Medical Diagnostic Device Market: Building a Healthy Tomorrow

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Mar 13, 2020, 09:00 ET

PUNE, India, March 13, 2020 /PRNewswire/ -- A recent FDI report published by Infinium Global Research describes and evaluates the Global Medical Diagnostic Devices Market. The report covers a detailed analysis of market dynamics, market attractiveness analysis and market structures by regions. However, "the core report study includes regional prospects, investment analysis, opportunities, trends, FDI, import and export analysis, entry strategies and market forecast up to 2025." The report study predicted the market for the medical diagnostic device market will reach up to 130.41 billion with a CAGR of 5.84% over the forecast period (2019-2025).

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The report has highlighted entry strategies for the market, procedures for investment, FDI norms, FDI current vs past and prospects in a particular country. The factors studied in this report will help to understand the investors. Further, the report covers the regulatory framework i.e. the legal documents required; certifications required for the investment in a particular country. The report will also help the investor to understand the past and present FDI statistics and regulations set by the government of the country.

The study also includes import and export statistics for the major medical device manufacturing and consumer countries. The report provides insights into the market using analytical tools such as Porter's five forces analysis and diamond model, value chain analysis and opportunities and DRO analysis of the electronic components market. Porter's diamond model helps to understand the competitive position of the country in the global market.

Increase in the Number of Cases with Chronic Diseases is Expected to Drive the Industry

Medical diagnosis devices help patients in improving their quality of life by assisting health care professionals to diagnose and treat patients and help them to overcome sickness or disease. The need for medical diagnostic devices has almost doubled in the last few years as the number of cases with chronic diseases increased at an enormous rate.

Global factors such as a change in lifestyle, improper food habits and changing environmental conditions contributing to the rise in the cases of heart, respiratory diseases, diabetes mellitus, Stroke, etc. Based on the global stats provided by WHO Ischemic heart disease, coronary artery disease, Stroke, Lower respiratory infections, chronic obstructive pulmonary disease, Trachea, bronchus, and lung cancers and diabetes mellitus among others are the deadliest diseases in the world.

Early Onset of Diseases are Fueling the Demand of Regular Health Checkups and Early Disease Diagnosis

In the last few decades the disease patterns have been changed, cases with some of the chronic diseases such as diabetes, heart diseases are now observed in the young population, changing lifestyle, uptake unhealthy food and environmental pollutions are contributing to the change in the early onset of the diseases. Which in turn has increased the diagnosis rate in the young population? Furthermore, rising awareness among people about chronic diseases is also contributing to regular checkups.

High Prices of the Instruments and Their Maintenance Cost Can Hinder the Market Growth

Medical diagnostic devices come with the high prices as the components used in the devices like different types of sensors such as Air Bubble Detectors, Force Sensors, Humidity Sensors, Photo Optic Sensors, Piezo Film Sensors, Pressure Sensors, Position Sensors, Temperature Sensors, image capturing lenses adds high price to the devices. An MRI machine costs Rs 3 crore, CT scan machine costs nearly Rs 1 crore, mammography machine comes for about Rs 60 lakh and lithotripsy machine, Rs 70 lakh. On the other side, the monthly maintenance cost for MRI machines can go up to USD 2000 per month for a small permanent magnet MRI or over $10,000 per month for a 3 Tesla whole-body MRI system.

Asia Pacific to Witness High Growth in the Forecast Period Owing to the Favoring Government Policies for Market Expansion.

Based on the study done by our analyst, the global medical diagnostic device market is dominated by North America. North America holds nearly 40% share of the global medical diagnostic device market. Developed healthcare infrastructure, rising awareness among the population for the early diagnosis of chronic diseases.

Along with North America, the report covers market study for other regions such as Europe, the second-largest market after North America, Asia-Pacific and others. A study suggested that the medical diagnostic device market in the Asia-pacific region will grow with a high CAGR during the forecast period. The growing geriatric population and growing expenditure on the healthcare sector are some major factors promoting the growth of the market in this region.

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Global Medical Diagnostic Devices Industry Coverage

Chapter -1 Preface

Introduction
Research Methodology
Research Approaches

Chapter -2 Executive Summary

Global Medical Diagnostic Devices Market Highlights, (USD Billion)
Investment and Revenue Pockets
Global Medical Diagnostic Devices Market Regional opportunities

Chapter -3 Market Overview & Competitiveness

DRO Analysis
Value Chain Analysis and Opportunities
Market Attractiveness Analysis
Global Medical Diagnostic Devices Market Competitive Landscape and Leading Companies

Company Profiles

Olympus Corporation.
Hologic, Inc.
Danaher Corporation
Abbott Laboratories
Koninklijke Philips N.v.
Johnson & Johnson
GE Healthcare
Roche Holdings AG
Becton, Dickinson and Company
Toshiba Medical Systems Corporation
Medtronic plc
Hitachi Medical Corporation.
BioMerieux.
Shimadzu Corporation.

Chapter -4 Global Medical Diagnostic Devices Market: Regional Prospects, Investment Analysis, Opportunities, Trends, FDI, Import and Export Analysis, Entry Strategies and Forecast up to 2025

Overview

Chapter -5 Global Medical Diagnostic Devices Market, By Region

Overview
North America Medical Diagnostic Devices Market
Europe Medical Diagnostic Devices Market
Asia-Pacific Medical Diagnostic Devices Market
MEA Medical Diagnostic Devices Market
South America Medical Diagnostic Devices Market

Chapter -6 Global Medical Diagnostic Devices Market, by Device Type

Overview
X-Ray
Magnetic Resonance Image (MRI)
Ultrasound
CT Scan
Nuclear Imaging
Cardiac Catheter
Endoscopy
Electrocardiogram
Echocardiography
Electroencephalography

Chapter -7 Global Medical Diagnostic Devices Market, by Application

Overview
Ischemic Heart Disease
Lower Respiratory Infections
Stroke
Chronic Obstructive Pulmonary Disease
Trachea, Bronchus, and Lung Cancers
Diabetes Mellitus
Tuberculosis

Browse in-depth TOC on "Medical Diagnostic Device Market"

About Us

Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes and non-profit/non-government organizations to meet their knowledge and information needs.

Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide the knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations and environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.

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