Published Date : 27 Jun 2022
In 2021, the global diagnostic imaging market was valued at USD 19.18 billion and it is expected to worth around US$ 34.04 billion by 2030 with a growing CAGR of 6.6% from 2022 to 2030.
The wide range of products are used as diagnostic imaging. Those images are magnetic resonance imaging, x-ray, ultrasound, nuclear imaging, and tomography. The diagnostic imaging devices and gadgets are applicable in the diagnostics and treatment of various disorders such as orthopedics, oncology, cardiology, neurology, and gynecology.
One of the primary reasons for the growth of the global diagnostic imaging market is technological advancements and developments with innovations. Nowadays, the key market players have started adopting and accepting technologies such as blockchain, artificial intelligence, and robotics for the development of diagnostic imaging devices. The new product launch has created growth opportunities for diagnostic imaging market. The diagnostic imaging market is also developing due to increase in healthcare expenditure. The government are highly investing in the product launch of diagnostic imaging devices. This has also created lucrative opportunities for the expansion of the global diagnostic imaging market during the forecast period.
Another factor driving the growth of the global diagnostic imaging market is rising government initiatives for the growth and development of the global diagnostic imaging market. The government of developed regions such as Europe and North America are heavily investing in research and development activities in the healthcare sector. Thus, all these aforementioned factors are boosting the market growth.
Scope of the Report
|Market Size in 2021||USD 19.18 Billion|
|Revenue Forecast by 2030||USD 34.04 Billion|
|CAGR||6.6% from 2022 to 2030|
|Key Players||GE Healthcare, Philips Healthcare, Hitachi Medical Corporation, Hologic, Inc., Siemens Healthcare, Samsung Medison, Shimadzu Corporation, Toshiba Medical Systems Corporation, Esaote S.P.A, Fujifilm Corporation|
Future of Diagnostic Imaging Market
The diagnostic imaging device is an integral part of the medical devices sector. The surge in demand for diagnostic imaging devices is due to growing geriatric population. The geriatric people suffer from wide range of disorders. The most frequent and common diseases are chronic diseases and infectious diseases. The old people sometimes also suffer from neurological disorders. This kind of disorders need quick treatment and diagnosis. The surgical procedures and operations require devices that are accurate and precise in nature. In addition, the geriatric population also face issues such as cardiovascular diseases, arthritis, and diabetes. Thus, this drives the need and demand for enhanced healthcare solutions. As a result, the global diagnostic imaging market is anticipated to expand at a rapid pace in the near future.
COVID-19 Impact Analysis:
Key Developments in the Marketplace:
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