0
USD
U.S. (TOLL FREE)
+1 (425) 388-2538
Automative

0
U.S. (TOLL FREE)
+1 (425) 388-2538
Global Medical Imaging Market – Drivers, Opportunities, Trends, and Forecasts: 2018–2024
Published Date: March 2019
|
Report Code: INFO-Othe-023
Home | Category |Health |Medical Facilities & Services |Medical Procedures
Global Medical Imaging Market Forecast to 2024

Global Medical Imaging Market – Drivers, Opportunities, Trends, and Forecasts: 2018–2024

Code: INFO-Othe-023
Report
March 2019
140 Pages
Infoholic Research
Region: Asia Pacific, Europe, Global, North America,
Description
Table of Content
Tables & Figures

Global Medical Imaging Market – Drivers, Opportunities, Trends, and Forecasts: 2018–2024
Overview
Medical Imaging refers to visualizing of human body parts, organs or tissues, which are used for clinical diagnosis and monitor for treatment of various medical conditions. Every technology used as imaging gives a different type of information about the area being diagnosed or examined. Imaging techniques helps radiologist and physicians to offer accurate diagnosis and right treatment that encompass the fields of radiology, optical imaging, nuclear medicine, and interventions. Modern medical imaging is also used in nuclear medicine and using a variety of methods in visualizing the biological processes occurring in cells of organisms. In this, radioactive markers are used for molecular imaging called the radiopharmaceutical.
X-ray based are the primary or the basic methods of medical imaging. It includes three major types: conventional X-ray, computed tomography (CT) and mammography. Contrast agents are used to enhance the X-ray image that are used for angiography examinations.
Imaging systems today have extensive applications in many fields and in medical the use of X-ray medical diagnostic (computer tomography or digital radiography). The design and features of current imaging systems give an optimal use of information contained in X-ray quanta, which have passed through the patients.
Market Scenario
The market has witnessed substantial growth in the past few years due to increase in the acceptance of hybrid technology, multi-modality systems, increase adoption of lower doses of ionizing radiation, increase in demand for healthcare service, active or favorable support by the government, and rise in the prevalence of chronic diseases. Diagnostic imaging is one is one of the major industries in healthcare, which has adapted to constant changes and continuing to grow consistently. Imaging systems today have extensive applications in many fields and in medical the use of X-ray medical diagnostic (computer tomography or digital radiography). The design and features of current imaging systems give an optimal use of information contained in X-ray quanta, which have passed through the patients. There are numerous technologies being driven and it’s hard to provide accurate diagnostic images at lower cost. Therefore, the use of advanced medical imaging systems enables effective and efficient diagnosis.
Most of the leading medical imaging companies focus in developing high quality imaging data for delivering real-time images of that provide assessment of various tissue pathophysiology based on different spectral characteristic of tissue.
Factors such as aging, progressive health condition, hypertension, alcohol consumption, secondary medical conditions such as diabetes depression, cardiovascular, and another serious medical condition. The sales of medical imaging are expected to increase through advancement and technological adoption of multi-modality imaging systems in hospitals.
Key Players:
The market is dominated by Siemens Healthcare, GE Healthcare, Philips Healthcare, Toshiba Medical Systems, Hitachi Medical, and Fujifilm Holdings Corp have the maximum revenue generation in the global medical imaging market.
Market Analysis: The Global Medical Imaging Market is estimated to witness a CAGR of 5.8% during the forecast period 2018–2024. The market is analyzed based on five segments, namely product types, portability, type, end-users, and regions.
Regional Analysis: The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). In North America, the US and Canada are set to be the leading countries owing to the highest number of diagnostic cases in 2017. This region dominates the overall presence of medical imaging and has the most diversified X-ray systems available in the market. It has the highest percentage of elderly population with many individuals with chronic diseases such as CVD, diabetes, obesity, high blood pressure, and other urology related factors. This has attracted most of the customers to sustain and grow over the period and maintain their product presence in the market.
Europe is set to be the second leading region and held more than 25% of the market share in 2017. The market in Europe was largely driven by advances in medical imaging technologies. Factors such as increase in the prevalence of diseases, continuous adaption of advanced technologies, and increase in aging population is driving the market. The countries such as Germany, France, UK, and Italy are the major contributor to the market.
The APAC region is the fastest growing region in the global medical imaging market in 2017.
Competitive Analysis: The global medical imaging market has immense growth opportunities in both developed and developing regions. The market in the developed countries is witnessing an increased adoption of medical imaging systems for high quality imaging, screening and diagnosing due to improved access and encouragement from the government & other healthcare institutions, especially in the US, Canada, France, Germany, and the UK.
The advances in technology and product upgradation will increase the competition among vendors. The market is highly dynamic with the presence of few big players accounting for more than 65% share in the overall market. Siemens Healthcare, GE Healthcare, Philips Healthcare, Toshiba Medical Systems, Hitachi Medical, and Fujifilm Holdings Corp dominated the global Siemens Healthcare, GE Healthcare, Philips Healthcare, Toshiba Medical Systems, Hitachi Medical, and Fujifilm Holdings Corp market in 2017. Other companies like Canon Medical Systems Corporation, Carestream Health, Shimadzu Medical, Hologic, and Esoate SpA have negligible share and compete stronglyl with the leading vendors in the market. The benefits such as safety, high quality images, easy monitoring and analysis of 3D images, obtain high resolution images to show small breast cancers, and combination with multi-imaging systems have increased the demand of medical imaging in the market.
Key competitive facts:
• The market is highly competitive with all the players competing to gain market shares. Intense competition, rapid advancements in technology, frequent changes in government policies, and the prices are key factors that confront the market.
• The requirement of high initial investment, implementation, and maintenance cost in the market are also limiting the entry of new players

Benefits: The report provides complete details about the usage and adoption rate of medical imaging market. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the urology segment in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.

