Overview

Global BRIC diagnostic imaging equipment market is projected to value over USD 7.9 billion by 2026 end and register a CAGR of over 8% from the forecast period 2019-2026.

 

The factors inflating the BRIC diagnostic imaging equipment market size are increasing permission for the advancement of imaging facilities and the growing prevalence of associated diseases. Technological advancements in imaging modalities and increasing funds from private and public organizations are complementing the growth of the market.

The market is divided into modality, end-user, and region. Based on modality, MRI systems are expected to control the growth of the market. Increasing disposable income from BRIC countries is increasing the demand for MRI, which in this, is inflating the BRIC diagnostic imaging equipment market size. Advancement in technology coupled with increasing demand for accurate and early diagnosis is also boosting the market. Increasing adoption of MRI systems by diagnostic centres and hospitals is also proliferating the market.

 

In terms of end-users, hospitals are the front runner of the market. The increase in the number of diagnostic imaging procedures alongside a growing preference of imaging modalities to improve the workflow is accelerating the BRIC diagnostic imaging equipment market growth. Increasing inclination toward digitization and automation of radiology patient workflow and increasing adoption of minimally invasive procedure is escalating the market size.

 

In terms of regions, the market is classified into Brazil, Russia, India, and China. China is expected to show notable growth owing to increasing government emphasis on upgrading the healthcare infrastructure. Favourable government policies have resulted in prominent players investing in the region. Easy accessibility to diagnostic imaging modalities, increasing geriatric population and growing preference towards advanced modalities remain key factors boosting the market in the region.

 

Established players of the market are FUJIFILM Holdings Corporation, SONTU Medical Imaging Equipment Co., Ltd., United Imaging Healthcare Co, Ltd., CURA Healthcare, Allengers, Neusoft Corporation, Hologic, Inc, Carestream Health, Inc., Koninklijke Philips N.V, Siemens Healthineers, Canon Medical Systems Corporation, and GE Healthcare.

Competitive Landscape:

● Koninklijke is the leading player in the market. The company has bolstered its foothold in sectors like patient monitoring, image-guided therapy, health informatics, and diagnostic imaging 

● Philips's strong geographical presence has also helped in inflating the BRIC diagnostic imaging market size. The company is aiming to penetrate emerging economies like India and China. Philips launched Epiq Elite Ultrasound System, Ingenia Edition MRI systems in India 

● GE Healthcare in 2019, launched Vector CT Scan in China 

● Hitachi, Ltd launched three new systems ARIETTA 50, ARIETTA 50 LE and ARIETTA 65 at European Society of Radiology in Russia earlier this year

● Siemens Healthineers launched its NX Series Ultrasound machines and Mammomat Revelation Mammography System in India in 2018

 

BRIC Diagnostic Imaging Equipment Market Segmentation: 

By Modality

● X-ray Imaging Systems

● Technology

o X-ray Digital Imaging Systems

▪ Direct Radiography (DR)

▪ Computed Radiography (CR)

o X-ray Analog Imaging Systems

● Portability

o Stationary

o Portable

● Computed Tomography (CT) Scanners

● Technology

o Conventional CT systems

o Cone Beam CT Systems (CBCT)

● Conventional CT Systems Market, by Technology

o High-slice CT Scanners

o Mid-slice CT Scanners

o Low-slice CT Scanners

● Ultrasound Systems

● Technology

o 2D Ultrasound

o 3D and 4D Ultrasound

o Doppler Ultrasound

● Magnetic Resonance Imaging (MRI) Systems

● Architecture

o Closed MRI

o Open MRI

● Field Strength

o High- and Very-high-field MRI Systems

o Low-to-mid-field MRI Systems

o Ultra-high-field MRI Systems

● Nuclear Imaging Systems

● SPECT Systems

o Standalone SPECT Systems

o Hybrid SPECT Systems

● Hybrid PET Systems

● Mammography Systems

 

By End User

● Hospitals

● Diagnostic Imaging Centers

● Other End Users 

 

By Region

● Brazil 

● India 

● Russia 

● China

 

FutureWise Key Takeaways

● Growth Prospects

● SWOT Analysis

● Key Trends

● Key data-points affecting market growth

 

Objectives of the Study:

• To provide with an exhaustive analysis on the BRIC diagnostic imaging equipment market by modality, by end-user and region

• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

• Evaluate and forecast micro-markets and the overall market 

• To predict the market size, in key countries— Brazil, Russia, India, and China

• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

• Profiling of companies to evaluate their market shares, strategies, financial and core competencies

 

Table of Contents

1 Introduction     

1.1 Objectives of the Study 

    1.2 Market Definition 

    1.3 Markets Scope 

           1.3.1 Markets Covered

           1.3.2 Years Considered for the Study

    1.4 Currency 

    1.5 Limitations 

    1.6 Stakeholders 

 

