Diagnostic Imaging Market to Grow at a Steady CAGR through 2025
Increasing geriatric population and
rising demand for timely diagnosis of fatal diseases to drive global diagnostic
imaging market
According to TechSci Research report, “Global Diagnostic
Imaging Market By Product Type ( Architecture (Open/Closed), By Field
Strength (High and Very-High Field MRI Systems)) By Systems (Ultrasound Systems,
Nuclear Imaging Systems, X-Ray Imaging Systems, CT
Scanner, MRI System, Mammography System, Fluoroscopy), By Portability
(Stationary, Portability), By Application (OB/Gyn,
Orthopaedic, Musculosekeletal, Neuro &Spine, General Imaging, Cardio &Thoracic, Breast health, Others), By End Users (Hospitals,
Diagnostic Imaging Centers, Others), By Region, Forecast &
Opportunities, 2025,” the global diagnostic imaging market is
anticipated to grow at a steady rate until 2025. Visualization of interior body
organs through diagnostic imaging and technological advancements in the medical
sector are expected to positively influence the growth of the market. The major
factor that can be held responsible for the growth of the market is increasing
geriatric population and rising awareness about timely diagnosis of fatal
diseases with the assistance of X-rays, ultrasound, MRI, etc.
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Diagnostic Imaging Market"
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The global diagnostic imaging market is segmented on the basis of
product type, systems, portability, applications, end users and region. The
system segment is further segmented into ultrasound systems, nuclear imaging
systems, X-ray imaging systems, CT scanners, MRI systems, mammography systems
and fluoroscopy. The largest share was held by X-ray systems in 2019 due to demand
for early and accurate diagnosis. However, MRI system is anticipated to grow at
the highest rate until 2025 owing to technological advancements and adoption of
these systems by healthcare centers.
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Some of the leading players in the global
diagnostic imaging market include Roche, Phillips Healthcare, Abbott, Danaher,
GE Healthcare, Siemens Healthineers, Canon, ThermoFisher Scientific, Fujifilm, Biomerieux,
Sysmex, Ortho Clinical Diagnostics, OBD, Bio Rad, Hologic, Konica Minolta, Grifols,
DiaSorin, Varex Imaging, Exact Sciences, etc. In order to expand their market
share, companies adopt various strategies like new product launches,
collaborations. For instance, GE Healthcare launched many new imaging products
such as SIGNA Premier 3.0T MRI system in 2018, CardioGraphe CT Scanner in 2017
and many more over the previous years.
“In terms of regional analysis, North America
dominated the market in 2019 which can be attributed to presence of leading
players in the region and high annual healthcare expenditure by economies such
as United States. Additionally, ongoing trend of preventive diagnostic
practices coupled with increasing aging population in the region, is expected
to boost the diagnostic imaging market. On the other hand, Asia-Pacific is anticipated
to grow at the highest rate during the forecast years due to increasing health awareness
pertaining to early diagnosis and increasing number of local healthcare devices
manufacturers in countries such as Japan, South Korea.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Diagnostic Imaging Market By Product Type ( Architecture
(Open/Closed), By Field Strength (High and Very-High Field MRI Systems)) By
Systems (Ultrasound Systems, Nuclear Imaging Systems, X-Ray Imaging Systems, CT
Scanner, MRI System, Mammography System, Fluoroscopy), By Portability
(Stationary, Portability), By Application (OB/Gyn, Orthopaedic,
Musculosekeletal, Neuro &Spine, General Imaging, Cardio &Thoracic,
Breast health, Others), By End Users (Hospitals, Diagnostic Imaging Centers,
Others), By Region, Forecast & Opportunities, 2025,” has evaluated the future growth potential of global diagnostic
imaging market and provided statistics & information on market size, shares,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global diagnostic imaging
market.
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