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North America Medical Imaging Market

2021

North America Medical Imaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (CT Systems, X-ray Systems, PET Systems, MRI systems, Ultrasound Systems, and Others); End User (Hospitals, OP Centers, Clinicians Offices, and Emergency Care Centers)

Publication Month: Oct 2021 | Report Code: TIPRE00025113 | No. of Pages: 140 | Category: Medical Device | Status: Published

Market Insights

North America Medical Imaging Market to Grow at a CAGR of 4.5% to reach US$ 10,986.5 million Million from 2021 to 2028

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The medical imaging market in North America is expected to grow from US$ 8,083.5 million in 2021 to US$ 10,986.5 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.


The AI solution aims to offer support to radiologists focusing on body parts such as the chest, abdomen, spine, and head. Google’s DeepMind developed an AI system that can quickly detect over 50 eye disorders using routine medical scans. GE Healthcare introduced a new medical imaging tech in March in the form of the LOGIQ E10 radiology ultrasound system, which is integrated by AI to quickly capture data and reconstruct images. The digital system employs closed connectivity and advanced algorithms to ensure 48 times more data throughput and ten times the processing power of previous systems. Further, in Jan 2021 Carestream Health earned 70 new patents in medical imaging for advances in digital radiography, mobile imaging X-ray systems, and other healthcare technology areas. With the facts and statistics stated above, it is evident that the introduction of technologically advanced systems will drive the market growth during the forecast period.

North America is witnessing the growing number of COVID-19 cases. Additionally, Mexico and Canada cases are also growing. Due to coronavirus spreading, many cities are shutting down causing treatments and doctor’s appointment cancellation. Patients with serious health conditions, such as Cardiovascular, General Imaging, Musculoskeletal, OB and GYN, Vascular needs physical distancing with others, however, delays in such chronic disease treatments are distressing. However, In the situation of COVID-19 many companies such as Siemens Healthineers, General Electric Company are taking initiative in the United States, used imaging techniques such as CT and ultrasounds to scan the lungs of patients as a part of the treatment of COVID-19. For instance, Siemens Healthineers, is providing lung ultrasound which is strongly recommended for acute respiratory failure and can be a useful alternative during the COVID-19 outbreak if CT is not readily available. Therefore, although there has been a disruption in manufacturing and supply chain models of the manufacturing companies, the heightened demand for computed tomography scans and imaging units led to spur in the market growth.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the medical imaging market. The North America medical imaging market is expected to grow at a good CAGR during the forecast period.

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North America Medical Imaging Market Segmentation

By Product

  • CT Systems
  • X-ray Systems
  • PET Systems
  • MRI systems
  • Ultrasound Systems
  • Others

By End User

  • Hospitals
  • OP Centres
  • Clinicians Offices
  • Emergency Care Centres

By Country

  • North America

    • US
    • Canada
    • Mexico

Companies Mentioned

  • General Electric Company
  • Siemens AG
  • Koninklijke Philips N.V.
  • Shimadzu Corporation
  • Hitachi, Ltd.
  • Canon Inc.
  • Hologic, Inc.
  • Carestream Health Inc.
  • ESAOTE SPA
  • Samsung Group

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Medical Imaging Market – By Product

1.3.2 Medical Imaging Market – By End User

1.3.3 North America Medical Imaging Market – By Country

2. North America Medical Imaging Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Medical Imaging Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Medical Imaging Market- North America PEST Analysis

4.3 Expert Opinion

5. North America Medical Imaging Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Introduction of Technologically Advanced Systems

