Market Research Logo

Medical Imaging Market in APAC 2017-2021

About Medical Imaging

Medical imaging is a process of creating visual representations of the interior of a body for medical applications and clinical analysis. It is performed to reveal internal structures hidden by the skin and bones, to examine and diagnose the medical condition. It plays a vital role in the diagnosis as well as in the treatment process since it is taken into consideration during the follow-up of various diseases. Based on product, the market is segmented into general X-ray equipment, ultrasound equipment, magnetic resonance imaging (MRI) equipment, computed tomography (CT) scanners, and positron-emission tomography/single-photon emission computed tomography (PET/SPECT) equipment.

Technavio’s analysts forecast the medical imaging market in APAC to grow at a CAGR of 9.57% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the medical imaging market in APAC for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • China
  • Japan
  • Rest of APAC
Technavio's report, Medical Imaging Market in APAC 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • GE Healthcare
  • Koninklijke Philips
  • Siemens Healthcare
  • Toshiba Medical Systems
  • FUJIFILM
Other prominent vendors
  • Accuray
  • Accutome
  • Alpinion Medical Systems
  • Analogic
  • ASAHI Roentgen
  • Atlantis Worldwide
  • BenQ Medical Technology
  • Bestman
  • BMV Technology
  • Boston Scientific
  • Bruker
  • Capintec
  • Carestream
  • Cephasonics
  • CMR Naviscan
  • CurveBeam
  • DDD-Diagnostic
  • Delphinus Medical Technologies
  • EOS imaging
  • Esaote
  • Fuel 3D Technologies
  • Gendex
  • Guangzhou Yueshen Medical Equipment
  • Hitachi
  • Hologic
  • Imaging Sciences International
  • Insightec
  • J. Morita Corporation
  • Jiangsu TongRen Medical Electronic Technology
  • Konica Minolta
  • Lupica Medical Systems
  • MedGyn
  • Mediso Medical Imaging Systems
  • Mindray Medical International
  • NeuSoft
  • PLANMECA
  • Samsung Medison
  • Shimadzu Corporation
  • Sonostar
  • SOREDEX
  • TomTec Imaging Systems
  • Wuhan Tianyi Electronic
  • Wuhan Zoncare Bio-medical Electronics
  • Xoran Technologies
  • Zhuhai Ecare Electronics Science & Technology
Market driver
  • Government initiatives and pilot programs
  • For a full, detailed list, view our report
Market challenge
  • Rising demand for refurbished equipment
  • For a full, detailed list, view our report
Market trend
  • Growing focus of vendors toward technological advances
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Medical Imaging Market in APAC 2017-2021

Technavio recognizes the following companies as the key players in the medical imaging market in APAC: GE Healthcare, Koninklijke Philips, Siemens Healthcare, Toshiba Medical Systems, and FUJIFILM.

Other Prominent Vendors in the market are: Accuray, Accutome, Alpinion Medical Systems, Analogic, ASAHI Roentgen, Atlantis Worldwide, BenQ Medical Technology, Bestman, BMV Technology, Boston Scientific, Bruker, Capintec, Carestream, Cephasonics, CMR Naviscan, CurveBeam, DDD-Diagnostic, Delphinus Medical Technologies, EOS imaging, Esaote, Fuel 3D Technologies, Gendex, Guangzhou Yueshen Medical Equipment, Hitachi, Hologic, Imaging Sciences International, Insightec, J. Morita Corporation, Jiangsu TongRen Medical Electronic Technology, Konica Minolta, Lupica Medical Systems, MedGyn, Mediso Medical Imaging Systems, Mindray Medical International, NeuSoft, PLANMECA, Samsung Medison, Shimadzu Corporation, Sonostar, SOREDEX, TomTec Imaging Systems, Wuhan Tianyi Electronic, Wuhan Zoncare Bio-medical Electronics, Xoran Technologies, and Zhuhai Ecare Electronics Science & Technology.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing focus of vendors toward technological advances. Key vendors operating within global markets have targeted APAC for generating revenue from the sales of their mid-range medical imaging equipment in the last decade. Within APAC, the revenue generated from the sales of X-ray and ultrasound equipment is high when compared with the other segments, which include nuclear medical imaging, CT, and MRI. MRI is under-penetrated in the Asian market.”

According to the report, one driver in the market is government initiatives and pilot programs. Early diagnosis of breast cancer can reduce the morbidity as well as mortality and increases the survival rate of the affected individuals. The governments of various countries have come forward to reduce the prevalence of breast cancer by bringing in awareness among the female population and by educating women in the developed countries. Countries such as Australia, Singapore, and India are among the few developed and developing countries that have mandated cancer check-ups in medical facilities. In emerging countries, modernization of the healthcare infrastructure and the increasing focus of MNCs on strengthening their networks in these regions are positively impacting the medical imaging market.

Further, the report states that one challenge in the market is rising demand for refurbished equipment. In the dynamic healthcare landscape, it is difficult to take a decision about investing in new medical devices. To combat that, refurbished medical equipment is being increasingly used as an option by many end-users who are eager to cut down on the costs, yet obtain the necessary medical devices. The steady growth in sales of refurbished equipment indicates that a good number of customers prefer them. Manufacturers of new imaging equipment are facing intense competition from vendors offering a broad range of refurbished equipment.

