Medical Imaging Market is expected to reach US$ 33,002.52 million by 2028

by Sameer Joshi or 11-Aug-2021
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Report : Medical Imaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (CT Systems, X-ray Systems, PET Systems, MRI systems, Ultrasound Systems, Others); End User (Urgent Care Centers, OP Centers, Clinicians Offices, Emergency Care Centers), and Geography

Hospitals Segment to Grow Significantly During 2021–2028
According to our latest research study on “Medical Imaging Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product and End User,” the market was valued at US$ 23,901.88 million in 2020 and it is projected to reach US$ 33,002.52 million by 2028; it is expected to grow at a CAGR of 4.3% during 2021–2028. The report highlights trends prevailing in the market and the factors driving and restraining the market growth.
Medical imaging refers to techniques and processes used to create images of various parts of the human body for diagnosis and treatment purposes within digital health. The term, medical imaging, includes various radiological imaging techniques such as X-ray radiography, fluoroscopy, magnetic resonance imaging (MRI), medical ultrasonography or ultrasound, endoscopy, elastography, tactile imaging, thermography, medical photography and nuclear medicine functional imaging techniques—e.g. positron emission tomography (PET). Medical imaging is crucial in every medical setting and at all levels of healthcare. The use of medical imaging helps physicians arrive at more accurate diagnoses and appropriate treatment decisions. Without medical imaging, both diagnosis and treatment in digital health can be very difficult to achieve with any level of accuracy. The factors such as the increasing demand for early disease diagnosis and widening scope of clinical applications, rapidly growing geriatric population and the subsequent increase in the prevalence of associated diseases, technological advancements in diagnostic imaging industry, and increasing investments, funds, and grants by public-private organizations drive the growth of the medical imaging market.
Based on end user, the medical imaging market is segmented into hospitals, OP centers, clinicians’ offices, and emergency care centers. The hospitals segment held the largest share of the market in 2020 and is also estimated to register the highest CAGR in the market during the forecast period.
General Electric Company; Siemens AG; Koninklijke Philips N.V.; SHIMADZU CORPORATION; Hitachi, Ltd.; Canon Inc.; Hologic, Inc.; Carestream Health Inc.; ESAOTE SP; and Samsung Group are among the major companies operating in the global medical imaging market.
The report segments global medical imaging market as follows:
By Product
  • CT Systems
  • X-ray Systems
  • PET Systems
  • MRI Systems
  • Ultrasound Systems
  • Others
By End User
  • Urgent Care Centres
  • OP Centres
  • Clinicians’ Offices
  • Emergency Care Centres
By Geography
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa 
  • South and Central America (SCAM)
    • Brazil
    • Argentina
    • Rest of South and Central America
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