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China Diagnostic Imaging Equipment Market Size (2024 - 2029)

The China Diagnostic Imaging Equipment market is projected to experience significant growth, driven by an increase in the prevalence of chronic diseases and the adoption of advanced medical imaging technologies. The expanding geriatric population and shifts in societal behavior are contributing to a steady rise in the market size. Additionally, technological advancements and increased government funding for the health sector are further propelling the market's expansion during the forecast period.

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Market Size of China Diagnostic Imaging Equipment Industry

CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 9.30 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

China Diagnostic Imaging Equipment Market Analysis

The China Diagnostic Imaging Equipment market studied was anticipated to grow with a CAGR of 9.3%, during the forecast period. The major factors augmenting the growth of the diagnostic imaging market include the rise in the prevalence of chronic diseases, increased adoption of advanced technologies in medical imaging, and rise in the geriatric population. The increase in the aging population and changes in societal behavior are contributing to a steady increase in the market. Most of the deaths by chronic diseases are attributable to cardiovascular diseases, obesity, and diabetes. The other factors helping the growth of the respiratory devices market are the increasing technological advancement in the country and growing funding from the government for the health sector is also fueling the market growth during the forecast period.

China Diagnostic Imaging Equipment Industry Segmentation

The diagnostic imaging equipment market covers a wide array of medical devices used for diagnostic purposes. It has a vast range of applications in a variety of oncological, orthopedic, gastro- and gynecological fields.

By Product
MRI
Computed Tomography
Ultrasound
X-Ray
Nuclear Imaging
Fluroscopy
Mamography
Others
By Application
Cardiology
Oncology
Neurology
Orthopedics
Gastroentrology
Gynecology
Other Application
By End-User
Hospitals
Diagnostic Centers
Others
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China Diagnostic Imaging Equipment Market Size Summary

The China Diagnostic Imaging Equipment market is poised for significant growth, driven by several key factors. The increasing prevalence of chronic diseases, such as cardiovascular conditions, obesity, and diabetes, is a major contributor to the market's expansion. Additionally, the adoption of advanced medical imaging technologies and the rising geriatric population are further propelling market growth. The country's focus on technological advancements and increased government funding for the health sector are also playing a crucial role in enhancing the market landscape. The growing incidence of cancers, particularly lung, breast, and colorectal cancers, underscores the demand for diagnostic imaging equipment, making China a lucrative market for industry players.

The competitive landscape of the China Diagnostic Imaging Equipment market is characterized by the presence of several major players. Companies such as FUJIFILM Holdings Corporation, Hitachi Medical Systems, Siemens Healthineers, Koninklijke Philips N.V., and GE Healthcare are currently dominating the market. These companies are actively engaging in acquisitions and joint ventures to strengthen their market positions. The market's growth trajectory is supported by the ongoing developments in diagnostic imaging technologies and the increasing need for effective cancer diagnosis and treatment solutions. As a result, the market is expected to continue its upward trend during the forecast period.

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China Diagnostic Imaging Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing aging population

      2. 1.2.2 Increased adoption of diagnostic imaging by the medical industry

      3. 1.2.3 Increased incidence of chronic diseases

    3. 1.3 Market Restraints

      1. 1.3.1 Expensive procedures and equipment

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 MRI

      2. 2.1.2 Computed Tomography

      3. 2.1.3 Ultrasound

      4. 2.1.4 X-Ray

      5. 2.1.5 Nuclear Imaging

      6. 2.1.6 Fluroscopy

      7. 2.1.7 Mamography

      8. 2.1.8 Others

    2. 2.2 By Application

      1. 2.2.1 Cardiology

      2. 2.2.2 Oncology

      3. 2.2.3 Neurology

      4. 2.2.4 Orthopedics

      5. 2.2.5 Gastroentrology

      6. 2.2.6 Gynecology

      7. 2.2.7 Other Application

    3. 2.3 By End-User

      1. 2.3.1 Hospitals

      2. 2.3.2 Diagnostic Centers

      3. 2.3.3 Others

China Diagnostic Imaging Equipment Market Size FAQs

The China Diagnostic Imaging Equipment Market is projected to register a CAGR of 9.30% during the forecast period (2024-2029)

FUJIFILM Holdings Corporation, Hitachi Medical Systems, Siemens Healthineers, Koninklijke Philips N.V. and GE Healthcare are the major companies operating in the China Diagnostic Imaging Equipment Market.

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