Authored By: Sarah
18 Aug 2022

Diagnostic Imaging Market 2021-2025: Increasing Prevalence of Chronic Conditions to Boost Market Growth

The diagnostic imaging market share is projected to grow up to USD 7.55 billion, accelerating at a CAGR of 5.81% during the forecast period. The diagnostic imaging market growth is driven by the increasing prevalence of chronic conditions, however, the high costs associated with diagnostic imaging may hamper the market growth. Technavio's diagnostic imaging market report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends, and challenges that are likely to impact market growth.


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Diagnostic Imaging Market: Top Drivers for Growth

Technavio has identified that the increasing prevalence of chronic conditions as one of the key factors that will drive the diagnostic imaging market growth. In addition, technological advancements and upgrades in diagnostic imaging are one of the major diagnostic imaging market trends that will be instrumental in supporting the market growth. However, the high costs associated with diagnostic imaging may impede the market growth

The diagnostic imaging market report provides a comprehensive analysis of all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their businesses.

Diagnostic Imaging Market 2021-2025: Increasing Prevalence of Chronic Conditions to Boost Market Growth

Diagnostic Imaging Market: Growth Segments

The diagnostic imaging market is segmented by Product (X-ray, ultrasound, computed tomography, and others) and Geography (North America, Europe, Asia, and ROW). 

Based on the product segmentation, the diagnostic imaging market value in the X-ray segment will be significant during the forecast period. By geography, the increasing number of product launches by prominent vendors will facilitate the diagnostic imaging market growth in North America. 

42% of the market's growth will originate from North America during the forecast period. The US is a key market for diagnostic imaging in North America. 

Diagnostic Imaging Market: Vendor Landscape

The diagnostic imaging market is fragmented and the growth of the market vendors depends on market conditions, government support, and industry development. Carestream Health Inc., Cobham Plc, Elbit Systems Ltd., Esaote SpA, FUJIFILM Holdings Corp., Hitachi Ltd., Northrop Grumman Corp., Shimadzu Corp., Siemens Healthineers AG, and Thales Group are some of the major diagnostic imaging market vendors. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download the Free PDF Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 5.81%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow up to USD 7.55 billion.

     
  3. What is a key factor driving this market?
    Increasing prevalence of chronic conditions will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    42% growth will originate from North America.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Carestream Health Inc., Cobham Plc, Elbit Systems Ltd., Esaote SpA, FUJIFILM Holdings Corp., Hitachi Ltd., Northrop Grumman Corp., Shimadzu Corp., Siemens Healthineers AG, and Thales Group

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (X-ray, ultrasound, computed tomography, and others) and Geography (North America, Europe, Asia, and ROW).
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