Qmed Staff

October 1, 2013

2 Min Read
DX Imaging Market—Ten Makers and Shakers

By next year, the global medical imaging market is slated to hit $32 billion in total sales. By 2020, the market could reach a total value of $49 billion, a 7% annual growth rate.

In part, growth is driven by changing demographics in developed countries. In particular, rapidly-aging populations have contributed towards strong growth in this segment.

For the most part, growth will occur outside of saturated European and North American markets. Emerging markets in Eastern Europe, Central Europe, Latin America and Asia-Pacific regions will play an increasingly-important role in driving growth.Leading the pack, Siemens had sales of $10.4 billion last year. By 2018, analysts at EvaluateMedTech predict that Siemens will achieve sales of $13 billion, a 4% annual growth rate. In second place, General Electric achieved 2012 sales of $8.4 billion. By 2018, they predict that GE will land total sales of $11.4 billion, a growth rate of 5%.

Other companies with a strong presence in the diagnostic imaging market include (ordered high-to-low based on 2012 sales) Philips, Toshiba, Carestream Health, Hitachi Medical, Agfa-Gevaert, Konica Minolta, Shimadzu, and Varian Medical Systems. The top ten rankings for diagnostic imaging firms will remain largely unchanged in 2018, predicts the EvaluateMedTech report. A list of the predicted top-ten diagnostic imaging device players in 2018 is provided below.

Varian Medical Systems stands out with the strongest growth potential. While Varian achieved sales of $493 million last year, analysts predict the company could achieve total sales of $757 million by next year.

The lineup of the top diagnostic imaging market players would remain similar to today's rankings if EvaluateMedTech's predictions hold true.

  1. Siemens

  2. General Electric

  3. Philips

  4. Toshiba

  5. Carestream Health

  6. Hitachi Medical

  7. Agfa-Gevaert

  8. Konica Minolta

  9. Varian Medical Systems

  10. Shimadzu

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