Medical Imaging Equipment Market
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Global <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, 2015 - 2023<br />
Persistence <strong>Market</strong> Research<br />
<strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong> Expected<br />
to Reach US$ 45.3 Bn Globally in 2023<br />
Persistence <strong>Market</strong> Research 1
Global <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, 2015 - 2023<br />
According to a new market report published by Persistence <strong>Market</strong> Research “Global <strong>Market</strong><br />
Study on <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong>,” the global medical imaging equipment market was<br />
valued at US$ 29.4 Bn in 2015 and is expected to reach US$ 45.3 Bn by 2023, growing at a<br />
CAGR of 5.6% during the forecast period from 2015 to 2023.<br />
Improvement in health care reforms in major countries such as Japan, the U.S., China, and U.K.<br />
has enhanced access to various diagnostic and treatment services thereby increasing life<br />
expectancy of the population. Rise in geriatric population is expected to intensify the need for<br />
healthcare products and services in these countries. Moreover, the rising incidence of diseases<br />
across the globe continue to increase the demand for diagnosis equipment, particularly noninvasive<br />
imaging solutions. According to the World Health Organization (WHO), an estimated<br />
17.5 Mn people died due to cardiovascular diseases in 2012, accounting for approximately 31%<br />
of global deaths. Moreover, 235 Mn people were diagnosed with asthma across the world in<br />
2014.<br />
Interested in report: Please follow the below the links to meet your requirements;<br />
Request for the Report Sample: http://www.persistencemarketresearch.com/samples/11215<br />
On account of all these factors, the global medical imaging equipment market is expected to<br />
grow at a CAGR of 5.6% during the forecast period from 2015 to 2023. The market is driven by<br />
the major developed economies of the U.S., Europe, and Asia Pacific. However, emerging<br />
markets, particularly, China, India and Brazil are expected to be the fastest growing market in<br />
terms of CAGR during the forecast period.<br />
With a share of more than 30% in 2015, North America was the largest market for medical<br />
imaging equipment primarily due to high awareness about medical imaging devices financial<br />
capability to purchase expensive machines, rising demand for technologically advanced and<br />
innovative products in hospitals, diagnostics laboratories and outpatient ambulatory surgery<br />
centers, and high investment in improving healthcare infrastructure. Obesity is one of the major<br />
causes of several diseases of cardiovascular system that has led to increase in demand for<br />
diagnostic imaging in the U.S. According to the Centers for Disease Control and Prevention<br />
(CDC), the percentage of obese children aged between 6 years and 11 years increased from<br />
7% in 1980 to 18% in 2012 in the U.S. In addition, increasing healthcare expenditure in the U.S.<br />
in recent years has also assisted in dramatic rise in the usage of medical imaging.<br />
Persistence <strong>Market</strong> Research 2
Global <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, 2015 - 2023<br />
Emerging economies such as China, India, Indonesia, Malaysia, Singapore and Thailand are<br />
providing much needed boost to the medical imaging equipment market. The Asia Pacific<br />
market is driven by demand for refurbished imaging systems as more equipment are needed<br />
with less funds dedicated to healthcare budgets. However, demand for new devices that offer<br />
superior imaging, speed, flexibility and portability are also being adopted in China and India,<br />
countries with the largest market potential. Europe was ranked third, in terms of market size,<br />
after North America and Asia Pacific. Demand in the region is similar to North America, wherein<br />
demand for advanced equipment for all modalities is higher. Western Europe, which includes<br />
major economies such as Germany, U.K., France, and Italy, holds a major share in the region.<br />
View TOC (table of content), Figures and Tables of the Report:<br />
http://www.persistencemarketresearch.com/market-research/medical-imaging-equipmentmarket/toc<br />
Others markets on the global map include Latin America and Middle East & Africa. As the<br />
markets in the developed world are becoming saturated, most the market players are focusing<br />
on emerging markets in Brazil and member states of Gulf Cooperation Council. Looking at the<br />
proximity of Brazil to the U.S., major market players find it convenient to have manufacturing<br />
facilities in Brazil. Therefore, the Latin America market is poised to grow rapidly. In addition, the<br />
government efforts in GCC member states to invest in improving the healthcare infrastructure<br />
and promote medical tourism are facilitating the demand for newer medical imaging equipment.<br />
Key participants in global imaging equipment market include, GE Healthcare, Shimadzu<br />
Corporation, Philips Healthcare, Genesis <strong>Medical</strong> <strong>Imaging</strong> inc., Hologic Inc., Siemens<br />
Healthcare, Samsung Medison Co. Ltd, Carestream Health Inc., Hitachi <strong>Medical</strong> Corporation,<br />
Fujifilm Holdings Corporation, Toshiba Corporation and Fonar Corporation. The medical imaging<br />
equipment market is highly capital.<br />
Browse Full Report: http://www.persistencemarketresearch.com/market-research/medicalimaging-equipment-market.asp<br />
The global medical imaging equipment market is segmented into the following categories:<br />
<strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, by Product<br />
X-Ray Devices<br />
Persistence <strong>Market</strong> Research 3
Global <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, 2015 - 2023<br />
Stationary<br />
Portable<br />
Ultrasound Systems<br />
Cart/Trolley Based Ultrasound System<br />
