Diagnostic Imaging Devices Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031
Description
Persistence Market Research has published a detailed study on the global Diagnostic Imaging Devices Market, offering a comprehensive assessment of market trends, growth drivers, constraints, opportunities, and competitive dynamics. The report provides valuable insights into the evolving market landscape, supporting stakeholders in strategic planning and informed decision-making.
Key Insights:
The diagnostic imaging devices market includes a wide spectrum of medical imaging technologies used for the detection, diagnosis, and monitoring of various diseases. These technologies comprise X-ray equipment, ultrasound systems, MRI scanners, CT scanners, and nuclear imaging systems, which are essential across multiple clinical applications. Market growth is being supported by increased healthcare investments and a strong focus on enhancing diagnostic capabilities, particularly in developing economies. Government initiatives aimed at strengthening healthcare infrastructure, along with rising awareness regarding early disease diagnosis, are further propelling market demand. Asia Pacific is anticipated to lead the global market due to improving healthcare accessibility, expanding insurance coverage, and growing affordability of diagnostic services.
Market Growth Drivers:
The diagnostic imaging devices market is experiencing steady growth driven by the rising incidence of chronic and lifestyle-related diseases, including cancer, cardiovascular disorders, and neurological conditions. The increasing need for early and accurate diagnosis is boosting demand for advanced imaging technologies. Expansion of healthcare infrastructure in emerging countries, supported by government funding and policy initiatives, is further accelerating market growth. Technological advancements such as improved image quality, faster scanning capabilities, and reduced radiation exposure have enhanced the efficiency and reliability of diagnostic imaging systems. Additionally, growing healthcare awareness and an aging global population are contributing to increased utilization of diagnostic imaging services.
Market Restraints:
Despite favorable growth prospects, the market faces certain limitations that may restrain expansion. High acquisition and installation costs of advanced imaging equipment, particularly MRI and CT scanners, present a challenge for healthcare providers in cost-sensitive regions. The requirement for skilled professionals to operate sophisticated imaging systems and manage complex workflows further adds to operational expenses. Moreover, concerns regarding radiation exposure from specific imaging modalities and stringent regulatory approval processes can delay product adoption and market entry.
Market Opportunities:
The diagnostic imaging devices market presents significant opportunities driven by the expansion of diagnostic centers and outpatient care facilities worldwide. Growing demand for portable and point-of-care imaging solutions is opening new avenues for market players, especially in remote and underserved areas. Technological integration of artificial intelligence and digital imaging platforms is expected to improve diagnostic accuracy and workflow optimization, creating additional growth potential. Furthermore, increasing emphasis on preventive healthcare, minimally invasive diagnostics, and personalized medicine is expected to support long-term market expansion.
Competitive Intelligence and Business Strategy:
Leading players in the global diagnostic imaging devices market, including General Electric Company, Siemens Healthcare Private Limited, Koninklijke Philips N.V., Canon Medical Systems Corporation, and FUJIFILM Corporation, are focusing on technological innovation, product portfolio expansion, and strategic collaborations to strengthen their market position. These companies are investing heavily in research and development to introduce advanced imaging systems with improved accuracy, reduced radiation exposure, and enhanced digital integration. Strategic partnerships with hospitals, diagnostic centers, and government healthcare programs are being leveraged to expand geographic reach, particularly in emerging markets across Asia Pacific and Latin America. Additionally, manufacturers are emphasizing cost-effective and portable imaging solutions to cater to underserved and rural healthcare settings, while mergers, acquisitions, and local manufacturing initiatives are being adopted to enhance competitiveness and meet region-specific regulatory and affordability requirements.
Key Companies Profiled:
By Product Type
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Key Insights:
- Diagnostic Imaging Devices Market Size (2024): US$ 33.7 Bn
- Expected Market Value (2031): US$ 46.3 Bn
- Market Growth Rate (CAGR 2024–2031): 4.6%
The diagnostic imaging devices market includes a wide spectrum of medical imaging technologies used for the detection, diagnosis, and monitoring of various diseases. These technologies comprise X-ray equipment, ultrasound systems, MRI scanners, CT scanners, and nuclear imaging systems, which are essential across multiple clinical applications. Market growth is being supported by increased healthcare investments and a strong focus on enhancing diagnostic capabilities, particularly in developing economies. Government initiatives aimed at strengthening healthcare infrastructure, along with rising awareness regarding early disease diagnosis, are further propelling market demand. Asia Pacific is anticipated to lead the global market due to improving healthcare accessibility, expanding insurance coverage, and growing affordability of diagnostic services.
