Asia Pacific Medical Imaging Market size surpassed USD 8.6 billion in 2019 and is anticipated to expand at 7.3% CAGR from 2020 to 2026. 

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Technological advancements and innovations in medical imaging systems in developing economies will accelerate the market demand. Rising necessity for portable CT scanners or ultrasound devices to improve patient outcomes and operational efficiency will positively influence the business progression. Prominent industry players operating in developing economies aim to enhance and improve diagnostic performance of imaging devices for advanced patient care. Technological innovations and rising production of advanced imaging devices in the developing economies to accurately diagnose patient’s health conditions will propel the industry growth. 

Asia Pacific Medical Imaging Market, By Product

The mammography segment accounted for USD 690 million revenue in 2019, due to increasing cases of breast cancer. Mammography detects early breast cancer in women experiencing less or minimal symptoms that surges it adoption rate. The emergence of digital mammography has surged the segmental demand among patient’s and healthcare professionals than traditional film mammography due to its wide-ranging applications. Breast tomosynthesis, dual modality mammographic fusion and contrast-enhanced mammography are some of the prominent applications that secures the overall market expansion. In addition, the digital imaging mammography is faster and provides digital mammogram results immediately for better patient management.

Asia Pacific Market, By End-use

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Asia Pacific Market Growth, By Country

The Japan medical imaging market will observe around 6.4% growth rate during the forecast timeframe, owing to increasing prevalence of infectious and chronic disorders in the region. Rising healthcare expenditure in Japan will prove beneficial for the market growth. Rise in healthcare expenditures leads to subsequent increase in the adoption of superior quality medical imaging devices. Also, growing investment in R&D activities to develop novel imaging systems for easy monitoring and diagnosis will favor the market revenue. 

Competitive Industry Landscape

Major players involved in the Asia Pacific medical imaging market are Esaote, Canon Medical System, Samsung Medison, Hologic, Fujifilm, Siemens Healthineers, Carestream Health, Philips, Konica Minolta, and GE Healthcare. These companies are adopting strategies such as expansion and innovations in product to expand their customer base and cater to the growing demand.