Global Medical Imaging Market 2018-2024 - Rise in Demand of Portable and Wireless Medical Imaging
DUBLIN, Oct. 11, 2018 /PRNewswire/ --
The "Global Medical Imaging Market Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Global Medical Imaging Market is estimated to witness a CAGR of 5.8% during the forecast period 2018-2024.
The market has witnessed substantial growth in the past few years due to an increase in the acceptance of hybrid technology, multi-modality systems, increased adoption of lower doses of ionizing radiation, an increase in demand for healthcare service, active or favorable support by the government, and rise in the prevalence of chronic diseases. Diagnostic imaging is one is one of the major industries in healthcare, which has adapted to constant changes and continuing to grow consistently.
Imaging systems today have extensive applications in many fields and in medical the use of X-ray medical diagnostic (computer tomography or digital radiography). The design and features of current imaging systems give an optimal use of information contained in X-ray quanta, which have passed through the patients. There are numerous technologies being driven and it is hard to provide accurate diagnostic images at a lower cost. Therefore, the use of advanced medical imaging systems enables effective and efficient diagnosis.
Factors such as ageing, progressive health condition, hypertension, alcohol consumption, secondary medical conditions such as diabetes depression, cardiovascular, and another serious medical condition. The sales of medical imaging are expected to increase through advancement and technological adoption of multi-modality imaging systems in hospitals.
In North America, the US and Canada are set to be the leading countries owing to the highest number of diagnostic cases in 2017. This region dominates the overall presence of medical imaging and has the most diversified X-ray systems available in the market. It has the highest population share who are elderly, with many individuals with chronic diseases such as CVD, diabetes, obesity, high blood pressure, and other urology related factors. This has attracted most of the customers to sustain and grow over the period and maintain their product presence in the market.
Europe is set to be the second leading region and held more than 25% of the market share in 2017. The market in Europe was largely driven by advances in medical imaging technologies. Factors such as increase in the prevalence of diseases, continuous adaption of advanced technologies, and an increase in population ageing is driving the market. The countries such as Germany, France, UK, and Italy are the major contributor to the market. The APAC region is the fastest growing region in the global medical imaging market in 2017.
The global medical imaging market has immense growth opportunities in both developed and developing regions. The market in the developed countries is witnessing an increased adoption of medical imaging systems for high-quality imaging, screening and diagnosing due to improved access and encouragement from the government & other healthcare institutions, especially in the US, Canada, France, Germany, and the UK.
The advances in technology and product upgrades will increase the competition among vendors. The market is highly dynamic with the presence of few big players accounting for more than 65% share in the overall market. Siemens Healthcare, GE Healthcare, Philips Healthcare, Toshiba Medical Systems, Hitachi Medical, and Fujifilm Holdings Corp dominated the global Siemens Healthcare, GE Healthcare, Philips Healthcare, Toshiba Medical Systems, Hitachi Medical, and Fujifilm Holdings Corp market in 2017. Other companies like Canon Medical Systems Corporation, Carestream Health, Shimadzu Medical, Hologic, and Esoate SpA have a negligible share and compete strongly with the leading vendors in the market. The benefits such as safety, high-quality images, easy monitoring and analysis of 3D images, obtain high-resolution images to show small breast cancers, and combination with multi-imaging systems have increased the demand of medical imaging in the market.
Key Topics Covered:
1 Industry Outlook
1.1 Medical Devices Industry
1.1.1 Medical Imaging
1.2 Definition: Medical Imaging
1.3 Why Medical Imaging?
1.4 Evolution of X-ray technology
1.5 Industry Trends
1.6 Healthcare Spending in the US
1.7 Reimbursement Scenario
1.8 Regulatory Bodies & Standards
1.9 Emerging Global Markets
1.10 Patient demographics
1.11 PESTLE Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 Opportunity analysis
3.4 Reformation in radiology
3.5 Related Markets
4 Market Characteristics
4.1 Market Segmentation
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Increase in adoption of imaging systems
4.2.1.2 Rise in number of diagnostic centers
4.2.1.3 Increased government initiatives
4.2.1.4 Rise in demand of multi-modal imaging
4.2.1.5 Widespread applications of medical imaging
4.2.2 Restraints
4.2.2.1 High cost
4.2.2.2 Unfavorable reimbursement plans
4.2.2.1 Intense competition among vendors
4.2.2.2 Paucity of skilled healthcare professionals
4.2.3 Opportunities
4.2.3.1 Advancement in medical imaging
4.2.3.2 Integration of hybrid medical imaging systems
4.2.3.3 Early prevention and diagnosis
4.2.3.4 Rise in demand of portable and wireless medical imaging
4.2.4 DRO - Impact Analysis
4.2.5 Key Stakeholders
5 Trends, Roadmap and Projects
5.1 Market Trends & Impact
6 Buying criteria
7 End-users
7.1 Hospitals
7.2 Ambulatory Care
7.3 Diagnostic centers
7.4 Others (research centers, non-profit organizations, and nursing home)
8 Regions
8.1.1.1 Overview
8.1.2 North America
8.1.2.1 Market Overview:
8.1.3 Europe
8.1.3.1 Market Overview:
8.1.4 APAC
8.1.4.1 Market Overview:
8.1.5 Rest of the World
8.1.5.1 Market Overview:
9 Market Attractiveness
9.1 Market Attractiveness by Types
9.2 Market Attractiveness by End Users
10 Competitive Landscape
10.1 Competitor Comparison Analysis
11 Vendor Profiles
11.1 GE Healthcare
11.2 Philips Healthcare
11.3 Fujifilm Holdings Corp
11.4 Siemens Healthcare
11.5 Toshiba Medical Systems
11.6 Hitachi Medical
12 Companies to Watch for
12.1 Shimadzu Corp
12.2 Thales Group
12.3 Agfa-Gevaert N.V.
12.4 Carestream Health Inc.
12.5 Hologic Corp
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