Global Medical Imaging Market Analysis, 2024-2030

Medical imaging is a process where organs, bone structures, tissues, or even objects are represented visually through modern technology. The medical imaging is utilized in various sectors such as chemical, digital, geophysical, medical, magnetic, molecular, spatial, disks and documents.

The global medical imaging market report shows the insights of the current market conditions by conducting over 260 hours of secondary and primary research. As per the research report, the global medical imaging market is increasing its sphere of influence at a greater pace. The global medical imaging market is valued at US $ xxx million dollars in 2018 which is expected to reach US $ xxx million dollars by the end of 2023. This market is hence said to grow at a CAGR of xx% during 2018–2023.

The medical imaging services play an important role in today’s advanced world. These medical imaging services help health care experts in determining various diseases and conditions of patients through three-dimensional layouts and much more. They play a huge role in X-rays, ultrasounds, computational tomography scans, and magnetic resonance medical imaging. The medical imaging is also used in nuclear medicines and surgeries to show the progress of the patient’s disease.

The important factors that affect the growth of the medical imaging market include the its need in various diagnosis centers. Health care centers, hospitals and diagnostic centers need these medical imaging machines and set-up for treating their patients. Cardiology, oncology, and orthodontics also have a huge demand for these medical imaging services as they provide a three-dimensional layout of the patient’s condition. Due to the increasing demand with the development of technology in hospitals, the medical imaging markets have seen a rapid growth through the past few years.

Even though the medical imaging market has seen a rapid growth over the past few years, there are certain impediments to its growth as well. These medical imaging set-ups and machines are expensive, hence only renowned and famed hospitals and healthcare institutes have access to these services.

The major regions that have the medical imaging markets deeply concentrated include the United States, Canada, Europe, the Asia Pacific, the Middle East, Latin America, and Japan. Till 2023, these regions are expected to show a rise in the market value due to the rising demand. The United States and Canada are expected to show a quick growth backed by other countries.

The major companies that play a crucial role in the medical imaging market include GE Healthcare, Siemens Healthcare, Hitachi, Samsung Medison, and Esaote. Other companies include Philips, Toshiba Medical System Corporations, Carestream Health Incorporation, and Shimadzu Corporation.

Our Approach

The research process is commenced by the market segmentation of global medical imaging market, followed by the growth factors identification and conducting market research. The market forecasts are then done taking into consideration the insights given by business leaders from across the Global Medical imaging industry value chain. Market Krystal conducted 40 interviews for this study and are given below:

By company type:

Manufacturers (45%), Suppliers (15%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (25%), Europe (35%)

By designation:

Top level (45%), Operation level (30%), Mid-level (25%)

Contents of the report:

• Insights on the global medical imaging industry dynamics
• Estimation of the current global medical imaging market size in terms of value
• Global medical imaging market breakup based on product (X-ray imaging, MRI, ultrasound, nuclear imaging, others), application (oncology, cardiology, others)
• Substantiated global medical imaging market forecast for the next five years
• In depth analysis of the major companies working across different nodes of global medical imaging industry value chain

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