Picture of health: Industry revenue is expected to rise consistently over the next five years

The Electromedical and Imaging Equipment Manufacturing industry produces irradiation, electromedical and electrotherapeutical equipment. These include diagnostic equipment such as computed tomography (CT), positron emission tomography (PET), magnetic resonance imaging (MRI) and X-ray scanners. Ultrasound scanners and electrocardiographs, commonly known as EKGs, are also included in this industry, along with pacemakers and hearing aids. Although many of the industry's products are used in the medical profession, they are also required for the irradiation of food and for security scanning at airports and stadiums.Over the five-year period through 2018-19, industry revenue is expected to grow at a compound annual rate of 0.2%. However, growth has been distorted by a 5.5%...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • The ageing population has increased demand for medical treatment, supporting the industry
  • Many product segments are protected from international competition by their high value-added nature
  • The ageing population is expected to encourage growth in demand for endoscopy equipment
  • Industry Report - Industry Key Buyers Chapter

    The Electromedical and Imaging Equipment Manufacturing industry has a medium level of concentration. The four largest players – Elekta, Rapiscan Systems, Siemens Healthcare Diagnostics Manufacturing and Varian Medical Systems – are expected to account for 51.8% of industry revenue in 2018-19.While there are small players specialising in one or two product lines, major players in the industryare more equipped to be able to expand their market shares becauseof the large capital requirements needed for research. However, most manufacturers are small, with approximately 64% of firms employing fewer than 10 workers in 2018...purchase to read more.

    Additional Insights for the Electromedical & Imaging Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electromedical & Imaging Equipment Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Having links with suppliers
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Population aged 65 years and over and Total health expenditure in the Electromedical & Imaging Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Electromedical & Imaging Equipment Manufacturing Industry?

    Operators in this industry manufacture irradiation, electromedical and electrotherapeutic equipment. Among other activities, the industry includes the manufacture of medical equipment such as pacemakers and hearing aids.

    Industry Products
  • Health apparatus based on X-rays
  • Industrial apparatus based on X-rays
  • X-ray generators
  • Electro-diagnostic apparatus
  • Hearing aids
  • Industry Activities
  • Manufacturing irradiation apparatus and tubes
  • Manufacturing computed tomography (CT) scanners
  • Manufacturing positron emission tomography (PET) scanners
  • Manufacturing magnetic resonance imaging (MRI) equipment
  • Manufacturing medical ultrasound equipment
  • Manufacturing electrocardiographs
  • Manufacturing electromedical endoscopic equipment
  • Manufacturing medical laser equipment
  • Manufacturing pacemakers
  • Manufacturing food and milk irradiation equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Population aged 65 years and over
  • Total health expenditure
  • Real government consumption expenditure
  • Health consciousness
  • Real effective exchange rate

  • Current Performance
  • Shaky start
  • Increased globalisation
  • Health-care expenditure
  • Population changes
  • Chart: Revenue Growth

  • Industry Outlook
  • Older demographic
  • Global growth
  • Research and development
  • Air travel and security
  • Table: Electromedical & Imaging Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electromedical & Imaging Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hospitals
  • General Medical Practices
  • Specialist Medical Practices
  • Diagnostic & Ambulance Services

  • Key Selling Industries
  • Electronic Component Manufacturing
  • Loaded Electronic Board Manufacturing

  • Products & Services
  • Electro-diagnostic apparatus
  • Health apparatus based on X-rays
  • Industrial apparatus based on X-rays
  • Other
  • X-ray generators
  • Hearing aids
  • Chart: Electromedical & Imaging Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Health-care providers
  • Wholesalers
  • Cosmetic and dental operators
  • Chart: Major Market Segmentation for the Electromedical & Imaging Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesResearch and developmentMarketingDepreciationRent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Electromedical & Imaging Equipment Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electromedical & Imaging Equipment Manufacturing Industry

  • Industry Globalization
    Elekta Limited, Rapiscan Systems Ltd, Siemens Healthcare Diagnostics Manufacturing Limited,
  • Table: Elekta Limited - financial performance
  • Table: Rapiscan Systems Ltd - financial performance
  • Table: Siemens Healthcare Diagnostics Manufacturing Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electromedical & Imaging Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electromedical & Imaging Equipment Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A form of cancer treatment through the direct insertion of radioactive material into the affected area.
  • Endoscope
  • A long, slender medical instrument for examining the interior of a bodily organ or performing minor surgery.
  • Magnetic Resonance Imaging (Mri)
  • A technique that uses nuclear magnetic resonance to form cross-sectional images of the human body for diagnostic purposes.
  • Radiation
  • Energy that is transmitted in the form of rays or waves or particles.
  • Radiotherapy
  • The treatment of disease using radiation X-rays or beta rays directed at the body from an external source or emitted by radioactive materials placed within the body.
  • Scintigraphy
  • Diagnostic test in nuclear medicine where ingestion of radioisotopes in drugs emitting gamma radiation are captured by external detectors to form images.
  • X-Ray
  • Electromagnetic radiation of short wavelength produced when high-speed electrons strike a solid target.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electromedical & Imaging Equipment Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Electromedical & Imaging Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electromedical & Imaging Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electromedical & Imaging Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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