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Medical Imaging Market by Product, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 182
  • SKU: IRTNTR43494
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The medical imaging market is estimated to grow at a CAGR of 5.7% between 2022 and 2027. The size of the market is forecast to increase by USD 12.87 billion. The growth of the market depends on several factors, including the increasing prevalence of chronic conditions, the technological advancements and upgrades in medical imaging modalities, and the growing number of M&A activities.

This report extensively covers market segmentation by product (x-ray imaging, ultrasound imaging, MRI, CT scanner imaging, and SPECT/PET imaging), end-user (hospitals, diagnostic imaging centres, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Medical Imaging Market be During the Forecast Period?

Medical Imaging Market Size

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Parent Market Analysis

Technavio categorizes the global medical imaging market as a part of the global healthcare equipment market. The parent global healthcare equipment market covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Medical Imaging Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing prevalence of chronic conditions is notably driving the medical imaging market growth, although factors such as high costs associated with medical imaging may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Medical Imaging Market Driver

The increasing prevalence of chronic conditions is notably driving the medical imaging market growth. Medical imaging equipment is used for diagnosing severe and chronic conditions. In line with this, the increasing prevalence of chronic conditions, such as cancer, cardiovascular diseases, and neurological diseases, is expected to trigger the demand for diagnostic products, including medical imaging systems, and subsequently drive market growth during the forecast period. The incidence of cancer and cardiovascular diseases is growing across the world.

According to the International Agency for Research on Cancer, in 2020, the age-adjusted rate of new cancer cases was 19.3 million. In addition, globally, the incidence of several respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma, and lung cancer, is increasing. The high incidence of cancer is increasing the demand for cancer screening and diagnoses, which is expected to drive the growth of the market. Similarly, the increasing prevalence of other chronic conditions, such as cardiovascular diseases and neurological disorders, will augment the demand for medical imaging systems during the forecast period.

Key Medical Imaging Market Trend

Integration of AI with medical imaging is the primary trend driving the medical imaging market growth. The integration of AI with medical imaging modalities and systems enables end-users to automate and standardize complex diagnostic procedures, improve patient experience and outcomes, and reduce the cost of care. It also enhances the features of medical imaging equipment, which drives the growth of the market.

Medical imaging generates a large volume of data from the results of X-rays, CT scans, MRIs, and other testing modalities. The analysis and interpretation of such data can be challenging, even for experienced clinical professionals. The integration of AI enables radiologists and technicians to increase productivity, improve accuracy, and reduce errors in diagnosis. Rising investments by key vendors in integrating AI with different medical imaging modalities, the emergence of AI medical imaging startups, and growing funding are likely to increase the adoption of AI in medical imaging. The integration of AI will improve the quality of medical imaging devices, which will drive the growth of the market.

Key Medical Imaging Market Challenge

High costs associated with medical imaging are the major challenge impeding the medical imaging market growth. The high cost associated with medical imaging equipment and related procedures is the major factor hindering the growth of the market. The high cost of medical imaging equipment and procedures can increase the cost burden on end-users and patients, respectively. 

The average cost of an MRI, CT scan, and X-ray procedure is USD 200 - USD 2,200; USD 50 - USD 1,500; and USD 50 - USD 450, respectively. The cost of these procedures includes hospital stays, facilities, and the fees of physicians and supporting staff. The cost of the procedure depends on the type of hospital setting (private/public hospitals, diagnostic clinics, and ASCs) as well. Moreover, the cost of diagnosis can vary depending on the healthcare infrastructure. The high costs associated with medical imaging procedures can reduce their adoption, especially in developing countries. This is expected to limit the growth of the market during the forecast period.

Key Medical Imaging Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates?in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Medical Imaging Market Share by Geography

Global Medical Imaging Market Customer Landscape

Who are the Major Medical Imaging Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market

Panasonic Holdings Corp. - The company's key offerings include medical imaging, such as GP-KH232CB and GP-KH232HU. It operates under multiple segments including appliances, automotive, connected solutions, etc. with a high focus on the appliances segment. Through this segment, the company offers heating and cooling solutions, home appliances, and smart living networks.