2 Research Methodology 

    2.1 Research Methodology Steps 

    2.2 Secondary and Primary Research Methodology 

           2.2.1 Secondary Research

                    2.2.1.1 Key Data From Secondary Sources

           2.2.2 Primary Research

                    2.2.2.1 Key Data From Primary Sources

    2.3 Market Size Estimation 

           2.3.1 Product-Based Market Estimation

           2.3.2 Primary Research Validation

    2.4 Market Breakdown and Data Triangulation 

    2.5 Research Assumptions and Limitations 

           2.5.1 Assumptions for the Study

           2.5.2 Limitations

 

3 Executive Summary 

4 Premium Insights 

    4.1 BRIC Diagnostic Imaging: Market Overview 

    4.2 Geographic Analysis: BRIC Diagnostic Imaging Equipment Market Share, By Modality and Country, 2019 

    4.3 BRIC Diagnostic Imaging Equipment Market, By End User, 2018 vs 2026 (USD Million) 

    4.4 Geographic Snapshot of the BRIC Diagnostic Imaging Equipment Market 

 

5 Market Overview 

    5.1 Introduction 

    5.2 Market Dynamics 

           5.2.1 Drivers

                    5.2.1.1 Growing Burden of Cancer

                    5.2.1.2 Rising Awareness on Early Disease Detection

                    5.2.1.3 Funding & Investments for the Modernization of Healthcare Facilities

                    5.2.1.4 Technological Advancements in Diagnostic Imaging Modalities

                    5.2.1.5 Expanding Applications of Diagnostic Imaging Equipment

           5.2.2 Restraints

                    5.2.2.1 High Product Costs

                    5.2.2.2 Insufficient Helium Supply

           5.2.3 Opportunities

                    5.2.3.1 Adoption of AI and Analytics in Diagnostic Imaging

                    5.2.3.2 Contract-Based Radiology Solutions and Mobile Solutions

           5.2.4 Challenges

                    5.2.4.1 Increasing Adoption of Refurbished Diagnostic Imaging Systems

                    5.2.4.2 Technological Limitations of Standalone Systems

           5.2.5 Pricing Analysis, 2018 (USD)

 

6 BRIC Diagnostic Imaging Equipment Market, By Modality 

    6.1 Introduction 

    6.2 Magnetic Resonance Imaging (MRI) Systems 

           6.2.1 MRI Systems Market, By Architecture

                    6.2.1.1 Closed MRI Systems

                               6.2.1.1.1 Closed MRI Systems Segment Dominates the BRIC MRI Systems Market as They Offer Higher Image Quality and Throughput

                    6.2.1.2 Open MRI Systems

                               6.2.1.2.1 Open MRI Systems are Cost-Effective With Lower Upfront and Maintenance Costs

           6.2.2 MRI Systems Market, By Field Strength

                    6.2.2.1 High- and Very-High-Field MRI Systems (1.5t to 6t)

                               6.2.2.1.1 High- and Very-High-Field MRI Systems Dominate the BRIC MRI Systems Market, Due to the Growing Need for High-Resolution Images and Demand for MRI With Higher Field Strength

                    6.2.2.2 Low-To-Mid-Field MRI Systems (<1.5t)

                               6.2.2.2.1 Low-To-Mid-Field MRI Systems Offer Lower Cost, Easy Installations, and Lesser Electricity Consumption

                    6.2.2.3 Ultra-High-Field MRI Systems (7.0t and Above)

                               6.2.2.3.1 Ultra-High-Field MRI Systems Find Applications in Research and Clinical Investigations

    6.3 Ultrasound Imaging Systems 

           6.3.1 Ultrasound Imaging Systems Market, By Technology

                    6.3.1.1 2D Ultrasound Imaging Systems

                               6.3.1.1.1 Availability of Significant Medical Reimbursements & Ongoing Technological Advancements in the Field of 2D Ultrasound Imaging to Support Market Growth

                    6.3.1.2 3D & 4D Imaging Systems

                               6.3.1.2.1 Growing Number of Diagnostic Clinics Coupled With the High Birth Rate in BRIC Nations is the Major Factor Driving the Adoption of 3D & 4D Systems

                    6.3.1.3 Doppler Imaging

                               6.3.1.3.1 Doppler Imaging is Associated With Certain Disadvantages Such as the Heating of Tissues Being Scanned

    6.4 Computed Tomography (CT) Scanners 

           6.4.1 CT Scanners Market, By Type

                    6.4.1.1 Conventional CT Scanners

                               6.4.1.1.1 High-Slice CT Scanners

                                             6.4.1.1.1.1 High-Slice CT Scanners Offer Enhanced Image Clarity and Resolution, Faster Exams, and Improved Imaging of Vascular Structures

                               6.4.1.1.2 Mid-Slice CT Scanners

                                             6.4.1.1.2.1 Mid-Slice CT Scanners Create 64 High-Resolution Images Per Rotation, Which Decreases the Scan Time to Several Seconds

