Research on Diagnostic Market : Asia-Pacific to Witness Highest Growth by 2020

<strong>Research</strong> on Diagnostic Market : Asia-Pacific to
Witness Highest Growth by 2020
Diagnostic imaging devices allow healthcare experts to view inside the body for clues of a medical
condition. These devices play a crucial role in timely diagnosis of the root cause of an ailment so
that the course of treatment for the condition can be planned. The type of imaging to be used
depends on symptoms and body part which is to be examined.
Medical imaging comprises services provided by radiologists, radiographers, medical physicists,
and biomedical professionals who use high quality imaging equipment for accurate results.
These devices or equipments are used for imaging a patient’s body so that timely and accurate
diagnosis can be obtained to design a proper treatment for recovery.
The global diagnostic imaging devices market is expected to grow from US$26,477.1 million in
2014 to US$35,793.4 million in 2020, to exhibit progress at a CAGR of 5.2% between 2013 and
2020.
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Technological Advancements and Government Initiatives to Propel Global Diagnostics
Imaging Devices Market
The growing prevalence of chronic diseases worldwide has compelled the healthcare industry to
adopt measures to curb the incidence of their occurrences. To check the rising incidence of chronic
ailments, non-profit healthcare institutions, medical devices manufacturers, and healthcare industry
have increased their efforts. This in return is propelling the global diagnostic imaging devices
market.
Moreover, increasing government initiatives, and support programs to curtail prevalence of lifethreatening
diseases such as cancer, tuberculosis, and cardiovascular diseases is contributing
considerably to the growth of the global diagnostic imaging devices market. Increased investment
by government agencies is also driving demand in the market.
However, stringent regulations and risk of developing cancer due to long-term contact with
radiation are the toughest challenges faced by the diagnostic imaging devices market.
Nevertheless, increased initiatives adopted by key players to develop and design diagnosis
techniques to ensure accuracy in examination of chronic diseases and globally rising geriatric
population are expected to create lucrative opportunities for the market.
The global diagnostic imaging devices market is segmented on the basis of devices which
comprise X-ray, magnetic resonance imaging (MRI), nuclear imaging system, ultrasound,
computed tomography (CT) scanner, and others. X-ray imaging devices accounts for the largest
share in the global diagnostic imaging devices market. This segmenbt is followed by ultrasound
systems, CT devices, and MRI.

The ultrasound segment was estimated at US$6,146.7 million in 2014 and is expected to reach
US$8,363.4 million in 2020 growing at a CAGR of 5.3% between 2013 and 2020. The CT systems
segment is divided on the basis of slice, namely middle-end slice CT scanner, low-end slice, and
high-end slice CT scanner.
High Adoption of Advanced Healthcare Solutions to Fuel North America Diagnostic Imaging
Devices Market
Based on geography, the global diagnostic imaging devices market is segmented into North
America, Asia, Europe, and Rest of the World (RoW). North America dominates the global
diagnostic imaging devices market attributed to increasing geriatric population, wide range of
infrastructure for diagnostic imaging, high incidence of life-threatening diseases, and intensive
research activities.
Further, increased government initiatives, rising adoption of advanced healthcare solutions and
improved healthcare insurance for diagnostic imaging has led various players operating in the
region to invest significantly in emerging markets such as India and China. The rising demand for
diagnostics owing to rising prevalence of chronic diseases is driving the diagnostic imaging devices
market in Asia Pacific.
Chapter 1 Preface
1.1 Report Description
1.2 <strong>Research</strong> Methodology
1.3 Assumptions
Chapter 2 Market Synopsis
Chapter 3 Porter’s Five Forces Analysis
3.1 Bargaining Power of Suppliers
3.2 Bargaining Power of Buyers
3.3 Threat of New Entrants
3.4 Threat of Substitutes
3.5 Intensity of Rivalry
Chapter 4 Industry Overview
4.1 Market Definition
4.2 Market Drivers
4.2.1 Growing geriatric population
4.2.2 Increasing prevalence of chronic diseases and injuries
4.2.3 Growing awareness about the benefits of early diagnosis of diseases among individuals
4.2.4 Technological advancements and widening application of diagnostic imaging devices
4.2.5 Increasing funding from government bodies
4.3 Impact analysis of Market Drivers
4.4 Market Restraints
4.4.1 Heightened risk of cancer owing to exposure to radiation
4.4.2 Shortage of helium for magnetic resonance imaging (MRI) systems

4.4.3 Strict regulatory requirements
4.5 Impact Analysis of Market Restraints
4.6 Market Trends
4.6.1 Growing product innovation
4.6.2 Rising number of collaborations and partnerships
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Chapter 5 Global Market Size and Forecast
Chapter 6 Market Size and Forecast by X-rays
6.1 X-rays
6.1.1 By technology
6.1.2 By portability
Chapter 7 Market Size and Forecast by Ultrasound
7.1 Ultrasound systems
7.1.1 By technology
7.1.2 By portability
Chapter 8 Market Size and Forecast by Computed Tomography
8.1 Computerized tomography (CT) sc
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