We also have detailed analyses of the market’s competitive landscape and offer information on 15 market vendors, including :

  • 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

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Medical Imaging Market?

The market share growth by the x-ray imaging segment will be significant during the forecast period. The increasing burden of chronic diseases and other medical conditions, such as injuries and accidents, will increase the use of X-ray systems. The X-ray systems segment of the medical imaging market has higher growth potential in applications such as interventional X-ray, mammography, and general radiography. For instance, interventional X-rays have been witnessing high demand in the US, driven by the increased need for non-surgical procedures. Thus, the advancements in the healthcare industry are expected to boost the growth of this market segment.

Medical Imaging Market Size

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The x-ray imaging segment showed a gradual increase in market share with USD 12.33 billion in 2017 and continued to grow by 2021. Advances in healthcare facilities and increased awareness about digital X-ray imaging owing to various programs and symposiums are expected to have a positive impact on the growth of the X-ray segment of the global medical imaging market. The demand for X-ray systems will likely grow at a moderate rate during the forecast period, owing to technological advances and the increased adoption of portable and mobile X-ray systems. The new generation of mobile X-ray units offers more advantages in terms of efficiency and cost savings than standalone X-ray systems. Wireless mobile X-ray systems offer flexibility to healthcare facilities, enabling them to share medical images between mobile systems or between fixed-room and mobile systems. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027.

The growth of this segment is primarily attributed to the increasing adoption of medical imaging devices by end-users in the healthcare industry, which is driven by an increase in the global demand for the medical imaging industry.

Which are the Key Regions for the Medical Imaging Market?

Medical Imaging Market Share by Geography

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North America is projected to contribute 36% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The medical imaging market in North America is expected to grow at a moderate rate during the forecast period. Factors such as the rising prevalence of chronic diseases, technological advances, new product launches, the growing number of awareness programs regarding the early diagnosis of diseases, and high healthcare spending by people are the major factors that drive the growth of the market in North America. The increasing prevalence of chronic diseases and the growing adoption of medical imaging procedures are influencing vendors to employ various market strategies, such as new product launches and partnerships with distributors, to strengthen their market presence. The growing number of regulatory approvals, coupled with technological advances in medical imaging modalities, is likely to drive the growth of the market in North America during the forecast period. 

The outbreak of COVID-19 had a negative impact on the demand for medical imaging devices in North America as the supply chain network for medical imaging equipment came to a halt in the first half of 2020, which decreased regional sales in early 2020. However, in January 2021, lockdown restrictions in various countries were somewhat relaxed, which helped in the resumption of business activities. With the lifting of lockdown restrictions across the region, the vendors could cater to the demand for medical imaging devices. Hence, the resumption of various preclinical studies and pharmaceutical operations is expected to boost the growth of the market in North America during the forecast period.

You may be interested in the regional reports:

APAC Medical Imaging market - The market share will grow steadily at a CAGR of close to 10% by 2021.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2028. The market has been segmented by product, end-user, and region.

  • Product Outlook (USD Billion, 2017 - 2027)
    • X-ray imaging
    • Ultrasound imaging
    • MRI
    • CT scanner imaging
    • SPECT/PET imaging
  • End-user Outlook (USD Billion, 2017 - 2027)
    • Hospitals
    • Diagnostic imaging centers
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
    • Rest of World (ROW)
      • Latin America
      • South Africa
      • Rest of the Middle East & Africa

Medical Imaging Market Scope

Report Coverage

Details

Page number

182

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.7%

Market growth 2023-2027

USD 12.87 billion

Market structure

Fragmented

YoY growth (%)

5.24

Regional analysis

North America, Europe, Asia, and the Rest of the World (ROW)

