China Medical Imaging Market Size & Outlook, 2023-2030
China medical imaging market, 2018-2030 (US$M)
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China medical imaging market highlights
- The China medical imaging market generated a revenue of USD 2,015.8 million in 2023 and is expected to reach USD 2,885.9 million by 2030.
- The China market is expected to grow at a CAGR of 5.3% 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 2,015.8 million |
| Market revenue in 2030 | USD 2,885.9 million |
| Growth rate | 5.3% (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, China accounted for 5.1% 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 |
|---|
China 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 36.72% in 2023. Horizon Databook has segmented the China 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.
Changes in demographics & disease patterns and growth of the private healthcare sector are among the key factors expected to drive the medical imaging devices market in China. The number of private hospitals is increasing every year, including those delivering specialized care, such as maternity and orthopedic treatment centers.
This can be attributed to the allowance of foreign investments in the country’s healthcare sector. The growing number of hospitals is likely to drive the demand for medical imaging devices in the region, as medical imaging services are an integral and essential part of modern healthcare facilities.
Furthermore, the importance of integrating medical imaging devices in POC diagnostics has been a key takeaway in the country’s fight against COVID-19. This has raised a large number of tenders for medical imaging devices in China.
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Our clientele includes a mix of medical imaging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China medical imaging market , including forecasts for subscribers. This country databook contains high-level insights into China medical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China medical imaging market size, by technology, 2018-2030 (US$M)
China Medical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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