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Global Diagnostic Imaging Market 2017-2021 - A Potential $36.4 Billion Market - Research and Markets
[January 09, 2018]

Global Diagnostic Imaging Market 2017-2021 - A Potential $36.4 Billion Market - Research and Markets


The "Diagnostic Imaging Market by Product, MRI, Application, End User - Global Forecast to 2021" report has been added to Research and Markets' offering.

The global diagnostic imaging market is expected to reach US$36.43 billion by 2021, from US$26.53 billion in 2016, at a CAGR of 6.6%.

Factors such as the increasing incidence and prevalence of chronic diseases across the globe, technological advancements in the imaging systems, growing government investments for the 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.

In 2016, North America commanded the largest share of the market, followed by Europe and the 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 (News - Alert). (Jpan), Carestream Health, Inc. (U.S.), Esaote S.p.A (Italy), Hologic, Inc. (U.S.), Samsung Medison (South Korea), and Shimadzu Corporation (Japan).

Market Dynamics

Drivers


  • Increasing Investments, Funds, and Grants By Government Bodies for Modernization of Imaging Facilities
  • Increasing Investments From Public-Private Organizations
  • Growth in the Number of Diagnostic Imaging Centers
  • Rising Prevalence of Cancer
  • Increasing Geriatric Population and the Subsequent Growth in the Incidence of Various Diseases
  • Technological Advancements in Diagnostic Imaging Modalities
  • Increasing Preference for Minimally Invasive Treatments

Restraints

  • High Cost of Diagnostic Imaging Systems (News - Alert)
  • Technological Limitations Associated With Standalone Systems Affecting Their Usage in Various Applications
  • Unfavorable Healthcare Reforms in the U.S.
  • Shortage of Helium, A Major Concern for MRI Manufacturers and Healthcare Facilities

Opportunities

  • High Growth Opportunities in Emerging Countries
  • Growing Demand for Diagnostic Imaging Devices and Focus of Key Market Players
  • Medical Tourism and Improving Healthcare Infrastructure
  • Development of Low-Cost, Technologically Advanced Imaging Systems With Applications in Multiple Fields

Challenges

  • Hospital Budget Cuts
  • Increasing Adoption of Refurbished Diagnostic Imaging Systems
  • Dearth of Trained Personnel

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Insights

7 Diagnostic Imaging Market, By Product

8 Diagnostic Imaging Market, By Application

9 Diagnostic Imaging Market, By End User

10 Diagnostic Imaging Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Carestream Health
  • Esaote S.P.A
  • Fujifilm Holdings Corporation
  • GE Healthcare (General Electric Company)
  • Hitachi Ltd.
  • Koninklijke Philips N.V.
  • Samsung Medison
  • Shimadzu Corporation
  • Siemens Healthcare GmbH (Siemens AG (News - Alert))
  • Toshiba Medical Systems Corporation (Toshiba Corporation)

For more information about this report visit https://www.researchandmarkets.com/research/zlpl64/global_diagnostic?w=4


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