Performing market contribution

North America at 36%

Key countries

US, Germany, France, UK, and Japan

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Medical Imaging Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the medical imaging market between 2023 and 2027
  • Precise estimation of the medical imaging market size and its contribution to the parent market.
  • Accurate predictions about  upcoming trends and changes in consumer behaviour
  • Growth of the medical imaging industry across North America, Europe, Asia, and the Rest of the World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of carbon dioxide market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global medical imaging market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global medical imaging market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 X-ray imaging - Market size and forecast 2022-2027
      • Exhibit 34: Chart on X-ray imaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on X-ray imaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on X-ray imaging - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on X-ray imaging - Year-over-year growth 2022-2027 (%)
    • 6.4 Ultrasound imaging - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Ultrasound imaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Ultrasound imaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Ultrasound imaging - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Ultrasound imaging - Year-over-year growth 2022-2027 (%)
    • 6.5 MRI - Market size and forecast 2022-2027
      • Exhibit 42: Chart on MRI - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on MRI - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on MRI - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on MRI - Year-over-year growth 2022-2027 (%)
    • 6.6 CT scanner imaging - Market size and forecast 2022-2027
      • Exhibit 46: Chart on CT scanner imaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on CT scanner imaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on CT scanner imaging - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on CT scanner imaging - Year-over-year growth 2022-2027 (%)
    • 6.7 SPECT and PET imaging - Market size and forecast 2022-2027
      • Exhibit 50: Chart on SPECT and PET imaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on SPECT and PET imaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on SPECT and PET imaging - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on SPECT and PET imaging - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 57: Chart on Comparison by End-user
      • Exhibit 58: Data Table on Comparison by End-user
    • 7.3 Hospitals - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Hospitals - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Hospitals - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Hospitals - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Hospitals - Year-over-year growth 2022-2027 (%)
    • 7.4 Diagnostic imaging centers - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Diagnostic imaging centers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Diagnostic imaging centers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Diagnostic imaging centers - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Diagnostic imaging centers - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 71: Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 75: Chart on Geographic comparison
      • Exhibit 76: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Asia - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.9 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.10 France - Market size and forecast 2022-2027
      • Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 Agfa Gevaert NV
              • Exhibit 120: Agfa Gevaert NV - Overview
              • Exhibit 121: Agfa Gevaert NV - Business segments
              • Exhibit 122: Agfa Gevaert NV - Key offerings
              • Exhibit 123: Agfa Gevaert NV - Segment focus
            • 12.4 Agilent Technologies Inc.
              • Exhibit 124: Agilent Technologies Inc. - Overview
              • Exhibit 125: Agilent Technologies Inc. - Business segments
              • Exhibit 126: Agilent Technologies Inc. - Key news
              • Exhibit 127: Agilent Technologies Inc. - Key offerings
              • Exhibit 128: Agilent Technologies Inc. - Segment focus
            • 12.5 Boston Scientific Corp.
              • Exhibit 129: Boston Scientific Corp. - Overview
              • Exhibit 130: Boston Scientific Corp. - Business segments
              • Exhibit 131: Boston Scientific Corp. - Key news
              • Exhibit 132: Boston Scientific Corp. - Key offerings
              • Exhibit 133: Boston Scientific Corp. - Segment focus
            • 12.6 Canon Inc.
              • Exhibit 134: Canon Inc. - Overview
              • Exhibit 135: Canon Inc. - Business segments
              • Exhibit 136: Canon Inc. - Key offerings
              • Exhibit 137: Canon Inc. - Segment focus
            • 12.7 Danaher Corp.
              • Exhibit 138: Danaher Corp. - Overview
              • Exhibit 139: Danaher Corp. - Business segments
              • Exhibit 140: Danaher Corp. - Key news
              • Exhibit 141: Danaher Corp. - Key offerings
              • Exhibit 142: Danaher Corp. - Segment focus
            • 12.8 FUJIFILM Holdings Corp
              • Exhibit 143: FUJIFILM Holdings Corp - Overview
              • Exhibit 144: FUJIFILM Holdings Corp - Business segments
              • Exhibit 145: FUJIFILM Holdings Corp - Key offerings
              • Exhibit 146: FUJIFILM Holdings Corp - Segment focus
