Diagnostic Imaging Devices Market Anticipated to Grow at a Significant Pace by 2023

The global diagnostic imaging devices market grew from USD 26,477.1 million in 2014 to USD 35,793.4 million in 2020 at a CAGR of 5.2%.

Diagnostic Imaging Devices Market - Scope of Report

A latest publication by Persistence Market Research on this market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market. The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market. The principal aim of the market study is to present exclusive information about how the market will perform during the forecast period of 2020-2030.

Important indicators for successful growth of the diagnostic imaging devices market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Persistence Market Research's study. This research study can support readers to know the demand for diagnostic imaging devices and the quantitative development opportunities during the study period.

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The research is beneficial for shareholders in this market landscape, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market. Insights and wisdom presented in this Persistence Market Research study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Market statistics as well as information linked to the macro- as well as micro-economic variables affecting the business scenario in the diagnostic imaging devices market are also included in the current study. Depending on potential developments in the market, substantive insights are also encountered in this report. Additionally, by virtue of the data submitted in this report, minor companies and new entrants in this industry can be aided in making suitable company choices to achieve traction in the market.

Drivers and Restraints:

Drivers:

1. Technological advancements: The diagnostic imaging devices market is driven by continuous technological advancements, such as the development of high-resolution imaging techniques, 3D imaging, and portable imaging devices. These advancements improve the accuracy and efficiency of diagnosis, leading to increased adoption of diagnostic imaging devices.
2. Growing prevalence of chronic diseases: The increasing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and neurological disorders, is driving the demand for diagnostic imaging devices. These devices play a crucial role in the early detection and monitoring of diseases, enabling timely treatment and improved patient outcomes.

Restraints:

1. High cost of devices: Diagnostic imaging devices, such as MRI machines, CT scanners, and ultrasound systems, are expensive to purchase and maintain. The high cost of these devices can be a significant barrier, especially for healthcare facilities with limited budgets or in developing regions, limiting the widespread adoption of diagnostic imaging devices.
2. Limited access in developing regions: Diagnostic imaging devices are not equally accessible in all regions, particularly in developing countries. The lack of infrastructure, trained professionals, and financial resources hinders the adoption and availability of diagnostic imaging devices in these areas, thereby restraining market growth.

Key Market Segments

Persistence Market Research’s study on the diagnostic imaging devices market offers information divided into four important segments — type, technology, portability, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

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Type

• X-ray
• Ultrasound
• Magnetic Resonance Imaging
• Computed Tomography Scanners
• Nuclear Imaging Systems
• Others

Technology (X-ray)

• Analog Radiograph
• Digital Radiograph
• Others

Portability (X-ray)

• Stationary X-ray Systems
• Portable X-ray Systems

Technology (Ultrasound)

• 2D Systems
• Doppler Systems
• 3D and 4D Systems
• Others

Portability (Ultrasound)

• Trolley Ultrasound Systems
• Compact Ultrasound Systems

Type of Slice (Computed Tomography Scanner)

• Middle-end Slice CT Scanners
• High-end Slice CT Scanners
• Low-end Slice CT Scanners

Architecture (Magnetic Resonance Imaging)

• Open Magnetic Resonance Imaging Systems
• Closed Magnetic Imaging Resonance Imaging Systems

Type (Nuclear Imaging)

• Positron Emission Tomography (PET)
• Single Photon Emission Computed Tomography (SPECT)

Region

• North America
• Europe
• Asia
• Rest of the World

Key Questions Answered in Report

1. Which geographic regions will continue to remain the most profitable markets for diagnostic imaging devices?
2. Which parameters will bring a change in the demand for this during the forecast period?
3. How will changing trends impact the market?
4. How will the COVID-19 pandemic impact market growth?
5. How can market players capture the low-hanging opportunities in developed regions?
6. What are the winning strategies of stakeholders in the diagnostic imaging devices market to upscale their position in this landscape?
7. What are the restraints that investors need to be aware of and might tackle while investing in the market?
8. What are the developmental trends that will impact the market?
9. How can businesses in this market avail the growth opportunities in developed and emerging sectors?

Research Methodology

In Persistence Market Research’s study, a unique research methodology is utilized to conduct extensive research on the growth of the diagnostic imaging devices market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes Persistence Market Research’s projections on the growth prospects of this market more accurate and reliable.

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

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Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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