Global Medical Imaging Equipment Market: Snapshot
Innovative progressions in the 3D imaging innovation are one of the main considerations assessed to energize the development of the worldwide medical imaging equipment market in the following couple of years. The advancement in the PC helped location and the rising applications for imaging demonstrative applications are the portion of other key factors that are probably going to drive the worldwide market in the following couple of years. In addition, the expanding occurrence of countless maladies, including orthopedic, respiratory, and cardiovascular is anticipated to result in an intense interest for medical imaging equipment all through the estimated period.
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However, the decrease in the financial limit of medicinal services is foreseen to confine the development of the worldwide medical imaging equipment market in the following couple of years. Likewise, the rising mindfulness among specialists with respect to the risks of the radiations by imaging gadgets is evaluated to diminish the development of the market all through the conjecture time frame. Nevertheless, the rising pervasiveness of a few unending sicknesses is foreseen to produce promising development open doors for the market players over the globe.
According to the report by Transparency Market Research (TMR), the global medical imaging equipment market registered the revenue of about US$27.70 bn in 2013 and is expected to expand at a CAGR of 5.6% over the forecast period from 2015 to 2023 to attain the value of around US$45.30 bn by 2022.
Global Medical Imaging Equipment Market: Segments
The medical imaging equipment market is segmented on the basis of the product, technology, and region. Based on product, the medical imaging equipment market is segmented into X-ray devices, ultrasound systems, computed tomography (CT) scanners, magnetic resonance imaging (MRI) equipment, and nuclear imaging equipment.
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Based on the technology, the medical imaging equipment market is segregated into X-ray devices, ultrasound systems, computed tomography (CT) scanners, magnetic resonance imaging (MRI) equipment, and nuclear imaging equipment. Further segmentation of the market is x-ray devices segment in to Analog X-ray technology, digital radiography, and computed radiography. ultrasound systems segmented in to 2-d, 3-d & 4-d, Doppler, high intensity frequency ultrasound (HIFU), and lithotripsy. Computed tomography (CT) scanners segmented in to stationary and mobile. Magnetic resonance imaging (MRI) equipment is segmented in to low-slice, medium-slice, and high-slice.
Nuclear imaging equipment is segmented in to SPECT Scanner and PET scanner.
Global Medical Imaging Equipment Market: Regional Analysis
On the basis of region, the global medical imaging equipment market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa (MEA), and South America. Of these, North America dominated the global market for medical imaging equipment market owing to growing demand for advanced healthcare infrastructure. Thus, the region is expected to grab a value of US$13.50 bn by the end of 2023 from US$9.44 bn in 2015. The region is likely to exhibit growth rate of 4.6% over the forecast period.
Additionally, high demand for the advanced techniques such as PET/MRI and PET/CT from the region coupled with picture archiving and communication systems (PACS), and digital and computed radiography during the forecast period is expected to benefit market growth to some extent.
Global Medical Imaging Equipment Market: Competitive Landscape
Some of the key players operating in the global medical imaging equipment market include Siemens Healthcare, Philips Healthcare, Hitachi Medical, GE Healthcare, Samsung Medison Co. Ltd., Shimadzu Corporation, and Hologic, Inc.
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