Medical Imaging Market: Evolving Role of Imaging Technologies that boosts the Growth of Healthcare Industry

Medical/Diagnostic Imaging Market is expected to garner $45.0 billion by 2022, registering a CAGR of 5.1% during the period 2015-2022. X-ray imaging systems are expected to continue to be the highest revenue-generating segment throughout the forecast period. North America accounted for around one-third of the market share in 2015, and is expected to dominate the overall market during the study period.

The cardiovascular and thoracic disease application segment is projected to maintain its lead throughout the analysis period owing to increase in the number of medical imaging services and technological advancements. In addition, technological innovations in the imaging industry have facilitated the development of cost-effective and smaller point-of-care ultrasound systems for cardiac evaluation. Mammography systems has emerged as the fastest growing segment, registering a CAGR of 8.3%, in terms of revenue, during the forecast period. Innovation and digitalization of mammography devices are the major factors contributing to this segments growth.

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Geographically, the Asia-Pacific region accounted for the majority of the share in the medical/diagnostic imaging market in 2015, and is expected to maintain this lead throughout the forecast period. This is mainly attributed to the improving healthcare infrastructure and healthcare expenditures in the emerging markets (such as India and China) to overcome the unmet medical needs in these countries. However, LAMEA is projected to be the fastest growing region throughout the analysis period.Increasing incidence of chronic disorders (such as heart disease, cancer, and diabetes) and rapidly growing geriatric population drive the LAMEA medical/diagnostic imaging market.

Key Findings of Medical/Diagnostic Imaging Market:

• The mammography systems segment is expected to grow at a remarkable CAGR of 8.3%, owing to the innovation and digitalization of mammography devices.

• China and Japan are the major shareholders in the Asia-Pacific region, jointly accounting for more than 50% share of the Asia-Pacific medical imaging market.

• Asia-Pacific accounted for about one-third share of the medical imaging market in 2015.

• The cardiovascular and thoracic application segment is projected to maintain its lead in the market until 2022.

• In 2015, X-ray imaging systems was the highest revenue-generating segment, accounting more than one-fourth of the overall market revenue, and is projected to grow at a CAGR of 3.7% during the forecast period.

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Key players:

• Philips Healthcare
• Hitachi Medical Corporation
• Hologic
• Siemens Healthcare
• Samsung Medison
• Shimadzu Corporation
• Toshiba Medical Systems Corporation
• Esaote S.P.A
• Fujifilm Corporation

List of Figures

FIG. 1 IMPACT ANALYSIS OF MODERATE GROWTH SCENARIO (2022-2027)
FIG. 2 IMPACT ANALYSIS OF RAPID GROWTH SCENARIO (2022-2027)
FIG. 3 IMPACT ANALYSIS OF DIMINISHING GROWTH SCENARIO (2020-2027)
FIG. 4 TOP INVESTMENT POCKETS IN WORLD MEDICAL IMAGING MARKET
FIG. 5 TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION
FIG. 6 TOP WINNING STRATEGIES: NATURE AND TYPE
FIG. 7 PORTERS FIVE FORCES ANALYSIS
FIG. 8 MARKET SHARE ANALYSIS, 2015
FIG. 9 TOP FACTORS IMPACTING WORLD MEDICAL IMAGING MARKET (20152022)
FIG. 10 WORLD ULTRASOUND IMAGING SYSTEMS MARKET, BY 2D IMAGING SYSTEMS, 2015-2022 ($MILLION)
FIG. 11 WORLD ULTRASOUND IMAGING SYSTEMS MARKET, BY 3D & 4D IMAGING SYSTEMS, 2015-2022 ($MILLION)
FIG. 12 WORLD ULTRASOUND IMAGING SYSTEMS MARKET, BY DOPPLER IMAGING SYSTEMS, 2015-2022 ($MILLION)
FIG. 13 WORLD ULTRASOUND IMAGING SYSTEMS MARKET, BY HIFU, 2015-2022 ($MILLION)
FIG. 14 WORLD ULTRASOUND IMAGING SYSTEMS MARKET, BY ESWL, 2015-2022 ($MILLION)
FIG. 15 U.S. MEDICAL IMAGING MARKET REVENUE, 2015-2022 ($MILLION)
FIG. 16 CANADA MEDICAL IMAGING MARKET REVENUE, 2015-2022 ($MILLION)

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