Global Diagnostic Imaging Equipment Market Report 2020 - Opportunities And Strategies, Market Forecast And Trends

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The global diagnostic imaging equipment market is expected to decline from $44.3 billion in 2019 to $36.5 billion in 2020 at a compound annual growth rate (CAGR) of -17.7%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The governments across the countries prioritized COVID-19 screening and imaging is not routinely used to screen for COVID-19. Also, most of the factories manufacturing diagnostic imaging equipment such as X-ray systems, ultrasound systems, computed tomography (CT) scanners, and MRI systems and/or their components, are currently shutdown in order to keep the staff safe and contain the spread. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $54.2 billion in 2023.

The diagnostic devices (or) equipment market consists of sales of diagnostic equipment and related services by entities (organizations, sole traders and partnerships) that produce diagnostic equipment used in diagnosis of various diseases. This industry includes establishments that produce diagnosis equipment such as X-ray systems, ultrasound systems, computed tomography (CT) scanners, magnetic resonance imaging systems and other diagnostics equipment.

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The global diagnostic imaging equipment market is further segmented based on type, end-user, type of expenditure, product and geography.
By Type: X-Ray Systems Devices And Equipment, Ultrasound Systems Devices And Equipment, Computed Tomography (CT) Scanners Devices And Equipment, Magnetic Resonance Imaging Systems Devices And Equipment, Cardiovascular Monitoring And Diagnostic Devices And Equipment, Nuclear Imaging Devices And Equipment.
By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
By Type of Expenditure: Public, Private.
By Product: Instruments/Equipment, Disposables.
By Geography: The global diagnostic imaging equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American diagnostic imaging equipment market accounts for the largest share of 45% in the global diagnostic imaging equipment market 2019.

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Trends In The Diagnostic Imaging Equipment Market
Portable diagnostic equipment is expected to be a fast-growing segment, and competitors are focusing on developing new and innovative portable equipment during the forecast period. Owing to their ease of use and point-of-care applications, their adoption rates are steadily increasing not only for emergency and intensive care units in hospitals, but also as a part of homecare organizations. There is also a growing need for portable devices in the emergency care units for easy and quick usage, faster interventions for acute events, and better monitoring.
Diagnostic Imaging Equipment Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides diagnostic imaging equipment market overviews, analyzes and forecasts market size and growth for the global diagnostic imaging equipment market, diagnostic imaging equipment market share, diagnostic imaging equipment market players, diagnostic imaging equipment market segments and geographies, diagnostic imaging equipment market’s leading competitors’ revenues, profiles and market shares. The diagnostic imaging equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.