Medical Imaging Equipment Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: October 23, 2020 |

The global medical imaging equipment market has been projected to grow at the CAGR of 5.5% market during 2020-2027. In 2019, the market has generated the revenue of $ 29.77 billion and now it has been expected to reach up to $ 48.17 billion in terms of revenue by 2025. The medical imaging equipment expected to show significant growth during the forecast period due to rising demand for medical imaging equipment owning to factors such as increasing number of diagnostic imaging centers, technological advancements in diagnostic imaging modalities and increasing incidence of orthopedic, dental and cardiac disorders would drive the growth of medical imaging market globally.

Market Insights:

Medical imaging is process referring to several different technologies that are used to view the human body in order to diagnose, monitor or treat medical conditions. The global medical imaging equipment market is expected to show significant growth during forecast period, due to increasing demand for cost-efficient medical imaging equipment, increasing number of diagnostic imaging centers, growing incidence of various disease and technological advancements in diagnostic imaging modalities are primarily driving the growth of medical imaging market globally. Market is segmented on the basis of product and technology currently, X-ray devices market is largest revenue generating segment due to increase in prevalence of dental, orthopedic and cardiovascular disorders, and rising geriatric population are prime factor driving the demand for X-ray devices market globally. In the base year 2019, North America is anticipated to be the largest regional market due to the early adoption of newer technologies, upsurge funding by the government agencies, and technological advances are driving the growth in North America.

Market Segment Insights:

For the purpose of study global medical imaging equipment market is studied on the basis of type of product such as X-ray devices (stationary and portable X-ray devices), ultrasound systems (cart/trolley based and compact/portable ultrasound systems), computed tomography (CT) scanners (stationary and portable CT scanner), magnetic resonance imaging (MRI) equipment (closed and open MRI equipment) and nuclear imaging equipment (Single Photon Emission Computed Tomography, Scanners and Positron Emission Tomography Scanners). On the other hand, on the basis of technology market is categorized as X-ray technology (Analog X-ray technology, digital radiography, and computed radiography), ultrasound technology (2-D ultrasound imaging technology, 3-D & 4-D Ultrasound Imaging Technology, Doppler Ultrasound Technology, HIFU, Lithotripsy), Computer Tomography (CT) Technology (low-slice CT scanners, medium-slice CT scanners, high-slice scanners), Magnetic Resonance Imaging (MRI) Technology (high, medium and low field MRI) and Nuclear Imaging Technology (Single Photon Emission Computed Tomography (SPECT) Scanners and Positron Emission Tomography (PET) Scanners).

Global Medical Imaging Equipment Market Segmentation:

By Product Type, 2018–2027 ($ Billion)

  • Overview
  • X-ray Devices
  • Ultrasound Systems
    • Cart/Trolley Based Ultrasound Systems
    • Compact/Portable Ultrasound Systems
  • Computer Tomography (CT) Scanners
    • Stationary CT Scanners
    • Portable CT Scanners
  • Magnetic Resonance Imaging (MRI) Equipment
    • Closed MRI Equipment
    • Open MRI Equipment
  • Nuclear Imaging Equipment
    • Single Photon Emission Computed Tomography (SPECT) Scanners
    • Positron Emission Tomography (PET) Scanners

By Technology, 2018–2027 ($ Billion)  

  • Overview
    • X-ray Devices
    • Analog X-ray Technology
    • Digital Radiography (DR)
    • Computed Radiography (CR)
  • Ultrasound Systems
    • Ultrasound Imaging Technology
    • 3-D & 4-D Ultrasound Imaging Technology
    • Doppler Ultrasound Technology
    • HIFU
  • Lithotripsy
  • Computer Tomography (CT) Scanners
    • Low-Slice CT Scanners (Medium-Slice CT Scanners (64 Slices)
    • High-Slice Scanners (>64 Slices)
  • Magnetic Resonance Imaging (MRI) Equipment
    • High-Field MRI
    • Mid-Field MRI
    • Low-Field MRI
  • Nuclear Imaging Equipment
    • Single Photon Emission Computed Tomography (SPECT)
    • Positron Emission Tomography (PET)

By Geography, 2018-2027 ($Billion)

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Regional Insights:

Among the considered regional markets, North America followed by Europe is currently dominating the global medical imaging equipment market with United Sates being the largest county-level market because early adoption of new technologies, upsurge funding by the government agencies and higher investment in research and development are driving the market growth in United States. On the other hand, Asia Pacific anticipated to show highest CAGR during forecast period 2020-2027 due to factors such as developing healthcare infrastructure, increasing healthcare awareness and the rising adaptation of non-ionizing imaging modalities such as optical and ultrasound systems would drive the market growth in Asia Pacific region.

