Medical Imaging Equipment Market

Transparency Market Research
Global Medical Imaging Equipment Market: X-ray Imaging Devices Constituted Largest
Segment in 2014, Ultrasound Systems to Grow most Rapidly
Published Date
143 Page Report
14-Sep-2014
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REPORT DESCRIPTION
With Evolution of Diagnostic Modalities, Medical Imaging Equipment Market Finds
Newer Growth Sphere
Medical imaging has undergone tremendous advancement over the past decade. The reason cited for this is the need to
improved diagnostic yield and to reduce turnaround time through robust information management, with the ultimate
aim to improve patient outcome.
The origin of the technology is traced back to November 1895. Modern medical imaging equipment looks very different
from the one used a hundred years ago, however, the fundamental physics and principles behind the procedures remain
the same.
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Diagnostic imaging as it is known today was discovered by German professor Wilhelm Conrad Röntgen. In November
1895, he discovered that highly energetic ‘rays’, which he called X-rays, penetrated solid organic material and further
induced a chemical process on a photographic plate. Röntgen named the rays thus only because a name hadn’t been
invented yet, but the nomenclature stuck; in many languages, though, the rays came to be known as Röntgen rays.
Notably, he was also aware of the risks of overexposure to X-rays and regularly used protective material during his
demonstrations. Due to his breakthrough contribution to the field, Röntgen is considered the father of diagnostic
radiology.
With new imaging modalities such as magnetic resonance and ultrasonography coming into use, the need for X-raybased investigations may have declined substantially over the past few years, however, more than two-thirds of the
total diagnostic procedures carried out are still based on the principles that Röntgen discovered over a hundred years
ago.
Technological Innovation Ongoing in Medical Imaging Equipment
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Researchers at MIT (Massachusetts Institute of Technology) have developed a way that replaces complex, expensive
imaging equipment with relatively inexpensive equipment.
Fluorescence lifetime imaging, as the technique is called, pairs a Microsoft Kinect sensor with sophisticated
mathematical modeling that can perform the task of a lab microscope. Same as the ubiquitous technique that ‘glow in
the dark’ materials work on, the newly developed apparatus depends on the property of fluorescence, wherein the use
of a fluorescent dye reveals the chemical composition of a biological sample by measuring the time interval between the
absorption and emission of light in the same.
X-ray Diagnostics Crucial for Medical Imaging-based Treatments
The consistent advancements in medical imaging technology and its associated equipment hold promise for the several
industry sectors that thrive on these developments. Owing to this, the global medical imaging equipment market will
expand at a CAGR of 5.60% from 2015 to 2023, say analysts at leading market analysis firm Transparency Market
Research (TMR).
X-ray imaging devices are the most widely used among all imaging devices, says the TMR study. Easy availability of and
patient confidence in X-rays based diagnostics support the popularity of these imaging devices. With the rising incidence
of cardiovascular, oral, genitourinary, respiratory, and gastrointestinal disorders across the world, the dependence on Xray diagnostics is on the rise.
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Another major use of X-ray devices lies in treating dental health. According to statistics of the World Health
Organization, around 60% to 90% school children and 80% to 90% adults that are in the age group of 19 to 34 years
suffer from dental cavities. The presence of oral cancer is alarming: 1-10 individuals per every 100,000 individuals suffer
from the condition across the globe. Due to these two factors, the global X-ray market and consequently the global
medical imaging equipment market receives a boost.
TABLE OF CONTENT
Table of Content
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Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
1.4 Assumptions
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Medical Imaging Equipment Market
