Rising Demand for Diagnostic Imaging Devices in Oncology, Cardiology, and Neurology - Major Companies are Siemens Healthineers AG, GE HealthCare, Koninklijke Philips N.V.

Diagnostic Imaging Devices Market reached US$ 33.7 billion in 2024 and is expected to reach US$ 52.6 billion by 2033, growing at a CAGR of 5.1% during the forecast period 2025-2033.

Diagnostic Imaging Devices market holds a leading position in the industry and is thoroughly examined in the DataM Intelligence study, which provides a comprehensive analysis supported by robust statistics, historical data, and actionable insights. The report evaluates key industry players by analyzing their product portfolios, pricing strategies, financial performance, and expansion initiatives. It offers a clear understanding of market dynamics, competitive positioning, and the emerging trends shaping the industry's future.

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Technological Advancements Driving Growth in Diagnostic Imaging Devices

Continuous technological innovations in diagnostic imaging devices are propelling market growth by enhancing diagnostic precision, operational efficiency, and patient care outcomes. These advancements are broadening the scope of imaging applications across diverse clinical specialties and are expected to remain a key growth driver throughout the forecast period.

Artificial intelligence (AI) and machine learning are transforming the imaging landscape by accelerating image interpretation and improving diagnostic accuracy. These technologies assist clinicians in identifying abnormalities, detecting patterns, and making informed decisions more efficiently. For example, in December 2024, Royal Philips introduced AI-powered clinical decision support and smart workflow automation within its new CT 5300 system. The system's "CT Smart Workflow" includes a suite of AI-driven 'Precise' software tools that streamline the CT process, reducing routine workload for radiologists and technicians and allowing more time for patient-centered care.

In addition, innovations such as 3D MRI and 3D ultrasound have revolutionized medical imaging, offering improved visualization that is vital for surgical planning and disease monitoring. A notable development in May 2024 came from Koelis SAS, which showcased enhancements to its Trinity platform at the American Urological Association Annual Meeting. The upgraded system integrates AI-powered prostate MRI features, enabling 3D targeted fusion biopsy for prostate cancer. Trinity uniquely combines 3D ultrasound with MRI-US fusion and advanced motion tracking technology (OBT Fusion), providing urologists with greater precision in diagnosis and treatment planning.

Leading Companies Operating in the Diagnostic Imaging Devices Market:

Siemens Healthineers AG, GE HealthCare, Koninklijke Philips N.V., CANON MEDICAL SYSTEMS CORPORATION, FUJIFILM Holdings Corporation, Medtronic plc, Hologic, Inc., Abbott Laboratories, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Carestream Health.

Research Process:

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Diagnostic Imaging Devices Market:

By Product Type, PET/CT Scanners, C-Arms, MRI Machines, Mammography Systems, Bone Densitometers, Others.

By Imaging Type, X-Ray Imaging, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound, Nuclear Imaging, Mammography, Others.

By Portability, Portable Devices, Handheld Devices, Stationary Equipments.

By Application, Cardiology, Oncology, Neurology, Orthopedics, Urology, Gastroenterology, Others.

By End-User, Hospitals, Diagnostic Centers, Specialty Clinics, Others.

Regional Analysis for Diagnostic Imaging Devices Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Diagnostic Imaging Devices Industry Development:

In August 2024, Fischer Medical Ventures (FMVL) launched domestically developed Computed Tomography (CT) scanners, marking a significant milestone following the company's creation of India's first indigenous Magnetic Resonance Imaging (MRI) system. Celebrating its debut on the Bombay Stock Exchange (BSE), FMVL revealed plans to introduce these locally manufactured CT scans in partnership with Edusoft, offering them at approximately half the cost of existing market alternatives.

In July 2024, LG Electronics (LG) expanded its range of diagnostic monitors with the introduction of the 21HQ613D-B, recently approved by the U.S. Food and Drug Administration for sale in the United States. Designed specifically for digital mammography and digital breast tomosynthesis, this 21.3-inch 5-megapixel IPS monitor delivers high-definition radiological images while ensuring consistent image quality via its built-in front calibration sensor and specialized calibration software.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Diagnostic Imaging Devices market?

➠ Who are the global key manufacturers of the Diagnostic Imaging Devices Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Diagnostic Imaging Devices market opportunities and threats faced by the vendors in the global Diagnostic Imaging Devices Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Diagnostic Imaging Devices market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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