Table of Contents
1 Industry Outlook 11
1.1 Medical Devices Industry 11
1.1.1 Overview 11
1.1.2 Geography 11
1.1.3 Medical technologies 11
1.1.4 Industry Trends 13
1.2 Healthcare Spending in the US 14
1.3 Regulatory Bodies & Standards 14
1.4 Reimbursement Scenario 15
1.5 Emerging Global Markets 16
1.6 Patient Demographics 17
1.7 Medical Imaging 19
1.7.1 Overview 19
1.7.2 Definition: Medical Imaging 20
1.7.3 Why Medical Imaging? 20
1.7.4 Evolution of X-ray Technology 21
1.7.5 PESTLE Analysis 26
2 Report Outline 27
2.1 Report Scope 27
2.2 Report Summary 27
2.3 Research Methodology 29
2.4 Report Assumptions 29
3 Market Snapshot 30
3.1 Total Addressable Market (TAM) 30
3.2 Segmented Addressable Market (SAM) 33
3.3 Opportunity Analysis 35
3.4 Strategic Initiatives 36
3.5 Related Markets 37
3.5.1 Ultrasound Devices 37
3.5.2 Medical X-ray Equipment 37
3.5.3 MRI Equipment 37
3.5.4 Mammography Devices 37
3.5.5 Healthcare X-ray Detectors 37
3.6 Porter 5 (Five) Forces 38
4 Market Characteristics 39
4.1 Market Segmentation 39
4.1.1 General X-ray 41
4.1.2 MRI 43
4.1.3 Ultrasound 44
4.1.4 CT Scan 46
4.1.5 Nuclear imaging 47
4.2 Medical Imaging Market, By Portability 49
4.2.1 Portable Medical Imaging 49
4.2.2 Fixed Medical Imaging Market 50
4.3 Medical Imaging Market, By Imaging Type 51
4.3.1 2D Imaging 51
4.3.2 3D Imaging 52
4.3.3 4D imaging 52
4.3.4 5D imaging 52
4.4 Market Dynamics 53
4.4.1 Drivers 53
4.4.1.1 Increase in adoption of advanced imaging systems 53
4.4.1.2 Rise in number of diagnostic centers 54
4.4.1.3 Government focuses towards cost-effective treatment to public 54
4.4.1.4 Rise in demand of multi-modal imaging 54
4.4.1.5 Widespread applications of medical imaging 54
4.4.2 Restraints 56
4.4.2.1 High cost of imaging devices 56
4.4.2.2 Unfavorable reimbursement plans 56
4.4.2.1 Intense competition among vendors 56
4.4.2.2 Lack of skilled radiologists 57
4.4.3 Opportunities 57
4.4.3.1 Medical imaging to integrate with IT 57
4.4.3.2 Development in medical imaging 57
4.4.3.3 Introduction of artificial intelligence to aid radiology 58
4.4.3.4 Early prevention and diagnosis 58
4.4.3.5 Big data and analytical tools to enhance healthcare interoperability 58
4.4.4 DRO – Impact Analysis 59
4.5 Key Stakeholders 60
5 Industry Trends 61
5.1 Market Trends & Impact 61
6 Buying Criteria 62
7 End-users 63
7.1 Overview 63
7.2 Hospitals 64
7.3 Ambulatory Care 64
7.3.1 ASCs in the Americas 65
7.3.1.1 US 65
7.3.1.2 Canada 65
7.3.1.3 Mexico 65
7.3.1.4 Cuba 65
7.3.2 ASCs in EMEA 65
7.3.2.1 UK 65
7.3.2.2 Germany 65
7.3.2.3 France 66
7.3.2.4 Israel 66
7.3.2.5 Africa 66
7.3.3 ASCs in APAC 66
7.3.3.1 Australia 66
7.3.3.2 Japan 66
7.3.3.3 India 66
7.3.3.4 China 66
7.4 Diagnostic Centers 67
7.5 Others (Research Centers, Non-Profit Organizations, and Nursing Home) 67
8 Regions 69
8.1 Overview 69
8.2 North America 70
8.2.1 Overview 70
8.2.1.1 Key factors driving the market 71
8.2.1.2 Snapshot of North America 72
8.3 Europe 73
8.3.1 Overview 73
8.3.1.1 Key factors driving the market 74
8.3.1.2 Snapshot of Europe 75
8.4 APAC 76
8.4.1 Overview 76
8.4.1.1 Snapshot of APAC 78
8.5 Rest of the World 79
8.5.1 Overview 79
8.5.1.1 Snapshot of ROW 81
9 Market Attractiveness 84
9.1 Overview 84
9.2 Market Attractiveness by End-users 85
10 Competitive Landscape 86
10.1 Competitor Comparison Analysis 86
10.1.1 Key Competitive Facts 87
11 Vendors Profile 89
11.1 GE Healthcare 89
11.1.1 Overview 89
11.1.2 Business Units 94
11.1.3 Geographic Revenue 95
11.1.4 Business Focus 95
11.1.5 SWOT Analysis 96
11.1.6 Business Strategies 96
11.2 Philips Healthcare 97
11.2.1 Overview 97
11.2.2 Business Units 103
11.2.3 Geographic Revenue 104
11.2.4 Business Focus 104
11.2.5 SWOT Analysis 105
11.2.6 Business Strategies 105
11.3 Siemens Healthineers Inc. 106
11.3.1 Overview 106
11.3.2 Business Units 112
11.3.3 Geographic Revenue 113
11.3.4 Business Focus 113
11.3.5 SWOT Analysis 114
11.3.6 Business Strategies 114
11.4 Fujifilm Holdings Corp. 115
11.4.1 Overview 115
11.4.2 Business Units 119
11.4.3 Geographic Revenue 120
11.4.4 Business Focus 120
11.4.5 SWOT Analysis 121
11.4.6 Business Strategies 121
11.5 Canon Medical Systems Corp. 122
11.5.1 Overview 122
11.5.2 Business Segments 125
11.5.3 Geographic Revenue 125
11.5.4 Business Focus 126
11.5.5 SWOT Analysis 126
11.5.6 Business Strategies 127
11.6 Hitachi Medical Corp. 127
11.6.1 Overview 127
11.6.2 Business Units 130
11.6.3 Geographic Revenue 130
11.6.4 Business Focus 131
11.6.5 SWOT Analysis 131
11.6.6 Business Strategies 131
12 Companies to Watch for 132
12.1 Shimadzu Corp. 132
12.1.1 Overview 132
12.1.2 Key Highlights 133
12.1.3 Key News 133
12.2 Thales Group 133
12.2.1 Overview 133
12.2.2 Key Highlights 133
12.2.3 Key News 134
12.3 Agfa-Gevaert N.V. 134
12.3.1 Overview 134
12.3.2 Key Highlights 134
12.3.3 Key News 134
12.4 Carestream Health Inc. 135
12.4.1 Overview 135
12.4.2 Key Highlights 135
12.4.3 Key News 136
12.5 Hologic Corp. 136
12.5.1 Overview 136
12.5.2 Key Highlights 137
12.5.3 Key News 137
13 Other Prominent Vendors 138
14 Annexure 140

