Diagnostic Imaging Market size was valued at USD 26.3 billion in 2021 and is expected to reach 35.9 billion by 2028, at a CAGR of 5.8% during the forecast period 2022-2028. Diagnostic imaging is a technique or process of visual representation of human body with various techniques, and equipment to diagnose the disease conditions. Diagnostic imaging includes various techniques such as ultrasound scanning, x-ray digital radiography, endoscopy, magnetic resonance imaging, and tactile imaging, among others. Diagnostic imaging is a revolutionary process that had changed knowledge of diagnosis and enables healthcare professionals to interpret the diseases and disorders. Diagnostic imaging market revolutionized from bedside monitoring to high-end digital scanning in past years. It has various applications in medical fields like cardiology, oncology, neurology, and orthopaedics, among others. Market players are diversifying the product portfolio to increase the market share in diagnostic imaging market. Diagnostic imaging technologies such as MRI, X-Ray, and CT scan playing pivotal role to diagnose various disease conditions. X-Ray modality is most commonly used technology and followed by ultrasound. Diagnostic imaging became very important and effective in diagnosis of the diseases. Portable diagnostic devices are gaining traction in diagnostic imaging market owing its ease of use and faster results. Market players are focusing on portable diagnostic devices by adopting the new technologies. For instance, portable ultrasound devices are equipped the wireless features like bluetooth, and near-field communication to deliver highly sophisticated home-based healthcare service for individuals. Furthermore, portable X-ray systems are lightweight and convenient to use as the X-ray images that can be sent from anywhere in the hospital thus saves time.
In July 2017, Koninklijke Philips N.V. signed an agreement to acquire TomTec Imaging Systems GmbH (TOMTEC), a leading intelligent image analysis software provider, to strengthen their ultrasound imaging business
In March 2017, GE Healthcare, launched CardioGraphe, the world’s first dedicated cardiovascular computed tomography (CT) system. CardioGraphe is developed in partnership with Arineta
In December 2016, Canon Inc. acquired Toshiba Medical Systems Corporation in order to facilitate and expand its healthcare business globally