Diagnostic Imaging Market: X-Ray System Leading Growth at 6.2% CAGR to 2020

09 Mar, 2016, 21:00 ET from ReportsnReports

PUNE,India, March 10, 2016 /PRNewswire/ --

The worldwide diagnostic imaging market is estimated to grow at a CAGR of 6.2% from 2015 to 2020. Although the mature markets such as North America and Europe hold larger share in diagnostic imaging market, the Asia-Pacific region is expected to grow at the highest CAGR of 7.2%.

Complete report on global diagnostic imaging market spread across 208 pages, profiling 10 companies and supported with 93 tables and 61 figures is now available at http://www.reportsnreports.com/reports/279649-diagnostic-imaging-market-by-x-ray-systems-digital-analog-portable-computed-tomography-ultrasound-imaging-systems-2d-3d-4d-doppler-mri-machines-closed-open-and-nuclear-imaging-systems-spect-pet-pet-ct-global-forecasts-to-2018.html   

The growth of the diagnostic imaging market is primarily triggered by factors such as the increasing aging population, improving healthcare facilitates in emerging countries of Asia-Pacific and RoW region, geographic expansion of market players, and the government initiatives to fulfil healthcare needs. However, factors such as high cost of diagnostic imaging systems, growing preference of hospitals towards refurbished devices due to budget constraints, and reimbursement cuts in mature regions are restraining the growth of the diagnostic imaging market. Growing public-private investments by market players in the emerging regions of Asia-Pacific and RoW are creating opportunities for the growth of diagnostic imaging market in these regions.

Based on the type of modalities, the global diagnostic market is categorized into five segments, namely, X-ray Imaging Systems, Computed Tomography (CT) Systems, Ultrasound Systems, Magnetic Resonance Imaging (MRI) Systems, and Nuclear Imaging Systems. Each modality is further divided into sub segments. The X-ray and ultrasound systems market is divided on the basis of technology and portability; whereas, CT systems are divided on the type of slice. MRI systems are divided on the basis of type of architecture and field strength. The nuclear imaging systems market is categorized into SPECT and hybrid PET systems, which are further, divided into standalone and hybrid modalities.

The X-ray imaging system is expected to hold the largest share of the global diagnostic imaging market in the forecast period. Factors such as the increasing number of new product launches by market players to strengthen their product portfolio and strategic collaborations to offer expanded capabilities to customers are stimulating the growth of the global X-ray imaging systems market.

Geographically, North America commands the largest share of~33% of the global diagnostic imaging market in 2015, followed by Europe. The diagnostic imaging market in the North American market is primarily driven by various factors, including the high incidence and prevalence of various diseases (such as cancer and CVD), large number of diagnostic imaging centers and procedures in this region, growing number of ongoing research activities, and fast adoption of technologically advanced imaging systems.

The global diagnostic imaging market is highly competitive, with a large number of global and local players. As of 2015, the global diagnostic imaging market was dominated by GE Healthcare (General Electric Company, U.K.), Siemens Healthcare GmBH (Siemens AG, Germany), Koninklijke Philips N.V. (The Netherlands), Toshiba Medical Systems Corporation (Toshiba Corporation, Japan), and Hitachi Medical Corporation (Hitachi Ltd., Japan). Order a copy of Diagnostic Imaging Market by Product (X-ray Imaging Systems, CT Scanners (High-end, Mid-end & Low-end Slice CT), MRI Systems, Ultrasound Imaging Systems, Nuclear Imaging Systems), Region (North America, Europe, Asia-Pacific, RoW) - Global Forecast to 2020 research report at http://www.reportsnreports.com/purchase.aspx?name=279649  

On a related note, another research on Near Infrared Imaging Market Global Forecast to 2020 says, the global near-infrared imaging market is projected to reach USD 471.2 million by 2020, at a CAGR of 8.8% from 2015 to 2020. North America contributed the largest share to the near-infrared imaging market in 2014. The near-infrared imaging market has been segmented by geography into North America, Europe, Asia-Pacific, and Rest of the World. Companies like  Biospace Lab, Fluoptics, Mizuho Corporation, Li-Cor, Inc., Bruker Corporation, Carl Zeiss Meditec AG, Novadaq Technologies Inc., Hamamatsu photonics K.K., Karl Storz GmbH &Co. KG, PerkinElmer Inc., Promega Corporation and Miltenyi Biotech have been profiled in this 156 pages research report available at http://www.reportsnreports.com/reports/503638-near-infrared-imaging-market-by-product-type-near-infrared-fluorescence-imaging-devices-near-infrared-fluorescence-bioluminescence-imaging-devices-reagents-application-end-user-and-geography-global-forecast-to-2020.html   

Explore more reports on the Medical Devices market at http://www.reportsnreports.com/market-research/medical-devices/   

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