Product Code: ETC027227 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore medical imaging equipment market is expected to grow at a CAGR of 9.3% during the forecast period 2020-2026. This growth can be attributed to increasing prevalence of chronic diseases, technological advancements in biomedical engineering, growing healthcare infrastructure and rising per capita income among citizens across Singapore. Growing geriatric population and rising disposable incomes are further propelling the demand for advanced diagnostic systems such as MRI scanners, CT Scanners and Ultrasound Machines in the country. Additionally, government initiatives aimed at providing health insurance coverage are also encouraging people to seek early diagnosis from qualified healthcare professionals that use sophisticated medical imaging technologies for accurate results.
Growing prevalence of chronic diseases such as cardiovascular disorders, cancer and diabetes is driving demand for modernized diagnostics solutions which rely on modern medical imaging devices.Technological advancements in biomedical engineering has allowed various companies to launch innovative products that target specific body parts with high accuracy.Increasing number of hospitals coupled with rising awareness about preventive healthcare is leading to higher adoption rates for medical imaging instruments across different segments.Favorable reimbursement policies by authorities towards usage of 3D & 4D ultrasound machines are resulting in increased sales volumes within this segment
High cost associated with installation & maintenance along with lack of skilled personnel discourages small hospitals or clinics from investing on expensive equipments Increasing risk related administrative regulations decreasing acceptance rate amongst individuals or institutions using these instruments.
Some key players operating within Singapore Medical Imaging Equipment Market include Siemens Healthineers AG., Canon Inc., Philips Healthcare, GE Healthcare (a division of General Electric Company), Hitachi Ltd., Toshiba Corporation, Shimadzu Corporation Mamamax Medical Technologies Pvt Ltd among others who specialize in manufacturing cutting edge diagnostics solutions based on latest technological innovations
The Covid-19 pandemic has caused disruption throughout the industry due mainly too supply chain issues caused by lockdown measures imposed around the world. Despite this short term impact it may have positive longer term effects on medical imaging markets worldwide due an increase focus being placed on improving public health systems globally with more attention being paid towards diagnostic capabilities provided through modern technology like radiology equipment ETC
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Medical Imaging Equipment Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Medical Imaging Equipment Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Medical Imaging Equipment Market - Industry Life Cycle |
3.4 Singapore Medical Imaging Equipment Market - Porter's Five Forces |
3.5 Singapore Medical Imaging Equipment Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Singapore Medical Imaging Equipment Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 Singapore Medical Imaging Equipment Market Revenues & Volume Share, By End user, 2020 & 2030F |
4 Singapore Medical Imaging Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Medical Imaging Equipment Market Trends |
6 Singapore Medical Imaging Equipment Market, By Types |
6.1 Singapore Medical Imaging Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Medical Imaging Equipment Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Singapore Medical Imaging Equipment Market Revenues & Volume, By Magnetic resonance imaging equipment, 2020-2030F |
6.1.4 Singapore Medical Imaging Equipment Market Revenues & Volume, By Compound tomography equipment, 2020-2030F |
6.1.5 Singapore Medical Imaging Equipment Market Revenues & Volume, By X-ray equipment, 2020-2030F |
6.1.6 Singapore Medical Imaging Equipment Market Revenues & Volume, By Ultrasound equipment, 2020-2030F |
6.1.7 Singapore Medical Imaging Equipment Market Revenues & Volume, By Molecular equipment, 2020-2030F |
6.2 Singapore Medical Imaging Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Medical Imaging Equipment Market Revenues & Volume, By Cardiology, 2020-2030F |
6.2.3 Singapore Medical Imaging Equipment Market Revenues & Volume, By Neurology, 2020-2030F |
6.2.4 Singapore Medical Imaging Equipment Market Revenues & Volume, By Orthopedics, 2020-2030F |
6.2.5 Singapore Medical Imaging Equipment Market Revenues & Volume, By Gynecology, 2020-2030F |
6.2.6 Singapore Medical Imaging Equipment Market Revenues & Volume, By Oncology, 2020-2030F |
6.2.7 Singapore Medical Imaging Equipment Market Revenues & Volume, By Others, 2020-2030F |
6.3 Singapore Medical Imaging Equipment Market, By End user |
6.3.1 Overview and Analysis |
6.3.2 Singapore Medical Imaging Equipment Market Revenues & Volume, By Hospitals, 2020-2030F |
6.3.3 Singapore Medical Imaging Equipment Market Revenues & Volume, By Specialty clinics, 2020-2030F |
6.3.4 Singapore Medical Imaging Equipment Market Revenues & Volume, By Diagnostic imaging centers, 2020-2030F |
6.3.5 Singapore Medical Imaging Equipment Market Revenues & Volume, By Others, 2020-2030F |
7 Singapore Medical Imaging Equipment Market Import-Export Trade Statistics |
7.1 Singapore Medical Imaging Equipment Market Export to Major Countries |
7.2 Singapore Medical Imaging Equipment Market Imports from Major Countries |
8 Singapore Medical Imaging Equipment Market Key Performance Indicators |
9 Singapore Medical Imaging Equipment Market - Opportunity Assessment |
9.1 Singapore Medical Imaging Equipment Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Singapore Medical Imaging Equipment Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 Singapore Medical Imaging Equipment Market Opportunity Assessment, By End user, 2020 & 2030F |
10 Singapore Medical Imaging Equipment Market - Competitive Landscape |
10.1 Singapore Medical Imaging Equipment Market Revenue Share, By Companies, 2023 |
10.2 Singapore Medical Imaging Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |