mammography), Application (Obstetrics and Gynecology Health, Orthopedics and Musculoskeletal, Neuro and Spine, Cardiovascular and Thoracic, General Imaging, Breast Health, Others), End-use (Hospitals, Diagnostic Centers), and Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global trends and forecast from 2022 to 2029

Published on: Jul 2022
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Market Size	CAGR	Dominating Region
USD 62.42 billion	5.85%	North America

By Product Type	By Application	By End User
Computed Tomography Nuclear Imaging Mammography X-Ray Devices Digital Direct Radiography Systems Computed Radiography Systems Analog Magnetic Resonance Imaging Ultrasound 2D 3D	Obstetrics And Gynecology Health Orthopedics And Musculoskeletal Neuro And Spine Cardiovascular And Thoracic General Imaging Breast Health Others	Hospitals Diagnostic Centers

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Medical Imaging Market Overview

The global medical imaging market is expected to grow at a 5.85% CAGR from 2022 to 2029. It is expected to reach above 62.42 USD billion by 2029 from 38.50 USD billion in 2022.

Medical imaging, commonly known as radiology, is a branch of medicine that involves the creation of pictures of various parts of the human body by medical experts for diagnostic, monitoring, or treatment reasons. Non-invasive techniques in medical imaging allow doctors to identify injuries and illnesses without becoming intrusive. This approach is most important in improving people’s health throughout the world since it may aid in the early identification of some internal disorders and the provision of appropriate therapy for a specific condition. It is also possible to look at what has previously been identified and treated. Medical imaging technology is employed at many stages of the patient care process, including screening, diagnosis, therapy administration, staging, and medical follow-up.

Furthermore, the primary reasons driving the rise of the worldwide medical imaging market share are the increased need for point-of-care imaging systems and the spike in demand for improved optical pictures for better illness and condition diagnosis. Even the market is being driven primarily by increasing demand for early disease diagnosis and a broadening scope of clinical applications, a rapidly growing geriatric population and the resulting increase in the prevalence of associated diseases, and increased investments, funds, and grants from public-private organizations. The rise in the prevalence of chronic illnesses, as well as advancements in medical imaging technology, are likely to fuel the expansion of the medical imaging market. Ongoing improvements in medical imaging will open up a load of new opportunities for growth.

ATTRIBUTE	DETAILS
Study period	2022-2029
Base year	2021
Estimated year	2022
Forecasted year	2022-2029
Historical period	2018-2022
Unit	Value (USD Million)
Segmentation	By Product Type, By Application, By End User, By Region
By Product Type	Computed Tomography Nuclear Imaging Mammography X-Ray Devices Digital Direct Radiography Systems Computed Radiography Systems Analog Magnetic Resonance Imaging Ultrasound 2D 3D
By Application	Obstetrics And Gynecology Health Orthopedics And Musculoskeletal Neuro And Spine Cardiovascular And Thoracic General Imaging Breast Health Others
By End User	Hospitals Diagnostic Centers
By Region	North America Europe Asia Pacific South America MEA

However, higher prices connected with medical imaging technologies as well as frequent product recalls in the imaging equipment, may, to some extent, hinder industry expansion. Even the shortage of professionals like radiologists has limited the growth of the medical imaging market. The hospitals have started cutting their budget costs which is like a challenge for the medical devices to be preferred in huge demand.

The COVID-19 pandemic spread throughout the world and disrupted the supply chain globally. Due to the lockdown, the production process of the automotive industry was halted rather than closed and that resulted in a significant impact on the medical imaging market. As the world markets have opened-up, they are focusing on having less carbon emissions and fuel efficiency and this is expected to gain potential growth in the medical imaging market. Advanced medical imaging technologies, such as chest X-rays and computed tomography, give useful data on COVID-19, driving up demand.

Medical Imaging Market | Exactitude Consultancy

Medical Imaging Market Segment Analysis

The global medical imaging market is segmented by product type, application, end user, and region.

Based on product type segment, the medical imaging market includes CT Scanners, X ray Imaging Systems, MRI Systems, Ultrasound Imaging Systems, Nuclear Imaging Systems, Mammography Systems. The CT scanners category accounts for the majority of the global diagnostic imaging market. The strong growth of this product sector may be attributed to the increasing need for early and accurate diagnosis, as well as the widespread use of CT Scanners by hospitals and diagnostic centers worldwide. Since the beginning of the COVID-19 epidemic, there has been a continuous increase in demand for CT scanners, for illness treatment, thus supporting the CT scanners industry. A strong emphasis on the development of portable ultrasound equipment is predicted to broaden the applicability of this modality in both ambulatory and emergency treatment. Also rising popularity of nuclear imaging will accelerate market growth.