            • 12.9 General Electric Co.
              • Exhibit 147: General Electric Co. - Overview
              • Exhibit 148: General Electric Co. - Business segments
              • Exhibit 149: General Electric Co. - Key news
              • Exhibit 150: General Electric Co. - Key offerings
              • Exhibit 151: General Electric Co. - Segment focus
            • 12.10 Hologic Inc.
              • Exhibit 152: Hologic Inc. - Overview
              • Exhibit 153: Hologic Inc. - Business segments
              • Exhibit 154: Hologic Inc. - Key news
              • Exhibit 155: Hologic Inc. - Key offerings
              • Exhibit 156: Hologic Inc. - Segment focus
            • 12.11 Konica Minolta Inc.
              • Exhibit 157: Konica Minolta Inc. - Overview
              • Exhibit 158: Konica Minolta Inc. - Business segments
              • Exhibit 159: Konica Minolta Inc. - Key news
              • Exhibit 160: Konica Minolta Inc. - Key offerings
              • Exhibit 161: Konica Minolta Inc. - Segment focus
            • 12.12 Koninklijke Philips NV
              • Exhibit 162: Koninklijke Philips NV - Overview
              • Exhibit 163: Koninklijke Philips NV - Business segments
              • Exhibit 164: Koninklijke Philips NV - Key news
              • Exhibit 165: Koninklijke Philips NV - Key offerings
              • Exhibit 166: Koninklijke Philips NV - Segment focus
            • 12.13 Medtronic Plc
              • Exhibit 167: Medtronic Plc - Overview
              • Exhibit 168: Medtronic Plc - Business segments
              • Exhibit 169: Medtronic Plc - Key news
              • Exhibit 170: Medtronic Plc - Key offerings
              • Exhibit 171: Medtronic Plc - Segment focus
            • 12.14 Panasonic Holdings Corp.
              • Exhibit 172: Panasonic Holdings Corp. - Overview
              • Exhibit 173: Panasonic Holdings Corp. - Business segments
              • Exhibit 174: Panasonic Holdings Corp. - Key news
              • Exhibit 175: Panasonic Holdings Corp. - Key offerings
              • Exhibit 176: Panasonic Holdings Corp. - Segment focus
            • 12.15 Samsung Electronics Co. Ltd.
              • Exhibit 177: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 178: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 179: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 180: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 181: Samsung Electronics Co. Ltd. - Segment focus
            • 12.16 Shanghai United Imaging Healthcare Co. Ltd.
              • Exhibit 182: Shanghai United Imaging Healthcare Co. Ltd. - Overview
              • Exhibit 183: Shanghai United Imaging Healthcare Co. Ltd. - Product / Service
              • Exhibit 184: Shanghai United Imaging Healthcare Co. Ltd. - Key offerings
            • 12.17 STMicroelectronics NV
              • Exhibit 185: STMicroelectronics NV - Overview
              • Exhibit 186: STMicroelectronics NV - Business segments
              • Exhibit 187: STMicroelectronics NV - Key news
              • Exhibit 188: STMicroelectronics NV - Key offerings
              • Exhibit 189: STMicroelectronics NV - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 190: Inclusions checklist
                • Exhibit 191: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 192: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 193: Research methodology
                • Exhibit 194: Validation techniques employed for market sizing
                • Exhibit 195: Information sources
              • 13.5 List of abbreviations
                • Exhibit 196: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

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              Secondary sources

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              • Historical data
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              TechnavioDATA ANALYSIS

              Data Synthesis

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              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
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              • Five forces analysis

              Quantitative

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              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Medical Imaging market growth will increase by $12.87 billion during 2023-2027.
              The medical imaging market is expected to grow at a CAGR of 5.7% during 2023-2027.
              Technavio has segmented the medical imaging market by product (X-ray imaging, Ultrasound imaging, MRI, CT scanner imaging, and SPECT/PET imaging) ,end-user (Hospitals, Diagnostic imaging centers, Others, and ROW) , and geography (North America, Europe, Asia, and Rest of World (ROW)).
              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., Shenzhen Mindray BioMedical Electronics, Shimadzu Corp., Siemens AG, STMicroelectronics NV are a few of the key vendors in the medical imaging market.
              North America will register the highest growth rate of 35.82% among the other regions. Therefore, the medical imaging market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the medical imaging market growth are:
              • Increasing prevalence of chronic conditions
              • Integration of AI with medical imaging
              The medical imaging market vendors should focus on grabbing business opportunities from the x-ray imaging segment as it accounted for the largest market share in the base year.
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              • What are the factors influencing the growth of the parent market?
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