Authored By: Sarah
27 Oct 2023

Billion-Dollar Medical Imaging Market Analysis 2023-2027: Market  to exhibit growth at a CAGR of  5.7%

The Medical Imaging Market is a billion-dollar market in the making and is expected to exhibit growth at a CAGR of 5.7% between 2022 and 2027 followed by a Market revenue of USD 12.87 Bn. The prevalence of chronic conditions is directly proportional to the increased volume of market growth for the medical imaging market and can be considered a significant contributor.

Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. The comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments. Unlock Sample Report

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Medical Imaging Market: Market Segments and Growth Forecasts at a Glance

Medical Imaging Market: Market Segments and Growth Forecasts: Medical Imaging Market report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The medical imaging market is segmented by Product (X-ray imaging, Ultrasound imaging, MRI, CT scanner imaging, and SPECT/PET imaging) and Geography (North America, Europe, Asia, and ROW).
  • Based on the product, the medical imaging market share growth in the x-ray imaging segment will have lucrative growth during the forecast period. As per past data, it has witnessed steady growth from USD 12.33 Bn in 2017 to 2021.
  • 36% of the market growth will originate from North America during the forecast period. The US is the key market for medical imaging in North America. 
  • Prevalence of chronic diseases, technological advances, and product launches will facilitate the medical imaging market growth in North America over the forecast period. 

Medical Imaging Market: Trends, Drivers, Challenges: Technavio's report offers a detailed impact analysis of the trends, drivers, and challenges that are likely to influence the market growth during the forecast period that will enable clients to design a growth strategy for their business and area of operations.

  • The increasing prevalence of chronic conditions will be a significant factor in driving the growth of the Medical Imaging Market.
  • The increasing number of product launches by prominent market players will be instrumental in driving the market growth during the forecast period.
  • High costs associated with medical imaging are a hurdle that needs to be crossed on the path to success.

Core Companies of the Medical Imaging Market: Agfa Gevaert NV, Agilent Technologies Inc., Boston Scientific Corp., Canfield Scientific Inc., Canon Inc., Carestream Dental LLC, Danaher Corp., FUJIFILM Holdings Corp, General Electric Co., Hologic Inc., Konica Minolta Inc., Koninklijke Philips NV, Medical Imaging Systems, Medtronic Plc, Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Shanghai United Imaging Healthcare Co. Ltd., etc among others are some of the few key companies in the market landscape.

Organizations like United-imaging offer medical imaging such as Molecular Imaging, Magnetic Resonance Imaging, and Computed Tomography. Track down a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus along with qualitative and quantitative analyses of companies with a wider understanding of the business ecosystem. Download our best-selling report on Medical Imaging Market for more insights

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