Diagnostic Imaging Equipment Market in BRIC: 10.5% CAGR Forecast to 2018 in a New Research Report Available at ReportsnReports.com

DALLAS, November 9, 2014 /PRNewswire/ --

The Diagnostic Imaging Equipment Market by Modality [Digital X-ray Imaging, Ultrasound (Color Doppler, Portable), Magnetic Resonance Imaging, CT Scanner (Low-, Mid-, & High-end), Mammography, PET, SPECT] - Emerging Markets (BRIC - Brazil, Russia, India, and China)- Global Trends & Forecasts to 2011-2018 research report says BRIC diagnostic imaging equipment market is estimated to grow at a CAGR of 10.5% and reach $7.6 billion by 2018. The growth of the BRIC diagnostic imaging equipment market is primarily triggered by factors such as increasing launches of low-cost diagnostic imaging systems, growing prevalence of cancer and cardiac diseases, rapidly aging population, and rising public and private funding to develop healthcare infrastructure in the emerging countries.

In addition, numerous initiatives in BRIC diagnostic imaging equipment industry have been taken by leading market players, such as launch of diagnostics centers and academic institutes to improve diagnostic imaging facilities in BRIC nations. These initiatives are further aiding the growth of the BRIC diagnostic imaging equipment market. However, factors such as high cost of diagnostic imaging systems, side-effects of radiation exposure, and shortage of helium are restraining the growth of the BRIC diagnostic imaging equipment market. Improving healthcare infrastructure and low cost of imaging procedures in emerging markets are creating opportunities for the growth of the diagnostic imaging equipment market in BRIC countries. Complete report is available at http://www.reportsnreports.com/reports/107664-global-diagnostic-imaging-ct-mri-x-ray-ultrasound-market-.html .

The ultrasound system segment held the largest share of the BRIC diagnostic imaging equipment market in 2013 and is poised to grow at a CAGR of 11.4% in the forecast period. Factors such as the increasing number of product launches, the rising incidence and prevalence of liver and breast cancer, and growing awareness on diagnostic imaging are propelling the growth of the ultrasound systems market in BRIC countries.

The BRIC diagnostic imaging equipment market is highly competitive, with a large number of international as well as domestic market players. GE Healthcare (Division of General Electric Co.), Philips Healthcare, Siemens Healthcare, toshiba Medical Systems Corporation, Hitachi Medical Corporation, Carestream Health, Inc, Esaote S.P.A, Hologic Inc, Samsung Medison and Shimadzu Corporation dominated the BRIC diagnostic imaging equipment market in 2013. New product launches and product developments are the key growth strategies adopted by market players. Along with these strategies, expansions, partnerships, agreements, and collaborations were also adopted by a significant number of market players to strengthen their product portfolio and expand their presence. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=107664 .

China accounted for the largest share of ~45.0 % of the BRIC diagnostic imaging equipment market in 2013, followed by Russia. China is also poised to grow at the highest CAGR of 12.0% in next five years. The growth of the Chinese diagnostic imaging equipment market is primarily driven by rising government investments to improve its healthcare facilities (opening new hospitals and clinics) in rural areas, increasing incidence and prevalence of target diseases, and rapidly aging population. Likewise, rising efforts by domestic players to expand their customer base in China is further fuelling the growth of the diagnostic imaging equipment market. Priced at $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=107664 .

Based on type of modality, the BRIC diagnostic imaging equipment market is divided into six segments, namely, ultrasound systems, X-ray imaging systems, computed tomography (CT) systems, magnetic resonance imaging (MRI) systems, nuclear imaging systems (comprise SPECT and PET systems), and mammography systems. Each of these segments is further sub segmented based on product type. Ultrasound systems market is further sub segmented by technology (color Doppler ultrasound imaging systems and black & white ultrasound imaging systems) and portability (trolley-based and compact/portable ultrasound imaging systems). The X-ray imaging systems segment is further sub segmented by technology (analog X and digital (computed radiography and direct radiography)) and portability (stationary and portable). The MRI systems market is divided by architecture (closed MRI and open MRI) and field strength (high-field, very high-field, and low-to-mid-field MRI systems). Mammography systems are segmented on the basis of technology into analog mammography and digital mammography. Likewise, the market for CT scanners is further segmented on the basis of slice type (mid-end slice CT scanners, low-end slice CT scanners, and high-end slice CT scanners).

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