APAC Diagnostic Imaging Market to Witness Significant Growth until 2025

Increasing healthcare awareness among the population is expected to drive the growth of Asia Pacific diagnostic imaging market

According to TechSci Research report, “Asia Pacific Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By Mobility (Portable v/s Standalone), By Source (Domestic Vs Import), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Component (OEM v/s Refurbished), By Country, Forecast & Opportunities, 2025”, the Asia Pacific diagnostic imaging market is expected to grow at an impressive rate during the forecast period on account of the prevalence of several chronic, infectious and lifestyle associated diseases in the region. Additionally, increasing insurance coverage and growing number of individuals buying insurance plans is further expected to fuel the market growth through 2025. Furthermore, supportive administrative and FDI policies are further expected to propel the market growth over the next few years. Besides, technological advancements and development of portable X-Ray systems, ultrasound systems, among others is further expected to create lucrative opportunities for the market growth until 2025. However, budget constraints in hospitals have led to the adoption of refurbished diagnostic imaging equipment. This in turn might hamper the market growth during the forecast period. Also, dearth of skilled professionals to use the equipment might further restrict the market growth over the next few years.

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The Asia Pacific diagnostic imaging market is segmented based on type, mobility, source, application, end users, company and country. Based on type, the market can be fragmented into X-Ray imaging solutions, ultrasound systems, MRI systems, CT scanners, nuclear imaging solutions, mammography and others. Among these, the ultrasound systems segment is expected to witness significant growth in the market on account of the widespread use of the procedure for diagnosing a range of diseases. Additionally, it is non-invasive, painless and cost effective. Based on mobility, the market can be split into portable and standalone. The standalone segment is expected to dominate the market owing to their cost effectiveness and widespread adoption and use across healthcare industry. Based on application, the market can be categorized into cardiology, oncology, neurology, orthopedics, gastroenterology, gynecology and others. Here, the oncology segment is expected to dominate the market owing to the widespread use of diagnostic imaging solutions in chemotherapy and radiation therapy. Based on end users, the market can be grouped into hospitals & clinics, diagnostic centers, ambulatory care centers and others. The hospitals & clinics segment is expected to dominate the market owing to the growing number of diagnostic imaging procedures being performed in the hospitals & clinics. However, the diagnostic centers segment is expected to register significant growth on account of the growing number of diagnostic centers across the region.

Wipro GE Healthcare Pvt. Ltd. (GE Healthcare Limited), Siemens Healthineers India, Canon Medical Systems Corporation, Hitachi Ltd., FUJIFILM Holdings Corporation, Mindray Medical International Ltd., Shimadzu Corporation, Allengers Medical Systems Limited, Samsung Electronics Co Ltd, Konica Minolta, Inc., Neusoft Medical Systems Co. Ltd., Hologic Hub Ltd. and others are some of the leading players operating in Asia Pacific diagnostic imaging market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“Asia Pacific diagnostic imaging market is expected to witness significant growth during the forecast period. Japan leads the overall diagnostic imaging market followed by China in the region. This can be ascribed to the ageing population, increasing healthcare expenditure and development of advanced technology in the country. China is expected to witness growth on account of the ongoing expansion in its healthcare infrastructure facilities and South Korea is also expected to generate good sales revenue owing to the sale of various diagnostic imaging modalities. On the other hand, countries such as India, Australia, Singapore, among others are also expected to witness significant growth in the market owing to the growing prevalence of various diseases and need for effective diagnosis and treatment of such diseases.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Asia Pacific Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By Mobility (Portable v/s Standalone), By Source (Domestic Vs Import), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Component (OEM Vs Refurbished), By Country, Forecast & Opportunities, 2025”,” has evaluated the future growth potential of Asia Pacific diagnostic imaging market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Asia Pacific diagnostic imaging market.

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