2.2 Comparative Analysis: Global Medical Equipment Market Revenue, by Geography, 2014 & 2023 (Value %)
Chapter 3 Global Medical Imaging Equipment Market Overview
3.1 Introduction
3.2 Market Drivers
3.2.1 Increase in demand for 3D medical imaging equipment
3.2.2 Rise in incidence of target diseases
3.2.3 Rise in geriatric population worldwide
3.2.4 Rise in government and private body initiatives
3.3 Market Restraints
3.3.1 Increasing pressure on health care budgets in the U.S.
3.3.2 Low adoption of digital technology-based systems, conventional CT, and MRI scanners among patients
3.3.3 Excise duty imposed on medical device manufacturers
3.4 Market Opportunities
3.4.1 Cloud-based Medical Imaging
3.5 Porter’s Five Forces Analysis: Global Medical Imaging Equipment Market
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Buyers
3.5.3 Threat of Substitutes
3.5.4 Threat of New Entrants
3.5.5 Competitive Rivalry
3.6 Market Attractiveness Analysis: Global Medical Imaging Equipment Market, by Geography
3.7 Competitive Landscape
3.7.1 X-ray Devices Market Share, by Key Players, 2014(%)
3.7.2 Magnetic Resonance Imaging (MRI) Equipment Market Share, by Key Players, 2014(%)
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3.7.3 Ultrasound Devices Market Share, by Key Players, 2014(%)
3.7.4 Computed Tomography (CT) Scanners Market Share, by Key Players, 2014(%)
3.7.5 Nuclear Imaging Equipment Market Share, by Key Players, 2014(%)
Chapter 4 Global Medical Imaging Equipment Market, by Product Types
4.1 Introduction
4.1.1 Global Medical Imaging Equipment Market Revenue, by Product Type, 2013 – 2023 (USD Million)
4.2 X-ray Devices
4.2.1 Global X-Ray Devices Market Revenue, by Product Type, 2013 – 2023 (USD Million)
4.2.2 Global X-Ray Devices Market Volume, by Product Type, 2013 – 2023 (No. of Units)
4.2.3 Stationary X-Ray Devices
4.2.3.1 Global Stationary X-Ray Devices Market Revenue, 2013 – 2023 (USD Million)
4.2.4 Portable X-Ray Devices
4.2.4.1 Global Portable X-Ray Devices Market Revenue, 2013 – 2023 (USD Million)
4.3 Ultrasound Systems
4.3.1 Global Ultrasound Devices Market Revenue, by Product Type, 2013 – 2023 (USD Million)
4.3.2 Global Ultrasound Devices Market Volume, by Product Type, 2013 – 2023 (No. of Units)
4.3.3 Cart/Trolley Based Ultrasound Systems
4.3.3.1 Global Cart/Trolley Based Ultrasound Systems Market Revenue, 2013 – 2023 (USD Million)
4.3.4 Compact/Portable Ultrasound Systems
4.3.4.1 Global Compact/Portable Ultrasound Systems Market Revenue, 2013 – 2023 (USD Million)
4.4 Computer Tomography (CT) Scanners
4.4.1 Global CT Scanners Market Revenue, by Product Type, 2013 – 2023 (USD Million)
4.4.2 Global CT Scanners Market Volume, by Product Type, 2013 – 2023 (No. of Units)
4.4.3 Stationary CT Scanners
4.4.3.1 Global Stationary CT Scanners Market Revenue, 2013 – 2023 (USD Million)
4.4.4 Portable CT Scanners
4.4.4.1 Global Portable CT Scanners Market Revenue, 2013 – 2023 (USD Million)
4.5 Magnetic Resonance Imaging (MRI) Equipment
4.5.1 Global MRI Equipment Market Revenue, by Product Type, 2013 – 2023 (USD Million)
4.5.2 Global MRI Equipment Market Volume, by Product Type, 2013 – 2023 (No. of Units)
4.5.3 Closed MRI Equipment
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4.5.3.1 Global Closed MRI Equipment Market Revenue, 2013 – 2023 (USD Million)
4.5.4 Open MRI Equipment
4.5.4.1 Global Open MRI Equipment Market Revenue, 2013 – 2023 (USD Million)
4.6 Nuclear Imaging Equipment
