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Medical Imaging Market to Reach $74 Billion by 2023: Analysis By Test Type & Geography - Research and Markets
[September 04, 2017]

Medical Imaging Market to Reach $74 Billion by 2023: Analysis By Test Type & Geography - Research and Markets

The "Medical Imaging Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2015-2023" report has been added to Research and Markets' offering.

The global market for medical imaging systems was valued at around USD 53.0 billion in 2016 and is expected to reach USD 74.1 billion by 2023, growing at a CAGR of around 5% during the forecast period of 2017 to 2023.

Key driving factors for this market include rise in prevalence of chronic diseases, technological advancements in diagnostic imaging modalities, increasing number of imaging procedures, rising awareness among the patients about early diagnosis of clinical disorders and rise in base of aging population. In addition, increasing demand from emerging countries, improved government funding towards chronic disorders, increasing investment in public private organizations, and increasing disposable income among the population will further expected to drive the market in the coming years. However, there are certain restraining factors such as high costs associated with these devices and unfavorable reimbursement scenario are expected to hinder the market growth in future. Nevertheless, growing healthcare spending in emerging countries and technological advancements will continue to boost the market growth.

Geographically, North America is the leading contributor to the market and is expected to retain its position during the forecast period due to the presence of large number of players offering these products, and large base of patients with greater affordability. However, Asia-Pacific market is expected to grow at a faster rate during the forecast period. This is predominantly due to increased healthcare awareness, technological advancements, and growing awareness among the population about the diagnostic options available in the market.

Companies Mentioned

  • GE Healthcare
  • Philips Healthcare
  • Hitachi Medical Corporation
  • Siemens (News - Alert) Healthcare
  • Hologic Inc.
  • Toshiba Medical Systems Corporation
  • Fujifilm Corporation
  • Shimadzu Corporation
  • Carestream Health Inc.
  • Esaote

Key Topics Covered:

  1. Scope of the report
  2. Executive summary
  3. Qualitative analysis
  4. Global medical imaging market, by test type, 2015 - 2023f
  5. Global medical imaging market, by geography, 2015 - 2023f
  6. Company profiles

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