Diagnostic Imaging Devices - Ghana

The Diagnostic Imaging Devices market market in Ghana is forecasted to achieve a revenue of US$13.62m in the year 2024.
It is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 5.01%, leading to a market size of US$17.39m by 2029.
When compared globally, the United States is expected to generate the highest revenue, amounting to US$11.93bn in 2024.
Ghana's demand for advanced diagnostic imaging devices is growing, driven by the need to improve healthcare infrastructure and enhance disease diagnosis capabilities.

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 Ghana is experiencing significant growth and development.

Customer preferences: Customers in Ghana are increasingly demanding advanced diagnostic imaging devices to improve the accuracy and efficiency of medical diagnoses. They prefer devices that offer high-resolution imaging, fast processing times, and easy-to-use interfaces. Additionally, there is a growing preference for portable and handheld imaging devices, as they provide flexibility and accessibility in remote areas with limited healthcare infrastructure.

Trends in the market: One of the key trends in the Diagnostic Imaging Devices market in Ghana is the adoption of digital imaging technology. This trend is driven by the need for faster and more accurate diagnoses, as well as the increasing availability of digital imaging systems in the country. Digital imaging devices offer benefits such as improved image quality, reduced radiation exposure, and enhanced data storage and sharing capabilities. Another trend in the market is the integration of artificial intelligence (AI) technology in diagnostic imaging devices. AI algorithms can analyze medical images and assist healthcare professionals in making accurate diagnoses. This trend is driven by the need to improve diagnostic accuracy, reduce human error, and enhance patient outcomes. The integration of AI technology in diagnostic imaging devices is expected to revolutionize medical imaging in Ghana.

Local special circumstances: Ghana has a growing population and an increasing burden of non-communicable diseases such as cardiovascular diseases, cancer, and diabetes. This has led to a higher demand for diagnostic imaging devices to aid in the early detection and treatment of these diseases. Additionally, the government of Ghana has been investing in healthcare infrastructure and promoting universal healthcare coverage, which has further fueled the demand for diagnostic imaging devices.

Underlying macroeconomic factors: Ghana has been experiencing steady economic growth in recent years, which has resulted in increased healthcare spending. The government has been investing in the healthcare sector to improve access to quality healthcare services, including diagnostic imaging. Additionally, the growing middle class in Ghana has led to an increase in private healthcare facilities, which has further contributed to the demand for diagnostic imaging devices. In conclusion, the Diagnostic Imaging Devices market in Ghana is witnessing significant growth and development due to customer preferences for advanced imaging technology, the adoption of digital imaging systems, the integration of AI technology, the increasing burden of non-communicable diseases, government investments in healthcare infrastructure, and steady economic growth. These factors are driving the demand for diagnostic imaging devices and shaping the future of the market in Ghana.

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.