4.6.1 Global Nuclear Imaging Equipment Market Revenue, by Product Type, 2013 – 2023 (USD Million)
4.6.2 Global Nuclear Imaging Equipment Market Volume, by Product Type, 2013 – 2023 (No. of Units)
4.6.3 Single Photon Emission Computed Tomography (SPECT) Scanners
4.6.3.1 Global SPECT Scanners Market Revenue, 2013 – 2023 (USD Million)
4.6.4 Positron Emission Tomography (PET) Scanners
4.6.4.1 Global PET Scanners Market Revenue, 2013 – 2023 (USD Million)
Chapter 5 Global Medical Imaging Equipment Market, by Technology
5.1 Introduction
5.2 X-ray Devices
5.2.1 Global X-Ray Devices Market Revenue, by Technology, Product Type, 2013 – 2023 (USD Million)
5.2.2 Global X-Ray Devices Market Volume, by Technology, 2013 – 2023 (No. of Units)
5.2.3 Analog X-ray Technology
5.2.3.1 Global Analog X-Ray Devices Market Revenue, 2013 – 2023 (USD Million)
5.2.4 Digital Radiography (DR)
5.2.4.1 Global Digital Radiography X-Ray Devices Market Revenue, 2013 – 2023 (USD Million)
5.2.5 Computed Radiography (CR)
5.2.5.1 Global Computed Radiography (CR) X-Ray Devices Market Revenue, 2013 – 2023 (USD Million)
5.3 Ultrasound Systems
5.3.1 Global Ultrasound Devices Market Revenue, by Technology, 2013 – 2023 (USD Million)
5.3.2 Global Ultrasound Devices Market Volume, by Technology, 2013 – 2023 (No. of Units)
5.3.3 2-D Ultrasound Imaging Technology
5.3.3.1 Global 2-D Ultrasound Imaging Technology Market Revenue, 2013 – 2023 (USD Million)
5.3.4 3-D & 4-D Ultrasound Imaging Technology
5.3.4.1 Global 3-D & 4-D Ultrasound Imaging Technology Market Revenue, 2013 – 2023 (USD Million)
5.3.5 Doppler Ultrasound Technology
5.3.5.1 Global Doppler Ultrasound Technology Market Revenue, 2013 – 2023 (USD Million)
5.3.6 HIFU
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5.3.6.1 Global HIFU Market Revenue, 2013 – 2023 (USD Million)
5.3.7 Lithotripsy
5.3.7.1 Global Lithotripsy Market Revenue, 2013 – 2023 (USD Million)
5.4 Computed Tomography Scanners
5.4.1 Global CT Scanners Market Revenue, by Technology, 2013 – 2023 (USD Million)
5.4.2 Global CT Scanners Market Volume, by Technology, 2013 – 2023 (No. of Units)
5.4.3 Low-Slice CT Scanners (<64 Slices)
5.4.3.1 Global Low-Slice CT Scanners Market Revenue, 2013 – 2023 (USD Million)
5.4.4 Medium-Slice CT Scanners (64 Slices)
5.4.4.1 Global Medium-Slice CT Scanners Market Revenue, 2013 – 2023 (USD Million)
5.4.5 High-Slice Scanners (>64 Slices)
5.4.5.1 Global High-Slice Scanners Market Revenue, 2013 – 2023 (USD Million)
5.5 Magnetic Resonance Imaging (MRI) Equipment
5.5.1 Global MRI Equipment Market Revenue, by Technology, 2013 – 2023 (USD Million)
5.5.2 Global MRI Equipment Market Volume, by Technology, 2013 – 2023 (No. of Units)
5.5.3 High-Field MRI
5.5.3.1 Global High-Field MRI Market Revenue, 2013 – 2023 (USD Million)
5.5.4 Mid-Field MRI
5.5.4.1 Global Mid-Field MRI Market Revenue, 2013 – 2023 (USD Million)
5.5.5 Low-Field MRI
5.5.5.1 Global Low-Field MRI Market Revenue, 2013 – 2023 (USD Million)
Chapter 6 Global Medical Imaging Equipment Market, by Geography
6.1 Overview
6.1.1 Global Medical Imaging Equipment Market Revenue, by Geography, 2013 – 2023 (USD Million)
6.1.2 Global Medical Imaging Equipment Market Volume, by Geography, 2013 – 2023 (No. of Units)
6.2 North America
6.2.1 North America Medical Imaging Equipment Market Revenue, by Geography, 2013 – 2023 (USD Million)
6.2.2 North America Medical Imaging Equipment Market Volume, by Geography, 2013 – 2023 (No. of Units)
6.3 Europe
