Health & Wellness

Diagnostic Imaging Market To Boost Rapidly And Reach Around USD 33.50 Billion By 2021

Major players working in the global diagnostic imaging market comprise Siemens Healthcare GmBH, GE Healthcare, Toshiba Medical Systems Corporation, Koninklijke Philips N.V., Carestream Health, Inc., Hitachi Medical Corporation, Hologic, Inc., Esaote S.p.A, Samsung Medison, Fujifilm Corporation, and Shimadzu Corporation. These players are set to place the diagnostic imaging market to new heights.

According to the analysts at Zion Market Research, the global diagnostic imaging market was capitalized at almost USD 23.50 Billion in 2015 and is likely to cross almost USD 33.50 Billion by 2021, developing at a CAGR of almost 6.0% from 2016 to 2021

Development In The Pharmaceutical Sector To Assist The Development Of The Diagnostic Imaging Market In The Years To Come

“Growing occurrences of chronic diseases and increasing geriatric population are some of the major reasons propelling the development of global diagnostic imaging market,” as per analysts at Zion Market Research. Development in the pharmaceutical sector is one more major reason that is likely to assist the development of the diagnostic imaging market in the years to come. Government investments and support paired with R&D activities particularly in nations such as the U.K. and the U.S. is likely to drive the growth of the diagnostic imaging market in the years to come. On the other hand, the high price of machinery and its installation is a primary hindering factor for the growth of the diagnostic imaging market. Moreover, the danger of exposure to high radiation will hamper the employment of CT scanners paired with a lack of helium. This is a major concern for healthcare facilities and MRI manufacturers, which can limit the development of global diagnostic imaging market. Nevertheless, in-progress R&D in the medical diagnostic industry is expected to bring growth opportunities in the global diagnostic imaging market. For example, in January 2018, GE Healthcare rolled out “Versana Essential” (an easy-to-use ultrasound system) bringing enhanced features to a bunch of physicians, comprising general practitioners, OB/GYN, and family practice physicians at a reasonable price.

Rapid Increment In Population And Increasing Government Support To Favor Diagnostic Imaging Market In Asia Pacific

North America ruled the diagnostic imaging market and added for almost 45% share in 2015 of the global diagnostic imaging market. In terms of revenue, North America was chased by Europe. On the other hand, the Asia Pacific market is likely to develop at the uppermost CAGR of almost 7.0% between 2015 and 2021. The diagnostic imaging market in Asia Pacific area is expected to show noteworthy development due to rapid increment in population and increasing government support. The Middle East & Africa and Latin America are also likely to show noteworthy development in diagnostic imaging market in the years to come.

This review is based on a report by Zion Market Research, titled “Diagnostic Imaging Market by Products (X-ray Imaging Systems, CT Scanners, MRI Systems, Ultrasound Imaging Systems and Nuclear Imaging Systems) – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”

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The global diagnostic imaging market is segmented as follows:

By Type

  • X-ray Imaging Systems
  • CT Scanners
  • MRI Systems
  • Ultrasound Imaging Systems
  • Nuclear Imaging Systems

By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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Hiren Samani

Hiren is an energetic travel aficionado and a gizmo freak. He prefers to write when engaged in finding out how science works on every possible action or occurrences. Hiren is passionate about the work research he does and has succinct knowledge about the same, which makes him an efficient contributor of our team.

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