The US diagnostic imaging equipment market is estimated to grow significantly during the forecast period. The major factor that propels the market growth in the country includes the introduction of advanced diagnostic imaging techniques such as 3D and 4D imaging introduced by the major players. For instance, in October 2017, Butterfly Network, Inc., received FDA approval for Ultrasound-on-a-Chip based imaging system. It has more than 13 clinical applications and can be broadcast for a single ultrasound transducer. Along with that, the significant rise in chronic diseases in the country coupled with a significant number of initiatives taken by the government and private organizations pushing towards the diagnosis of chronic diseases such as cancer, CVD, and others in the country.
The US diagnostic imaging equipment market is segmented on the basis of modality and application. Based on the modality, the market is further classified into X-Ray, ultrasound, computed tomography, magnetic resonance imaging (MRI), mammography, and Others (Nuclear Imaging). The X-Ray segment is projected to have a considerable share in the US market owing to the high application in various chronic diseases such as CVD, neurological disease, and others. Based on the application, the US diagnostic imaging equipment market is further segmented into oncology, orthopedics, cardiovascular, neurology, urology, others. The oncology segment is estimated to grow at a considerable CAGR during the forecast owing to the significant advancement in diagnostic technology coupled with rising diagnosis rates in the country.
The companies which are contributing to the growth of the US diagnostic imaging equipment market include Canon Inc., Hologic, Inc., FUJIFILM Corp., General Electric Co., Hitachi Ltd., Koninklijke Philips N.V., Siemens AG, and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
Research Methodology
The market study of the US diagnostic imaging equipment market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report is intended for diagnostic imaging equipment providers, medical device manufacturers, distributors, third-party suppliers, hospitals & clinics, government organizations, regulatory bodies, and other market participants for overall market analysis, and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Market Determinants
3.1. Motivators
3.2. Restraints
3.3. Opportunities
4. Market Segmentation
4.1. US Diagnostic Imaging Equipment Market by Modality
4.1.1. X-Ray
4.1.2. Ultrasound
4.1.3. Computed Tomography
4.1.4. Magnetic Resonance Imaging (MRI)
4.1.5. Mammography
4.1.6. Others (Nuclear Imaging)
4.2. US Diagnostic Imaging Equipment Market by Application
4.2.1. Oncology
4.2.2. Orthopedics
4.2.3. Cardiovascular
4.2.4. Neurology
4.2.5. Urology
4.2.6. Others (Gastroenterology)
5. Company Profiles
5.1. Butterfly Network, Inc.
5.1.1. Overview
5.1.2. Butterfly Networks Inc. in the US Diagnostic Imaging Equipment
5.1.3. Recent Developments
5.2. Canon Inc.
5.3. Carestream Health, Inc.
5.4. FUJIFILM Corp.
5.5. General Electric Co.
5.6. Hitachi Ltd.
5.7. Hologic, Inc.
5.8. Konica Minolta, Inc.
5.9. Koninklijke Philips N.V.
5.10. Siemens AG
5.11. Shimadzu Corp.
1. US DIAGNOSTIC IMAGING EQUIPMENT MARKET RESEARCH AND ANALYSIS BY MODALITY, 2019-2026 ($ MILLION)
2. US DIAGNOSTIC IMAGING EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. US DIAGNOSTIC IMAGING EQUIPMENT MARKET SHARE BY MODALITY, 2019 VS 2026 (%)
2. US DIAGNOSTIC IMAGING EQUIPMENT MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
3. US DIAGNOSTIC IMAGING EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)