Medical Imaging Market to grow by USD 13.49 billion, Driven by Increasing Prevalence of Chronic Conditions -Technavio

NEW YORK, Aug. 24, 2022 /PRNewswire/ -- The medical imaging market size is set to grow by USD 13.49 billion from 2020 to 2025, progressing at a CAGR of 6.71% according to Technavio. Technavio categorizes the medical imaging market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical imaging market during the forecast period.

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Medical Imaging Market 2021-2025: Scope

 Our medical imaging market report covers the following areas:

• Medical Imaging Market size
• Medical Imaging Market trends
• Medical Imaging Market industry analysis

Medical Imaging Market 2021-2025: Vendor Analysis

The medical imaging market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. 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.

• Canon Inc. - The company offers Cartesion Prime air-cooled digital PET/CT for medical imaging.
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Medical Imaging Market 2021-2025: Market Dynamics

• Drivers - The Increasing prevalence of chronic conditions, increasing number of product launches by prominent vendors & technological advancements, and upgrades in medical imaging modalities will offer immense growth opportunities, and will challenge the growth of the market participants. 
• Challenges - The high costs associated with medical imaging will be a major challenge for the medical imaging market during the forecast period. The high cost of medical imaging equipment and procedures can increase the cost burden on end-users and patients, respectively.

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Medical Imaging Market 2021-2025: Segmentation Analysis

• Product
• X-ray Imaging
• Ultrasound Imaging
• MRI
• CT Scanner Imaging
• SPECT/PET Imaging
• Revenue Generating Segment - The medical imaging market share growth in the x-ray imaging segment will be significant for revenue generation. 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.
• Geography
• North America
• Europe
• Asia
• ROW
• Regional Highlights - 38% of the market's growth will originate from North America during the forecast period. The US is the key market for medical imaging in North America. Market growth in this region will be slower than the growth of the market in other regions. Factors such as the rising prevalence of chronic diseases, technological advances, product launches, the growing number of awareness programs regarding the early diagnosis of diseases, and the high healthcare spending by people will facilitate the medical imaging market growth in North America over the forecast period.

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Medical Imaging Market 2021-2025: Key Highlights

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist medical imaging market growth during the next five years
• Estimation of the medical imaging market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the medical imaging market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of medical imaging market vendors

The competitive scenario provided in the Medical Imaging Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Medical Imaging Market Forecast Report - Buy Now!

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Table Of Contents :

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value chain analysis: Healthcare Equipment

3 Market Sizing

• 3.1 Market Definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
• Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 15: Product - Market share 2020-2025 (%)

• 5.2 Comparison by Product
• Exhibit 16: Comparison by Product

• 5.3 X-ray imaging - Market size and forecast 2020-2025
• Exhibit 17: X-ray imaging - Market size and forecast 2020-2025 ($ billion)
• Exhibit 18: X-ray imaging - Year-over-year growth 2020-2025 (%)

• 5.4 Ultrasound imaging - Market size and forecast 2020-2025
• Exhibit 19: Ultrasound imaging - Market size and forecast 2020-2025 ($ billion)
• Exhibit 20: Ultrasound imaging - Year-over-year growth 2020-2025 (%)

• 5.5 MRI - Market size and forecast 2020-2025
• Exhibit 21: MRI - Market size and forecast 2020-2025 ($ billion)
• Exhibit 22: MRI - Year-over-year growth 2020-2025 (%)

• 5.6 CT scanner imaging - Market size and forecast 2020-2025
• Exhibit 23: CT scanner imaging - Market size and forecast 2020-2025 ($ billion)
• Exhibit 24: CT scanner imaging - Year-over-year growth 2020-2025 (%)

• 5.7 SPECT/PET imaging - Market size and forecast 2020-2025
• Exhibit 25: SPECT/PET imaging - Market size and forecast 2020-2025 ($ billion)
• Exhibit 26: SPECT/PET imaging - Year-over-year growth 2020-2025 (%)

• 5.8 Market opportunity by Product
• Exhibit 27: Market opportunity by Product

6 Customer landscape

• 6.1 Overview
• Exhibit 28: Customer landscape

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 29: Market share by geography 2020-2025 (%)

• 7.2 Geographic comparison
• Exhibit 30: Geographic comparison

• 7.3 North America - Market size and forecast 2020-2025
• Exhibit 31: North America - Market size and forecast 2020-2025 ($ billion)
• Exhibit 32: North America - Year-over-year growth 2020-2025 (%)

• 7.4 Europe - Market size and forecast 2020-2025
• Exhibit 33: Europe - Market size and forecast 2020-2025 ($ billion)
• Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)

