We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress hp
Sign In
Advertise with Us
GLOBETECH PUBLISHING LLC

Download Mobile App




Global Diagnostic Imaging Market Projected to Reach USD 33 Billion by 2024

By MedImaging International staff writers
Posted on 01 Jun 2019
The global diagnostic imaging market is projected to grow at a CAGR of 5.5% from USD 25.7 billion in 2019 to USD 33.5 billion by 2024, driven by increasing demand for early disease diagnosis and widening scope of clinical applications, rapidly growing geriatric population and subsequent rise in associated diseases, technological advancements, and increasing investments, funds, and grants by public-private organizations. However, the high cost of diagnostic imaging systems, technological limitations associated with standalone systems, declining reimbursements and increasing regulatory burden in the US and shortage of helium availability are expected to limit the market growth to some extent.

These are the latest findings of MarketsandMarkets (Northbrook, IL, USA), a global market research company.

On the basis of product, the magnetic resonance imaging (MRI) systems segment accounted for the largest share of the global diagnostic imaging market in 2018, led by the growing demand for early and accurate diagnosis, high adoption of MRI systems among hospitals and diagnostic centers across the globe, and advances in technology. Based on application, diagnostic breast imaging and diagnostic vascular ultrasound are expected to register the highest and second-highest CAGR, respectively during the forecast period, driven by the growing demand for early diagnosis and technological advancements in diagnostic imaging modalities.

Geographically, the Asia Pacific region accounted for the second-largest share of the global diagnostic imaging market in 2018, led by increasing chronic diseases, growing awareness about the benefits of early disease diagnosis, improvements in healthcare systems, flourishing medical tourism in APAC countries, increasing government initiatives for modernizing healthcare infrastructure, and growing research activities related to the development of advanced diagnostic imaging modalities.

Related Links:
MarketsandMarkets

X-Ray Illuminator
X-Ray Viewbox Illuminators
New
Breast Localization System
MAMMOREP LOOP
New
Half Apron
Demi
Portable Color Doppler Ultrasound Scanner
DCU10

Channels

Ultrasound

view channel
Image: The new implantable device for chronic pain management is small and flexible (Photo courtesy of The Zhou Lab at USC)

Wireless Chronic Pain Management Device to Reduce Need for Painkillers and Surgery

Chronic pain affects millions of people globally, often leading to long-term disability and dependence on opioid medications, which carry significant risks of side effects and addiction.... Read more

Nuclear Medicine

view channel
Image: The diagnostic tool could improve diagnosis and treatment decisions for patients with chronic lung infections (Photo courtesy of SNMMI)

Novel Bacteria-Specific PET Imaging Approach Detects Hard-To-Diagnose Lung Infections

Mycobacteroides abscessus is a rapidly growing mycobacteria that primarily affects immunocompromised patients and those with underlying lung diseases, such as cystic fibrosis or chronic obstructive pulmonary... Read more

Imaging IT

view channel
Image: The new Medical Imaging Suite makes healthcare imaging data more accessible, interoperable and useful (Photo courtesy of Google Cloud)

New Google Cloud Medical Imaging Suite Makes Imaging Healthcare Data More Accessible

Medical imaging is a critical tool used to diagnose patients, and there are billions of medical images scanned globally each year. Imaging data accounts for about 90% of all healthcare data1 and, until... Read more
Copyright © 2000-2025 Globetech Media. All rights reserved.