Product ID: UCMIG35E2005
Medical Imaging Equipment Market Size, Share, Growth Analysis, By Type(MRI Equipment, CT Equipment), By Application(Cardiology, Neurology), By End User(Hospitals, Specialty Clinics), By Regions(North America, Europe) - 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
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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.
Medical Imaging Equipment Market Report Snapshots
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