NEW YORK, Sept. 22, 2016 /PRNewswire/ -- Use this report to:
- Analyze the strength and weaknesses of each type of imaging technology in light of the new technologies, growing competition, and changing customer needs.
- Identify the present and future strategies within the different medical imaging market segments and the performance of the market, the setbacks, and the needs of the market.
- Measure and forecast the medical imaging market based on different types of technology, newly approved products, acquisition strategies, and collaborations by companies.
- Discuss the major players in each of the regional markets and explain the global drivers, current products, its constraints, and competitive developments and trends.
- The global market for medical imaging systems is expected to grow from estimated sales of $31.8 billion in 2016 to $42.6 billion by 2021, a compound annual growth rate (CAGR) of 6.1%, from 2016 to 2021.
- The North American medical imaging systems market is expected to grow from $12.8 billion in 2016 to nearly $16.5 billion in 2021 at a CAGR of 5.2% for the period 2016-2021.
- The medical imaging systems market in the emerging markets region is expected to grow from $9.4 billion in 2016 to $13.9 billion in 2021 at a CAGR of 8.0% for the period 2016-2021.
Introduction & Scope
Medical imaging is a high technology-based branch of medicine involving several different technologies that are used to create images of the human body for diagnosing, monitoring or treating medical conditions. The medical imaging industry has experienced significant growth during the last decade due to technological advancements in the market, and it is primarily being driven by the launch of novel as well as well as improved technology systems. The objective in conducting this study is to provide an overview of the current and future characteristics of the global market for medical imaging. The study measures and forecasts the medical imaging market based on various different types of technology. Geographic regional analysis of all these markets is also provided in the study. This report analyzes the present and future strategies within the different medical imaging market segments, including radiography, computed tomography (CT), ultrasound, magnetic resonance imaging and nuclear medicine.
The report analyzes the medical imaging market, which includes hybrid and fusion imaging systems, including positron emission tomography (PET)/computed tomography (CT); single photon emission computed tomography (SPECT); magnetic resonance imaging (MRI)/PET; MRI/SPECT; ultrasound and MRI; ultrasound and CT; and MRI and CT. The performance of the market, the setbacks and the needs of the market are discussed in are also discussed in this report. A detailed analysis of the medical imaging industry structure has been conducted. Revenues are broken down by geographical region. Sales figures are estimated for the seven-year period from 2014 through 2021. The report covers significant patents and their allotments in each category. This report also covers newly approved products, recalls and safety alerts in this type of equipment.
REASONS FOR DOING THIS STUDY
The aim of the medical imaging study is to understand how these imaging technologies have gained significant importance as they provide effective visualization to solve difficult medical cases in an efficient amount of time. The study discusses these technologies as well as the continual development of technologies to ensure that the best quality imaging is being developed to treat difficult medical cases. Globalization, the rise of the medical imaging market and an increase in overall research and development within the market, including continual innovations and advancements in the imaging systems, factors such as the growing and aging population, rising incidence of chronic diseases and the growing focus on early diagnosis and treatment have further led to the increased demand for imaging systems worldwide. Medical imaging technologies have revolutionized the research approach for various conditions that allow for highly specific treatment and the prevention and control of conditions for many injuries and diseases.
Increasing competition and new technologies are directing the market in a new direction. New advancements, new product launches and the increase in the adoption of a sedentary lifestyle have poised the market to grow in the near future. This study looks at the factors affecting this market. Acquisition strategies and collaborations by companies are also covered in this report. This study also discusses the strength and weaknesses of each type of imaging technology in light of the new technologies, growing competition and changing customer needs.
This study will be of interest to manufacturers and users of medical imaging technology and all associated equipment manufacturers. Hospitals and research institutes, and physicians will also find this study to be of interest. The study will offers insights into the current market and will help forecast the varying market conditions. The information can help users understand the market in terms of the factors driving growth, factors limiting growth and key areas of potential prospects.
SCOPE OF THE STUDY
The scope of this report includes a key market analysis, market drivers, its constraints and competitive developments and trends. BCC Research analyzes each market, including its applications, regulatory environment, technology, market projections and market shares. This report involves medical imaging and its associated technology used in the medical imaging industry with the primary focus on the medical imaging market, which includes novel and improved systems as well as hybrid and fusion systems, all of which have had a significant impact in terms of treatment options and optimizing patient care. A complete geographical analysis of the market is also presented in the report. The emerging markets for medical imaging include countries such as India, China, Japan, Korea, Taiwan, Canada, Africa, Australia and New Zealand. Profiles of key market players are also covered in this report.
The technological discussion includes all the latest trends, pipeline products and developments. Also included in the report are comprehensive profiles of companies that lead the medical imaging market. The key market players are Analogic Corp., Esaote S.p.A., General Electric Co. (GE Healthcare), Hitachi Ltd. (Hitachi Aloka Medical Ltd.), Koninklijke Philips N.V. (Philips Healthcare Inc.), Mindray Medical International Ltd., Samsung Electronics Co. Ltd. (Samsung Medison Co. Ltd.), Shimadzu Corp., Siemens AG (Siemens Healthcare GmbH), Toshiba Corp. (Toshiba Medical Systems Corp.), among others.
Both primary and secondary research methodologies were used in preparing this study. BCC Research conducted a comprehensive literature search, which included technical newsletters and journals, and many other sources. Data were collected through interviews and correspondence with manufacturers of imaging equipment. Projections were based on estimates such as the current number of end users, potential end users, mergers and acquisitions, and market trends.
Many companies were surveyed to obtain the data for this study. Included were manufacturers and end users. Data were gathered from various industry sources. BCC Research spoke with officials within the industry, consulted newsletters, company literature, product literature and a host of technical articles, journals, indexes and abstracts. Exhaustive investigation of databases by key terminology was completed. In addition, data were compiled from current financial, trade and government sources.
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