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Global Diagnostic Imaging Market Overview, trends, analysis and forecast 2021 | Research Cosmos

 



(MoneyNewsWire.Net, March 23, 2018 ) The global diagnostic imaging market is expected to reach ~USD 36.43 Billion by 2021 from USD 26.53 Billion in 2016, at a CAGR of 6.6%. Factors such as increasing incidence and prevalence of chronic diseases across the globe, technological advancements in the imaging systems, growing government investments for modernization of imaging facilities, and the rising number of diagnostic imaging centers are driving the growth of this market. However, the high cost of diagnostic imaging systems, technological limitations associated with standalone systems, unfavorable healthcare reforms in the U.S., and shortage of helium are the key factors limiting the growth of the market.

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On the basis of products, the market is segmented into X-ray imaging systems, computed tomography (CT) scanners, ultrasound imaging systems, magnetic resonance imaging (MRI) systems, and nuclear imaging systems. Each modality is further divided into subsegments. The X-ray and ultrasound systems market is divided on the basis of technology and portability, whereas, CT systems are divided by the type of slice. MRI systems are divided based on architecture and field strength. The nuclear imaging systems market is categorized into SPECT and PET systems, which are further divided into standalone and hybrid modalities. Moreover, X-ray imaging systems is expected to grow at the highest CAGR owing to the growing demand for mobile X-ray systems, retrofit upgrade kits, growth in the number of hospitals and diagnostic centers, advances in digital technology, painless and non-invasive procedures, low prices as compared to other modalities, increase in aging population, and rising incidence of injuries and diseases.

The diagnostic imaging market is further subsegmented on the basis of application. The major applications of this market include obstetrics/gynecology (OB/GYN) health, orthopedics and musculoskeletal, neurology and spine, cardiovascular and thoracic, general imaging, breast health, and others.

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On the basis of end user, the market is segmented into three segments hospitals, diagnostic imaging centers, and other end users (including pharmaceutical & biotechnology companies, academic & research centers, sports academies, and CROs). The diagnostic imaging centers segment is expected to grow at the highest CAGR during the forecast period. Factors such as increasing number of private imaging centers fueled by the rising demand for diagnostic imaging procedures is driving the growth of this end user segment.

This report covers the diagnostic imaging market across four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2016, North America commanded the largest share of the market, followed by Europe and Asia-Pacific. The Asia-Pacific market is poised to grow at the highest CAGR during the forecast period. This growth can be attributed to key factors such as improving healthcare infrastructure & healthcare spending, improving reimbursement and insurance coverage facilities, and a large number of ongoing research activities in the region.

As of 2015, major players in the diagnostic imaging market include GE Healthcare (U.S.), Siemens Healthcare GmBH (Germany), Koninklijke Philips N.V. (The Netherlands), Toshiba Medical Systems Corporation (Japan), Hitachi Ltd. (Japan), Carestream Health, Inc. (U.S.), Esaote S.p.A (Italy), Hologic, Inc. (U.S.), Samsung Medison (South Korea), and Shimadzu Corporation (Japan).

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About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.

Research Cosmos

Dani Rodriguez

+1 888 709 8757

dani@researchcosmos.com

Source: EmailWire.Com


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