Compact/Portable Ultrasound System<br />
Computed Tomography (CT) Scanners<br />
Stationary<br />
Mobile<br />
Magnetic Resonance <strong>Imaging</strong> (MRI) <strong>Equipment</strong><br />
Closed<br />
Open<br />
Nuclear <strong>Imaging</strong> <strong>Equipment</strong><br />
SPECT Scanner<br />
PET Scanner<br />
<strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, by Technology<br />
X-Ray Devices<br />
Analog X-ray Technology<br />
Digital Radiography<br />
Computed Radiography<br />
Ultrasound Systems<br />
2-D<br />
3-D & 4-D<br />
Doppler<br />
High Intensity Frequency Ultrasound (HIFU)<br />
Lithotripsy<br />
Persistence <strong>Market</strong> Research 4
Global <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, 2015 - 2023<br />
Computed Tomography (CT) Scanners<br />
Stationary<br />
Mobile<br />
Magnetic Resonance <strong>Imaging</strong> (MRI) <strong>Equipment</strong><br />
Low-Slice<br />
Medium-Slice<br />
High-Slice<br />
Nuclear <strong>Imaging</strong> <strong>Equipment</strong><br />
SPECT Scanner<br />
PET Scanner<br />
<strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, by Geography<br />
North America<br />
U.S.<br />
Canada<br />
Europe<br />
U.K<br />
Germany<br />
Rest of Europe<br />
Asia Pacific<br />
China<br />
Japan<br />
Rest of Asia Pacific<br />
Latin America<br />
Persistence <strong>Market</strong> Research 5
Global <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, 2015 - 2023<br />
Brazil<br />
Rest of Latin America<br />
Middle East and Africa (MEA)<br />
GCC Countries<br />
Rest of MEA<br />
<strong>Market</strong> Bytes:<br />
Advancements in 3D imaging technology has enabled development in computer-aided detection (CAD)<br />
and increased applications for imaging diagnostic applications. Moreover, rising incidence of several<br />
diseases such as respiratory, orthopedic, and cardiovascular has increased global demand for diagnosis<br />
and diagnostic equipment. The global medical imaging equipment market was valued at US$ 29.4 Bn in<br />
2015 and is projected to reach US$ 45.3 Bn by 2023, expanding at a CAGR of 5.6% during the forecast<br />
period from 2015 to 2023. <strong>Imaging</strong> devices such as magnetic resonance imaging (MRI), computed<br />
tomography (CT or CAT), and ultrasound have allowed further options for treatment guidance essentially<br />
with very low morbidity. This has resulted in highly improved outcomes and quality of life for the patients.<br />
Among all the product types, X-Ray devices, and ultrasound devices collectively accounted for around<br />
50% of the total market share in 2015. Factors such as changing buyer preferences due to rising demand<br />
for bedside monitoring and rise in the number of patients catered via urgent care centers and emergency<br />
medical services have increased demand for technologically-advanced X-ray systems. Digital X-ray<br />
systems have revolutionized X-ray imaging, and thus helped the upsurge of the existing sluggish mature<br />
X-ray imaging equipment segment. Factors such as increasing incidence of diseases diagnosed using<br />
this imaging technique (such as oral diseases and orthopedic conditions) and product enhancement and<br />
upgrade in the form of device portability are likely to drive the market. Moreover, digital X-ray systems are<br />
contributing to the growth of the market in terms of revenue due to surging demand for these products<br />
across the world. Newer and better imaging technologies such as nuclear imaging and computed<br />
tomography (CT) are expected to witness high adoption levels by the end of the forecast period.<br />
In 2015, the global portable X-ray devices market held more than 40% share in X-ray devices market and<br />
is expected to record significant growth during the forecast period. Portable X-ray devices have high<br />
adoption rates, especially in emergency departments and ICUs. The Stationary X-ray equipment is getting<br />
rapidly replaced by mobile and portable X-ray devices triggered by the shift in user preference towards<br />
Persistence <strong>Market</strong> Research 6
Global <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, 2015 - 2023<br />
bedside imaging. Furthermore, the advent of new healthcare trends such as home healthcare is also<br />
slowing down the sale of stationary X-ray equipment. Ultrasound devices are anticipated to witness a<br />
growth of around 7% during the forecast period. Rise in geriatric population will intensify the need for<br />
health care products and services since this segment of the population is more prone to diseases such as<br />
respiratory (tuberculosis and pneumonia), oral, orthopedic (osteoporosis), and cardiovascular diseases.<br />
Early diagnosis of these diseases is crucial for decision making and ensuring proper treatment. These<br />
diseases can be accurately diagnosed with the use of imaging equipment such as X-ray, ultrasound,<br />
magnetic resonance imaging (MRI), and computed tomography (CT).<br />
About Us<br />
Persistence <strong>Market</strong> Research (PMR) is a third-platform research firm. Our research model is a<br />
unique collaboration of data analytics and market research methodology to help businesses<br />
achieve optimal performance.<br />
To support companies in overcoming complex business challenges, we follow a multidisciplinary<br />
approach. At PMR, we unite various data streams from multi-dimensional sources.<br />
By deploying real-time data collection, big data, and customer experience analytics, we deliver<br />
business intelligence for organizations of all sizes.<br />
Contact<br />
Persistence <strong>Market</strong> Research<br />
305 Broadway<br />
7th Floor, New York City,<br />
NY 10007, United States,<br />
USA - Canada Toll Free: 800-961-0353<br />
Email: sales@persistencemarketresearch.com<br />
media@persistencemarketresearch.com<br />
Persistence <strong>Market</strong> Research 7
Global <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong>, 2015 - 2023<br />
Web: http://www.persistencemarketresearch.com<br />
Persistence <strong>Market</strong> Research 8