Tables

TABLE 1 MEDICAL DEVICES BY CATEGORY 30
TABLE 2 TOP LISTED MEDICAL DEVICES COMPANY 2018 31
TABLE 3 GENERAL X-RAY SYSTEMS MARKET OUTLOOK 42
TABLE 4 MRI MARKET OUTLOOK 44
TABLE 5 ULTRASOUND MARKET OUTLOOK 45
TABLE 6 CT SCAN MARKET OUTLOOK 47
TABLE 7 NUCLEAR IMAGING SYSTEMS MARKET OUTLOOK 48
TABLE 8 GLOBAL MEDICAL IMAGING MARKET BY END-USERS 67
TABLE 9 GLOBAL MEDICAL IMAGING REVENUE BY REGIONS FORECAST, 2018–2024 ($MILLION) 70
TABLE 10 COMPETITIVE STRUCTURE ANALYSIS OF GLOBAL MEDICAL IMAGING MARKET (2017) 88
TABLE 11 GE HEALTHCARE: PRODUCT OFFERINGS 89
TABLE 12 GE HEALTHCARE: RECENT DEVELOPMENTS 90
TABLE 13 PHILIPS HEALTHCARE: PRODUCT OFFERINGS 97
TABLE 14 PHILIPS HEALTHCARE: RECENT DEVELOPMENTS 98
TABLE 15 SIEMENS HEALTHINEERS INC.: RECENT DEVELOPMENTS 106
TABLE 16 SIEMENS HEALTHINEERS INC.: RECENT DEVELOPMENTS 109
TABLE 17 FUJIFILM HOLDINGS CORP.: OFFERINGS 115
TABLE 18 FUJIFILM HOLDINGS CORP.: RECENT DEVELOPMENTS 116
TABLE 19 CANON MEDICAL SYSTEMS CORP.: OFFERINGS 122
TABLE 20 CANON MEDICAL SYSTEMS CORP.: RECENT DEVELOPMENTS 123
TABLE 21 HITACHI MEDICAL CORP.: OFFERINGS 127
TABLE 22 HITACHI MEDICAL CORP.: RECENT DEVELOPMENTS 128
TABLE 23 SHIMADZU CORP.: SNAPSHOT 132
TABLE 24 THALES GROUP: SNAPSHOT 133
TABLE 25 AGFA-GEVAERT N.V.: SNAPSHOT 134
TABLE 26 CARESTREAM HEALTH INC.: SNAPSHOT 135
TABLE 27 HOLOGIC CORP.: SNAPSHOT 137
TABLE 28 OTHER PROMINENT VENDORS IN THE MEDICAL IMAGING MARKET 138