Market Growth Drivers:
The diagnostic imaging devices market is experiencing steady growth driven by the rising incidence of chronic and lifestyle-related diseases, including cancer, cardiovascular disorders, and neurological conditions. The increasing need for early and accurate diagnosis is boosting demand for advanced imaging technologies. Expansion of healthcare infrastructure in emerging countries, supported by government funding and policy initiatives, is further accelerating market growth. Technological advancements such as improved image quality, faster scanning capabilities, and reduced radiation exposure have enhanced the efficiency and reliability of diagnostic imaging systems. Additionally, growing healthcare awareness and an aging global population are contributing to increased utilization of diagnostic imaging services.
Market Restraints:
Despite favorable growth prospects, the market faces certain limitations that may restrain expansion. High acquisition and installation costs of advanced imaging equipment, particularly MRI and CT scanners, present a challenge for healthcare providers in cost-sensitive regions. The requirement for skilled professionals to operate sophisticated imaging systems and manage complex workflows further adds to operational expenses. Moreover, concerns regarding radiation exposure from specific imaging modalities and stringent regulatory approval processes can delay product adoption and market entry.
Market Opportunities:
The diagnostic imaging devices market presents significant opportunities driven by the expansion of diagnostic centers and outpatient care facilities worldwide. Growing demand for portable and point-of-care imaging solutions is opening new avenues for market players, especially in remote and underserved areas. Technological integration of artificial intelligence and digital imaging platforms is expected to improve diagnostic accuracy and workflow optimization, creating additional growth potential. Furthermore, increasing emphasis on preventive healthcare, minimally invasive diagnostics, and personalized medicine is expected to support long-term market expansion.
Competitive Intelligence and Business Strategy:
Leading players in the global diagnostic imaging devices market, including General Electric Company, Siemens Healthcare Private Limited, Koninklijke Philips N.V., Canon Medical Systems Corporation, and FUJIFILM Corporation, are focusing on technological innovation, product portfolio expansion, and strategic collaborations to strengthen their market position. These companies are investing heavily in research and development to introduce advanced imaging systems with improved accuracy, reduced radiation exposure, and enhanced digital integration. Strategic partnerships with hospitals, diagnostic centers, and government healthcare programs are being leveraged to expand geographic reach, particularly in emerging markets across Asia Pacific and Latin America. Additionally, manufacturers are emphasizing cost-effective and portable imaging solutions to cater to underserved and rural healthcare settings, while mergers, acquisitions, and local manufacturing initiatives are being adopted to enhance competitiveness and meet region-specific regulatory and affordability requirements.
Key Companies Profiled:
- General Electric Company
- Hitachi Ltd.
- Hologic, Inc.
- Koninklijke Philips N.V.
- Samsung Medison Co., Ltd.
- Shimadzu Medical Pvt. Ltd.
- CANON MEDICAL SYSTEM CORPORATION
- ESAOTE SPA
- Allengers
- CURA Healthcare
- Neusoft Corporation
- NP JSC AMICO
- Shanghai Lianying Medical Technology Co., Ltd.
- FUJIFILM Corporation
- Siemens Healthcare Private Limited
By Product Type
- X-ray Equipment
- Ultrasound Imaging Systems
- Nuclear Imaging Systems
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT) Scanners
- Others
- Gynecology
- Oncology
- Orthopedics
- Cardiology
- Gastroenterology
- Neurology
- Other
- Hospitals and Clinics
- Diagnostic Centers
- Research Institutes
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Please Note: It will take 5 business days to complete the report upon order confirmation.
Table of Contents
189 Pages
- 1. Executive Summary
- 1.1. Global Diagnostic Imaging Devices Market Snapshot, 2024 and 2031
- 1.2. Market Opportunity Assessment, 2024 - 2031, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
- 2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare Spending Outlook
- 2.4. COVID-19 Impact Analysis
- 2.5. Forecast Factors - Relevance and Impact
- 3. Value Added Insights
- 3.1. Product Type Adoption Analysis
- 3.2. Technology Assessment
