Diagnostic Imaging Market Synopsis:
Diagnostic Imaging Market Size Was Valued at USD 26.60 Billion in 2023, and is Projected to Reach USD 43.43 Billion by 2032, Growing at a CAGR of 5.60% From 2024-2032.
It is defined as the market of medical technologies utilized for the purpose of gathering visual data from within the body to aid in analysis, treatment and diagnosis. X-ray, MRI, CT scans, ultrasound and other nuclear medical imaging techniques are used in diagnosing a number of diseases and conditions and visualize the abnormality of internal organs and tissues.
The growth of the diagnostic imaging market is spurred on by the growth of lifestyles diseases as well as chronic diseases and conditions such as cancer and cardiovascular diseases amongst others, these require imaging for early diagnosis. Moreover, the global aging population leads to increased use of the imaging diagnosis since the elderly get more prone to conditions that need the diagnosis.
Constant innovations in imaging technologies including higher resolution and portability of imaging apparatus’ have also contributed to market expansion. The use of AI in combination with diagnostic imaging systems is also increasing it efficiency especially in the detection and diagnosis of diseases hence improving patient diagnostic outcomes hence the increased use of such systems by health care providers.
Diagnostic Imaging Market Trend Analysis:
More attention to the non-invasive diagnostic imaging
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One trend of diagnostic imaging market is that people pay more attention to the non-invasive diagnostic imaging. That is why during the recent years non-invasive diagnostic methods including the MRI and ultrasound continue to gain popularity among the patients as well as the healthcare providers. Also, the application of Artificial Intelligence and machine learning in diagnostics mode is transforming the current complicated system of image analysis and interpretation.
- Another highlighted trend is the hemisphere toward portability and point-of care imaging solutions. Due to the necessity of rapid identification during the acute or remote setting, the transportable imaging systems are also more in demand. These devices provide convenience, cheaper prices and an option to produce results in a shorter time which makes them crucial in high demand areas such as urgent cares.
Health care industry is improving
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Currently there is great potential for development in the new markets, primarily the developing nations where the health care industry is improving. Other subtopics that can be used include ‘’The importance of diagnostic imaging equi Global cases in regions such as Asia Pacific, Latin America, and Africa pazements in enhancing health care facilities can be named’’. The healthcare industry worldwide is being developed by governments and private organizations, which becomes a good opportunity for the development of diagnostic imaging manufacturers.
- Moreover, the integration of the telemedicine and distant healthcare services stream is creating new opportunities for the diagnostic imaging market. Diagnostic imaging may now be done through the use oftelehealth meaning that clinicians may consult and transmit the images back and forth with specialists while being in different locations. This trend is particularly an advantage in areas that are not literate in advanced health care and stands to benefit through the rural health centers.
Diagnostic Imaging Market Segment Analysis:
Diagnostic Imaging Market Segmented on the basis of Product, Technology, Application, End User and Region
By Product, X-ray segment is expected to dominate the market during the forecast period
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Diagnostic imaging products can be divided between X-ray, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography (CT), Nuclear Imaging, Mammography and all other modalities. X-ray imaging takes the largest share of the diagnostic instruments because it is cost efficient and easily accessible. MRI is important when capturing images in very high detail, used in capturing soft tissue injuries and neurological diseases. Obstetric and gynecological as well as cardiovascular system imaging utilizes ultrasound, while bones, organs and body tissues are imaged using CT scans. These two are very crucial in diagnosis of cancer as well as other health complications within the body.
By Application, Cardiology segment expected to held the largest share
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Diagnostic imaging market is influenced by applications like cardiology, neurology, oncology, orthopedic, obstetrics & gynecology and other. Despite that cardiology has not been as involved in the diagnostic imaging as some other fields, imaging has proven useful in identifying conditions such as coronary artery disease. In neurology the investigation modalities like MRI and CT are mandatory in managing conditions like stroke, brain tumors, aspects of neurodegenerative diseases among others. Imaging studies plays an important role in diagnosis, staging and management of cancer. Orthopedic uses of imaging includes: * Determination of bone fracture * Abnormal joint * Soft tissue injuries Obstetrics and gynecology uses imaging in: * Pregnancy examination * Female reproductive systems.
