Diagnostic Imaging Equipment Market Size 2024-2032 Global Industrial Analysis, Market Share, Top Key Players

Diagnostic Imaging Equipment Market

According to the report published by Zion Market Research, the global Diagnostic Imaging Equipment Market size was valued at USD 25.37 Billion in 2023 and is predicted to reach USD 43.30 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.12% during the forecast period. The report analyzes the global Diagnostic Imaging Equipment Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Diagnostic Imaging Equipment Market industry.

Global Diagnostic Imaging Equipment Market: Overview

The alternative name for diagnostic imaging is medical imaging. Basically, diagnostic imaging is the process where the internal structure of the human body is taken using the electromagnetic radiation for accurate diagnosis of the patient. The diagnostic imaging uses radiations to diagnose and treat the diseases. There are various modalities in the medical imaging such as the most common ones being the CT scan, MRI systems, etc.

Global Diagnostic Imaging Equipment Market: Segmentation

The global diagnostic imaging equipment market is segmented into its modality and regions. On the basis of the modality, the global market is segregated into ultrasound systems, X-ray imaging systems, computed tomography (CT) Scanners, MRI systems, nuclear imaging systems, and mammography systems. Geographically, the global diagnostic imaging equipment market is diversified into North America, Asia-Pacific, Europe, and Rest of the World.

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Global Diagnostic Imaging Equipment Market: Growth Factors

The major factors that are driving the diagnostic imaging equipment market include increased interest among the researchers regarding the medical imaging equipment and the technological advancements that are made in the diagnostic imaging equipment such as upright MRI and the handled X-ray device. The increase in the geriatric population and the rise in the investments made by the government for the development of the medical imaging equipment are some other aspects that are contributing to the market growth.

In the recent years, the patients have become more aware of the diseases, its diagnosis, and treatment thus triggering the demand for the diagnostic imaging equipment. Moreover, people nowadays are more prone to diseases owing to their unhealthy lifestyle and their eating habits thus increasing the incidences of cardiovascular diseases, various genetic mutations, cancer, and gastrointestinal disorders. The treatment and the diagnosis of these diseases require diagnostic imaging equipment thus fuelling the market growth. The factors that are going to affect the diagnostic equipment market in a negative way are the high cost of the equipment and the ill effects of the radiations.

Global Diagnostic Imaging Equipment Market: Regional Analysis

In terms of revenue, the region that contributed the most to the diagnostic imaging equipment market is the North America. The advanced technologies such as mobile, 3D, and 4D scanners are in great demand for the early diagnosis of the diseases such as cardiovascular diseases and cancer. But the region where the diagnostic imaging equipment market is growing fast is Asia Pacific region. The factors that are contributing to this growth are the growing awareness among the people and the health sector professionals, the increase in the geriatric population that have low immunity level, the rise in the investments made by the government, and the improving reimbursement policies.