Charts

CHART 1 GLOBAL MEDICAL DEVICES MARKET SEGMENTATION 12
CHART 2 IMPERATIVES OF EMERGING MARKETS 17
CHART 3 US POPULATION DISTRIBUTION BY AGE 2017 18
CHART 4 US HEALTHCARE CONSUMPTION BY AGE 2017 18
CHART 5 WORLD POPULATION AGED 65 YEARS AND ABOVE, 1960–2060 (%) 19
CHART 6 MEDICAL IMAGING APPLICATION 22
CHART 7 PESTLE ANALYSIS OF MEDICAL IMAGING MARKET 26
CHART 8 RESEARCH METHODOLOGY OF GLOBAL MEDICAL IMAGING MARKET 29
CHART 9 GLOBAL MEDICAL IMAGING MARKET BY GEOGRAPHY (2017) 32
CHART 10 GLOBAL MEDICAL IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 34
CHART 11 OPPORTUNITY ANALYSIS 36
CHART 12 PORTERS 5 FORCES ON MEDICAL IMAGING MARKET 38
CHART 13 MEDICAL IMAGING MARKET SEGMENTATION 39
CHART 14 GLOBAL MEDICAL IMAGING MARKET 2017 AND 2024 39
CHART 15 GLOBAL MEDICAL IMAGING MARKET OVERVIEW BY PRODUCTS 2017 ($MILLION) 40
CHART 16 GLOBAL MEDICAL IMAGING MARKET SEGMENTATION BY PRODUCT, 2017–2024 ($MILLION) 40
CHART 17 GLOBAL MEDICAL IMAGING MARKET SEGMENTATION BY PRODUCT, 2017–2024 (%) 41
CHART 18 GLOBAL GENERAL X-RAY SYSTEMS MARKET REVENUE, 2018–2024 ($MILLION) 42
CHART 19 GLOBAL MRI MARKET REVENUE, 2018–2024 ($MILLION) 43
CHART 20 GLOBAL ULTRASOUND IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 45
CHART 21 GLOBAL CT SCAN IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 46
CHART 22 GLOBAL NUCLEAR IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 48
CHART 23 GLOBAL PORTABLE MEDICAL IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 50
CHART 24 GLOBAL FIXED MEDICAL IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 51
CHART 25 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES 53
CHART 26 DRO - IMPACT ANALYSIS OF MEDICAL IMAGING MARKET 59
CHART 27 KEY STAKEHOLDERS OF MEDICAL IMAGING MARKET 60
CHART 28 GLOBAL MEDICAL IMAGING MARKET BY END-USER SEGMENTATION, 2017 (%) 63
CHART 29 GLOBAL MEDICAL IMAGING MARKET BY GEOGRAPHICAL SEGMENTATION, 2017 AND 2024 (%) 69
CHART 30 GLOBAL MEDICAL IMAGING MARKET BY REGIONS 2017 ($MILLION) 70
CHART 31 MEDICAL IMAGING MARKET REVENUE IN NORTH AMERICA, 2017–2024 ($MILLION) 73
CHART 32 MEDICAL IMAGING MARKET REVENUE IN THE EUROPE, 2017–2024 ($MILLION) 76
CHART 33 MEDICAL IMAGING MARKET REVENUE IN THE APAC, 2017–2024 ($MILLION) 79
CHART 34 MEDICAL IMAGING MARKET REVENUE FORECAST IN THE REST OF THE WORLD,
2017–2024 ($MILLION) 82
CHART 35 GLOBAL MEDICAL IMAGING MARKET SEGMENTATION BY GEOGRAPHY, 2017–2024 ($MILLION) 82
CHART 36 GLOBAL MEDICAL IMAGING MARKET SEGMENTATION BY GEOGRAPHY, 2017–2024 (%) 83
CHART 37 GE HEALTHCARE: OVERVIEW SNAPSHOT 93
CHART 38 GE HEALTHCARE: BUSINESS UNITS 94
CHART 39 GE HEALTHCARE: GEOGRAPHIC REVENUE 95
CHART 40 GE HEALTHCARE: SWOT ANALYSIS 96
CHART 41 PHILIPS HEALTHCARE: OVERVIEW SNAPSHOT 101
CHART 42 PHILIPS HEALTHCARE: BUSINESS UNITS 103
CHART 43 PHILIPS HEALTHCARE: GEOGRAPHIC REVENUE 104
CHART 44 PHILIPS HEALTHCARE: SWOT ANALYSIS 105
CHART 45 SIEMENS HEALTHINEERS INC.: OVERVIEW SNAPSHOT 111
CHART 46 SIEMENS HEALTHINEERS INC.: BUSINESS UNITS 112
CHART 47 SIEMENS HEALTHINEERS INC.: GEOGRAPHIC REVENUE 113
CHART 48 SIEMENS HEALTHINEERS INC.: SWOT ANALYSIS 114
CHART 49 FUJIFILM HOLDINGS CORP.: OVERVIEW SNAPSHOT 118
CHART 50 FUJIFILM HOLDINGS CORP.: BUSINESS UNITS 119
CHART 51 FUJIFILM HOLDINGS CORP.: GEOGRAPHIC REVENUE 120
CHART 52 FUJIFILM HOLDINGS CORP.: SWOT ANALYSIS 121
CHART 53 CANON MEDICAL SYSTEMS CORP.: OVERVIEW SNAPSHOT 124
CHART 54 CANON MEDICAL SYSTEMS CORP.: SEGMENT SALES 125
CHART 55 CANON MEDICAL SYSTEM CORP.: GEOGRAPHIC REVENUE 125
CHART 56 CANON MEDICAL SYSTEMS CORP.: SWOT ANALYSIS 126
CHART 57 HITACHI MEDICAL CORP.: OVERVIEW SNAPSHOT 129
CHART 58 HITACHI MEDICAL CORP.: BUSINESS UNITS OVERSEAS 130
CHART 59 HITACHI MEDICAL CORP.: GEOGRAPHIC REVENUE 130
CHART 60 HITACHI MEDICAL CORP.: SWOT ANALYSIS 131

