The Global Medical Imaging Equipment Market is likely to grow in the coming years due to the increasing incidence of chronic diseases such as liver, cancer, and cardiovascular diseases. According to a report published by Fortune Business Insights, titled “Medical Imaging Equipment: Global Market Analysis, Insights and Forecasts, 2018-2025,” the market is likely to reach US$ 44,077.7 Mn by 2025. The market was valued at US$ 30,814.2 Mn in 2017, and the value will increment at a CAGR of 4.6% during the forecast period.
Medical imaging equipment is used in the diagnosis of several diseases such as oncology, orthopedics, cardiology, neurology, gynecology, and others. High prevalence of cancer among people around the world and increasing awareness regarding early detection and diagnosis of cancer are major factors that contribute towards the growth of the global medical imaging equipment market. Furthermore, easy access to diagnostic imaging centers in developing nations is likely to boost the applications in oncology segment in the global medical imaging equipment market during the forecast period.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• GENERAL ELECTRIC COMPANY
• Hitachi, Ltd.
• Shimadzu Corporation
• Siemens Healthcare GmbH
• Koninklijke Philips N.V.
• Supersonic Imagine
• Hologic, Inc.
• Fujifilm Holdings Corporation.
Increasing Demand for Ultra-Sonic Equipment to Boost Growth
To suffice the constantly increasing demand and growing expectations from end users, healthcare manufacturers are putting in more efforts to come up with new products. Along with new products, healthcare manufacturers are also under the pressure of improving product and device efficiencies. There is an increasing demand for ultrasound imaging equipment arising from healthcare settings in emerging countries.
The major reason for this rising demand is the improved efficiency of new ultrasound imaging equipment introduced in the market. Among all types of medical imaging equipment, ultra-sonic devices accounted for almost 22.9% of the global medical imaging equipment market.
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Growing Adoption of Technologically Advanced Systems to Drive the Market in the US
The increasing investment by government and public organizations towards diagnosis and treatment of cancer has paved the way for innovations and advancements in the global medical imaging equipment market. The increasing awareness about the effects of major diseases such as cancer and orthopedic diseases has fueled the demand for early detection of these disease and immediate diagnosis methods. Furthermore, research initiatives by the leading companies are aiding the growth of the market in the U.S. In 2018, Siemens Healthcare GmbH introduced two new magnetic resonance imaging scanners.
The products were an instant hit within the healthcare personnel and there was an immediate demand for Siemens’ devices for medical imaging. The increasing demand had a direct impact on the overall market in the US. Besides the US, the medical imaging equipment market in Asia Pacific is likely to grow in the coming years due to high investments in research and development of medical imaging by private organizations and leading investor firms.
· Magnetic Resonance Imaging Equipment
· Computed Tomography Equipment
· X-ray Equipment
· Ultrasound Equipment
· Molecular Imaging Equipment
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