The medical imaging market can be classified based on the application, that is, Obstetrics and Gynecology Health, Orthopedics and Musculoskeletal, Neuro and Spine, Cardiovascular and Thoracic, General Imaging, Breast Health, Others. The cardiovascular and thoracic sector held the largest market share, and this trend is likely to continue during the forecast period due to an increase in the incidence of cardiovascular disease, an increase in the elderly population, and an increase in sedentary lifestyle. However, the breast health sector is likely to develop significantly as there is an increase in the frequency of breast cancer and an increase in demand for early detection. Even oncology imaging is increasing due to increasing incidence of cancer across the globe, along with rising emphasis on early detection and diagnosis of cancer.

Based on the end user segment, the medical imaging market includes Hospitals, Diagnostic Centers. The hospital’s end-use segment is expected to rise at a significant rate in the market. Increased demand in hospital settings for medical imaging modalities such as MRI systems and CT scanners for precise diagnosis during procedures will accelerate market growth. Furthermore, hospitals are well-equipped with medical imaging technology and competent healthcare personnel to correctly treat and diagnose patient body parts.

Medical Imaging Market Players

The global medical imaging market key players include Canon Medical System Corporation, Carestream Health, Esaote, Fujifilm, GE Healthcare, Hitachi Ltd, Hologic, Konica Minolta, Koninklijke Philips, Samsung Medison, and Siemens Healthineers among others.

Various businesses are focusing on organic growth tactics such as new launches, product approvals, and other things like patents and events. Mergers & Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the market. These initiatives such as development and expansion have paved the road for market participants to expand their business. These market players in the medical imaging market are expected to benefit from attractive growth prospects in the future.

Who Should Buy? Or Key stakeholders

Government and research organization
Investors
Trade Associations
Scientific research organization
Hospitals
Healthcare Industry
Physiotherapy
IT sector
Diagnostic centers and labs

Medical Imaging Market Regional Analysis

The medical imaging market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

North America: includes the US, Canada, Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

Key Market Segments: Medical Imaging Market

Medical Imaging Market by Product Type, 2022-2029, (USD Million)

Computed Tomography
Nuclear Imaging
Mammography
X-Ray Devices

Digital
- Direct Radiography Systems
- Computed Radiography Systems
Analog
- Magnetic Resonance Imaging (MRI)
- Ultrasound
2d Ultrasound
3d Ultrasound

Medical Imaging Market by Application, 2022-2029, (USD Million)

Obstetrics And Gynecology Health
Orthopedics And Musculoskeletal
Neuro And Spine
Cardiovascular And Thoracic
General Imaging
Breast Health
Others

Medical Imaging Market by End User, 2022-2029, (USD Million)

Hospitals
Diagnostic Centers

Medical Imaging Market by Region, 2022-2029, (USD Million)

North America
Europe
Asia Pacific
South America
Middle East And Africa

Important Countries In All Regions Are Covered.

