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
Report Attributes | Report Details |
Report Title | Medical Imaging Instrument Market Research Report |
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 |
By 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 204 |
Number of Tables & Figures | 143 |
Customization Available | Yes, the report can be customized as per your need. |
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:
- 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
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:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Medical Imaging Instrument Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- 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
7. By Application:1. Clinic
2. Hospital
3. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Imaging Instrument Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Imaging Instrument Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Imaging Instrument Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Imaging Instrument Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Imaging Instrument Market Size & Forecast, 2018-2028
4.5.1 Medical Imaging Instrument Market Size and Y-o-Y Growth
4.5.2 Medical Imaging Instrument Market Absolute $ Opportunity
Chapter 5 Global Medical Imaging Instrument Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Imaging Instrument Market Size Forecast by Type
5.2.1 X-ray devices
5.2.2 Magnetic resonance imaging (MRI) equipment/ instruments
5.2.3 Computed tomography (CT) scanners
5.2.4 Ultrasound systems
5.2.5 Nuclear imaging equipment/ instruments
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Imaging Instrument Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Imaging Instrument Market Size Forecast by Applications
6.2.1 Clinic
6.2.2 Hospital
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Imaging Instrument Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Imaging Instrument Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Imaging Instrument Analysis and Forecast
9.1 Introduction
9.2 North America Medical Imaging Instrument Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Imaging Instrument Market Size Forecast by Type
9.6.1 X-ray devices
9.6.2 Magnetic resonance imaging (MRI) equipment/ instruments
9.6.3 Computed tomography (CT) scanners
9.6.4 Ultrasound systems
9.6.5 Nuclear imaging equipment/ instruments
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Imaging Instrument Market Size Forecast by Applications
9.10.1 Clinic
9.10.2 Hospital
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Imaging Instrument Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Imaging Instrument Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Imaging Instrument Market Size Forecast by Type
10.6.1 X-ray devices
10.6.2 Magnetic resonance imaging (MRI) equipment/ instruments
10.6.3 Computed tomography (CT) scanners
10.6.4 Ultrasound systems
10.6.5 Nuclear imaging equipment/ instruments
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Imaging Instrument Market Size Forecast by Applications
10.10.1 Clinic
10.10.2 Hospital
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Imaging Instrument Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Imaging Instrument Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Imaging Instrument Market Size Forecast by Type
11.6.1 X-ray devices
11.6.2 Magnetic resonance imaging (MRI) equipment/ instruments
11.6.3 Computed tomography (CT) scanners
11.6.4 Ultrasound systems
11.6.5 Nuclear imaging equipment/ instruments
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Imaging Instrument Market Size Forecast by Applications
11.10.1 Clinic
11.10.2 Hospital
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Imaging Instrument Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Imaging Instrument Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Imaging Instrument Market Size Forecast by Type
12.6.1 X-ray devices
12.6.2 Magnetic resonance imaging (MRI) equipment/ instruments
12.6.3 Computed tomography (CT) scanners
12.6.4 Ultrasound systems
12.6.5 Nuclear imaging equipment/ instruments
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Imaging Instrument Market Size Forecast by Applications
12.10.1 Clinic
12.10.2 Hospital
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Imaging Instrument Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Imaging Instrument Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Imaging Instrument Market Size Forecast by Type
13.6.1 X-ray devices
13.6.2 Magnetic resonance imaging (MRI) equipment/ instruments
13.6.3 Computed tomography (CT) scanners
13.6.4 Ultrasound systems
13.6.5 Nuclear imaging equipment/ instruments
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Imaging Instrument Market Size Forecast by Applications
13.10.1 Clinic
13.10.2 Hospital
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Imaging Instrument Market: Competitive Dashboard
14.2 Global Medical Imaging Instrument Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Imaging Research
14.3.2 Analogic Corp.
14.3.3 Carestream Health
14.3.4 Esaote SpA
14.3.5 Fonar Corp
14.3.6 Fujifilm Medical Systems
14.3.7 Gamma Medica
14.3.8 GE Healthcare
14.3.9 Hitachi Medical Systems
14.3.10 Hologic
14.3.11 Mobisante
14.3.12 Philips Healthcare
14.3.13 Samsung Electronics
14.3.14 Shimadzu Corp.
14.3.15 Siemens Healthcare
14.3.16 Swissray Medical
14.3.17 Toshiba America Medical Systems
14.3.18 Varian Medical Systems
14.3.19 Zonare Medical Systems