Medical Imaging Systems Market Report
The report on the Global Medical Imaging Systems Market is segmented by Product (X-ray Devices, Computed Tomography Scanners, Magnetic Resonance Imaging Equipment, Ultrasound Imaging Systems, Nuclear Imaging Systems, Others), By Application (Cardiology, Oncology, Gynaecology, Neurology, Other), By End User (Hospitals, Diagnostic Imaging Centers, Others), and Region. It also covers the COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Medical Imaging Systems market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global Medical Imaging Systems Market is segmented by Product (X-ray Devices, Computed Tomography Scanners, Magnetic Resonance Imaging Equipment, Ultrasound Imaging Systems, Nuclear Imaging Systems, Others), By Application (Cardiology, Oncology, Gynaecology, Neurology, Other), By End User...
Impact of COVID-19 on Medical Imaging Systems Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Medical Imaging Systems Market is estimated to grow from USD 20.1 billion in 2020 to USD 27.2 billion by 2026 at a healthy CAGR of 5.2% during the forecast period.
Figure: Global Medical Imaging Systems Market Size, 2020-2026 (USD Billion)
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Medical imaging is defined as a technique that is used to create images of parts of the human body for various treatment and diagnostic purposes. Some of the commonly used medical imaging devices include X-ray devices, computed tomography scanners (CT), magnetic resonance imaging equipment (MRI), ultrasound imaging systems, and nuclear imaging systems among others.
The key players operating in the global Medical Imaging Systems market are-
The global market growth is primarily driven by increased demand for techniques or processes that help to diagnose chronic diseases at an early stage.
Based on end-user, the market has been divided into hospitals, diagnostic imaging centres, and others.
The market in North America accounted for largest share of approximately 30% in 2020 due to presence of key market players such as Analogic Corporation (The U.S) & Carestream Health (The U.S) and high demand for advanced medical imaging systems.
The market in Asia-Pacific region is projected to register healthy growth rate on account of increasing government support to use technologically advanced medical imaging devices for early diagnosis and treatment of diseases.
Amid the covid-19 outbreak, the number of portable x-rays conducted increased due to a surge in covid-19 cases across geographies. Additionally, the demand for imaging devices increased to image patients inside and outside is healthcare facilities. In April, the U.S. Food and Drug Administration (FDA) imposed guidance to provide a policy to expand the capability and availability of various medical imaging systems such as ultrasound, medical X-ray, and magnetic resonance imaging (MRI) systems used to diagnose and monitor medical conditions.
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The following is a list of the customers that the Global Medical Imaging Systems market aims to convert the most:
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The medical imaging systems market is expected to witness an impressive growth of 5.2% CAGR in the coming years.
The medical imaging systems market size is expected to reach USD 27.2 billion in the foreseeable future.
Analogic Corporation (The U.S), Carestream Health (The U.S), Siemens AG (Germany), Canon Medical Systems Corporation (Japan), Esaote S.p.A (Italy), General Electric Company (The U.S), Hitachi Ltd (Japan), FUJIFILM Holdings Corporation (Japan), Medtronic PLC (Ireland), Hologic, Inc. (The U.S), Samsung (South Korea), Koninklijke Philips N.V. (Netherlands) and Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China) are among the key players in the medical imaging systems market.
North America accounted for the largest share of medical imaging systems market in 2020.
The hospitals' segment accounted for the largest share of more than 40% of medical imaging systems market in 2020.
Increased demand for techniques or processes that help to diagnose chronic diseases at an early stage, expanding geriatric populace coupled with increased spending on healthcare, growing emphasis on the inclusion of artificial intelligence and augmented reality in medical imaging devices are the factors driving the growth of medical imaging systems market.
Medical imaging systems distributors, Medical imaging systems suppliers, Medical imaging systems manufacturers, Logistics organizations, Government Bodies are the target audience in the medical imaging systems market.