Global Medical Imaging Market – Drivers, Opportunities, Trends, and Forecasts: 2018–2024
Overview
Medical Imaging refers to visualizing of human body parts, organs or tissues, which are used for clinical diagnosis and monitor for treatment of various medical conditions. Every technology used as imaging gives a different type of information about the area being diagnosed or examined. Imaging techniques helps radiologist and physicians to offer accurate diagnosis and right treatment that encompass the fields of radiology, optical imaging, nuclear medicine, and interventions. Modern medical imaging is also used in nuclear medicine and using a variety of methods in visualizing the biological processes occurring in cells of organisms. In this, radioactive markers are used for molecular imaging called the radiopharmaceutical.
X-ray based are the primary or the basic methods of medical imaging. It includes three major types: conventional X-ray, computed tomography (CT) and mammography. Contrast agents are used to enhance the X-ray image that are used for angiography examinations.
Imaging systems today have extensive applications in many fields and in medical the use of X-ray medical diagnostic (computer tomography or digital radiography). The design and features of current imaging systems give an optimal use of information contained in X-ray quanta, which have passed through the patients.
Market Scenario
The market has witnessed substantial growth in the past few years due to increase in the acceptance of hybrid technology, multi-modality systems, increase adoption of lower doses of ionizing radiation, increase in demand for healthcare service, active or favorable support by the government, and rise in the prevalence of chronic diseases. Diagnostic imaging is one is one of the major industries in healthcare, which has adapted to constant changes and continuing to grow consistently. Imaging systems today have extensive applications in many fields and in medical the use of X-ray medical diagnostic (computer tomography or digital radiography). The design and features of current imaging systems give an optimal use of information contained in X-ray quanta, which have passed through the patients. There are numerous technologies being driven and it’s hard to provide accurate diagnostic images at lower cost. Therefore, the use of advanced medical imaging systems enables effective and efficient diagnosis.
Most of the leading medical imaging companies focus in developing high quality imaging data for delivering real-time images of that provide assessment of various tissue pathophysiology based on different spectral characteristic of tissue.
Factors such as aging, progressive health condition, hypertension, alcohol consumption, secondary medical conditions such as diabetes depression, cardiovascular, and another serious medical condition. The sales of medical imaging are expected to increase through advancement and technological adoption of multi-modality imaging systems in hospitals.
Key Players:
The market is dominated by Siemens Healthcare, GE Healthcare, Philips Healthcare, Toshiba Medical Systems, Hitachi Medical, and Fujifilm Holdings Corp have the maximum revenue generation in the global medical imaging market.
Market Analysis: The Global Medical Imaging Market is estimated to witness a CAGR of 5.8% during the forecast period 2018–2024. The market is analyzed based on five segments, namely product types, portability, type, end-users, and regions.
Regional Analysis: The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). In North America, the US and Canada are set to be the leading countries owing to the highest number of diagnostic cases in 2017. This region dominates the overall presence of medical imaging and has the most diversified X-ray systems available in the market. It has the highest percentage of elderly population with many individuals with chronic diseases such as CVD, diabetes, obesity, high blood pressure, and other urology related factors. This has attracted most of the customers to sustain and grow over the period and maintain their product presence in the market.
Europe is set to be the second leading region and held more than 25% of the market share in 2017. The market in Europe was largely driven by advances in medical imaging technologies. Factors such as increase in the prevalence of diseases, continuous adaption of advanced technologies, and increase in aging population is driving the market. The countries such as Germany, France, UK, and Italy are the major contributor to the market.
The APAC region is the fastest growing region in the global medical imaging market in 2017.
Competitive Analysis: The global medical imaging market has immense growth opportunities in both developed and developing regions. The market in the developed countries is witnessing an increased adoption of medical imaging systems for high quality imaging, screening and diagnosing due to improved access and encouragement from the government & other healthcare institutions, especially in the US, Canada, France, Germany, and the UK.
The advances in technology and product upgradation will increase the competition among vendors. The market is highly dynamic with the presence of few big players accounting for more than 65% share in the overall market. Siemens Healthcare, GE Healthcare, Philips Healthcare, Toshiba Medical Systems, Hitachi Medical, and Fujifilm Holdings Corp dominated the global Siemens Healthcare, GE Healthcare, Philips Healthcare, Toshiba Medical Systems, Hitachi Medical, and Fujifilm Holdings Corp market in 2017. Other companies like Canon Medical Systems Corporation, Carestream Health, Shimadzu Medical, Hologic, and Esoate SpA have negligible share and compete stronglyl with the leading vendors in the market. The benefits such as safety, high quality images, easy monitoring and analysis of 3D images, obtain high resolution images to show small breast cancers, and combination with multi-imaging systems have increased the demand of medical imaging in the market.
Key competitive facts:
• The market is highly competitive with all the players competing to gain market shares. Intense competition, rapid advancements in technology, frequent changes in government policies, and the prices are key factors that confront the market.
• The requirement of high initial investment, implementation, and maintenance cost in the market are also limiting the entry of new players

Benefits: The report provides complete details about the usage and adoption rate of medical imaging market. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the urology segment in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.

