Diagnostic imaging market: Driving factors, Industry challenges, Segmentation, Key vendor analysis, Leading countries, and Market size and forecast 2023-2027 - Technavio

NEW YORK, Jan. 23, 2023 /PRNewswire/ --

In-depth analysis provided in the report includes:

• Current and future market trends to highlight market conditions
• Comparative analysis of the market and its segments for the historic period of 2017 - 2021
• Market drivers and market impediments and their impact on market growth
• Positioning of market players and their business strategy analysis
• Download a Sample Now!

Diagnostic imaging market size & segmentation analysis

The diagnostic imaging market is estimated to grow at a CAGR of 5.93% between 2022 and 2027. The size of the market is forecast to increase by USD 8,694.87 million. The diagnostic imaging market is segmented based on product, end-user, and geography.

• Based on the product, the diagnostic imaging market is segmented into x-ray, ultrasound, magnetic resonance imaging, computed tomography, and others.
• Based on the end-user, the market is segmented into hospitals and clinics, diagnostic centers, research laboratories and institutes, and others.
• Based on geography, the diagnostic imaging market is segmented into North America, Europe, Asia, and Rest of World.
• For insights on the market contribution of each segment, Buy the report!

Diagnostic imaging market: Country-level analysis

The countries covered in the diagnostic imaging market report are the US and Canada (North America); the UK, Germany, France, and the Rest of Europe (Europe); China, India, Vietnam, and others (Asia); Saudi Arabia, South Africa, Brazil, and others (Rest of World).

• North America will account for 42% of the market growth during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth in North America can be attributed to several factors, including the rising prevalence of chronic diseases, technological advances, product launches, the growing number of awareness programs for the early diagnosis of diseases, and high spending on healthcare.
• New technological developments are expected to increase the clinical uses of diagnostic imaging technologies and the number of imaging scans performed in the region. According to the Organization for Economic Co-operation and Development (OECD), the number of computed tomography (CT) scans performed in the US is increasing.  The increasing prevalence of chronic diseases and the growing adoption of imaging procedures are influencing vendors to employ various market strategies, such as new product launches and partnerships with distributors, to strengthen their market presence are driving the growth of the diagnostic imaging market in North America during the forecast period.

The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, Request a sample!

Diagnostic imaging market: Dynamics & Insights

Technavio's research report on the diagnostic imaging market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.

The increasing prevalence of chronic conditions is the key factor driving the global diagnostic imaging market growth. The imaging equipment is used for diagnosing severe and chronic conditions. In line with this, the increasing prevalence of chronic conditions, such as cancer, cardiovascular diseases, and neurological diseases, is expected to trigger the demand for diagnostic products, including medical imaging systems, and subsequently drive the growth of the market during the forecast period.

The high costs associated with diagnostic imaging are a major challenge to the global diagnostic imaging market growth. The high costs associated with imaging equipment and related procedures are a major factor hindering the growth of the market in focus. The high cost of imaging equipment and procedures can increase the cost burden on end-users and patients, respectively. For instance, the average cost of an MRI machine is $150,000-$300,000. Also, additional costs are needed for their remodeling, installation, and maintenance.

Diagnostic imaging market: Competitive landscape and vendor analysis

Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Some of the major players operating in the diagnostic imaging market are Agfa Gevaert NV, Allengers Medical Systems Ltd., BCL XRay Canada Inc., Carestream Health Inc., CurveBeam AI Ltd., Esaote Spa, Fujifilm Corp., General Electric Co., Hitachi Ltd., Hologic Inc., Konica Minolta Inc., Mediso Ltd., Neusoft Corp., Northrop Grumman Corp., Planmeca Oy, and Shenzhen Mindray BioMedical Electronics, among others. For insights on the vendor offerings, Download a PDF sample!

Related Reports:

The multimodal imaging market share is expected to increase by USD 665.44 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.63%. The growing prevalence of chronic diseases is notably driving the multimodal imaging market growth, although factors such as the high cost of multimodal imaging equipment may impede the market growth.

The cardiovascular ultrasound imaging systems market share is expected to increase to USD 592.22 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.44%. The increase in product launches is notably driving the cardiovascular ultrasound imaging systems market growth, although factors such as the high cost of cardiovascular ultrasound imaging systems may impede the market growth.

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global diagnostic imaging market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global diagnostic imaging market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 X-ray - Market size and forecast 2022-2027 
• Exhibit 34: Chart on X-ray - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on X-ray - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on X-ray - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on X-ray - Year-over-year growth 2022-2027 (%)

• 6.4 Ultrasound - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Ultrasound - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Ultrasound - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Ultrasound - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Ultrasound - Year-over-year growth 2022-2027 (%)

• 6.5 Magnetic resonance imaging - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Magnetic resonance imaging - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Magnetic resonance imaging - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Magnetic resonance imaging - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Magnetic resonance imaging - Year-over-year growth 2022-2027 (%)

• 6.6 Computed tomography - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Computed tomography - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Computed tomography - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Computed tomography - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Computed tomography - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 57: Chart on Comparison by End-user
• Exhibit 58: Data Table on Comparison by End-user

• 7.3 Hospitals and clinics - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Hospitals and clinics - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Hospitals and clinics - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Hospitals and clinics - Year-over-year growth 2022-2027 (%)

