Diagnostic Imaging Market Trend, Segmentation and Opportunities - Forecast to 2023

Market Synopsis

MRFR (Market Research Future) expects the diagnostic imaging market 2020 to grow at a decent rate of 6.2% from 2018 to 2023 (analysis period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

Top Boosters and Deterrents

Increasing burden of chronic disorders including cardiovascular ailments and cancer, expansion of the elderly population and the frequent advances in technologies have led to introduction of highly innovative diagnostic imaging devices with applications in various surgical procedures. Growing need for better and faster patient outcomes foster the growth of the diagnostic imaging industry, while the fact that it is painless also helps.

As a result, it has emerged as a favored recourse among medical professionals and patients. Also, supportive reimbursement schemes and policies that help avoid extravagant therapeutic treatments and facilitate high savings could also benefit the diagnostic imaging market in the following years.

Amplified demand for innovative and state-of-the-art diagnostic imaging modalities in universities and teaching hospitals for training purposes can also leave a positive impact on the global market. This trend was prevalent primarily in developed nations, but is now gaining traction in developing economies as well. Collaborations between companies could also leave a synergistic impact on the global industry, since these alliances facilitate exchange of advanced technologies that help accelerate product development, while also augmenting market competition. For instance, in November 2020, Ikonopedia launched an advanced Breast MRI Reporting Module that helps boost the radiologists’ efficiency of guiding them via BI-RADS criteria, creating natural-sounding, accurate, descriptions of the lesions. The diagnostic imaging module can also manage artificial intelligence input, to provide accurate breast MRI analysis.

Market Segmentation

Diagnostic imaging market can be dissected with respect to product type, application and end-user.

The various product types considered in the MRFR study are computed tomography (CT) scanners, ultrasound imaging systems, x-ray equipment, magnetic resonance imaging (MRI), nuclear imaging systems, and more.

Applications covered in the report include oncology, gynecology, cardiology, orthopedics, neurology, gastroenterology, and others.

The top market end-users listed in the report are research institutes, diagnostic centers, hospitals and clinics, and others.    

Top Companies

Top market companies analyzed in the MRFR study are Carestream Health, Esoate SpA, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Hitachi Medical Systems, Siemens Healthcare Private Limited, Shimadzu Corporation, Toshiba Medical Systems Corporation, GE Healthcare, Hologic Inc., CANON MEDICAL SYSTEMS CORPORATION, and more

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