04-Jul-2019

Medical Digital Imaging Devices Market is Anticipated to Grow at a CAGR 7.1% During the Forecast Period 2017-2024

Global Medical Digital Imaging Devices Market value of USD 12.9 billion in 2017 and is projected to register a CAGR of 7.1% over the forecast period.

The Global Medical Digital Imaging Devices Market studies the overall dynamics and trends of the market in terms of various segments and regional outlook for the period of 2017 to 2024. The report offers of historic and future market scenario in terms of market value, share and critical developments taking place in the industry. Market size, forecast, trends of each country and region are studied in the report for the focus period of 2017 to 2024.

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Qualitative assessment tools such as PEST analysis, cost structure analysis and regulatory compliance for pharmaceutical products are offered in the report. The report also comprises Pipeline Analysis which helps understand the comprehensive forecast scenario of the market in terms of value and dynamics. The report analyses the recent drug approval trends and market dynamics such as drivers, restrains, and opportunities, industry trends and future outlook in the Global Medical Digital Imaging Devices Market.

The report represents key players operating in the market along with its competitive landscape. The competitive landscape includes player positioning analysis, competitive matrix and market share analysis of the key players operating in the industry. The market attractive index highlights the most lucrative regional market to invest in the market.

The market is studied for regions such as North America (U.S., and Canada), Europe (U.K., Germany, France, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East amp; Africa (GCC, South Africa, and Rest of Middle East amp; Africa).

Key Takeaways:

What is the market size in 2018 and the growth rate of the Global Medical Digital Imaging Devices Market?

What is the market drivers, restrains, opportunities governing the Global Medical Digital Imaging Devices Market?

Which are the largest and the fastest growing segments in the Global Medical Digital Imaging Devices Market?

Who are the key players operating in the market and their market position?

What is the pipeline scenario, drug pricing analysis and technological development in the market?

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Global Medical Digital Imaging Devices Market Research Report Information by Type (X-Ray, Ultrasound, Nuclear Imaging, MRI), Technology (2D, B/Color, 3D/4D), End User (Hospitals, Clinics, Diagnostic Centers and others) and Region - Forecast till 2024

Market Scenario

The Global Medical Digital Imaging Devices Market is expected to grow significantly over the forecast period. The market held a market value of USD 12.9 billion in 2017 and is projected to register a CAGR of 7.1% over the forecast period. Medical digital imaging devices are devices used to image the body to obtain a correct diagnosis and determine future care. The growing demand for medical digital imaging devices is due to factors such as increasing incidence and prevalence of chronic diseases across the globe, technological advancements in the imaging systems, growing government investments for modernization of imaging facilities, and the rising number of diagnostic imaging centers are driving the market growth of diagnostic imaging. However, the high cost of diagnostic imaging systems, technological limitations associated with standalone systems, and unfavorable healthcare reforms in the US are the key factors limiting the growth of the market.

Segmentation

The Global Medical Digital Imaging Devices Market has been segmented into type, technology, and end user.

By type, the market has been segmented into X-ray, Computed Tomography, Ultrasound, MRI and Nuclear Imaging. The X-ray segment is expected to register the highest CAGR during the forecast period due to technological advancements.

On the basis of technology, the market has been segmented into 2D, B/W, Color, and 3D/4D.

The market, by end user, has been segmented into hospitals amp; clinics, diagnostic center, and others.

The global medical digital imaging devices market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East amp; Africa. The medical digital imaging devices market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.

The European medical digital imaging devices market has been segmented into Western Europe and Eastern Europe. The Western Europe medical digital imaging devices market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The medical digital imaging devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The medical digital imaging devices market in the Middle East amp; Africa has been segmented into the Middle East and Africa.

Company Profiles
Koninklijke Philips N.V.
GE Healthcare
Siemens Healthineers
Esaote SPA
Canon Medical Systems Corporation
Hologic
Hitachi
Shimadzu

Regional Market

The Americas is the market leader and has an attractive market for medical digital imaging devices owing to the increasing prevalence of cardiovascular, neurological and ophthalmic disorders pertaining to rising geriatric population which is a major trigger factor. For instance, according to the US Census Bureau, in 2016, around 49.2 million residents were aged 65 and above. This huge older population led to over 15.2% of the total population which is likely to drive the market. Furthermore, the Americas is witnessing rampant advancements in technology, and increasing government initiatives, and funding for research in the medical devices sector is driving the market growth.

Europe accounts for the second largest market and holds a healthy share in the global medical digital imaging devices market due to major driving factors like availability of advanced treatment facilities, increasing healthcare expenditure, and flourishing medical device industry due to the presence of major market players. Additionally, the rising prevalence of chronic disorders such as cardiovascular disorders, neurological disorders, among other disorders is driving the growth of the market.

Asia-Pacific is expected to be the fastest growing market, owing to the huge patient pool, a faster adaptation of healthcare technology, government initiatives to increase the healthcare quality, and availability of favorable insurance policies. Moreover, due to lower cost of clinical trials, research key players have been setting up their regional headquarters and manufacturing plants in Singapore, China, Japan, Korea, and Australia which make a positive growth curve in medical digital imaging devices market in future.

The Middle East amp; Africa is expected to show the least growth in the market due to some major factors such as lack of awareness, limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates and Saudi Arabia is the largest market share owing to the development of the healthcare industry and the rising availability of specialty care centers.

Global Medical Digital Imaging Devices Market, by Type
X-ray
Computed Tomography
Ultrasound
MRI
Nuclear Imaging

Global Medical Digital Imaging Devices Market, by Technology
2D
B/W
Color
3D/4D

Global Medical Digital Imaging Devices Market, by End User
Hospitals amp; Clinics
Diagnostic Center
Others

Global Medical Digital Imaging Devices Market, by Region
Americas
North America
US
Canada
Latin America
Europe
Western Europe
Germany
France
Italy
Spain
UK
Rest of Western Europe
Eastern Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
The Middle East amp; Africa
Middle East
Africa

Intended Audience
Medical device manufacturer
Channel partners
Industry association
Governments and investment communities
Research organizations and associations
Healthcare industry

Table Of Contents

Medical Digital Imaging Devices Market Research Report - Global Forecast till 2024

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Detection Technique Trends amp; Assessment

Chapter 5. Market Factor Analysis

5.1 Porterrsquo;s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Medical Digital Imaging Devices Market, By Type

6.1 Introduction

6.2 X-Ray

Market Estimates amp; Forecast, By Region, 2019ndash;2024