The Worldwide Diagnostic Imaging Industry is Expected to Reach $48.5 Billion by 2027 –

The Worldwide Diagnostic Imaging Industry is Expected to Reach $48.5 Billion by 2027 –

The Worldwide Diagnostic Imaging Industry is Expected to Reach $48.5 Billion by 2027 –

DUBLIN–(BUSINESS WIRE)–The “Diagnostic Imaging – Global Market Trajectory & Analytics” report has been added to’s offering.

Amid the COVID-19 crisis, the global market for Diagnostic Imaging estimated at US$33.5 Billion in the year 2020, is projected to reach a revised size of US$48.5 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027.

X-ray Imaging, one of the segments analyzed in the report, is projected to grow at a 5.3% CAGR to reach US$15.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the MRI segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 18.9% share of the global Diagnostic Imaging market.

The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.2% CAGR for the Period of 2020-2027

The Diagnostic Imaging market in the U.S. is estimated at US$9.1 Billion in the year 2020. The country currently accounts for a 27.1% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$10.1 Billion in the year 2027 trailing a CAGR of 8.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach US$10.1 Billion by the year 2027.

Ultrasound Segment Corners a 20.8% Share in 2020

In the global Ultrasound segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.3 Billion in the year 2020 will reach a projected size of US$7.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.5 Billion by the year 2027, while Latin America will expand at a 6.1% CAGR through the analysis period.

Select Competitors (Total 66 Featured) –

  • Carestream Health, Inc.
  • Esaote SpA
  • FUJIFILM Holdings Corporation
  • GE Healthcare
  • Hitachi Ltd.
  • Koninklijke Philips NV
  • Samsung Medison Co., Ltd.
  • Shimadzu Corporation
  • Siemens Healthineers
  • Toshiba Medical Systems Corporation

Key Topics Covered:



  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Diagnostic Imaging – A Prelude
  • Global Diagnostic Imaging Market Set for a Strong Growth
  • Developed Regions: The Dominant Markets for Diagnostic Imaging
  • Developing Regions Exhibit the Fastest Growth
  • Increase in Number of Hospitals & Clinics Infuses Momentum in Developing Regions
  • Key Players
  • Segment Analysis
  • MRI Dominates the Global Diagnostic Imaging Market
  • Global MRI Market by Application (2019): Percentage Breakdown of Procedure Volume for Brain, Cardiac & Vascular, Extremities, Full Body, Mammography, Spine and Others
  • Computed Tomography System (CT Scanner)
  • Ultrasound
  • X-Ray
  • Nuclear Medicine
  • SPECT Dominates the Nuclear Medicine Market
  • Worldwide Installed Base of Nuclear Imaging Equipment by Modality (2019): Percentage Breakdown of Units Installed for PET and SPECT
  • PET
  • Rapidly Growing Geriatric Population and the Rise in Associated Diseases Catalyze Growth
  • Rapidly Aging Population Spurs Demand for Diagnostic Imaging: Global Population of 65+ Individuals (In 000s) by Region for the Years 2015, 2020, 2025, 2030 & 2050
  • Rising Incidence of Chronic Diseases Propels the Demand for Medical Imaging
  • Rising Prevalence of Chronic Diseases Amplifies the Volume of Diagnostic Imaging Procedures: Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
  • Growing Emphasis on Early Diagnosis is a Driving Factor for Diagnostic Imaging
  • Rising Healthcare Expenditure Impels Global Market
  • Oncology Diagnostic Imaging to Witness Rapid Growth
  • Global Cancer Incidence by Type: 2018
  • Technological Innovations Drive the Global Diagnostic Imaging Market
  • Growing Adoption of Hybrid Diagnostic Imaging Modalities
  • PET-CT: The Most Successful Fusion Imaging Technique
  • PET/MRI Continues to Makes Inroads
  • Ultrasound and MRI Imaging: An Efficient Combination
  • Rapid Adoption of Contrast-Enhanced Ultrasound (CEUS) Drives Market Growth
  • CT Imaging Gains Popularity
  • CCTA Gaining Traction in Coronary Arteries Imaging



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