- 3.3. Regulatory Landscape
- 3.4. Value Chain Analysis
- 3.4.1. List of Distribution Channel/Marketplaces
- 3.4.1.1. Retail
- 3.4.1.2. Audiology
- 3.4.1.3. E-Commerce
- 3.4.2. List of End User (Industry)
- 3.5. Key Deals and Mergers
- 3.6. PESTLE Analysis
- 3.7. Porter’s Five Force Analysis
- 4. Price Trend Analysis, 2023
- 4.1. Key Highlights
- 4.2. Key Factors Impacting Product Prices
- 4.3. Pricing Analysis, By Product
- 4.4. Regional Prices and Product Preferences
- 5. Global Diagnostic Imaging Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Mn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
- 5.2. Market Size (US$ Mn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Mn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Mn) Analysis and Forecast, 2024-2031
- 5.3. Global Diagnostic Imaging Devices Market Outlook: Product Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Product Type, 2019-2023
- 5.3.3. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 5.3.3.1. X-Ray Equipment
- 5.3.3.2. Ultrasound Imaging Systems
- 5.3.3.3. Nuclear Imaging Systems
- 5.3.3.4. Magnetic Resonance Imaging (MRI)
- 5.3.3.5. Computed Tomography (CT) Scanners
- 5.3.3.6. Others
- 5.3.4. Market Attractiveness Analysis: Product Type
- 5.4. Global Diagnostic Imaging Devices Market Outlook: Application
- 5.4.1. Introduction / Key Findings
- 5.4.2. Historical Market Size (US$ Mn) Analysis, By Application, 2019-2023
- 5.4.3. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 5.4.3.1. Gynecology
- 5.4.3.2. Oncology
- 5.4.3.3. Orthopedics
- 5.4.3.4. Cardiology
- 5.4.3.5. Gastroenterology
- 5.4.3.6. Neurology
- 5.4.3.7. Other
- 5.4.4. Market Attractiveness Analysis: Application
- 5.5. Global Diagnostic Imaging Devices Market Outlook: End-use
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Mn) Analysis, By End-use, 2019-2023
- 5.5.3. Current Market Size (US$ Mn) Analysis and Forecast, By End-use, 2024-2031
- 5.5.3.1. Hospitals and clinics
- 5.5.3.2. Diagnostic centers
- 5.5.3.3. Research institutes
- 5.5.3.4. Others
- 5.5.4. Market Attractiveness Analysis: End-use
- 6. Global Diagnostic Imaging Devices Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Region, 2019-2023
- 6.3. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
- 7. North America Diagnostic Imaging Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 7.1. Key Highlights
- 7.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2023
- 7.2.1. By Country
- 7.2.2. By Product Type
- 7.2.3. By Application
- 7.2.4. By End-use
- 7.3. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 7.4.1. X-Ray Equipment
- 7.4.2. Ultrasound Imaging Systems
- 7.4.3. Nuclear Imaging Systems
- 7.4.4. Magnetic Resonance Imaging (MRI)
- 7.4.5. Computed Tomography (CT) Scanners
- 7.4.6. Others
- 7.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 7.5.1. Gynecology
- 7.5.2. Oncology
- 7.5.3. Orthopedics
- 7.5.4. Cardiology
- 7.5.5. Gastroenterology
- 7.5.6. Neurology
- 7.5.7. Other
- 7.6. Current Market Size (US$ Mn) Analysis and Forecast, By End-use, 2024-2031
- 7.6.1. Hospitals and clinics
- 7.6.2. Diagnostic centers
- 7.6.3. Research institutes
- 7.6.4. Others
- 7.7. Market Attractiveness Analysis
- 8. Europe Diagnostic Imaging Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 8.1. Key Highlights
- 8.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2023
- 8.2.1. By Country
- 8.2.2. By Product Type
- 8.2.3. By Application
- 8.2.4. By End-use
- 8.3. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Türkiye
- 8.3.8. Rest of Europe
- 8.4. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 8.4.1. X-Ray Equipment
- 8.4.2. Ultrasound Imaging Systems
- 8.4.3. Nuclear Imaging Systems
- 8.4.4. Magnetic Resonance Imaging (MRI)
- 8.4.5. Computed Tomography (CT) Scanners
- 8.4.6. Others
- 8.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 8.5.1. Gynecology
- 8.5.2. Oncology
- 8.5.3. Orthopedics
- 8.5.4. Cardiology
- 8.5.5. Gastroenterology
- 8.5.6. Neurology
- 8.5.7. Other
- 8.6. Current Market Size (US$ Mn) Analysis and Forecast, By End-use, 2024-2031
- 8.6.1. Hospitals and clinics
- 8.6.2. Diagnostic centers
- 8.6.3. Research institutes
- 8.6.4. Others
- 8.7. Market Attractiveness Analysis
- 9. East Asia Diagnostic Imaging Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 9.1. Key Highlights
- 9.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2023
- 9.2.1. By Country
- 9.2.2. By Product Type
- 9.2.3. By Application
- 9.2.4. By End-use
- 9.3. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 9.4.1. X-Ray Equipment
- 9.4.2. Ultrasound Imaging Systems
- 9.4.3. Nuclear Imaging Systems