Diagnostic Imaging Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
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North America continues to dominate the global diagnostic imaging market due to increased usage of sophisticated imaging equipment, well established healthcare systems, and increased funding on research and technology. In addition to the major diagnostic imaging manufacturers, North America occupies the leading position in this share thanks to the constantly growing demand for accurate preliminary diagnostics and early disease detection. In addition, the increase in the growth rate of the elderly within the region also contributes to the market for diagnostic imaging since the elderly group requires frequent diagnosis.
- However, the United State of America is of great significance in the North American market because of its healthcare systems that embraces the innovative imaging systems. Governments’ support towards early disease detection and customization of care is giving a further boost to the market, the availability of a multitude of diagnostic facilities and hospitals installing better imaging equipment also contributes towards North America maintaining a strong growth in the market over the forecast period.
Active Key Players in the Diagnostic Imaging Market:
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Canon Medical Systems (Japan)
- Fujifilm Holdings Corporation (Japan)
- GE Healthcare (USA)
- Hitachi Medical Systems (Japan)
- Hologic, Inc. (USA)
- Medtronic (Ireland)
- Philips Healthcare (Netherlands)
- Samsung Medison (South Korea)
- Siemens Healthineers (Germany)
- Toshiba Medical Systems (Japan)
- Other Active Players
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Global Diagnostic Imaging Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 26.60 Billion |
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Forecast Period 2024-32 CAGR: |
5.60% |
Market Size in 2032: |
USD 43.43 Billion |
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Segments Covered: |
By Product |
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By Technology |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Diagnostic Imaging Market by Product
4.1 Diagnostic Imaging Market Snapshot and Growth Engine
4.2 Diagnostic Imaging Market Overview
4.3 X-ray
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 X-ray: Geographic Segmentation Analysis
4.4 MRI (Magnetic Resonance Imaging)
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 MRI (Magnetic Resonance Imaging): Geographic Segmentation Analysis
4.5 Ultrasound
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Ultrasound: Geographic Segmentation Analysis
4.6 CT (Computed Tomography)
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 CT (Computed Tomography): Geographic Segmentation Analysis
4.7 Nuclear Imaging
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Nuclear Imaging: Geographic Segmentation Analysis
4.8 Mammography
4.8.1 Introduction and Market Overview
4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.8.3 Key Market Trends, Growth Factors and Opportunities
4.8.4 Mammography: Geographic Segmentation Analysis
4.9 Others
4.9.1 Introduction and Market Overview
4.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.9.3 Key Market Trends, Growth Factors and Opportunities
4.9.4 Others: Geographic Segmentation Analysis
Chapter 5: Diagnostic Imaging Market by Technology
5.1 Diagnostic Imaging Market Snapshot and Growth Engine
5.2 Diagnostic Imaging Market Overview
5.3 Analog Imaging
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Analog Imaging: Geographic Segmentation Analysis
5.4 Digital Imaging
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Digital Imaging: Geographic Segmentation Analysis
