Diagnostic Imaging Devices - Pakistan

The Diagnostic Imaging Devices market market in Pakistan is expected to witness significant growth, with projected revenue reaching US$48.16m by 2024.
This growth is anticipated to continue at a steady pace, with an annual growth rate (CAGR 2024-2029) of 5.09%.
As a result, the market volume is projected to reach US$61.73m by 2029.
When compared to other countries globally, the United States is expected to generate the highest revenue in the Diagnostic Imaging Devices market market.
In 2024, the revenue generated the United States is projected to reach a staggering US$11.93bn.
In Pakistan, there is a growing demand for advanced diagnostic imaging devices to improve healthcare outcomes.

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 Pakistan is experiencing significant growth due to increasing customer preferences for advanced medical technology, rising healthcare expenditure, and favorable government initiatives. Customer preferences in the Diagnostic Imaging Devices market in Pakistan are shifting towards more advanced and innovative devices. Patients and healthcare providers are increasingly demanding imaging devices that offer better image quality, faster scanning times, and improved diagnostic accuracy. This is driving the demand for advanced technologies such as digital radiography, computed tomography (CT) scanners, magnetic resonance imaging (MRI) scanners, and ultrasound machines. Additionally, there is a growing demand for portable and handheld imaging devices that offer convenience and mobility. Trends in the market indicate a strong growth potential for the Diagnostic Imaging Devices market in Pakistan. The market is witnessing an increasing number of partnerships and collaborations between local and international companies to introduce advanced imaging devices in the country. This is enabling local manufacturers to access new technologies and expand their product portfolios. Furthermore, there is a growing trend of medical tourism in Pakistan, with patients from neighboring countries seeking high-quality medical services, including diagnostic imaging. This is driving the demand for state-of-the-art imaging devices in the country. Local special circumstances in Pakistan are contributing to the growth of the Diagnostic Imaging Devices market. The country has a large population with a high burden of diseases, which creates a significant demand for diagnostic imaging services. Additionally, the government of Pakistan has implemented various initiatives to improve healthcare infrastructure and access to medical services. This includes the establishment of new hospitals and diagnostic centers, as well as the provision of subsidies and incentives for the procurement of medical equipment. These factors are creating a favorable environment for the growth of the Diagnostic Imaging Devices market in Pakistan. Underlying macroeconomic factors such as increasing healthcare expenditure and favorable government policies are driving the growth of the Diagnostic Imaging Devices market in Pakistan. The government is increasing its healthcare budget to improve healthcare infrastructure and provide better medical services to the population. This includes investments in the procurement of advanced imaging devices. Furthermore, the government has implemented policies to attract foreign direct investment in the healthcare sector, which is expected to further boost the growth of the market. In conclusion, the Diagnostic Imaging Devices market in Pakistan is experiencing significant growth due to increasing customer preferences for advanced technology, favorable government initiatives, and rising healthcare expenditure. The market is witnessing a shift towards more advanced and innovative imaging devices, with a growing demand for digital radiography, CT scanners, MRI scanners, and ultrasound machines. Partnerships and collaborations between local and international companies are driving the introduction of advanced imaging devices in the country. The large population, high burden of diseases, and government initiatives to improve healthcare infrastructure are creating a favorable environment for 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.