Global Medical Imaging Instrument Market by Type (X-ray devices, Magnetic resonance imaging (MRI) equipment/ instruments, Computed tomography (CT) scanners, Ultrasound systems, Nuclear imaging equipment/ instruments), By Application (Clinic, Hospital, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Medical Imaging Instrument Market size is expected to grow from USD 81.6 billion in 2017 to USD 108.5 billion by 2028, at a CAGR of 5.8% during the forecast period.  The major factors driving this growth are the increased adoption of advanced and sophisticated technologies among physicians for diagnosis purposes and the rising number of an aging population with increasing life expectancy coupled with an increase in the prevalence of chronic diseases across the globe.

Medical Imaging Instrument is used for the purpose of making an image or a picture of internal body organs. Medical Imaging instruments are designed to produce high-quality images by enabling physicians and surgeons to view the inside structures with minimal interference from outside objects such as light, radiation, etc. Medical imaging instruments can be divided into two categories: diagnostic (or X-ray) devices in radiology; Nuclear medical equipment/instruments, Ultrasound systems, Computed tomography (CT) scanners, and Magnetic resonance imaging (MRI) equipment/instruments in the radiology section.

On the basis of Types, the market is segmented into X-ray Devices, Magnetic Resonance Imaging (MRI) Instruments, Computed Tomography (CT) Scanners, Ultrasound Systems, Nuclear Imaging Instruments.

X-ray Devices:

X-ray devices are one of the most common types of medical imaging equipment. X-rays allow physicians to see through various parts of a person’s body in order to identify abnormalities, such as broken bones or clots behind blood vessels. It is also used for producing diagnostic images and films, which can be stored digitally on computer disks, transmitted electronically, or copied onto film.

The global x-ray device market has grown exponentially over the past few years due to advancements made by technology companies that have led them into creating new products with enhanced features promising better patient care experience and service quality. The latest advancement trends include lower radiation exposure levels thereby preventing the burden of ionizing radiation to patients with weak immune systems.

Magnetic Resonance Imaging (MRI) Instruments:

MRI instruments are medical imaging devices that use the magnetic resonance of atomic nuclei to generate a three-dimensional image of the human body. MRI is one type of diagnostic tool, which helps physicians in diagnosing problems with soft tissue and bone as well as organs like the brain, heart, or lungs. Electromagnetic waves such as X-rays, CT scans, or ultrasound may be used to detect abnormalities in these structures but they cannot provide detailed images as MRIs can.

Computed Tomography (CT) Scanners:

The Computed Tomography (CT) Scanner is a device used to create cross-sectional or three-dimensional images of the inside of an object. This technique has been in use for more than 50 years and relies on obtaining multiple two-dimensional X-ray image projections from various angles, which are then compiled into a contiguous three-dimensional volume that represents a physical space.

Ultrasound Systems:

An ultrasound system is a device that uses high-frequency sound waves to create images of structures inside the body or examine blood flow. Ultrasound systems are used in medical imaging to diagnose injuries, such as broken bones or internal bleeding.

Some of the other uses include: examine blood flow and evaluate organs during pregnancy; determining if a woman is pregnant before an examination with an X-ray machine; examining airways and lungs for possible cancerous lesions; locating kidney stones by passing sound waves through the upper abdomen. Ultrasound can also be used to find abnormalities in unborn babies that may lead doctors to recommend an amniocentesis.

Nuclear Imaging Instruments:

Nuclear imaging instruments are a type of medical device that uses radioactive compounds called radiopharmaceuticals or radionuclides to diagnose and treat many health conditions. The most common nuclear imaging technique is the use of X-rays for viewing internal structures, such as bones, intestines, blood vessels, and heart valves inside the human body.

Nuclear medicine equipment can also be used in some cases to examine functioning organs like the gallbladder or thyroid gland. Imaging by means of gamma rays from computer tomography (CT) scanners has similar diagnostic capabilities but different anatomical detail than with nuclear imaging techniques including PET scans (positron emission tomography).

On the basis of Application, the market is segmented into Clinics, Hospitals and Others including research institutes such as pharmaceutical companies or academic institutions for medical use only). This will be changing over time to include an increasing proportion from healthcare centers which are expected to reach 58% during 2028 due to increased demand for healthcare and rising spending on medical care.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to be the largest in terms of revenue. The growth is attributed to factors such as increasing aging population, rise in prevalence rate for obesity and diabetes, higher adoption rates among hospitals due to technological advancements which have led to improved diagnostic capabilities

The Asia Pacific market is expected to grow at a faster rate. The growth is attributed to factors such as rapid economic development in emerging economies, increasing per capita income of the population, and higher healthcare expenditure.

The European market is expected to grow at a moderate rate. The growth is attributed due factors such as the increasing aging population, steady increase in healthcare expenditure, and technological advancements

The Middle East & Africa market is anticipated to register the highest CAGR during the forecast period 2021-2028. Factors driving this region's market include growing awareness about diseases among people, rising government investment in medical infrastructure including hospitals and diagnostic centers which help diagnose patients with cancer

Growth Factors For The Global Medical Imaging Instrument Market:

• The increasing incidence of chronic diseases, such as cancer and cardiovascular disease among others coupled with an aging population has increased the need for diagnostic imaging instruments.
• An increase in government spending on public health care programs drives demand to improve healthcare infrastructure through investments in medical equipment & technologies.
• The growing adoption of telemedicine across emerging markets is expected to drive market growth over the forecast period.

Up Market Research published a new report titled “Medical Imaging Instrument Market research report which is segmented by Types (X-ray devices, Magnetic resonance imaging (MRI) equipment/ instruments, Computed tomography (CT) scanners, Ultrasound systems, Nuclear imaging equipment/ instruments), By Applications (Clinic, Hospital, Others), By Players/Companies Advanced Imaging Research, Analogic Corp., Carestream Health, Esaote SpA, Fonar Corp, Fujifilm Medical Systems, Gamma Medica, GE Healthcare, Hitachi Medical Systems, Hologic, Mobisante, Philips Healthcare, Samsung Electronics, Shimadzu Corp., Siemens Healthcare, Swissray Medical, Toshiba America Medical Systems, Varian Medical Systems, Zonare Medical Systems”. 

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Medical Imaging Instrument Market Report Segments:

The market is segmented by Type X-ray devices, Magnetic resonance imaging (MRI) equipment/ instruments, Computed tomography (CT) scanners, Ultrasound systems, Nuclear imaging equipment/ instruments and By Application Clinic, Hospital, Others.

Some of the companies that are profiled in this report are:

1. Advanced Imaging Research
2. Analogic Corp.
3. Carestream Health
4. Esaote SpA
5. Fonar Corp
6. Fujifilm Medical Systems
7. Gamma Medica
8. GE Healthcare
9. Hitachi Medical Systems
10. Hologic
11. Mobisante
12. Philips Healthcare
13. Samsung Electronics
14. Shimadzu Corp.
15. Siemens Healthcare
16. Swissray Medical
17. Toshiba America Medical Systems
18. Varian Medical Systems
19. Zonare Medical Systems

Medical Imaging Instrument Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Medical Imaging Instrument Market

Overview of the regional outlook of the Medical Imaging Instrument Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Medical Imaging Instrument Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Medical Imaging Instrument Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. X-ray devices

                2. Magnetic resonance imaging (MRI) equipment/ instruments

                3. Computed tomography (CT) scanners

                4. Ultrasound systems

                5. Nuclear imaging equipment/ instruments

                1. Clinic

                2. Hospital

                3. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Medical Imaging Instrument Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Medical Imaging Instrument Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.