Chapter 6: Diagnostic Imaging Market by Application
6.1 Diagnostic Imaging Market Snapshot and Growth Engine
6.2 Diagnostic Imaging Market Overview
6.3 Cardiology
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Cardiology: Geographic Segmentation Analysis
6.4 Neurology
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Neurology: Geographic Segmentation Analysis
6.5 Oncology
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Oncology: Geographic Segmentation Analysis
6.6 Orthopedics
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Orthopedics: Geographic Segmentation Analysis
6.7 Obstetrics & Gynecology
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Obstetrics & Gynecology: Geographic Segmentation Analysis
6.8 Others
6.8.1 Introduction and Market Overview
6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.8.3 Key Market Trends, Growth Factors and Opportunities
6.8.4 Others: Geographic Segmentation Analysis
Chapter 7: Diagnostic Imaging Market by End User
7.1 Diagnostic Imaging Market Snapshot and Growth Engine
7.2 Diagnostic Imaging Market Overview
7.3 Hospitals
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Hospitals: Geographic Segmentation Analysis
7.4 Diagnostic Centers
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Diagnostic Centers: Geographic Segmentation Analysis
7.5 Ambulatory Surgical Centers
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Ambulatory Surgical Centers: Geographic Segmentation Analysis
7.6 Research Institutes
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Research Institutes: Geographic Segmentation Analysis
7.7 Others
7.7.1 Introduction and Market Overview
7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.7.3 Key Market Trends, Growth Factors and Opportunities
7.7.4 Others: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Diagnostic Imaging Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 GE HEALTHCARE (USA)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 SIEMENS HEALTHINEERS (GERMANY)
8.4 PHILIPS HEALTHCARE (NETHERLANDS)
8.5 CANON MEDICAL SYSTEMS (JAPAN)
8.6 HITACHI MEDICAL SYSTEMS (JAPAN)
8.7 SAMSUNG MEDISON (SOUTH KOREA)
8.8 HOLOGIC INC. (USA)
8.9 MEDTRONIC (IRELAND)
8.10 TOSHIBA MEDICAL SYSTEMS (JAPAN)
8.11 FUJIFILM HOLDINGS CORPORATION (JAPAN)
8.12 OTHER ACTIVE PLAYERS
Chapter 9: Global Diagnostic Imaging Market By Region
9.1 Overview
9.2. North America Diagnostic Imaging Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Product
9.2.4.1 X-ray
9.2.4.2 MRI (Magnetic Resonance Imaging)
9.2.4.3 Ultrasound
9.2.4.4 CT (Computed Tomography)
9.2.4.5 Nuclear Imaging
9.2.4.6 Mammography
9.2.4.7 Others
9.2.5 Historic and Forecasted Market Size By Technology
9.2.5.1 Analog Imaging
9.2.5.2 Digital Imaging
9.2.6 Historic and Forecasted Market Size By Application
9.2.6.1 Cardiology
9.2.6.2 Neurology
9.2.6.3 Oncology
9.2.6.4 Orthopedics
9.2.6.5 Obstetrics & Gynecology
9.2.6.6 Others
9.2.7 Historic and Forecasted Market Size By End User
9.2.7.1 Hospitals
9.2.7.2 Diagnostic Centers
9.2.7.3 Ambulatory Surgical Centers
9.2.7.4 Research Institutes
9.2.7.5 Others
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Diagnostic Imaging Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Product
9.3.4.1 X-ray
9.3.4.2 MRI (Magnetic Resonance Imaging)
9.3.4.3 Ultrasound
9.3.4.4 CT (Computed Tomography)
9.3.4.5 Nuclear Imaging
9.3.4.6 Mammography
9.3.4.7 Others
9.3.5 Historic and Forecasted Market Size By Technology
9.3.5.1 Analog Imaging
9.3.5.2 Digital Imaging
9.3.6 Historic and Forecasted Market Size By Application
9.3.6.1 Cardiology
9.3.6.2 Neurology
9.3.6.3 Oncology
9.3.6.4 Orthopedics
9.3.6.5 Obstetrics & Gynecology
9.3.6.6 Others
9.3.7 Historic and Forecasted Market Size By End User
