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Market Highlights:
Diagnostic imaging helps to understand the functioning of
body parts and create visual representation of interior of the body and
provides support in detection of medical disorder. The continues increase
in geriatric population, increasing prevalence of chronic diseases, and
technological advancements are the major factors driving the growth of the
global diagnostic imaging market. Additionally, increasing investment in
R&D and aggressive strategies adopted by the major players, such as new
product launches along with merger and acquisitions, are contributing to the
growth of the market. For instance, in March 2017, General Electric Company
announced the acquisition of Monica healthcare for undisclosed amount, with
this transaction the company will gain control over 1000 sites of Monica
healthcare across Europe, Asia and north America.
The diagnostic
imaging market is expected to reach USD 45.3 billion by 2030 at grow
at a CAGR 4.7% during the forecast period 2022-2030. The high costs associated
with diagnostic imaging devices, unfavourable reimbursement policies and
scarcity of technicians are likely to hinder market growth during the forecast
period.
Regional Analysis:
The market in the Americas is expected to dominate the
global diagnostic imaging market during the forecast period due to the increasing
number of patients suffering from chronic diseases, surge in geriatric
population, rising prevalence of cancer, and well-established healthcare system
The European market is expected to hold the second position
in the global diagnostic imaging market owing to the government support and
favorable regulatory policies, increasing medical and diagnostic centers, and
increasing healthcare expenditure. Moreover, the market in Asia-Pacific is
anticipated to be the fastest-growing during the forecast period owing to the
increasing population and subsequently increasing chronic diseases, rising
investment in healthcare and increase in disposable income. The market in the
Middle East & Africa is likely to hold the smallest share of the
global diagnostic imaging market.
Segmentation:
The global diagnostic imaging market has been segmented on
the basis of product, source, and application.
Based on product type, the market has been divided
into x-ray equipment, ultrasound imaging systems, nuclear imaging systems,
magnetic resonance imaging (MRI), computed tomography (CT) scanners, and other
products
The market, by application, has been segmented into
gynecology, oncology, orthopedics, cardiology, gastroenterology, neurology, and
other applications
The end-user segment has been further divided into hospitals
and clinics, diagnostic centers, research institutes, and
others.
Key Players:
Some of the in the global diagnostic
imaging market players are Siemens Healthcare Private Limited, Koninklijke
Philips N.V.,CANON MEDICAL SYSTEMS CORPORATION, Shimadzu Corporation,
Carestream Health,Esoate SpA, GE Healthcare, Toshiba Medical Systems Corporation,FUJIFILM
Holdings Corporation, Hitachi Medical Systems, and Hologic Inc.
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