Healthcare Scanners Market By Product Type (MRI, CT, PET, X-Ray, Ultrasound, Bone Densitometry & Others), By Department (Cardiology, Neurology, Oncology, Gynecology, ENT, Orthopedics, & Others), By End User (Hospitals & Labs, Diagnostic Centers), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: HCR 0594 Report Format: PDF + Excel

Healthcare Scanners Market Overview

Global Healthcare Scanners Market size is poised to reach $63.7 billion by 2027, growing at a CAGR of 5.4% during the forecast period 2022-2027. Healthcare Scanners are used in medical facilities for providing detailed visual images of internal body parts to aid medical professionals in medical diagnostics and medical intervention. Some of the most commonly used imaging systems include x-ray scanners, Computerized Tomography (CT) scanners, Magnetic Resonance Imaging (MRI) scanners, and Positron Emission Tomography (PET) scanners. Rapid rise in the prevalence of chronic diseases such as cancer, cardiovascular disorders (CVD), and respiratory illnesses, and growing disposable income among the population in developing regions are some of the key factors driving the growth of the Healthcare Scanners industry during the forecast period 2022-2027.

Healthcare Scanners Market Report Coverage

The report:Healthcare Scanners Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Healthcare Scanners Market.

By Product Type: MRI, CT, PET, X-Ray, Ultrasound, Bone Densitometry and Others.
By Department: Cardiology, Neurology, Oncology, Gynecology, ENT, Orthopedics, and Others.
By End User: Hospitals and Labs, Diagnostic Centers 
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Columbia and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

  • North America dominated the healthcare scanners market in the year 2021. The presence of a highly developed healthcare infrastructure and favorable reimbursement policies in the U.S. and Canada are some of the key factors contributing to the growth of the segment.
  • Rising government initiatives to enhance healthcare infrastructure and medical diagnostic capabilities in developing regions are anticipated to drive the market during the forecast period.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the healthcare scanners Market report.
  • However, the extremely high cost of medical imaging systems is a major factor that is projected to hamper the market growth of the healthcare scanners Industry.

Healthcare Scanners Market Revenue Share, By Geography, 2021 (%)

Healthcare Scanners Market

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Healthcare Scanners Market Segment Analysis – By Product Type

Based on Product Type, the healthcare scanners market can be segmented into MRI, CT, PET, X-Ray, Ultrasound, Bone Densitometry, and Others. The Ultrasound segment accounted for the largest share of the market in 2021 and is poised to grow at a CAGR of 6.8% during the forecast period 2022-2027. The rapid growth can be attributed to the emergence and adoption of new ultrasound imaging techniques such as Doppler ultrasound in vascular imaging and 3D and 4D ultrasound in oncology. Besides, the lower cost of ultrasound scanners is also a significant factor that enhances the growth of the segment. The CT segment is also anticipated to witness the fastest growth in terms of CAGR during the forecast period 2022-2027 owing to the massive rise in the prevalence of respiratory illnesses after the COVID-19 pandemic. Chest CT scans are commonly used for monitoring the health of the respiratory systems during and after COVID-19 infection in individuals.

Healthcare Scanners Market Segment Analysis – By End User

Based on End User, the Healthcare Scanners market can be further segmented into Hospitals Labs and Diagnostic Centers. The Hospitals and Labs segment accounted for the largest share of the healthcare scanners market in 2021 and is projected to grow at a CAGR of 7.4% during the forecast period 2022-2027. This can be attributed to the growing demand for advanced imaging modalities in such facilities owing to the rapid rise in the number of patients suffering from numerous chronic illnesses. With the adoption of such imaging systems, hospitals are able to provide diagnosis, treatment, and post-treatment care to patients in a single location, thereby increasing convenience for the patients. However, the Diagnostic Centers segment is anticipated to witness the fastest growth during the forecast period 2022-2027 owing to the rapid rise in the number of diagnostic test centers in developing regions. This growth can be attributed to the lack of adequate infrastructure for healthcare scanners in hospitals in such regions owing to factors such as lack of space and low purchasing capacity.

Healthcare Scanners Market Segment Analysis – By Geography

North America dominated the geography segment of the Healthcare Scanners Market in 2021 with a share of approximately 34%. The rapid growth of the segment can be attributed to the presence of a highly developed healthcare sector in the U.S. and Canada. In addition, the high penetration of health insurance coverage also plays a key role in the growth of the segment as patients with health insurance only have to pay a fraction of the actual cost of diagnostic imaging procedures. For instance, according to the Congressional Research Service, approximately 298 million people, or 91.4% of the US population had health insurance coverage in 2020.

The Asia Pacific region is anticipated to register the fastest growth during the forecast period 2022-2027 owing to the growth in healthcare infrastructure development projects in emerging economies such as China and India.