9.3.7.1 Hospitals
9.3.7.2 Diagnostic Centers
9.3.7.3 Ambulatory Surgical Centers
9.3.7.4 Research Institutes
9.3.7.5 Others
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Diagnostic Imaging Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Product
9.4.4.1 X-ray
9.4.4.2 MRI (Magnetic Resonance Imaging)
9.4.4.3 Ultrasound
9.4.4.4 CT (Computed Tomography)
9.4.4.5 Nuclear Imaging
9.4.4.6 Mammography
9.4.4.7 Others
9.4.5 Historic and Forecasted Market Size By Technology
9.4.5.1 Analog Imaging
9.4.5.2 Digital Imaging
9.4.6 Historic and Forecasted Market Size By Application
9.4.6.1 Cardiology
9.4.6.2 Neurology
9.4.6.3 Oncology
9.4.6.4 Orthopedics
9.4.6.5 Obstetrics & Gynecology
9.4.6.6 Others
9.4.7 Historic and Forecasted Market Size By End User
9.4.7.1 Hospitals
9.4.7.2 Diagnostic Centers
9.4.7.3 Ambulatory Surgical Centers
9.4.7.4 Research Institutes
9.4.7.5 Others
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Diagnostic Imaging Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Product
9.5.4.1 X-ray
9.5.4.2 MRI (Magnetic Resonance Imaging)
9.5.4.3 Ultrasound
9.5.4.4 CT (Computed Tomography)
9.5.4.5 Nuclear Imaging
9.5.4.6 Mammography
9.5.4.7 Others
9.5.5 Historic and Forecasted Market Size By Technology
9.5.5.1 Analog Imaging
9.5.5.2 Digital Imaging
9.5.6 Historic and Forecasted Market Size By Application
9.5.6.1 Cardiology
9.5.6.2 Neurology
9.5.6.3 Oncology
9.5.6.4 Orthopedics
9.5.6.5 Obstetrics & Gynecology
9.5.6.6 Others
9.5.7 Historic and Forecasted Market Size By End User
9.5.7.1 Hospitals
9.5.7.2 Diagnostic Centers
9.5.7.3 Ambulatory Surgical Centers
9.5.7.4 Research Institutes
9.5.7.5 Others
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Diagnostic Imaging Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Product
9.6.4.1 X-ray
9.6.4.2 MRI (Magnetic Resonance Imaging)
9.6.4.3 Ultrasound
9.6.4.4 CT (Computed Tomography)
9.6.4.5 Nuclear Imaging
9.6.4.6 Mammography
9.6.4.7 Others
9.6.5 Historic and Forecasted Market Size By Technology
9.6.5.1 Analog Imaging
9.6.5.2 Digital Imaging
9.6.6 Historic and Forecasted Market Size By Application
9.6.6.1 Cardiology
9.6.6.2 Neurology
9.6.6.3 Oncology
9.6.6.4 Orthopedics
9.6.6.5 Obstetrics & Gynecology
9.6.6.6 Others
9.6.7 Historic and Forecasted Market Size By End User
9.6.7.1 Hospitals
9.6.7.2 Diagnostic Centers
9.6.7.3 Ambulatory Surgical Centers
9.6.7.4 Research Institutes
9.6.7.5 Others
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Diagnostic Imaging Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Product
9.7.4.1 X-ray
9.7.4.2 MRI (Magnetic Resonance Imaging)
9.7.4.3 Ultrasound
9.7.4.4 CT (Computed Tomography)
9.7.4.5 Nuclear Imaging
9.7.4.6 Mammography
9.7.4.7 Others
9.7.5 Historic and Forecasted Market Size By Technology
9.7.5.1 Analog Imaging
9.7.5.2 Digital Imaging
9.7.6 Historic and Forecasted Market Size By Application
9.7.6.1 Cardiology
9.7.6.2 Neurology
9.7.6.3 Oncology
9.7.6.4 Orthopedics
9.7.6.5 Obstetrics & Gynecology
9.7.6.6 Others
9.7.7 Historic and Forecasted Market Size By End User
9.7.7.1 Hospitals
9.7.7.2 Diagnostic Centers
9.7.7.3 Ambulatory Surgical Centers
9.7.7.4 Research Institutes
9.7.7.5 Others
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
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Global Diagnostic Imaging Market |
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|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 26.60 Billion |
|
Forecast Period 2024-32 CAGR: |
5.60% |
Market Size in 2032: |
USD 43.43 Billion |
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Segments Covered: |
By Product |
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By Technology |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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