• 7.5 Asia - Market size and forecast 2020-2025
• Exhibit 35: Asia - Market size and forecast 2020-2025 ($ billion)
• Exhibit 36: Asia - Year-over-year growth 2020-2025 (%)

• 7.6 ROW - Market size and forecast 2020-2025
• Exhibit 37: ROW - Market size and forecast 2020-2025 ($ billion)
• Exhibit 38: ROW - Year-over-year growth 2020-2025 (%)

• 7.7 Key leading countries
• Exhibit 39: Key leading countries

• 7.8 Market opportunity by geography
• Exhibit 40: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Overview
• Exhibit 47: Vendor landscape

• 9.2 Landscape disruption
• Exhibit 48: Landscape disruption
• Exhibit 49: Industry risks

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 50: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 51: Market positioning of vendors

• 10.3 Canon Inc.
• Exhibit 52: Canon Inc. - Overview
• Exhibit 53: Canon Inc. - Business segments
• Exhibit 54: Canon Inc.- Key news
• Exhibit 55: Canon Inc. - Key offerings
• Exhibit 56: Canon Inc. - Segment focus

• 10.4 Carestream Dental LLC
• Exhibit 57: Carestream Dental LLC - Overview
• Exhibit 58: Carestream Dental LLC - Product and service
• Exhibit 59: Carestream Dental LLC - Key news
• Exhibit 60: Carestream Dental LLC - Key offerings

• 10.5 FUJIFILM Holdings Corp.
• Exhibit 61: FUJIFILM Holdings Corp. - Overview
• Exhibit 62: FUJIFILM Holdings Corp. - Business segments
• Exhibit 63: FUJIFILM Holdings Corp.-Key news
• Exhibit 64: FUJIFILM Holdings Corp. - Key offerings
• Exhibit 65: FUJIFILM Holdings Corp. - Segment focus

• 10.6 General Electric Co.
• Exhibit 66: General Electric Co. - Overview
• Exhibit 67: General Electric Co. - Business segments
• Exhibit 68: General Electric Co.-Key news
• Exhibit 69: General Electric Co. - Key offerings
• Exhibit 70: General Electric Co. - Segment focus

• 10.7 Hitachi Ltd.
• Exhibit 71: Hitachi Ltd. - Overview
• Exhibit 72: Hitachi Ltd. - Business segments
• Exhibit 73: Hitachi Ltd.-Key news
• Exhibit 74: Hitachi Ltd. - Key offerings
• Exhibit 75: Hitachi Ltd. - Segment focus

• 10.8 Hologic Inc.
• Exhibit 76: Hologic Inc. - Overview
• Exhibit 77: Hologic Inc. - Business segments
• Exhibit 78: Hologic Inc.-Key news
• Exhibit 79: Hologic Inc. - Key offerings
• Exhibit 80: Hologic Inc. - Segment focus

• 10.9 Koninklijke Philips NV
• Exhibit 81: Koninklijke Philips NV - Overview
• Exhibit 82: Koninklijke Philips NV - Business segments
• Exhibit 83: Koninklijke Philips NV-Key news
• Exhibit 84: Koninklijke Philips NV - Key offerings
• Exhibit 85: Koninklijke Philips NV - Segment focus

• 10.10 Samsung Electronics Co. Ltd.
• Exhibit 86: Samsung Electronics Co. Ltd. - Overview
• Exhibit 87: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 88: Samsung Electronics Co. Ltd.-Key news
• Exhibit 89: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 90: Samsung Electronics Co. Ltd. - Segment focus

• 10.11 Shimadzu Corp.
• Exhibit 91: Shimadzu Corp. - Overview
• Exhibit 92: Shimadzu Corp. - Business segments
• Exhibit 93: Shimadzu Corp. - Key offerings
• Exhibit 94: Shimadzu Corp. - Segment focus

• 10.12 Siemens Healthineers AG
• Exhibit 95: Siemens Healthineers AG - Overview
• Exhibit 96: Siemens Healthineers AG - Business segments
• Exhibit 97: Siemens Healthineers AG- Key news
• Exhibit 98: Siemens Healthineers AG - Key offerings
• Exhibit 99: Siemens Healthineers AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$
• Exhibit 100: Currency conversion rates for US$

• 11.3 Research methodology
• Exhibit 101: Research Methodology
• Exhibit 102: Validation techniques employed for market sizing
• Exhibit 103: Information sources

• 11.4 List of abbreviations
• Exhibit 104: List of abbreviations

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SOURCE Technavio