Diagnostic Imaging Devices - Ukraine

The Diagnostic Imaging Devices market market in Ukraine is forecasted to achieve a revenue of US$82.98m by the year 2024.
Furthermore, it is expected that this sector will display a compound annual growth rate (CAGR 2024-2029) of 4.77%, leading to a market volume of US$104.80m by 2029.
In comparison to other countries worldwide, the United States is expected to generate the highest revenue, reaching US$11.93bn in 2024.
The demand for advanced diagnostic imaging devices in Ukraine's medical technology market is steadily increasing.

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 Ukraine is experiencing significant growth due to several key factors. Customer preferences for advanced medical technology, the increasing prevalence of chronic diseases, and the government's focus on improving healthcare infrastructure are driving the demand for diagnostic imaging devices in the country. Customer preferences in Ukraine are shifting towards more advanced medical technology, including diagnostic imaging devices. Patients and healthcare providers are increasingly seeking accurate and efficient diagnostic tools to aid in the early detection and treatment of diseases. This preference for advanced technology is driving the demand for diagnostic imaging devices that offer high-resolution imaging, faster scanning times, and improved diagnostic capabilities. The increasing prevalence of chronic diseases in Ukraine is also driving the demand for diagnostic imaging devices. Chronic diseases such as cardiovascular diseases, cancer, and respiratory diseases are on the rise in the country. Diagnostic imaging devices play a crucial role in the early detection, diagnosis, and monitoring of these diseases. As a result, there is a growing need for advanced imaging devices that can provide accurate and detailed images for diagnosis and treatment planning. The Ukrainian government is actively investing in improving the healthcare infrastructure in the country. The government has recognized the importance of diagnostic imaging devices in improving healthcare outcomes and is taking steps to upgrade medical facilities and equipment. This focus on healthcare infrastructure development is creating opportunities for the growth of the diagnostic imaging devices market in Ukraine. In addition to customer preferences and government initiatives, there are also local special circumstances that are contributing to the growth of the diagnostic imaging devices market in Ukraine. The country has a large population with increasing healthcare needs, which is driving the demand for diagnostic imaging devices. Furthermore, the private healthcare sector in Ukraine is expanding, creating additional demand for advanced medical technology, including diagnostic imaging devices. Underlying macroeconomic factors also play a role in the development of the diagnostic imaging devices market in Ukraine. The country's economic growth and increasing disposable income levels are enabling more individuals to access healthcare services and invest in advanced medical technology. Additionally, the presence of international medical device manufacturers and suppliers in Ukraine is contributing to the availability and accessibility of diagnostic imaging devices in the market. Overall, the Diagnostic Imaging Devices market in Ukraine is experiencing growth due to customer preferences for advanced technology, the increasing prevalence of chronic diseases, government initiatives to improve healthcare infrastructure, local special circumstances, and underlying macroeconomic factors. These factors are driving the demand for diagnostic imaging devices and creating opportunities for market growth in Ukraine.

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.