Read More

Table of Contents
1 Industry Outlook 11
1.1 Medical Devices Industry 11
1.1.1 Overview 11
1.1.2 Geography 11
1.1.3 Medical technologies 11
1.1.4 Industry Trends 13
1.2 Healthcare Spending in the US 14
1.3 Regulatory Bodies & Standards 14
1.4 Reimbursement Scenario 15
1.5 Emerging Global Markets 16
1.6 Patient Demographics 17
1.7 Medical Imaging 19
1.7.1 Overview 19
1.7.2 Definition: Medical Imaging 20
1.7.3 Why Medical Imaging? 20
1.7.4 Evolution of X-ray Technology 21
1.7.5 PESTLE Analysis 26
2 Report Outline 27
2.1 Report Scope 27
2.2 Report Summary 27
2.3 Research Methodology 29
2.4 Report Assumptions 29
3 Market Snapshot 30
3.1 Total Addressable Market (TAM) 30
3.2 Segmented Addressable Market (SAM) 33
3.3 Opportunity Analysis 35
3.4 Strategic Initiatives 36
3.5 Related Markets 37
3.5.1 Ultrasound Devices 37
3.5.2 Medical X-ray Equipment 37
3.5.3 MRI Equipment 37
3.5.4 Mammography Devices 37
3.5.5 Healthcare X-ray Detectors 37
3.6 Porter 5 (Five) Forces 38
4 Market Characteristics 39
4.1 Market Segmentation 39
4.1.1 General X-ray 41
4.1.2 MRI 43
4.1.3 Ultrasound 44
4.1.4 CT Scan 46
4.1.5 Nuclear imaging 47
4.2 Medical Imaging Market, By Portability 49
4.2.1 Portable Medical Imaging 49
4.2.2 Fixed Medical Imaging Market 50
4.3 Medical Imaging Market, By Imaging Type 51
4.3.1 2D Imaging 51
4.3.2 3D Imaging 52
4.3.3 4D imaging 52
4.3.4 5D imaging 52
4.4 Market Dynamics 53
4.4.1 Drivers 53
4.4.1.1 Increase in adoption of advanced imaging systems 53
4.4.1.2 Rise in number of diagnostic centers 54
4.4.1.3 Government focuses towards cost-effective treatment to public 54
4.4.1.4 Rise in demand of multi-modal imaging 54
4.4.1.5 Widespread applications of medical imaging 54
4.4.2 Restraints 56
4.4.2.1 High cost of imaging devices 56
4.4.2.2 Unfavorable reimbursement plans 56
4.4.2.1 Intense competition among vendors 56
4.4.2.2 Lack of skilled radiologists 57
4.4.3 Opportunities 57
4.4.3.1 Medical imaging to integrate with IT 57
4.4.3.2 Development in medical imaging 57
4.4.3.3 Introduction of artificial intelligence to aid radiology 58
4.4.3.4 Early prevention and diagnosis 58
4.4.3.5 Big data and analytical tools to enhance healthcare interoperability 58
4.4.4 DRO – Impact Analysis 59
4.5 Key Stakeholders 60
5 Industry Trends 61
5.1 Market Trends & Impact 61
6 Buying Criteria 62
7 End-users 63
7.1 Overview 63
7.2 Hospitals 64
7.3 Ambulatory Care 64
7.3.1 ASCs in the Americas 65
7.3.1.1 US 65
7.3.1.2 Canada 65
7.3.1.3 Mexico 65
7.3.1.4 Cuba 65
7.3.2 ASCs in EMEA 65
7.3.2.1 UK 65
7.3.2.2 Germany 65
7.3.2.3 France 66
7.3.2.4 Israel 66
7.3.2.5 Africa 66
7.3.3 ASCs in APAC 66
7.3.3.1 Australia 66
7.3.3.2 Japan 66
7.3.3.3 India 66
7.3.3.4 China 66
7.4 Diagnostic Centers 67
7.5 Others (Research Centers, Non-Profit Organizations, and Nursing Home) 67
8 Regions 69
8.1 Overview 69
8.2 North America 70
8.2.1 Overview 70
8.2.1.1 Key factors driving the market 71
8.2.1.2 Snapshot of North America 72
8.3 Europe 73
8.3.1 Overview 73
8.3.1.1 Key factors driving the market 74
8.3.1.2 Snapshot of Europe 75
8.4 APAC 76
8.4.1 Overview 76
8.4.1.1 Snapshot of APAC 78
8.5 Rest of the World 79
8.5.1 Overview 79
8.5.1.1 Snapshot of ROW 81
9 Market Attractiveness 84
9.1 Overview 84
9.2 Market Attractiveness by End-users 85
10 Competitive Landscape 86
10.1 Competitor Comparison Analysis 86
10.1.1 Key Competitive Facts 87
11 Vendors Profile 89
11.1 GE Healthcare 89
11.1.1 Overview 89
11.1.2 Business Units 94
11.1.3 Geographic Revenue 95
11.1.4 Business Focus 95
11.1.5 SWOT Analysis 96
11.1.6 Business Strategies 96
11.2 Philips Healthcare 97
11.2.1 Overview 97
11.2.2 Business Units 103
11.2.3 Geographic Revenue 104
11.2.4 Business Focus 104
11.2.5 SWOT Analysis 105
11.2.6 Business Strategies 105
11.3 Siemens Healthineers Inc. 106
11.3.1 Overview 106
11.3.2 Business Units 112
11.3.3 Geographic Revenue 113
11.3.4 Business Focus 113
11.3.5 SWOT Analysis 114
11.3.6 Business Strategies 114
11.4 Fujifilm Holdings Corp. 115
11.4.1 Overview 115
11.4.2 Business Units 119
11.4.3 Geographic Revenue 120
11.4.4 Business Focus 120
11.4.5 SWOT Analysis 121
11.4.6 Business Strategies 121
11.5 Canon Medical Systems Corp. 122
11.5.1 Overview 122
11.5.2 Business Segments 125
11.5.3 Geographic Revenue 125
11.5.4 Business Focus 126
11.5.5 SWOT Analysis 126
11.5.6 Business Strategies 127
11.6 Hitachi Medical Corp. 127
11.6.1 Overview 127
11.6.2 Business Units 130
11.6.3 Geographic Revenue 130
11.6.4 Business Focus 131
11.6.5 SWOT Analysis 131
11.6.6 Business Strategies 131
12 Companies to Watch for 132
12.1 Shimadzu Corp. 132
12.1.1 Overview 132
12.1.2 Key Highlights 133
12.1.3 Key News 133
12.2 Thales Group 133
12.2.1 Overview 133
12.2.2 Key Highlights 133
12.2.3 Key News 134
12.3 Agfa-Gevaert N.V. 134
12.3.1 Overview 134
12.3.2 Key Highlights 134
12.3.3 Key News 134
12.4 Carestream Health Inc. 135
12.4.1 Overview 135
12.4.2 Key Highlights 135
12.4.3 Key News 136
12.5 Hologic Corp. 136
12.5.1 Overview 136
12.5.2 Key Highlights 137
12.5.3 Key News 137
13 Other Prominent Vendors 138
14 Annexure 140

Read More

Tables

TABLE 1 MEDICAL DEVICES BY CATEGORY 30
TABLE 2 TOP LISTED MEDICAL DEVICES COMPANY 2018 31
TABLE 3 GENERAL X-RAY SYSTEMS MARKET OUTLOOK 42
TABLE 4 MRI MARKET OUTLOOK 44
TABLE 5 ULTRASOUND MARKET OUTLOOK 45
TABLE 6 CT SCAN MARKET OUTLOOK 47
TABLE 7 NUCLEAR IMAGING SYSTEMS MARKET OUTLOOK 48
TABLE 8 GLOBAL MEDICAL IMAGING MARKET BY END-USERS 67
TABLE 9 GLOBAL MEDICAL IMAGING REVENUE BY REGIONS FORECAST, 2018–2024 ($MILLION) 70
TABLE 10 COMPETITIVE STRUCTURE ANALYSIS OF GLOBAL MEDICAL IMAGING MARKET (2017) 88
TABLE 11 GE HEALTHCARE: PRODUCT OFFERINGS 89
TABLE 12 GE HEALTHCARE: RECENT DEVELOPMENTS 90
TABLE 13 PHILIPS HEALTHCARE: PRODUCT OFFERINGS 97
TABLE 14 PHILIPS HEALTHCARE: RECENT DEVELOPMENTS 98
TABLE 15 SIEMENS HEALTHINEERS INC.: RECENT DEVELOPMENTS 106
TABLE 16 SIEMENS HEALTHINEERS INC.: RECENT DEVELOPMENTS 109
TABLE 17 FUJIFILM HOLDINGS CORP.: OFFERINGS 115
TABLE 18 FUJIFILM HOLDINGS CORP.: RECENT DEVELOPMENTS 116
TABLE 19 CANON MEDICAL SYSTEMS CORP.: OFFERINGS 122
TABLE 20 CANON MEDICAL SYSTEMS CORP.: RECENT DEVELOPMENTS 123
TABLE 21 HITACHI MEDICAL CORP.: OFFERINGS 127
TABLE 22 HITACHI MEDICAL CORP.: RECENT DEVELOPMENTS 128
TABLE 23 SHIMADZU CORP.: SNAPSHOT 132
TABLE 24 THALES GROUP: SNAPSHOT 133
TABLE 25 AGFA-GEVAERT N.V.: SNAPSHOT 134
TABLE 26 CARESTREAM HEALTH INC.: SNAPSHOT 135
TABLE 27 HOLOGIC CORP.: SNAPSHOT 137
TABLE 28 OTHER PROMINENT VENDORS IN THE MEDICAL IMAGING MARKET 138


