Lucintel Forecasts Diagnostic Imaging Market to Reach $119 Billion by 2025

Diagnostic Imaging Market

According to the recent study the diagnostic imaging market is projected to reach an estimated $33.1 billion by 2025 from $29.3 billion in 2019, at a CAGR of 1.3% from 2020 to 2025. Growth in this market is primarily driven by increasing healthcare expenditures, rising public awareness associated with early diagnosis of disease, technological advancement in imaging procedures, and a growing geriatric population.

Browse 74 figures / charts and 58 tables in this 152 -page report to understand trends, opportunities and forecast in diagnostic imaging market by product (X-ray system, CT (computerized tomography) scan system, MRI (magnetic resonance imaging) system, ultrasound system, mammography system, and nuclear imaging system), end use (public hospitals, and ‘private hospitals and imaging centers), and region (North America, Europe, and Asia Pacific (APAC) and the Rest of the World (ROW).

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“X-ray systems market is expected to remain the largest segment during the forecast period.”

Based on product, the diagnostic imaging market is segmented into X-ray system, CT (computerized tomography) scan system, MRI (magnetic resonance imaging) system, ultrasound system, mammography system, and nuclear imaging system. Lucintel forecasts that the X-ray system market is expected to remain the largest segment due to the rapidly increasing technological advancements in imaging systems are expected to drive market growth, ease of diagnostic procedure, need for improved diagnosis for aging population, and rising public awareness associated with early disease detection.

 

“Asia pacific will dominate the diagnostic imaging market in near future”

Asia Pacific is expected to be the largest region with the highest growth over the forecast period due to an increasing number of hospitals, an increasing number of patients, and the continued technological advancements in imaging systems.

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Major players of diagnostic imaging market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Siemens Healthcare GmBH, General Electric Company, and Koninklijke Philips N.V. are among the major diagnostic imaging providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/diagnostic-imaging-market.aspx or helpdesk@lucintel.com

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