Diagnostic Imaging Devices - Indonesia

The Indonesian market for Diagnostic Imaging Devices market is expected to achieve a revenue of US$231.60m in 2024.
This projection indicates a steady growth trend for the industry in Indonesia.
Furthermore, the market is estimated to exhibit an annual growth rate (CAGR 2024-2029) of 6.00%, leading to a market volume of US$309.90m by 2029.
In terms of global comparison, it is noteworthy that the United States is anticipated to generate the highest revenue in this market.
In 2024, the United States is projected to yield an impressive revenue of US$11.93bn, positioning it as the leading contributor to the global Diagnostic Imaging Devices market market.
Indonesia's growing healthcare infrastructure and increasing government investments are driving the demand for diagnostic imaging devices in the country.

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 Indonesia has been experiencing steady growth in recent years. This can be attributed to several factors, including customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences play a significant role in the development of the Diagnostic Imaging Devices market in Indonesia. Customers in this market are increasingly seeking advanced and innovative imaging devices that offer accurate and reliable results. They also prioritize devices that are user-friendly and easy to operate. Additionally, customers are showing a growing preference for portable imaging devices that can be used in remote areas or during emergencies. These preferences are driving the demand for new and improved imaging devices in the market. Trends in the market are also contributing to the development of the Diagnostic Imaging Devices market in Indonesia. One significant trend is the increasing adoption of digital imaging technologies. Digital imaging devices offer several advantages over traditional film-based devices, including faster image processing, better image quality, and the ability to store and share images electronically. As a result, healthcare facilities in Indonesia are increasingly investing in digital imaging devices to improve patient care and streamline their operations. Another trend is the integration of artificial intelligence (AI) and machine learning (ML) technologies into diagnostic imaging devices. These technologies can assist healthcare professionals in analyzing and interpreting medical images, leading to faster and more accurate diagnoses. Local special circumstances in Indonesia also impact the development of the Diagnostic Imaging Devices market. The country's large population and growing middle class have increased the demand for healthcare services, including diagnostic imaging. Additionally, the government has been focusing on improving healthcare infrastructure and expanding access to healthcare services in rural areas. These initiatives have led to an increased demand for diagnostic imaging devices across the country. Underlying macroeconomic factors further contribute to the growth of the Diagnostic Imaging Devices market in Indonesia. The country's stable economic growth and rising disposable income levels have increased the affordability of healthcare services for the population. This has resulted in higher healthcare expenditure, including investments in diagnostic imaging devices. Furthermore, the government's commitment to healthcare sector development and the implementation of universal healthcare coverage have provided a favorable environment for the market. In conclusion, the Diagnostic Imaging Devices market in Indonesia is developing due to customer preferences for advanced and innovative devices, trends such as the adoption of digital imaging technologies and AI/ML integration, local special circumstances such as a growing population and government initiatives to improve healthcare infrastructure, and underlying macroeconomic factors such as stable economic growth and rising disposable income levels.

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.