Charts

CHART 1 GLOBAL MEDICAL DEVICES MARKET SEGMENTATION 12
CHART 2 IMPERATIVES OF EMERGING MARKETS 17
CHART 3 US POPULATION DISTRIBUTION BY AGE 2017 18
CHART 4 US HEALTHCARE CONSUMPTION BY AGE 2017 18
CHART 5 WORLD POPULATION AGED 65 YEARS AND ABOVE, 1960–2060 (%) 19
CHART 6 MEDICAL IMAGING APPLICATION 22
CHART 7 PESTLE ANALYSIS OF MEDICAL IMAGING MARKET 26
CHART 8 RESEARCH METHODOLOGY OF GLOBAL MEDICAL IMAGING MARKET 29
CHART 9 GLOBAL MEDICAL IMAGING MARKET BY GEOGRAPHY (2017) 32
CHART 10 GLOBAL MEDICAL IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 34
CHART 11 OPPORTUNITY ANALYSIS 36
CHART 12 PORTERS 5 FORCES ON MEDICAL IMAGING MARKET 38
CHART 13 MEDICAL IMAGING MARKET SEGMENTATION 39
CHART 14 GLOBAL MEDICAL IMAGING MARKET 2017 AND 2024 39
CHART 15 GLOBAL MEDICAL IMAGING MARKET OVERVIEW BY PRODUCTS 2017 ($MILLION) 40
CHART 16 GLOBAL MEDICAL IMAGING MARKET SEGMENTATION BY PRODUCT, 2017–2024 ($MILLION) 40
CHART 17 GLOBAL MEDICAL IMAGING MARKET SEGMENTATION BY PRODUCT, 2017–2024 (%) 41
CHART 18 GLOBAL GENERAL X-RAY SYSTEMS MARKET REVENUE, 2018–2024 ($MILLION) 42
CHART 19 GLOBAL MRI MARKET REVENUE, 2018–2024 ($MILLION) 43
CHART 20 GLOBAL ULTRASOUND IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 45
CHART 21 GLOBAL CT SCAN IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 46
CHART 22 GLOBAL NUCLEAR IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 48
CHART 23 GLOBAL PORTABLE MEDICAL IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 50
CHART 24 GLOBAL FIXED MEDICAL IMAGING MARKET REVENUE, 2018–2024 ($MILLION) 51
CHART 25 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES 53
CHART 26 DRO - IMPACT ANALYSIS OF MEDICAL IMAGING MARKET 59
CHART 27 KEY STAKEHOLDERS OF MEDICAL IMAGING MARKET 60
CHART 28 GLOBAL MEDICAL IMAGING MARKET BY END-USER SEGMENTATION, 2017 (%) 63
CHART 29 GLOBAL MEDICAL IMAGING MARKET BY GEOGRAPHICAL SEGMENTATION, 2017 AND 2024 (%) 69
CHART 30 GLOBAL MEDICAL IMAGING MARKET BY REGIONS 2017 ($MILLION) 70
CHART 31 MEDICAL IMAGING MARKET REVENUE IN NORTH AMERICA, 2017–2024 ($MILLION) 73
CHART 32 MEDICAL IMAGING MARKET REVENUE IN THE EUROPE, 2017–2024 ($MILLION) 76
CHART 33 MEDICAL IMAGING MARKET REVENUE IN THE APAC, 2017–2024 ($MILLION) 79
CHART 34 MEDICAL IMAGING MARKET REVENUE FORECAST IN THE REST OF THE WORLD,
2017–2024 ($MILLION) 82
CHART 35 GLOBAL MEDICAL IMAGING MARKET SEGMENTATION BY GEOGRAPHY, 2017–2024 ($MILLION) 82
CHART 36 GLOBAL MEDICAL IMAGING MARKET SEGMENTATION BY GEOGRAPHY, 2017–2024 (%) 83
CHART 37 GE HEALTHCARE: OVERVIEW SNAPSHOT 93
CHART 38 GE HEALTHCARE: BUSINESS UNITS 94
CHART 39 GE HEALTHCARE: GEOGRAPHIC REVENUE 95
CHART 40 GE HEALTHCARE: SWOT ANALYSIS 96
CHART 41 PHILIPS HEALTHCARE: OVERVIEW SNAPSHOT 101
CHART 42 PHILIPS HEALTHCARE: BUSINESS UNITS 103
CHART 43 PHILIPS HEALTHCARE: GEOGRAPHIC REVENUE 104
CHART 44 PHILIPS HEALTHCARE: SWOT ANALYSIS 105
CHART 45 SIEMENS HEALTHINEERS INC.: OVERVIEW SNAPSHOT 111
CHART 46 SIEMENS HEALTHINEERS INC.: BUSINESS UNITS 112
CHART 47 SIEMENS HEALTHINEERS INC.: GEOGRAPHIC REVENUE 113
CHART 48 SIEMENS HEALTHINEERS INC.: SWOT ANALYSIS 114
CHART 49 FUJIFILM HOLDINGS CORP.: OVERVIEW SNAPSHOT 118
CHART 50 FUJIFILM HOLDINGS CORP.: BUSINESS UNITS 119
CHART 51 FUJIFILM HOLDINGS CORP.: GEOGRAPHIC REVENUE 120
CHART 52 FUJIFILM HOLDINGS CORP.: SWOT ANALYSIS 121
CHART 53 CANON MEDICAL SYSTEMS CORP.: OVERVIEW SNAPSHOT 124
CHART 54 CANON MEDICAL SYSTEMS CORP.: SEGMENT SALES 125
CHART 55 CANON MEDICAL SYSTEM CORP.: GEOGRAPHIC REVENUE 125
CHART 56 CANON MEDICAL SYSTEMS CORP.: SWOT ANALYSIS 126
CHART 57 HITACHI MEDICAL CORP.: OVERVIEW SNAPSHOT 129
CHART 58 HITACHI MEDICAL CORP.: BUSINESS UNITS OVERSEAS 130
CHART 59 HITACHI MEDICAL CORP.: GEOGRAPHIC REVENUE 130
CHART 60 HITACHI MEDICAL CORP.: SWOT ANALYSIS 131

Read More
SELECT A FORMAT
Added to Cart

Single User

Electronic (PDF)
$2750
This license allows only one user to access the PDF.

Site License

Electronic (PDF)
$3500
This license allows all the users of an enterprise residing in one location to access the PDF

Enterprise License

Electronic (PDF)
$4500
This license allows all the employees of an enterprise to access the PDF.
Add to Cart
Buy Now (10% Discount)
0 Items
X
No items in the cart.
$0.0