• 7.4 Diagnostic centers - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Diagnostic centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Diagnostic centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Diagnostic centers - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Diagnostic centers - Year-over-year growth 2022-2027 (%)

• 7.5 Research laboratories and institutes - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Research laboratories and institutes - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Research laboratories and institutes - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Research laboratories and institutes - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Research laboratories and institutes - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 75: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 77: Chart on Market share by geography 2022-2027 (%)
• Exhibit 78: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 79: Chart on Geographic comparison
• Exhibit 80: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027 
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 Japan - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 113: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 Agfa Gevaert NV
• Exhibit 124: Agfa Gevaert NV - Overview
• Exhibit 125: Agfa Gevaert NV - Business segments
• Exhibit 126: Agfa Gevaert NV - Key offerings
• Exhibit 127: Agfa Gevaert NV - Segment focus

• 12.4 Allengers Medical Systems Ltd. 
• Exhibit 128: Allengers Medical Systems Ltd. - Overview
• Exhibit 129: Allengers Medical Systems Ltd. - Product / Service
• Exhibit 130: Allengers Medical Systems Ltd. - Key offerings

• 12.5 Carestream Health Inc. 
• Exhibit 131: Carestream Health Inc. - Overview
• Exhibit 132: Carestream Health Inc. - Product / Service
• Exhibit 133: Carestream Health Inc. - Key offerings

• 12.6 CurveBeam AI Ltd.
• Exhibit 134: CurveBeam AI Ltd. - Overview
• Exhibit 135: CurveBeam AI Ltd. - Product / Service
• Exhibit 136: CurveBeam AI Ltd. - Key offerings

• 12.7 Esaote Spa
• Exhibit 137: Esaote Spa - Overview
• Exhibit 138: Esaote Spa - Product / Service
• Exhibit 139: Esaote Spa - Key offerings

• 12.8 Fujifilm Corp.
• Exhibit 140: Fujifilm Corp. - Overview
• Exhibit 141: Fujifilm Corp. - Product / Service
• Exhibit 142: Fujifilm Corp. - Key offerings

• 12.9 General Electric Co.
• Exhibit 143: General Electric Co. - Overview
• Exhibit 144: General Electric Co. - Business segments
• Exhibit 145: General Electric Co. - Key news
• Exhibit 146: General Electric Co. - Key offerings
• Exhibit 147: General Electric Co. - Segment focus

• 12.10 Hitachi Ltd.
• Exhibit 148: Hitachi Ltd. - Overview
• Exhibit 149: Hitachi Ltd. - Business segments
• Exhibit 150: Hitachi Ltd. - Key news
• Exhibit 151: Hitachi Ltd. - Key offerings
• Exhibit 152: Hitachi Ltd. - Segment focus

• 12.11 Hologic Inc.
• Exhibit 153: Hologic Inc. - Overview
• Exhibit 154: Hologic Inc. - Business segments
• Exhibit 155: Hologic Inc. - Key news
• Exhibit 156: Hologic Inc. - Key offerings
• Exhibit 157: Hologic Inc. - Segment focus

• 12.12 Konica Minolta Inc.
• Exhibit 158: Konica Minolta Inc. - Overview
• Exhibit 159: Konica Minolta Inc. - Business segments
• Exhibit 160: Konica Minolta Inc. - Key news
• Exhibit 161: Konica Minolta Inc. - Key offerings
• Exhibit 162: Konica Minolta Inc. - Segment focus

• 12.13 Mediso Ltd.
• Exhibit 163: Mediso Ltd. - Overview
• Exhibit 164: Mediso Ltd. - Product / Service
• Exhibit 165: Mediso Ltd. - Key offerings

• 12.14 Northrop Grumman Corp. 
• Exhibit 166: Northrop Grumman Corp. - Overview
• Exhibit 167: Northrop Grumman Corp. - Business segments
• Exhibit 168: Northrop Grumman Corp. - Key news
• Exhibit 169: Northrop Grumman Corp. - Key offerings
• Exhibit 170: Northrop Grumman Corp. - Segment focus

• 12.15 Shimadzu Corp.
• Exhibit 171: Shimadzu Corp. - Overview
• Exhibit 172: Shimadzu Corp. - Business segments
• Exhibit 173: Shimadzu Corp. - Key news
• Exhibit 174: Shimadzu Corp. - Key offerings
• Exhibit 175: Shimadzu Corp. - Segment focus

• 12.16 Siemens AG
• Exhibit 176: Siemens AG - Overview
• Exhibit 177: Siemens AG - Business segments
• Exhibit 178: Siemens AG - Key news
• Exhibit 179: Siemens AG - Key offerings
• Exhibit 180: Siemens AG - Segment focus

• 12.17 Thales Group
• Exhibit 181: Thales Group - Overview
• Exhibit 182: Thales Group - Business segments
• Exhibit 183: Thales Group - Key offerings
• Exhibit 184: Thales Group - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 185: Inclusions checklist
• Exhibit 186: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 187: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 188: Research methodology
• Exhibit 189: Validation techniques employed for market sizing
• Exhibit 190: Information sources

• 13.5 List of abbreviations 
• Exhibit 191: List of abbreviations

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