Companies Mentioned

GE Healthcare, Koninklijke Philips, Siemens Healthcare, Toshiba Medical Systems, and FUJIFILM, Accuray, Accutome, Alpinion Medical Systems, Analogic, ASAHI Roentgen, Atlantis Worldwide, BenQ Medical Technology, Bestman, BMV Technology, Boston Scientific, Bruker, Capintec, Carestream, Cephasonics, CMR Naviscan, CurveBeam, DDD-Diagnostic, Delphinus Medical Technologies, EOS imaging, Esaote, Fuel 3D Technologies, Gendex, Guangzhou Yueshen Medical Equipment, Hitachi, Hologic, Imaging Sciences International, Insightec, J. Morita Corporation, Jiangsu TongRen Medical Electronic Technology, Konica Minolta, Lupica Medical Systems, MedGyn, Mediso Medical Imaging Systems, Mindray Medical International, NeuSoft, PLANMECA, Samsung Medison, Shimadzu Corporation, Sonostar, SOREDEX, TomTec Imaging Systems, Wuhan Tianyi Electronic, Wuhan Zoncare Bio-medical Electronics, Xoran Technologies, and Zhuhai Ecare Electronics Science & Technology.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market ecosystem
    • Market characteristics
      • Table Market characteristics
  • Market sizing
    • Market definition
      • Table Market definition: Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Medical imaging market in APAC 2016-2021 ($ millions)
      • Table Medical imaging market in APAC: Year-over-year growth 2017-2021 (%)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Medical imaging market in APAC by application 2016
    • Gynecology & obstetrics
    • Cardiology
    • Neurology
    • Oncology
    • Orthopedics
    • Others
  • Market segmentation by product
    • Segmentation by product
      • Table Medical imaging market in APAC by product 2016-2021 (%)
    • Comparison by product
      • Table Comparison by product
    • General X-ray equipment market in APAC
      • Table General X-ray equipment market in APAC 2016-2021 ($ millions)
      • Table General X-ray equipment market in APAC: Year-over-year growth 2017-2021 (%)
    • Ultrasound equipment market in APAC
      • Table Ultrasound equipment market in APAC 2016-2021 ($ millions)
      • Table Ultrasound equipment market in APAC: Year-over-year growth 2017-2021 (%)
    • MRI equipment market in APAC
      • Table MRI equipment market in APAC 2016-2021 ($ millions)
      • Table MRI equipment market in APAC: Year-over-year growth 2017-2021 (%)
    • CT scanners market in APAC
      • Table CT scanners market in APAC 2016-2021 ($ millions)
      • Table CT scanners market in APAC: Year-over-year growth 2017-2021 (%)
    • PET/SPECT equipment market in APAC
      • Table PET/SPECT market in APAC 2016-2021 ($ millions)
      • Table PET/SPECT medical imaging market in APAC: Year-over-year growth 2017-2021 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Market segmentation by end-user
    • Table Medical imaging market in APAC by end-users 2016
    • Diagnostic centers
    • Hospitals
    • Others
  • Regional landscape
    • Geographical segmentation
      • Table Medical imaging market in APAC by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Medical imaging market in Japan
      • Table Medical imaging market in Japan 2016-2021 ($ millions)
      • Table Medical imaging market in Japan: Year-over-year growth 2017-2021 (%)
    • Medical imaging market in China
      • Table Medical imaging market in China 2016-2021 ($ millions)
      • Table Medical imaging market in China: Year-over-year growth 2017-2021 (%)
    • Medical imaging market in rest of APAC
      • Table Medical imaging market in rest of APAC 2016-2021 ($ millions)
      • Table Medical imaging market in rest of APAC: Year-over-year growth 2017-2021 (%)
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Government initiatives for breast screening in APAC
      • Table Medical imaging equipment used in various therapy areas
      • Table Technologies currently used in market
    • Market challenges
      • Table Major vendors' refurbished equipment costs
  • Market trends
    • Growing focus of vendors toward technological advances
    • Paradigm shift toward portable/compact medical imaging equipment
    • Strategic acquisitions and collaborations
      • Table Major M&A 2015-2016
      • Table Major strategic collaborations
  • Vendor landscape
    • Competitive scenario
      • Table Competitive structure analysis of medical imaging market in APAC 2016
      • Table Share of vendors in medical imaging market in APAC 2016
  • Vendor analysis
    • GE Healthcare
      • Table GE Healthcare: Overview
      • Table GE Healthcare: Business segments
      • Table GE Healthcare: Organizational developments
      • Table GE Healthcare: Geographic focus
      • Table GE Healthcare: Segment focus
      • Table GE Healthcare: Key offerings
      • Table GE Healthcare: Key customers
    • Koninklijke Philips
      • Table Koninklijke Philips: Overview
      • Table Koninklijke Philips: Business segments
      • Table Koninklijke Philips: Organizational developments
      • Table Koninklijke Philips: Geographic focus
      • Table Koninklijke Philips: Segment focus
      • Table Koninklijke Philips: Key offerings
      • Table Koninklijke Philips: Key customers
    • Siemens Healthcare
      • Table Siemens Healthcare: Overview
      • Table Siemens Healthcare: Business segments
      • Table Siemens Healthcare: Organizational developments
      • Table Siemens Healthcare: Geographic focus
      • Table Siemens Healthcare: Segment focus
      • Table Siemens Healthcare: Key offerings
      • Table Siemens Healthcare: Key customers
    • Toshiba Medical Systems
      • Table Toshiba Medical Systems: Overview
      • Table Toshiba Medical Systems: Business segments
      • Table Toshiba Medical Systems: Organizational developments
      • Table Toshiba Medical Systems: Geographic focus
      • Table Toshiba Medical Systems: Segment focus
      • Table Toshiba Medical Systems: Key offerings
      • Table Toshiba Medical Systems: Key customers
    • FUJIFILM
      • Table FUJIFILM: Overview
      • Table FUJIFILM: Business segments
      • Table FUJIFILM: Organizational developments
      • Table FUJIFILM: Geographic focus
      • Table FUJIFILM: Segment focus
      • Table FUJIFILM: Key offerings
      • Table FUJIFILM: Key customers
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report