Medical Imaging Equipment Market

Medical Imaging Equipment Market Size, Share, Growth Analysis, By Type(MRI Equipment, CT Equipment, X-ray Equipment, Ultrasound), By Application(Cardiology, Neurology, Orthopedics, Gynecology), By End User(Hospitals, Specialty Clinics, Diagnostic Imaging Centers, Others), By Regions(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG35E2005 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Medical Imaging Equipment Market Insights

Market Overview:

The market size of the global medical imaging industry was USD 36.19 billion in 2020, and it is expected to increase from USD 37.97 billion in 2021 to USD 56.53 billion by 2028, showing a CAGR of 5.8% during the 2021-2028 period. The COVID-19 pandemic had an unprecedented and significant impact on the market, leading to negative demand in all regions. Our analysis indicates that the global market experienced a decline of -1.3% in 2020 compared to the average year-on-year growth between 2017-2019. However, the sudden increase in CAGR is due to market growth and demand, which is expected to return to pre-pandemic levels after the pandemic ends.

Medical Imaging Equipment Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Facilities by segment aggregation, the contribution of the Health Care Facilities in Health Care Equipment & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Medical Imaging Equipment was estimated to be valued at US$ XX Mn in 2021.

The Medical Imaging Equipment Market is estimated to grow at a CAGR of XX% by 2028.

The Medical Imaging Equipment Market is segmented on the basis of Type, Application, End User, Regions.

Based on region, the Medical Imaging Equipment Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Medical Imaging Equipment Market are GENERAL ELECTRIC COMPANY (Massachusetts, U.S.), Hitachi, Ltd. (Tokyo, Japan), Shimadzu Corporation (Kyoto, Japan), Siemens Healthcare GmbH (Erlangen, Germany), Koninklijke Philips N.V. (Amsterdam, Netherlands), Hologic, Inc. (Massachusetts, U.S.), Samsung (Seoul, South Korea), Fujifilm Holdings Corporation (Tokyo, Japan).

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Medical Imaging Equipment Market

Report ID: UCMIG35E2005

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