6.3.1 Europe Medical Imaging Equipment Market Revenue, by Geography, 2013 – 2023 (USD Million)
6.3.2 Europe Medical Imaging Equipment Market Volume, by Geography, 2013 – 2023 (No. of Units)
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6.4 Asia Pacific
6.4.1 Asia Pacific Medical Imaging Equipment Market Revenue, by Geography, 2013 – 2023 (USD Million)
6.4.2 Asia Pacific Medical Imaging Equipment Market Volume, by Geography, 2013 – 2023 (No. of Units)
6.5 Latin America
6.5.1 Latin America Medical Imaging Equipment Market Revenue, by Geography, 2013 – 2023 (USD Million)
6.5.1 Latin America Medical Imaging Equipment Market Volume, by Geography, 2013 – 2023 (No. of Units)
6.6 Middle East & Africa
6.6.1 Middle East and Africa (MEA) Medical Imaging Equipment Market Revenue, by Geography, 2013 – 2023
(USD Million)
6.6.1 Middle East and Africa (MEA) Medical Imaging Equipment Market Volume, by Geography, 2013 – 2023
(No. of Units)
Chapter 7 Recommendations
7.1 Market Strategies for Success
7.1.1 Focus on reducing cost of imaging equipment
7.1.2 Investing in emerging economies such as China, India, Brazil, and Russia
Chapter 8 Company Profiles
8.1 Carestream Health, Inc.
8.1.1 Company Overview
8.1.2 Financial Overview
8.1.3 Product portfolio
8.1.4 Business Strategies
8.1.5 Recent Developments
8.2 Fonar Corporation
8.2.1 Company Overview
8.2.2 Financial Overview
8.2.3 Product Portfolio
8.2.4 Business Strategies
8.2.5 Recent Developments
8.3 Fujifilm Holdings Corporation
8.3.1 Company Overview
8.3.2 Financial Overview
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8.3.3 Product Portfolio
8.3.4 Business strategies
8.3.5 Recent Developments
8.4 GE Healthcare
8.4.1 Company Overview
8.4.2 Financial Overview
8.4.3 Product Portfolio
8.4.4 Business Strategies
8.4.5 Recent Developments
8.5 Hitachi Medical Corporation
8.5.1 Company Overview
8.5.2 Financial Overview
8.5.3 Product Portfolio
8.5.4 Business Strategies
8.5.5 Recent Developments
8.6 Hologic, Inc.
8.6.1 Company overview
8.6.2 Financial Overview
8.6.3 Product Portfolio
8.6.4 Business Strategies
8.6.5 Recent Developments
8.7 Philips Healthcare
8.7.1 Company Overview
8.7.2 Financial Overview
8.7.3 Product Portfolio
8.7.4 Business Strategies
8.7.5 Recent Developments
8.8 Samsung Medison Co. Ltd
8.8.1 Company Overview
8.8.2 Product Portfolio
8.8.3 Business Strategies
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8.8.4 Recent Developments
8.9 Shimadzu Corporation
8.9.1 Company Overview
8.9.2 Financial Overview
8.9.3 Product Portfolio
8.9.4 Business Strategies
8.9.5 Recent Developments
8.10 Siemens Healthcare
8.10.1 Company Overview
8.10.2 Financial Overview
8.10.3 Product Portfolio
8.10.4 Business Strategies
8.10.5 Recent Developments
8.11 Toshiba Corporation
8.11.1 Company Overview
8.11.2 Financial Overview
8.11.3 Product Portfolio
8.11.4 Business Strategies
8.11.5 Recent Developments
About Us
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and
consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical,
chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR
research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape,
detailed segmentation, key trends, and strategic recommendations.
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Medical imaging has undergone tremendous advancement over the past decade. The reason cited for this is the need to improved diagnostic yield and to reduce turnaround time through robust information management, with the ultimate aim to improve patient outcome.