INTRODUCTION
1. MARKET DEFINITION
2. MARKET SEGMENTATION
3. RESEARCH TIMELINES
4. ASSUMPTIONS AND LIMITATIONS
RESEARCH METHODOLOGY
1. DATA MINING
  1. SECONDARY RESEARCH
  2. PRIMARY RESEARCH
  3. SUBJECT-MATTER EXPERTS’ ADVICE
2. QUALITY CHECKS
  1. FINAL REVIEW
3. DATA TRIANGULATION
  1. BOTTOM-UP APPROACH
  2. TOP-DOWN APPROACH
  3. RESEARCH FLOW
4. DATA SOURCES
EXECUTIVE SUMMARY
MARKET OVERVIEW
1. GLOBAL MEDICAL IMAGING MARKET OUTLOOK
  1. MARKET DRIVERS
  2. MARKET RESTRAINTS
  3. MARKET OPPORTUNITIES
2. IMPACT OF COVID-19 ON MEDICAL IMAGING MARKET
3. PORTER’S FIVE FORCES MODEL
  1. THREAT FROM NEW ENTRANTS
  2. THREAT FROM SUBSTITUTES
  3. BARGAINING POWER OF SUPPLIERS
  4. BARGAINING POWER OF CUSTOMERS
  5. DEGREE OF COMPETITION
4. INDUSTRY VALUE CHAIN ANALYSIS
GLOBAL MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLION)
1. X-RAY DEVICES
  1. DIGITAL
    1. DIRECT RADIOGRAPHY SYSTEMS
    2. COMPUTED RADIOGRAPHY SYSTEMS
  2. ANALOG
2. MAGNETIC RESONANCE IMAGING (MRI)
3. ULTRASOUND
  1. 2D ULTRASOUND
  2. 3D ULTRASOUND
4. COMPUTED TOMOGRAPHY
5. NUCLEAR IMAGING
6. MAMMOGRAPHY
GLOBAL MEDICAL IMAGING MARKET BY APPLICATION (USD MILLION)
1. OBSTETRICS AND GYNECOLOGY HEALTH
2. ORTHOPEDICS AND MUSCULOSKELETAL
3. NEURO AND SPINE
4. CARDIOVASCULAR AND THORACIC
5. GENERAL IMAGING
6. BREAST HEALTH
7. OTHERS
GLOBAL MEDICAL IMAGING MARKET BY END USER (USD MILLION)
1. HOSPITALS
2. DIAGNOSTIC CENTERS
GLOBAL MEDICAL IMAGING MARKET BY REGION
1. NORTH AMERICA
  1. US
  2. CANADA
  3. MEXICO
2. SOUTH AMERICA
  1. BRAZIL
  2. ARGENTINA
  3. COLOMBIA
  4. REST OF SOUTH AMERICA
3. EUROPE
  1. GERMANY
  2. UK
  3. FRANCE
  4. ITALY
  5. SPAIN
  6. RUSSIA
  7. REST OF EUROPE
4. ASIA PACIFIC
  1. INDIA
  2. CHINA
  3. JAPAN
  4. SOUTH KOREA
  5. AUSTRALIA
  6. SOUTH-EAST ASIA
  7. REST OF ASIA PACIFIC
5. MIDDLE EAST AND AFRICA
  1. UAE
  2. SAUDI ARABIA
  3. SOUTH AFRICA
  4. REST OF THE MIDDLE EAST AND AFRICA

COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
1. CANON MEDICAL SYSTEM CORPORATION
2. CARESTREAM HEALTH
3. ESAOTE
4. FUJIFILM
5. GE HEALTHCARE
6. HITACHI LTD
7. HOLOGIC
8. KONICA MINOLTA
9. KONINKLIJKE PHILIPS
10. SAMSUNG MEDISON
11. SIEMENS HEALTHINESS *THE COMPANY LIST IS INDICATIVE

LIST OF TABLES

TABLE 1 GLOBAL MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 2 GLOBAL MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 3 GLOBAL MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 4 GLOBAL MEDICAL IMAGING MARKET BY REGION (USD MILLIONS) 2020-2029

TABLE 5 US MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 6 US MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 7 US MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 8 CANADA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 9 CANADA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 10 CANADA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 11 MEXICO MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 12 MEXICO MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 13 MEXICO MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 14 BRAZIL MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 15 BRAZIL MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 16 BRAZIL MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 17 ARGENTINA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 18 ARGENTINA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 19 ARGENTINA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 20 COLOMBIA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 21 COLOMBIA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 22 COLOMBIA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 23 REST OF SOUTH AMERICA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 24 REST OF SOUTH AMERICA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 25 REST OF SOUTH AMERICA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 26 INDIA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 27 INDIA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 28 INDIA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 29 CHINA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 30 CHINA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 31 CHINA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 32 JAPAN MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 33 JAPAN MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 34 JAPAN MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 35 SOUTH KOREA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 36 SOUTH KOREA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 37 SOUTH KOREA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 38 AUSTRALIA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 39 AUSTRALIA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 40 AUSTRALIA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 41 SOUTH-EAST ASIA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 42 SOUTH-EAST ASIA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 43 SOUTH-EAST ASIA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 44 REST OF ASIA PACIFIC MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 45 REST OF ASIA PACIFIC MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 46 REST OF ASIA PACIFIC MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 47 GERMANY MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 48 GERMANY MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 49 GERMANY MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 50 UK MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 51 UK MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 52 UK MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 53 FRANCE MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 54 FRANCE MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 55 FRANCE MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 56 ITALY MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 57 ITALY MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 58 ITALY MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 59 SPAIN MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 60 SPAIN MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 61 SPAIN MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 62 RUSSIA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 63 RUSSIA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 64 RUSSIA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 65 REST OF EUROPE MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 66 REST OF EUROPE MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 67 REST OF EUROPE MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 68 UAE MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 69 UAE MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 70 UAE MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 71 SAUDI ARABIA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 72 SAUDI ARABIA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 73 SAUDI ARABIA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 74 SOUTH AFRICA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 75 SOUTH AFRICA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 76 SOUTH AFRICA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 77 REST OF MIDDLE EAST AND AFRICA MEDICAL IMAGING MARKET BY PRODUCT TYPE (USD MILLIONS) 2020-2029

TABLE 78 REST OF MIDDLE EAST AND AFRICA MEDICAL IMAGING MARKET BY APPLICATION (USD MILLIONS) 2020-2029

TABLE 79 REST OF MIDDLE EAST AND AFRICA MEDICAL IMAGING MARKET BY END USER (USD MILLIONS) 2020-2029

LIST OF FIGURES

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL MEDICAL IMAGING MARKET BY PRODUCT TYPE, USD MILLION, 2020-2029

FIGURE 9 GLOBAL MEDICAL IMAGING MARKET BY APPLICATION, USD MILLION, 2020-2029

FIGURE 10 GLOBAL MEDICAL IMAGING MARKET BY END USER, USD MILLION, 2020-2029

FIGURE 11 GLOBAL MEDICAL IMAGING MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 12 PORTER’S FIVE FORCES MODEL

FIGURE 13 NORTH AMERICA MEDICAL IMAGING MARKET SNAPSHOT

FIGURE 14 EUROPE MEDICAL IMAGING MARKET SNAPSHOT

FIGURE 15 ASIA PACIFIC MEDICAL IMAGING MARKET SNAPSHOT

FIGURE 16 SOUTH AMERICA MEDICAL IMAGING MARKET SNAPSHOT

FIGURE 17 MIDDLE EAST & AFRICA MEDICAL IMAGING MARKET SNAPSHOT

FIGURE 18 CANON MEDICAL SYSTEM CORPORATION: COMPANY SNAPSHOT

FIGURE 19 CARESTREAM HEALTH: COMPANY SNAPSHOT

FIGURE 20 ESAOTE: COMPANY SNAPSHOT

FIGURE 21 FUJIFILM: COMPANY SNAPSHOT

FIGURE 22 GE HEALTHCARE: COMPANY SNAPSHOT

FIGURE 23 HITACHI LTD: COMPANY SNAPSHOT

FIGURE 24 HOLOGIC: COMPANY SNAPSHOT

FIGURE 25 KONICA MINOLTA: COMPANY SNAPSHOT

FIGURE 26 KONINKLIJKE PHILIPS: COMPANY SNAPSHOT

FIGURE 27 SAMSUNG MEDISON: COMPANY SNAPSHOT

FIGURE 28 SIEMENS HEALTHINEERS: COMPANY SNAPSHOT

• What is the worth of the Medical Imaging market?

The Medical Imaging market size has crossed USD 38.50 billion in 2022 and will observe a CAGR of more than 5.85% up to 2029 driven by the rising medical facilities, equipment and healthcare IT.

• What is the size of the North America Medical Imaging industry?

North America accounted for a 42% share of the medical imaging market in 2022 and is expected to maintain its dominance during the forecast period.

• What are the challenges, drivers and opportunities for the Medical Imaging market?

The primary reasons driving the rise of the worldwide medical imaging market share are the increased need for point-of-care imaging systems and the spike in demand for improved optical pictures for better illness and condition diagnosis. Ongoing improvements in medical imaging will open up a load of new opportunities for growth. Higher prices connected with medical imaging technologies as well as frequent product recalls in the imaging equipment, may, to some extent, hinder industry expansion.

• Which are the top companies to hold the market share in the Medical Imaging market?

• Which is the largest regional market for Medical Imaging Market?

Growing geriatric population and related disorders, simple access to diagnostic imaging modalities, and high acceptance of technology improvements are driving growth in the North American region. North America accounted for a large share of the medical imaging market in 2022 and is expected to maintain its dominance during the forecast period.

• Which region is expected to have the fastest growth rate within the forecast period?

Due to growing chronic illness occurrences, increasing medical facilities and increased demand for sophisticated imaging technologies, Asia-Pacific is expected to have the highest CAGR in coming years.

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