Australia Medical Imaging Market Size & Outlook, 2023-2030
Australia medical imaging market, 2018-2030 (US$M)
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Australia medical imaging market highlights
- The Australia medical imaging market generated a revenue of USD 707.5 million in 2023 and is expected to reach USD 1,020.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, ultrasound was the largest revenue generating technology in 2023.
- Computed Tomography is the most lucrative technology segment registering the fastest growth during the forecast period.
Medical imaging market data book summary
| Market revenue in 2023 | USD 707.5 million |
| Market revenue in 2030 | USD 1,020.9 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasound |
| Fastest growing segment | Computed Tomography |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | X-ray, Magnetic Resonance Imaging, Ultrasound, Computed Tomography, Nuclear Imaging |
| Key market players worldwide | GE Aerospace, Koninklijke Philips NV, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, FUJIFILM Holdings Corp, Carestream Health - HCIS business, Hitachi Ltd, Samsung Electronics Co Ltd, Koning, PerkinElmer, Konica Minolta Inc, Esaote, Hologic Inc, Varex Imaging Corp |
Other key industry trends
- In terms of revenue, Australia accounted for 1.8% of the global medical imaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical imaging market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,401.9 million by 2030.
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Medical Imaging Market Scope
Medical Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia medical imaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical imaging market will help companies and investors design strategic landscapes.
Ultrasound was the largest segment with a revenue share of 37.87% in 2023. Horizon Databook has segmented the Australia medical imaging market based on x-ray, magnetic resonance imaging, ultrasound, computed tomography, nuclear imaging covering the revenue growth of each sub-segment from 2018 to 2030.
Ongoing developments in medical technology, rising burden of chronic diseases, a rapidly aging population, growing income, and shifting consumer expectations are expected to boost the demand for medical applications, including medical imaging devices, for all age groups.
Australians have one of the highest life expectancies in the world, ranking sixth among OECD nations. Rising investments by government organizations and market players in the country for medical imaging devices are expected to boost the demand for raw materials required for these devices.
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Our clientele includes a mix of medical imaging market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia medical imaging market , including forecasts for subscribers. This country databook contains high-level insights into Australia medical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia medical imaging market size, by technology, 2018-2030 (US$M)
Australia Medical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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