This report studies the Diagnostic imaging technologies global market over the forecast period 2014 to 2020. The market is expected to grow at mid range single digit CAGR during the forecast period. Increasing incidence of life threatening diseases with growth of aged cohort, growing awareness among people about early disease diagnosis and improving healthcare expenditure in emerging markets, high number of ongoing research activities across the globe are the factors driving the market growth.
Globally among the diagnostic imaging techniques, ultrasound is the most frequently used imaging procedure with more than 750 million exams per year followed by X-ray, CT, MRI, and nuclear medicine. This indicates that diagnostic imaging market contributes to its highest share among all imaging techniques.
High cost of diagnostic imaging systems, imposition of excise tax on sale of medical devices and risk of radiation exposure limiting the usage of some diagnostic imaging systems are the factors hampering the market growth.
North America holds the largest share in the global diagnostic imaging market, followed by Europe. However, the Asia-Pacific market is expected to grow at the high end single digit CAGR during the forecast period. The Asian and Latin American countries represent the fastest growing markets due to increasing government support for research and rising industry and academic partnerships for pre-clinical research. But still the factors such as economic slowdown, pricing pressures may compel the companies to focus on Asian markets.
The top key market players in the global diagnostic imaging market are Analogic Corporation (U.S.), GE Healthcare (U.K), Philips Healthcare (Netherland), Siemens Healthcare (U.S.), Toshiba Medical Systems Corporation (Japan), Hitachi Medical Corporation (Japan), Carestream Health, Inc. (U.S.), Hologic, Inc. (U.S.), Samsung Medison (South Korea) and Shimadzu Corporation (Japan). Among them GE Healthcare (U.K.) holds the leadership position in the global market by launching many new products into the market.
Key Topics Covered:
1 Executive Summary
3 Market Analysis
4 Diagnostic Imaging Global Market, By Products
4.2 Computed Tomography (CT) Scanners
4.3 Nuclear Imaging (Ni) Equipment
4.4 Magnetic Resonance Imaging (MRI) Systems
4.5 Ultrasound Scanners
4.6 X-Ray Devices
5 Diagnostic Imaging Global Market, By Technology
5.3 Nuclear Imaging
5.6 X Ray
6 Diagnostic Imaging Global Market, By Application