# The Medical Imaging Equipment Market to witness innovation-oriented sustenance
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-26
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Global Medical Imaging Equipment Market Growth Forecast 2023
Meta Description: Discover how AI and machine learning are revolutionising medical scans to spot abnormalities with ease. Increase in healthcare reforms and rise in demand for
URL: https://financedigest.com/the-medical-imaging-equipment-market-to-witness-innovation-oriented-sustenancehtml

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The Medical Imaging Equipment Market is expected to grow on a persistent note in the future. With AI making its mark everywhere, how could the healthcare vertical be left behind. Abnormalities in the medical scans could be easily spotted by radiologists with the help of machine learning. Likewise, the healthcare vertical is poised to develop on a ravishing note with [technological advancements](https://www.financedigest.com/the-3d-cell-cultures-market-to-take-a-technologically-advanced-somersault.html "The 3D Cell Cultures Market To Take A Technologically Advanced Somersault") on the anvil in the next decade.

According to a new market report published by Persistence Market Research “ **Global Market Study on Medical Imaging Equipment,”** the [**global medical imaging equipment market**](https://www.persistencemarketresearch.com/market-research/medical-imaging-equipment-market.asp) was valued at **US$ 29.4 Bn** in 2015 and is expected to reach **US$ 45.3 Bn** by 2023, growing at a **CAGR of 5.6%** during the forecast period from 2015 to 2023.

**Get Sample Copy of this Report@** [**https://www.persistencemarketresearch.com/samples/11215**](https://www.persistencemarketresearch.com/samples/11215)

Improvement in health care reforms in major countries such as Japan, the U.S., China, and U.K. has enhanced [access to various diagnostic and treatment services thereby increasing](https://www.financedigest.com/rci-bank-increases-easy-access-interest-rate-to-1-02.html "Rci Bank Increases Easy Access Interest Rate To 1.02%") life expectancy of the population. Rise in geriatric population is expected to intensify the [need for healthcare products and services](https://www.financedigest.com/top-5-seo-services-you-need-to-succeed-in-2022.html "Top 5 SEO Services You Need To Succeed In 2022") in these countries.

**Company Profiles:**

- GE Healthcare,
- Shimadzu Corporation,
- Philips Healthcare,
- Genesis Medical Imaging inc.,
- Hologic Inc.,
- Siemens Healthcare,
- Samsung Medison Co. Ltd,
- Carestream Health Inc.,
- Hitachi Medical Corporation,
- Fujifilm Holdings Corporation,
- Toshiba Corporation and Fonar Corporation

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Moreover, the [rising incidence of diseases across the globe continue to increase the demand](https://www.financedigest.com/uk-home-asking-prices-rise-tax-cuts-to-spur-demand-rightmove.html "UK home asking prices rise, tax cuts to spur demand: Rightmove") for diagnosis equipment, particularly non-invasive imaging solutions. According to the [World Health Organization](https://www.financedigest.com/corporate-events-in-the-post-corona-world-how-to-organize-them-at-best.html "Corporate events in the post-Corona world, how to organize them at best") (WHO), an estimated 17.5 Mn people died due to cardiovascular diseases in 2012, accounting for approximately 31% of global deaths. Moreover, 235 Mn people were diagnosed with asthma across the world in 2014.

On account of all these factors, the global medical imaging equipment [market is expected to grow at a CAGR](https://www.financedigest.com/the-bicycle-tire-market-to-witness-an-exhilarating-cagr-of-7-7-between-2021-and-2031.html "The Bicycle Tire Market to witness an exhilarating CAGR of 7.7% between 2021 and 2031") of 5.6% during the forecast period from 2015 to 2023.  The [market is driven](https://www.financedigest.com/the-socks-market-to-be-driven-by-the-non-stoical-approach.html "The Socks Market To Be Driven By The Non-Stoical Approach") by the major developed economies of the U.S., Europe, and Asia Pacific. However, emerging markets, particularly, China, India and Brazil are expected to be the fastest growing [market in terms of CAGR](https://www.financedigest.com/specialty-fats-and-oils-market-foreseen-to-witness-6-6-cagr-during-2018-2026-tmr.html "Specialty Fats and Oils Market Foreseen to Witness 6.6% CAGR during 2018 – 2026 | TMR") during the forecast period.

With a share of more than 30% in 2015, North America was the largest market for medical imaging equipment primarily due to high awareness about medical imaging devices financial capability to purchase expensive machines, rising demand for technologically advanced and innovative products in hospitals, diagnostics laboratories and outpatient ambulatory surgery centers, and high [investment in improving healthcare](https://www.financedigest.com/agnellis-exor-eyes-further-healthcare-investment-for-expansion.html "Agnellis’ Exor eyes further healthcare investment for expansion") infrastructure. Obesity is one of the major causes of several [diseases of cardiovascular system that has led to increase in demand for diagnostic](https://www.financedigest.com/the-infectious-diseases-diagnostics-market-to-ride-on-procedure-simulations.html "The Infectious Diseases Diagnostics Market to ride on procedure simulations") imaging in the U.S.

According to the Centers for Disease Control and Prevention (CDC), the percentage of obese children aged between 6 years and 11 years increased from 7% in 1980 to 18% in 2012 in the U.S. In addition, increasing healthcare expenditure in the U.S. in recent years has also assisted in dramatic rise in the usage of medical imaging.