5.1.2 Increasing Demand for Early Diagnosis

5.2 Market Restraints

5.2.1 Declining Reimbursements

5.3 Market Opportunities

5.3.1 Big Data and Analytics

5.4 Future Trends

5.4.1 3D Capabilities

5.5 Impact Analysis

6. Medical Imaging Market – North America Analysis

6.1 North America Medical Imaging Market Revenue Forecasts and Analysis

7. North America Medical Imaging Market Analysis and Forecasts To 2028 – By Product

7.1 Overview

7.2 Medical Imaging Market Revenue Share, by Product 2020 and 2028)

7.3 CT Systems

7.3.1 Overview

7.3.2 CT Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

7.4 X-Ray Systems

7.4.1 Overview

7.4.2 X-Ray Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

7.5 MRI Systems

7.5.1 Overview

7.5.2 MRI Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

7.6 PET Systems

7.6.1 Overview

7.6.2 PET Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

7.7 Ultrasound Systems

7.7.1 Overview

7.7.2 Ultrasound Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

7.8 Others

7.8.1 Overview

7.8.2 Others: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

8. Medical Imaging Market Analysis – By End User

8.1 Overview

8.2 Medical Imaging Market, by End User, 2020 and 2028 (%)

8.3 Hospitals

8.3.1 Overview

8.3.2 Hospitals: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

8.4 OP Centers

8.4.1 Overview

8.4.2 OP Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Clinician’s Office

8.5.1 Overview

8.5.2 Clinician’s Office: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Emergency Care Centers

8.6.1 Overview

8.6.2 Emergency Care Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

9. Medical Imaging Market Revenue and Forecasts to 2028 – Geographical Analysis

9.1 North America Medical Imaging Market, Revenue and Forecast to 2028

9.1.1 Overview

9.1.2 North America Medical Imaging Market, Revenue and Forecast to 2028, By Country (%)

9.1.3 US

9.1.3.1 US Medical Imaging Market, Revenue and Forecast to 2028 (US$ Mn)

9.1.3.2 US Medical Imaging Market, Revenue and Forecast to 2028, By Product (US$ Mn)

9.1.3.3 US Medical Imaging Market, Revenue and Forecast to 2028, By End User (US$ Mn)

9.1.4 Canada

9.1.4.1 Canada Medical Imaging Market, Revenue and Forecast to 2028 (US$ Mn)

9.1.4.2 Canada Medical Imaging Market, Revenue and Forecast to 2028, By Product (US$ Mn)

9.1.4.3 Canada Medical Imaging Market, Revenue and Forecast to 2028, By End User (US$ Mn)

9.1.5 Mexico

9.1.5.1 Mexico Medical Imaging Market, Revenue and Forecast to 2028 (US$ Mn)

9.1.5.2 Mexico Medical Imaging Market, Revenue and Forecast to 2028, By Product (US$ Mn)

9.1.5.3 Mexico Medical Imaging Market, Revenue and Forecast to 2028, By End User (US$ Mn)

10. Impact Of COVID-19 Pandemic on North America Medical Imaging Market

10.1 North America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Growth Strategies Done by the Companies in the Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 General Electric Company

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Siemens AG

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Koninklijke Philips N.V.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 SHIMADZU CORPORATION

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Hitachi, Ltd.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Canon Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Hologic, Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Carestream Health Inc.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 ESAOTE SPA

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Samsung Group

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary of Terms


LIST OF TABLES

Table 1. US Medical Imaging Market, Revenue and Forecast to 2028, By Product (US$ Mn)

Table 2. US Medical Imaging Market, Revenue and Forecast to 2028, By End User (US$ Mn)

Table 3. Canada Medical Imaging Market, Revenue and Forecast to 2028, By Product (US$ Mn)

Table 4. Canada Medical Imaging Market, Revenue and Forecast to 2028, By End User (US$ Mn)

Table 5. Mexico Medical Imaging Market, Revenue and Forecast to 2028, By Product (US$ Mn)

Table 6. Mexico Medical Imaging Market, Revenue and Forecast to 2028, By End User (US$ Mn)

Table 7. Organic Developments Done By Companies

Table 8. Inorganic Developments Done by Companies

Table 9. Glossary of Terms, Medical imaging Market


LIST OF FIGURES

Figure 1. Medical Imaging Market Segmentation

Figure 2. North America Medical Imaging Market Overview

Figure 3. X-ray Systems Segment Held Largest Share Of Product In Medical Imaging Market

Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period

Figure 5. Medical Imaging Market - North America PEST Analysis

Figure 6. Medical Imaging Market Impact Analysis of Driver and Restraints

Figure 7. North America Medical Imaging Market – Revenue Forecasts and Analysis – 2020- 2028

Figure 8. Medical Imaging Market Revenue Share, by Product (2020 and 2028)

Figure 9. CT Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 10. X-Ray Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 11. MRI Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 12. PET Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 13. Ultrasound Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 14. Others: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)

Figure 15. Medical Imaging Market, by End User, 2020 and 2028 (%)

Figure 16. Hospitals: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. OP Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Clinician’s Office: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Emergency Care Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. North America Medical Imaging Market Overview, By Country — 2020 (US$ Mn)

Figure 21. North America Medical Imaging Market, Revenue and Forecast to 2028, By Country (%)

Figure 22. US Medical Imaging Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 23. Canada Medical Imaging Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 24. Mexico Medical Imaging Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 25. Impact of COVID-19 Pandemic in North American Country Markets

Figure 26. Growth Strategies Done by the Companies in the Market, (%)

  1. General Electric Company               
  2. Siemens AG           
  3. Koninklijke Philips N.V.     
  4. Shimadzu Corporation      
  5. Hitachi, Ltd.           
  6. Canon Inc.              
  7. Hologic, Inc.          
  8. Carestream Health Inc.     
  9. ESAOTE SPA          
  10. Samsung Group

               

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America medical imaging market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America medical imaging market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the medical imaging market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
TIPRE00025113
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