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Diagnostic Imaging Equipment Market : Global Demand Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Diagnostic Imaging Equipment Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Medical imaging is the technique or process of creating visual illustrations of the inner body for clinical examination and medical interpolation, along with visual representation of the function of certain organs or tissues.

The global diagnostic imaging equipment market is anticipated to reach USD 37,925 Million by 2021 projecting a compound annual growth rate (CAGR) 6.7% during the forecast period 2015-2021.

Market Size and Forecast

Presently, North America has the largest share in the global diagnostic imaging equipment market owing to growing demand for innovative technologies like 3D, 4D & mobile scanner. In North America, the U.S. is estimated to rise 6.5% annually to reach USD 35.9 Billion in 2021.

Globally, the Asian and Latin American countries are projected to showcase the rapid growth in global diagnostic imaging equipment markets in coming years. On the back of rising government initiatives in the region like encourage health insurance, adding better technologies and related equipment in the government and private hospitals to allow the demand for diagnostic imaging devices to expand dramatically. CLICK TO DOWNLOAD SAMPLE REPORT

Market Segmentation

By Product

On the basis of product, the global diagnostic imaging equipment market is segmented as follows:

  • Computed Tomography (CT) scanners
  • Nuclear Imaging (NI) equipment
  • Magnetic Resonance Imaging (MRI) systems
  • Ultrasound scanners and
  • X-ray Devices
  • Others

By End User

On the basis of end user, the global diagnostic imaging equipment market can be segregated as mentioned below:

  • Hospitals
  • Private Diagnostic Laboratories
  • Research Laboratories

By Region

On the basis of region, the global diagnostic imaging equipment market is segmented as follows:

  • North America
  • Latin America
  • Western And Eastern Europe
  • Asia-Pacific
  • Middle East and Africa (MEA)
  • Row (Rest Of World)

Growth Drivers and challenges

Increasing diseases epidemics across the globe, rising awareness about timely disease diagnosis and growing expenditure in healthcare sector, technological advancements coupled with expanded government initiatives across the globe and spending on healthcare services are some of the growth drivers for the global diagnostic imaging equipment market.

High cost involved in diagnostic procedures through imaging systems and hazards caused due to exposure to harmful rays etc. are posing a threat against the global diagnostic imaging equipment market.

Key Players

The key players of the global diagnostic imaging equipment market are as follows:

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