Market Competition Assessment:

The major players currently operating in the global medical imaging equipment market include Carestream Health, Inc., Fonar Corporation, Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Corporation, Hologic, Inc., Philips Healthcare.

List of Key Companies:

  • Carestream Health, Inc.
  • Fonar Corporation
  • Fujifilm Holdings Corporation
  • GE Healthcare
  • Hitachi Medical Corporation
  • Hologic, Inc.
  • Philips Healthcare
  • Samsung Medison Co. Ltd.
  • Shimadzu Corporation
  • Siemens Healthcare
  • Toshiba Corporation

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Key Questions Answered by Medical Imaging Equipments Market Report

  • Global medical imaging equipments market forecasts from 2020-2027
  • Regional medical imaging equipments market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
  • Medical Imaging Equipments submarket forecasts from 2020-2027 covering the market by product type, by technology, and geography
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to medical imaging equipments market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country level medical imaging equipments markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the medical imaging equipments market

(Reports will be updated due to COVID-19 impacts on the market)

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Table of Content:


1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions
2. Executive Summary
2.1. Global Medical Imaging Equipment Market Portraiture
2.2. Global Medical Imaging Equipment Market, by Product, 2019 ($ Billion)
2.3. Global Medical Imaging Equipment Market, by Technology, 2019 ($ Billion)
2.4. Global Medical Imaging Equipment Market, by Geography, 2019 (Value %)
3. Global Medical Imaging Equipment Market Analysis
3.1. Global Medical Imaging Equipment Market Overview
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Challenges
3.2.3. Opportunities
3.3. Attractive Investment Proposition, 2019
3.4. Competitive Landscape Assessment, by Key Market Players
4. Global Medical Imaging Equipment Market, by Product, 2018–2027 ($ Billion)
4.1. X-ray Devices
4.1.1. Stationary X-Ray Devices
4.1.2. Portable X-Ray Devices
4.2. Ultrasound Systems
4.2.1. Cart/Trolley Based Ultrasound Systems
4.2.2. Compact/Portable Ultrasound Systems
4.3. Computer Tomography (CT) Scanners
4.3.1. Stationary CT Scanners
4.3.2. Portable CT Scanners
4.4. Magnetic Resonance Imaging (MRI) Equipment
4.4.1. Closed MRI Equipment
4.4.2. Open MRI Equipment
4.5. Nuclear Imaging Equipment
4.5.1. Single Photon Emission Computed Tomography (SPECT) Scanners
4.5.2. Positron Emission Tomography (PET) Scanners
5. Global Medical Imaging Equipment Market, by Technology, 2018–2027 ($ Billion)
5.1. Overview
5.1.1. X-ray Devices
5.1.2. Analog X-ray Technology
5.1.3. Digital Radiography (DR)
5.1.4. Computed Radiography (CR)
5.2. Ultrasound Systems
5.2.1. Ultrasound Imaging Technology
5.2.2. 3-D & 4-D Ultrasound Imaging Technology
5.2.3. Doppler Ultrasound Technology
5.2.4. HIFU
5.3. Lithotripsy
5.4. Computer Tomography (CT) Scanners
5.4.1. Low-Slice CT Scanners (Medium-Slice CT Scanners (64 Slices)
5.4.2. High-Slice Scanners (>64 Slices)
5.5. Magnetic Resonance Imaging (MRI) Equipment
5.5.1. High-Field MRI
5.5.2. Mid-Field MRI
5.5.3. Low-Field MRI
5.6. Nuclear Imaging Equipment
5.6.1. Single Photon Emission Computed Tomography (SPECT)
5.6.2. Positron Emission Tomography (PET)
6. Global Medical Imaging Equipment Market, by Geography, 2018-2027 ($ Billion)
6.1. North America
6.1.1. U.S.
6.1.2. Canada
6.2. Europe
6.2.1. U.K.
6.2.2. Germany
6.2.3. France
6.2.4. Rest of Europe
6.3. Asia Pacific
6.3.1. Japan
6.3.2. China
6.3.3. Rest of Asia Pacific
6.4. Latin America (LATAM)
6.4.1. Brazil
6.4.2. Mexico
6.4.3. Rest of Latin America
6.5. Middle East and Africa (MEA)
7. Company Profiles
7.1. Carestream Health, Inc.
7.2. Fonar Corporation
7.3. Fujifilm Holdings Corporation
7.4. GE Healthcare
7.5. Hitachi Medical Corporation
7.6. Hologic Inc.
7.7. Philips Healthcare
7.8. Samsung Medison Co. Ltd.
7.9. Shimadzu Corporation
7.10. Siemens Healthcare
7.11. Toshiba Corporation
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