                               6.4.1.1.3 Low-Slice CT Scanners

                                             6.4.1.1.3.1 Low-Slice CT Scanners Provide an Economic Advantage to Healthcare Providers

                    6.4.1.2 Cone Beam CT Scanners

                               6.4.1.2.1 High Cost Associated With CBCT Scanners is Hampering the Growth of This Market

    6.5 X-Ray Imaging Systems 

           6.5.1 X-Ray Imaging Systems Market, By Technology

                    6.5.1.1 Digital X-Ray Imaging

                               6.5.1.1.1 Direct Radiography Systems

                                             6.5.1.1.1.1 Dr Systems have High Demand in Hospital Radiology Departments as They Provide Improved Image Quality, Improved Workflows, and Higher Number of Scans Per Day Compared to Other Diagnostic Imaging Modalities

                               6.5.1.1.2 Computed Radiography (CR)

                                             6.5.1.1.2.1 Rising Prevalence of Breast Cancer to Drive the Adoption of CR Systems as the CR Technology is Widely Used to Detect Breast Cancer

                    6.5.1.2 Analog X-Ray Imaging

                               6.5.1.2.1 Higher Risk of Radiation Exposure and Technological Limitations are Hampering the Growth of This Market

           6.5.2 X-Ray Imaging Systems Market, By Portability

                    6.5.2.1 Stationary X-Ray Imaging Systems

                               6.5.2.1.1 Stationary X-Ray Imaging Systems Provide Enhanced Image Quality and Ease of Operation

                    6.5.2.2 Portable X-Ray Imaging Systems

                               6.5.2.2.1 Issues Related to the Transfer of Images, Connectivity Issues, and Problems Related to Battery Life are Restraining the Adoption of Portable X-Ray Systems

    6.6 Nuclear Imaging Systems 

           6.6.1 SPECT Systems

                    6.6.1.1 Hybrid SPECT Systems

                               6.6.1.1.1 Hybrid SPECT Systems Offer Accurate Disease Staging, Early Diagnosis, and Effective Response to the Treatment of Various Chronic Conditions

                    6.6.1.2 Standalone SPECT Systems

                               6.6.1.2.1 Low Cost, Technological Advancements, and Long Radiotracer Half-Life have All Contributed to Market Growth

           6.6.2 Hybrid PET Systems

                    6.6.2.1 High Cost of Hybrid PET Systems is Hampering Its Adoption in Small and Medium-Sized Hospitals

    6.7 Mammography Systems 

           6.7.1 Mammography Systems Segment to Register the Highest Growth in the BRIC Diagnostic Imaging Equipment Market During the Forecast Period

 

7 BRIC Diagnostic Imaging Equipment Market, By End User 

    7.1 Introduction 

    7.2 Hospitals 

           7.2.1 Hospitals are the Largest End-User Segment in the Diagnostic Imaging Market in BRIC

    7.3 Diagnostic Imaging Centers 

           7.3.1 Rising Prevalence of Diseases and Growing Awareness have Driven the Importance of Diagnostic Imaging Centers

    7.4 Other End Users 

 

8 BRIC Diagnostic Imaging Equipment Market, By Country 

    8.1 Introduction 

    8.2 China 

           8.2.1 China’s Rapidly Growing Population and Disease Incidence have Driven the Demand for Diagnostic Imaging

    8.3 India 

           8.3.1 India Accounts for the Second-Largest Share of the BRIC Market

    8.4 Brazil 

           8.4.1 Brazil’s Universal Healthcare System has Played A Pivotal Role in Driving the Use of Advanced Diagnostics

    8.5 Russia 

           8.5.1 Complex Regulatory Scenario has Limited Market Growth in Russia

 

9 Competitive Landscape

    9.1 Introduction 

    9.2 Market Ranking, By Players (2018) 

           9.2.1 Diagnostic Imaging Market Ranking in China

           9.2.2 Diagnostic Imaging Market Ranking in India

           9.2.3 Diagnostic Imaging Market Ranking in Brazil

           9.2.4 Diagnostic Imaging Market in Russia

    9.3 Competitive Situation and Trends 

    9.4 Competitive Leadership Mapping 

    9.5 Vendor Inclusion Criteria 

    9.6 Vendor Dive 

           9.6.1 Visionary Leaders

           9.6.2 Innovators

           9.6.3 Dynamic Differentiators

           9.6.4 Emerging Players

 

10 Company Profiles 

 

     10.1 Allengers 

     10.2 Canon 

     10.3 Carestream Health 

     10.4 CURA Healthcare 

     10.5 FUJIFILM 

     10.6 GE Healthcare (General Electric Company) 

     10.7 Hitachi Ltd. 

     10.8 Hologic, Inc. 

     10.9 Koninklijke Philips N.V. 

     10.10 Neusoft Corporation 

     10.11 NP JSC Amico 

     10.12 Siemens Healthineers (Subsidiary of Siemens Group) 

     10.13 Shimadzu Corporation 

     10.14 SONTU Medical Imaging Equipment Co., Ltd 

     10.15 United Imaging Healthcare Co., Ltd.

 

Chapter 11 Research Finding and Conclusion 

 

Chapter 12  Research Methodology 

 

Chapter 13  Research Data Source  

 

Tables

Figures