Diagnostic Imaging Devices - Gambia

The Diagnostic Imaging Devices market market in Gambia is estimated to witness a significant growth in revenue, reaching US$368.10k by the year 2024.
It is projected to maintain a steady annual growth rate of 4.84% between 2024 and 2029, resulting in a market volume of US$466.20k by the end of 2029.
When compared globally, the United States is expected to dominate the market, generating the highest revenue of approximately US$11.93bn in 2024.
Gambia's diagnostic imaging device market is rapidly expanding, driven by increased investment in healthcare infrastructure and advancements in medical technology.

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 Gambia is experiencing steady growth due to increasing customer preferences for advanced medical technology and the rising demand for accurate diagnosis and treatment.

Customer preferences: Customers in the Diagnostic Imaging Devices market in Gambia are increasingly seeking advanced medical technology that provides accurate and reliable diagnostic results. They are looking for imaging devices that offer high-resolution images, quick scanning times, and easy-to-use interfaces. Additionally, customers are also concerned about the cost-effectiveness of these devices, as they want to ensure that they are getting value for their money.

Trends in the market: One of the key trends in the Diagnostic Imaging Devices market in Gambia is the growing adoption of digital imaging technologies. 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 increasing need for efficient and streamlined healthcare processes, as well as the growing availability of digital imaging devices in the market. Another trend in the market is the rising demand for portable and handheld imaging devices. These devices offer flexibility and mobility, allowing healthcare professionals to perform diagnostic imaging procedures in various settings, including rural areas and remote locations. The demand for portable imaging devices is driven by the need to improve access to healthcare services, especially in underserved areas where infrastructure and resources may be limited.

Local special circumstances: Gambia, being a developing country, faces several unique challenges in the healthcare sector. Limited healthcare infrastructure and resources, as well as a shortage of skilled healthcare professionals, pose significant barriers to the adoption of diagnostic imaging devices. However, the government of Gambia has been taking initiatives to improve healthcare facilities and services, which is expected to drive the demand for diagnostic imaging devices in the country.

Underlying macroeconomic factors: The growth of the Diagnostic Imaging Devices market in Gambia is influenced by several macroeconomic factors. The increasing healthcare expenditure by the government, coupled with the rising prevalence of chronic diseases, is driving the demand for advanced medical technologies, including diagnostic imaging devices. Additionally, the growing population and improving healthcare awareness are also contributing to the market growth. However, economic factors such as limited financial resources and the high cost of diagnostic imaging devices may pose challenges to the market expansion. In conclusion, the Diagnostic Imaging Devices market in Gambia is witnessing steady growth due to increasing customer preferences for advanced medical technology and the rising demand for accurate diagnosis and treatment. The adoption of digital imaging technologies and the demand for portable devices are key trends in the market. While Gambia faces unique challenges in the healthcare sector, initiatives by the government to improve healthcare facilities and services, along with macroeconomic factors such as increasing healthcare expenditure and growing population, are driving the market growth.

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.