Diagnostic Imaging Market Size, Share, Trends and Forecast, 2028

The global Diagnostic Imaging Market accrued earnings worth approximately 28.10 (USD Billion) in 2021 and is predicted to gain revenue of about 45.32(USD Billion) by 2028, is set to record a CAGR of nearly 6.2% over the period from 2022 to 2028. The study provides assessment and analysis of the Diagnostic Imaging Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

Request Free Sample

Diagnostic Imaging Market: Overview

Second half century of twentieth century witnessed a paradigm shift in medical diagnostics methods with emergence of major imaging devices such as X-ray imaging & emission tomography including PET and nuclear imaging. In addition to this, MRI and ultrasound were some of the other diagnostic imaging methods that were used in next half of twentieth century. Furthermore, these diagnostic imaging techniques make usage of complete width of electromagnetic spectrum from gamma rays to radio waves as well as sound waves. In recent years, diagnostic imaging has become a key part of overall healthcare system. Apparently, radiographs were only kind of diagnostic imaging for many decades. However, need for bringing improvements in diagnostic imaging techniques has resulted in introduction of 2-dimensional diagnostic, 3-dimensional medical imaging, 4-dimensional imaging, molecular imaging, and functional imaging techniques in current times.

Diagnostic imaging is a technique and process of creating visual representations of the interior of a body for clinical analysis and medical intervention. Diagnostic imaging seeks to reveal internal structures covered below the skin and bones, as well as to diagnose and treat disease. Diagnostic imaging is part of biological imaging and incorporates radiology which uses the imaging technologies of X-ray radiography, magnetic resonance imaging, medical ultra sonography or ultrasound and others.

The market of global diagnostic imaging has been accelerated by rising geriatric population and growing occurrences of chronic diseases across the globe. Another major driver is growing pharmaceutical & biotechnology industries worldwide. Moreover, growth in the number of diagnostic imaging centers coupled with growing prevalence of cancer is expected to fuel the growth of global diagnostic imaging market. However, high cost related to the machinery and its implementation is a major restraint that may limit the growth of the market. Nonetheless, advancement in technology is likely to disclose the new avenues for diagnostic imaging market in the near future.

Request Free Sample

Diagnostic Imaging Market: Growth Dynamics

Surge in occurrence of specific disease condition has paved way for rise in demand for diagnostic imaging procedures. Increase in head & neck issues in young, adults, and aging population has enhanced preference of individuals for diagnostic imaging tests such as CT-scans, MRI scans, ultrasonography, nuclear imaging, and digital volume tomography. This will articulate progression of diagnostic imaging market. Growing issues related to neurological disorders can be easily detected through MRI scans. Apart from this, orthopedics makes use of diagnostic imaging methods for detecting fractures as well as osteoarthritis and bone related disorders in individuals. CT-scans have proved beneficial during COVID-19 for detecting pneumonia in individuals.

Furthermore, rise in chronic disorders including heart disorders will push growth of diagnostic imaging market in upward direction. Introduction of diagnostic imaging equipment with new features will steer expansion of diagnostic imaging industry in coming years. AI-driven medical imaging devices and onset of IoT has assisted diagnostic imaging industry establish a strong foothold in healthcare business and take huge strides toward progression along with revenue growth.

Diagnostic Imaging Market: Segmentation

On the basis of product type, the global diagnostic imaging market is segmented an X-ray imaging systems, CT scanners, MRI systems, ultrasound imaging systems and nuclear imaging systems. X-ray imaging systems have the largest share in the global diagnostic imaging market and it accounted around 30% share of the total market in 2015 followed by CT scanner. MRI system and ultrasound imaging systems are the important outlets that are expected to grow at above average rate within the forecast period owing to the improvement of the regulatory framework in the emerging markets.

Report Scope:

Diagnostic Imaging Market: Regional Landscape

North American Diagnostic Imaging Market To Register Highest CAGR Over Forecast Timeframe

Expansion of diagnostic imaging market in North America over assessment period is subject to presence of large number of giant medical diagnostic imaging equipment manufacturers in countries such as Canada and the U.S. In addition to this, need for developing new medical imaging systems and products for effective healthcare & patient management has forced manufacturers to develop new medical imaging techniques & devices. This has benefitted regional market surge. Rise in occurrence of cancer tumors in patients and increase in tuberculosis & pneumonia symptoms in COVID patients has resulted in upswing in use of diagnostic imaging in North America, thereby making growth curve of North American diagnostic imaging market bend towards positive direction.

Diagnostic Imaging Market: Competitive Landscape

Some of the giant players have influenced the growth of diagnostic imaging market in last few years and will continue to do so even in future. They are :

• Koninklijke Philips N.V.
• Hologic, Inc.
• Esaote S.p.A
• Carestream Health, Inc.
• Hitachi Medical Corporation
• Siemens Healthcare GmBH
• Fujifilm Corporation
• Samsung Medison Company Limited
• GE Healthcare
• Toshiba Medical Systems Corporation
• Shimadzu Corporation.

The global Diagnostic Imaging Market is segmented as follows:

By Type

• X-ray
• Computed Tomography
• Ultrasound
• MRI
• Nuclear Imaging

By End-Use

• Hospitals
• Ambulatory Imaging Units
• Diagnostic Imaging Centers

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa