Market Research Future (MRFR) has announced a new release on the global diagnostic imaging market. The report projects the Global Diagnostic Imaging Market Size to exhibit a steady 6.2% CAGR over the forecast period from 2018 to 2023 and provides a detailed look at the internal dynamics of the market, including key growth drivers and restraints, key segments dominating the proceedings in the market, and key players operating in the market and determining the competitive makeup of the market.

Diagnostic imaging is imaging performed for diagnostic purposes. This includes various commonly used technologies such as X-ray, MRI, and ultrasound imaging. Diagnostic imaging serves a vital purpose in the healthcare sector, as it allows physicians to get a closer, precise look at the disease site and come up with better-informed diagnoses. The development of diagnostic imaging has been rapid and progressive over the last few decades, due to the growing awareness about its vital benefits in administering the proper treatment for diseases.

The growing demand for gynecological imaging is likely to be a major driving factor for the diagnostic imaging market over the forecast period. Due to the age of child bearing being pushed back by the present generation and the technological advancement in gynecological technology supporting such efforts, the demand for diagnostic imaging aimed at finding out any possible defects in the pregnancy has grown tremendously. Having a child at a later age reduces the chances of it being born healthy and sound, resulting in a growing demand for diagnostic imaging in order to avoid unforeseen problems.

The growing demand for more accurate imaging in cancer treatment is also likely to be a major driver for the global diagnostic imaging market over the forecast period. The prevalence of cancer has grown rapidly over the last few decades, resulting in a corresponding growth in the treatment avenues for the same. This has led to steady growth of the diagnostic imaging market, as imaging is a crucial part of finding out where the tumor is located and how it is progressing. This is also likely to be a key driver for the global diagnostic imaging market over the forecast period, due to the growing global prevalence of cancer.

Competitive Analysis:

Leading players in the global diagnostic imaging market include Koninklijke Philips NV, Carestream Health, GE Healthcare, Fujifilm Holdings Corporation, Hitachi Medical Systems, Shimadzu Corporation, Hologic Inc., Siemens Healthcare Private Limited, Toshiba Medical Systems Corporation, Esoate SpA, and Canon Medical Systems Corporation.

Segmentation:

The global diagnostic imaging market has been segmented on the basis of product type, application, end user, and region.

On the basis of product type, the global diagnostic imaging market has been classified as x-ray equipment, ultrasound imaging systems, nuclear imaging systems, magnetic resonance imaging (MRI), computed tomography (CT) scanners, and others.

On the basis of application, the global diagnostic imaging market has been divided into gynecology, oncology, orthopedics, cardiology, gastroenterology, neurology, and other applications.

By end user, the global diagnostic imaging market has been segmented into hospitals and clinics, diagnostic centers, research institutes, and others.    

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Regional Analysis:

The global diagnostic imaging market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas and Europe hold dominant shares in the global diagnostic imaging market and are likely to remain the leading regional players in the global market over the forecast period due to the growing technological advancement of diagnostic imaging modalities and the growing prevalence of diseases requiring diagnostic imaging. Both Europe and the Americas account for around one third of the global diagnostic imaging market, with Asia Pacific dominating the Middle East and Africa among other regions.

The growing prevalence of cancer in North America is likely to be a major driver for the diagnostic imaging market in the region. The presence of a highly advanced healthcare sector and constant incorporation of the latest technological advances is also likely to be a major driver for the diagnostic imaging market in North America and Europe over the forecast period.

Asia Pacific is likely to exhibit the fastest growth in the global diagnostic imaging market over the forecast period due to the rapid advancement of the healthcare sector, along with the growing medical tourism sector in a number of Southeast Asian countries.