Diagnostic Imaging Market Research Reports

Diagnostic Imaging Market

Diagnostic imaging is the technique used to generate images of the human body, or its parts and functions, for diagnostic (detection o... view more

Diagnostic Imaging Market

Diagnostic imaging is the technique used to generate images of the human body, or its parts and functions, for diagnostic (detection of diseases) and clinical purposes (to examine diseases). It is clearly an indispensable part of the medical devices market, owing to its vast applicability in a variety of fields including radiology, investigative radiological sciences, nuclear medicine, endoscopy, medical photography, microscopy, etc. Measurement and recording techniques like magnetoencephalography (MEG), electroencephalography (EEG), electrocardiography (ECG), which are not essentially planned to produce images, but produce data that is represented as maps can also be seen as forms of diagnostic imaging.

The market for diagnostic imaging devices can be categorized into the following major segments- Ultrasound (Ultrasound Imaging/Scanning), X-ray, Computed Tomography (CT), Positron Emission Tomography (PET), Magnetic Resonance Imaging (MRI), Radiology Information System (RIS), Nuclear Imaging, Mammography, and Fluoroscopy. X-ray imaging, the most extensively used imaging procedure globally, forms the largest market segment followed by ultrasound, MRI, and CT. Besides these, many other industry sub-segments such as the contrast agents market and Picture Archiving and Communication Systems (PACS) market, have seen momentous growth in recent years. These diagnostic systems generate large volumes of data, and this has created demand for systems providing efficient data storage, 3D visualization, and analysis. In light of the rising demand for imaging systems that feature higher resolution and a variety of advanced features, the market for systems such as PACS is expected to grow considerably in the near future.

The US is the existing leader in the diagnostic imaging market, and has spent maximum resources into the sector over the past few decades. The next biggest regional market for the imaging industry is Europe, where rapid technological developments have generated extremely advanced and sophisticated devices for medical and diagnostic imaging. But, it has been observed that the market is witnessing maturity in regions such as the US and Japan, while it is growing tremendously for advanced equipments such as MRI, PET, and PACS/RIS in developing countries of Europe and Asia-Pacific regions. It is anticipated that certain factors like urbanization, rapidly developing technology, ageing population, and the ongoing healthcare reforms, will play a key role in the progress of this industry in the coming years.

The market shows an increasing trend towards consolidation. Also, there is stiff competition amongst the leading companies, particularly with respect to pricing of these devices. Major market players include Analogic Corporation, Bio-Imaging Research Inc., Bio-Rad Laboratories Inc., Canon USA Inc., CareStream Health Inc., DEL Medical Systems, Fujifilm Medical Systems Inc., GE Healthcare, Hitachi Medical Systems America Inc., Johnson & Johnson Medical Inc., Philips Medical Systems, and Siemens Medical Solutions Inc.