Emerging economies such as China, India, Indonesia, Malaysia, Singapore and Thailand are providing much [needed boost to the medical imaging equipment market](https://www.financedigest.com/why-markets-need-a-players-more-than-ever-before.html "Why markets need A-Players more than ever before"). The Asia Pacific [market is driven by demand for refurbished imaging systems as more equipment](https://www.financedigest.com/personal-protective-equipment-market-notable-developments-geographical-outlook.html "Personal Protective Equipment Market: Notable Developments & Geographical Outlook") are needed with less funds dedicated to healthcare budgets.

However, demand for new devices that offer superior imaging, speed, flexibility and portability are also being adopted in China and India, countries with the largest [market potential](https://www.financedigest.com/intracranial-pressure-monitors-market-is-set-for-a-potential-growth-worldwide.html "Intracranial Pressure Monitors Market is Set for a Potential Growth Worldwide"). Europe was ranked third, in [terms of market](https://www.financedigest.com/chemical-injection-metering-pumps-valves-market-to-surge-at-a-robust-pace-in-terms-of-revenue-over-2021-2031.html "Chemical Injection Metering Pumps & Valves Market to Surge at a Robust Pace in Terms of Revenue over 2021 – 2031") size, after North America and Asia Pacific. Demand in the region is similar to North America, wherein demand for advanced equipment for all modalities is higher. Western Europe, which includes major economies such as Germany, U.K., France, and Italy, holds a major share in the region.

Others markets on the global map include Latin America and Middle East & Africa. As the markets in the developed [world are becoming](https://www.financedigest.com/snowboarding-british-teenager-brookes-becomes-the-youngest-world-champion.html "Snowboarding-British teenager Brookes becomes the youngest world champion") saturated, most the market players are focusing on emerging markets in Brazil and member states of Gulf Cooperation Council. Looking at the proximity of Brazil to the U.S., major [market players](https://www.financedigest.com/multiplex-biomarker-imaging-market-growing-at-steady-cagr-of-12-to-2029-with-leading-players-in-market.html "Multiplex Biomarker Imaging Market Growing At Steady CAGR Of 12% To 2029 With Leading Players In Market") find it convenient to have manufacturing facilities in Brazil.

Therefore, the Latin America [market is poised to grow](https://www.financedigest.com/the-iv-tubing-sets-and-accessories-market-to-grow-on-a-satisfactory-note.html "The IV Tubing Sets and Accessories Market to grow on a satisfactory note") rapidly. In addition, the government efforts in GCC member states to invest in improving the healthcare infrastructure and promote [medical tourism are facilitating the demand for newer medical imaging equipment](https://www.financedigest.com/philips-subsidiary-to-pay-over-24-million-for-alleged-false-claims-for-medical-equipment.html "Philips subsidiary to pay over  million for alleged false claims for medical equipment").

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**The global medical imaging [equipment market](https://www.financedigest.com/food-holding-equipment-market-set-to-witness-an-uptick-size-us-5679-2-million-to-2033-future-market-insights-inc.html "Food Holding Equipment Market Set to Witness an Uptick Size US$ 5,679.2 Million to 2033: Future Market Insights, Inc.") is segmented into the following categories:**

**[Medical Imaging Equipment Market](https://www.financedigest.com/isoprene-rubber-latex-market-to-surpass-us-1-6-bn-as-demand-for-medical-gloves-surges-by-9-2-fmi.html "Isoprene Rubber Latex Market to Surpass US$ 1.6 Bn as Demand for Medical Gloves Surges by 9.2%: FMI "), by Product**

- X-Ray Devices
  - Stationary
  - Portable
- Ultrasound Systems
  - Cart/Trolley Based Ultrasound System
  - Compact/Portable Ultrasound System
- Computed Tomography (CT) Scanners
  - Stationary
  - Mobile
- Magnetic Resonance Imaging (MRI) Equipment
  - Closed
  - Open
- Nuclear Imaging Equipment
  - SPECT Scanner
  - PET Scanner

**[Medical Imaging Equipment Market](https://www.financedigest.com/artificial-intelligence-ai-to-catalyze-the-fine-medical-wire-market.html "Artificial Intelligence (AI) to catalyze the Fine Medical Wire Market"), by Technology**

- X-Ray Devices
  - Analog X-ray Technology
  - Digital Radiography
  - Computed Radiography
- Ultrasound Systems
  - 2-D
  - 3-D & 4-D
  - Doppler
  - High Intensity Frequency Ultrasound (HIFU)
  - Lithotripsy
- Computed Tomography (CT) Scanners
  - Stationary
  - Mobile
- Magnetic Resonance Imaging (MRI) Equipment
  - Low-Slice
  - Medium-Slice
  - High-Slice
- Nuclear Imaging Equipment
  - SPECT Scanner
  - PET Scanner

**Medical Imaging [Equipment Market](https://www.financedigest.com/planting-equipment-market-size-consumption-comparison-by-application-2021-2029.html "Planting Equipment Market Size Consumption Comparison By Application (2021-2029)"), by Geography**

- North America
  - U.S.
  - Canada
- Europe
  - U.K
  - Germany
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - Rest of Asia Pacific
- Latin America
  - Brazil
  - Rest of Latin America
- Middle East and Africa (MEA)
  - GCC Countries
  - Rest of MEA

**Related Reports:**

[**Rehabilitation Equipment Market**](https://www.persistencemarketresearch.com/market-research/rehabilitation-equipment-market.asp)

[**Medical X Ray Detectors Market**](https://www.persistencemarketresearch.com/market-research/medical-x-ray-detectors-market.asp)

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