- 9.4.4. Magnetic Resonance Imaging (MRI)
- 9.4.5. Computed Tomography (CT) Scanners
- 9.4.6. Others
- 9.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 9.5.1. Gynecology
- 9.5.2. Oncology
- 9.5.3. Orthopedics
- 9.5.4. Cardiology
- 9.5.5. Gastroenterology
- 9.5.6. Neurology
- 9.5.7. Other
- 9.6. Current Market Size (US$ Mn) Analysis and Forecast, By End-use, 2024-2031
- 9.6.1. Hospitals and clinics
- 9.6.2. Diagnostic centers
- 9.6.3. Research institutes
- 9.6.4. Others
- 9.7. Market Attractiveness Analysis
- 10. South Asia & Oceania Diagnostic Imaging Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 10.1. Key Highlights
- 10.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2023
- 10.2.1. By Country
- 10.2.2. By Product Type
- 10.2.3. By Application
- 10.2.4. By End-use
- 10.3. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of South Asia & Oceania
- 10.4. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 10.4.1. X-Ray Equipment
- 10.4.2. Ultrasound Imaging Systems
- 10.4.3. Nuclear Imaging Systems
- 10.4.4. Magnetic Resonance Imaging (MRI)
- 10.4.5. Computed Tomography (CT) Scanners
- 10.4.6. Others
- 10.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 10.5.1. Gynecology
- 10.5.2. Oncology
- 10.5.3. Orthopedics
- 10.5.4. Cardiology
- 10.5.5. Gastroenterology
- 10.5.6. Neurology
- 10.5.7. Other
- 10.6. Current Market Size (US$ Mn) Analysis and Forecast, By End-use, 2024-2031
- 10.6.1. Hospitals and clinics
- 10.6.2. Diagnostic centers
- 10.6.3. Research institutes
- 10.6.4. Others
- 10.7. Market Attractiveness Analysis
- 11. Latin America Diagnostic Imaging Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 11.1. Key Highlights
- 11.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2023
- 11.2.1. By Country
- 11.2.2. By Product Type
- 11.2.3. By Application
- 11.2.4. By End-use
- 11.3. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of Latin America
- 11.4. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 11.4.1. X-Ray Equipment
- 11.4.2. Ultrasound Imaging Systems
- 11.4.3. Nuclear Imaging Systems
- 11.4.4. Magnetic Resonance Imaging (MRI)
- 11.4.5. Computed Tomography (CT) Scanners
- 11.4.6. Others
- 11.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 11.5.1. Gynecology
- 11.5.2. Oncology
- 11.5.3. Orthopedics
- 11.5.4. Cardiology
- 11.5.5. Gastroenterology
- 11.5.6. Neurology
- 11.5.7. Other
- 11.6. Current Market Size (US$ Mn) Analysis and Forecast, By End-use, 2024-2031
- 11.6.1. Hospitals and clinics
- 11.6.2. Diagnostic centers
- 11.6.3. Research institutes
- 11.6.4. Others
- 11.7. Market Attractiveness Analysis
- 12. Middle East & Africa Diagnostic Imaging Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 12.1. Key Highlights
- 12.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2023
- 12.2.1. By Country
- 12.2.2. By Product Type
- 12.2.3. By Application
- 12.2.4. By End-use
- 12.3. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 12.3.1. GCC Countries
- 12.3.2. Egypt
- 12.3.3. South Africa
- 12.3.4. Northern Africa
- 12.3.5. Rest of Middle East & Africa
- 12.4. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Product Type, 2024-2031
- 12.4.1. X-Ray Equipment
- 12.4.2. Ultrasound Imaging Systems
- 12.4.3. Nuclear Imaging Systems
- 12.4.4. Magnetic Resonance Imaging (MRI)
- 12.4.5. Computed Tomography (CT) Scanners
- 12.4.6. Others
- 12.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2024-2031
- 12.5.1. Gynecology
- 12.5.2. Oncology
- 12.5.3. Orthopedics
- 12.5.4. Cardiology
- 12.5.5. Gastroenterology
- 12.5.6. Neurology
- 12.5.7. Other
- 12.6. Current Market Size (US$ Mn) Analysis and Forecast, By End-use, 2024-2031
- 12.6.1. Hospitals and clinics
- 12.6.2. Diagnostic centers
- 12.6.3. Research institutes
- 12.6.4. Others
- 12.7. Market Attractiveness Analysis
- 13. Competition Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. General Electric Company
- 13.3.1.1. Overview
- 13.3.1.2. Segments and Product Types
- 13.3.1.3. Key Financials
- 13.3.1.4. Market Developments
- 13.3.1.5. Market Strategy
- 13.3.2. Hitachi Ltd.
- 13.3.3. Hologic, Inc.
- 13.3.4. Koninklijke Philips N.V.
- 13.3.5. Samsung Medison Co., Ltd.
- 13.3.6. Shimadzu Medical Pvt. Ltd.
- 13.3.7. CANON MEDICAL SYSTEM CORPORATION
- 13.3.8. ESAOTE SPA
- 13.3.9. Allengers
- 13.3.10. CURA Healthcare
- 13.3.11. Neusoft Corporation
- 13.3.12. NP JSC AMICO
- 13.3.13. Shanghai Lianying Medical Technology Co., Ltd.
- 13.3.14. FUJIFILM Corporation
- 13.3.15. Siemens Healthcare Private Limited
- 14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations
Pricing
Currency Rates
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