Diagnostic Imaging Devices - Fiji

The projected revenue for the Diagnostic Imaging Devices market market in Fiji is expected to reach US$2.73m in 2024.
This market is anticipated to display a compound annual growth rate (CAGR 2024-2029) of 4.61%, leading to a market volume of US$3.42m by 2029.
When comparing globally, the United States is expected to generate the highest revenue in this market, with US$11.93bn in 2024.
Fiji's diagnostic imaging device market is experiencing a surge in demand due to the country's increasing focus on improving healthcare infrastructure.

Definition:
The market covers diagnostic imaging devices such as X-ray systems, ultrasound systems, computed tomography scanners, Magnetic resonance imaging (MRT) systems, and related components.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Siemens Healthineers, General Electric, Philips, Fujifilm Holdings. Further information on the key players can be found in the Market Shares boxes.

X-ray systems
Computed tomography (CT) scanners
Magnetic resonance imaging (MRT) systems
Positron emission tomography (PET) scanners

Non-imaging diagnostics
In vitro diagnostics (IVD)

The Diagnostic Imaging Devices market in Fiji is experiencing steady growth due to increasing customer preferences for advanced medical technology and the rising demand for diagnostic imaging services.

Customer preferences: In line with global trends, customers in Fiji are increasingly seeking advanced diagnostic imaging devices that offer accurate and detailed imaging results. This preference can be attributed to the growing awareness among patients about the benefits of early diagnosis and the need for precise medical imaging. Additionally, the demand for non-invasive diagnostic procedures is also driving the market, as patients prefer imaging devices that minimize discomfort and reduce the risk of complications.

Trends in the market: One of the key trends in the Diagnostic Imaging Devices market in Fiji is the adoption of digital imaging technology. Digital imaging devices offer several advantages over traditional film-based systems, including faster image acquisition, improved image quality, and the ability to store and share images electronically. This trend is driven by the need for efficient and convenient diagnostic processes, as well as the growing availability of digital imaging devices in the market. Another trend in the market is the increasing use of portable and handheld diagnostic imaging devices. These devices provide flexibility and convenience, allowing healthcare professionals to conduct imaging procedures in various settings, including remote or resource-limited areas. The portability of these devices also enables faster diagnosis and treatment decisions, leading to improved patient outcomes.

Local special circumstances: Fiji is a small island nation with a limited number of healthcare facilities, particularly in rural and remote areas. This presents a unique challenge in terms of accessing diagnostic imaging services. To address this issue, there has been a growing focus on mobile diagnostic imaging services, where imaging devices are transported to different locations to provide healthcare services. This approach helps overcome the geographical barriers and ensures that patients in remote areas have access to timely diagnostic imaging.

Underlying macroeconomic factors: The growth of the Diagnostic Imaging Devices market in Fiji is supported by favorable macroeconomic factors. The country has witnessed steady economic growth in recent years, which has led to increased healthcare spending. This has enabled healthcare facilities to invest in advanced diagnostic imaging devices and upgrade their existing infrastructure. Additionally, the government's focus on improving healthcare services and infrastructure has also contributed to the growth of the market. In conclusion, the Diagnostic Imaging Devices market in Fiji is experiencing growth driven by customer preferences for advanced technology, the adoption of digital imaging devices, and the increasing use of portable and handheld devices. The local special circumstance of limited healthcare facilities in remote areas has also led to the emergence of mobile diagnostic imaging services. These trends are supported by favorable macroeconomic factors, including economic growth and government initiatives to improve healthcare services.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.