Healthcare Scanners Market Drivers

Growing global geriatric population is driving the market growth

Rapid rise in the global geriatric population is a key factor driving the market for healthcare scanners. Geriatrics are more susceptible to conditions such as cardiovascular diseases, Chronic Obstructive Pulmonary Disease (COPD), and osteoarthritis. Healthcare scanners are extensively used for the diagnosis of such conditions. According to the U.S. Census Bureau, more than 54 million adults aged 65 and older lived in the United States in 2021. Besides, by 2050, the total number of adults ages 65 and older is projected to rise to an estimated 85.7 million — roughly 20% of the overall U.S. population. 

Rapid rise in the prevalence of chronic diseases is poised to increase the growth of the market

The growing prevalence of chronic conditions such as cardiovascular disorders, cancers, COPD, and arthritis is projected to drive the market for healthcare scanners during the forecast period as medical imaging systems play a crucial role in diagnosing such conditions. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally, taking an estimated 17.9 million lives each year. Meanwhile, according to the Global Initiative for Chronic Obstructive Lung Disease (GOLD), COPD was the 3rd leading cause of death in 2020.

Healthcare Scanners Market Challenges

High cost of healthcare scanners is likely to challenge the market growth

The high cost of medical imaging systems is a major factor that is challenging product adoption among end users during the forecast period. For instance, the cost for a single, state-of-the-art, high-powered MRI machine can reach between $1 million and $3 million. Meanwhile, the cost for a single PET scanning machine can reach between $1.7 million and $2.5 million. Such high costs make these machines unaffordable to small-scale healthcare facilities located in developing regions, thereby challenging market growth.

Healthcare Scanners Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Healthcare Scanners Market. In 2021, the Healthcare Scanners Market share is fragmented by the top ten players present in the market. The Healthcare Scanners Market, top 10 companies are:

  1. GE Healthcare
  2.  Koninklijke Philips N.V
  3. Siemens Healthineers
  4. Canon Medical Systems Corporation
  5. Bruker
  6. MILabs B.V
  7. MR solutions
  8. TriFoil Imaging
  9. FUJIFILM VisualSonics
  10. Toshiba Medical Systems Corporation

Recent Developments:

  • In January 2022, Positron Corporation announced that the Company has entered into a strategic business relationship with Neusoft Medical Systems for manufacturing, distribution, and continued R&D advancements of Positron’s new PET/CT nuclear imaging device. Positron, in collaboration with Neusoft, will submit a new device 510K application with the FDA for the certification of Positron’s PET/CT nuclear imaging system.
  • In December 2021, FUJIFILM Healthcare Americas Corporation unveiled the Velocity MRI System, its advanced, high-field open MRI system during the 2021 Radiological Society of North America (RSNA). The Velocity MRI system is Fujifilm’s newest MRI scanner, designed to streamline workflow and enhance the patient experience with its unique open gantry, integrated radiofrequency (RF) coils and reconstruction technologies.
  • In May 2021, Siemens Healthineers announced the launch of Somatom X.ceed, a new high-resolution, high-speed CT scanner engineered specifically for the most challenging clinical areas where time and precision are of the essence. With its large bore of 82 centimetres and its user-friendly tablet operation, Somatom X.ceed is designed from the ground up to enhance user and patient experience.

Relevant Titles:

Digital X-ray Equipment Market – Forecast (2022 - 2027)

Report Code: HCR 0249

CT Scanners Market – Forecast (2022 - 2027)

Report Code: HCR 0169

Positron Emission Tomography Market – Forecast (2022 - 2027)

Report Code: HCR 0332

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1. Healthcare Scanners Market- Overview
    1.1 Definitions and Scope
2. Healthcare Scanners Market- Executive Summary
3. Healthcare Scanners Market– Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Healthcare Scanners Market- Startup Companies Scenario Premium
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Healthcare Scanners Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Healthcare Scanners Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Healthcare Scanners Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Healthcare Scanners Market– By Product Type (Market Size –$Million/$Billion)
    8.1 MRI
    8.2 CT
    8.3 PET
    8.4 X-Ray
    8.5 Ultrasound
    8.6 Bone Densitometry
    8.7 Others
9. Healthcare Scanners Market– By Department (Market Size –$Million/$Billion)
    9.1 Cardiology
    9.2 Neurology
    9.3 Oncology
    9.4 Gynecology
    9.5 ENT
    9.6 Orthopedics
    9.7 Others
10. Healthcare Scanners Market– By End User industry (Market Size –$Million/$Billion)
    10.1 Hospitals and Labs
    10.2 Diagnostic Centers
11. Healthcare Scanners Market- By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
    11.3.6 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Columbia
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Healthcare Scanners Market- Entropy
13. Healthcare Scanners Market– Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Healthcare Scanners Market– Key Company List by Country Premium Premium
15. Healthcare Scanners Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best-efforts basis.”