Medical Imaging Market Is Predicted To Grow Swiftly Due To Increasing Demand For Early Stage Diagnosis Of Chronic Disease Till 2025: Grand View Research, Inc.
The global medical imaging market is expected to reach USD
55.7 billion by 2025, according to a new report by Grand View Research, Inc.
Augmenting investment by government and federal organizations for portable
diagnostic devices, and increasing prevalence of numerous chronic as well as
sedentary lifestyle diseases is expected to vitally impact the industry growth.
Funds and initiatives by
government and private players is expected to benefit the market. For instance,
based on the information provided by the Hindustan Times in 2016, the Indian
Government has setup an agency for encouraging domestic manufacturers and
regulated prices of the medical devices.
Along with rise in investments
and funds in developing region, there is also a significant rise in fundings in
the European countries such as the UK where USD 21.0 million was provided by
the government in August 2015 for better development of new therapy,
diagnostics and medical technologies. Such efforts across various countries
worldwide, together, are anticipated to positively drive the market over the
forecast period.
The Diagnostic imaging market is
highly consolidated and is anticipated to witness various new product launches
over the forecast period, which will vitally impact the revenue generation for
the industry. For instance, the adoption of high slice technology in CT
scanners is expected to drive revenue for the industry globally. As of 2016,
high slice system includes 80, 128, 256, 320 and 640 slice system which are
offered only by top vendors such as Toshiba, Siemens Healthineers, Philips and
GE healthcare.
U.S. medical imaging market, by product, 2014 - 2025
(USD Billion)
Browse full research report on Medical Imaging Market: http://www.grandviewresearch.com/industry-analysis/medical-imaging-systems-market
Further key findings from
the report suggest:
- Based on product type, there are five
segments, X-ray, computed tomography, ultrasound, MRI equipment, and
nuclear imaging. The x-ray segment was identified as the largest and is
expected to grow at a CAGR of over 3.0% during the forecast period.
- North America is one of the most
lucrative region for medical imaging market owing to better infrastructure
facilities as compared to emerging regions and high end purchasing power
along coupled with reimbursement framework in the region. U.S is the
dominating region owing to its large population base having insurance
coverage, advancement in technology, aging population coupled with
prevalence of chronic disease.
- Key performing companies include Philips
Healthcare, GE Healthcare, Siemen Healthineers, and Toshiba Medical
Systems. Other players include, Shimadzu Corporation, Varian Medical Systems,
Aribex Corporation, and Ziehm Imaging, Inc.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/medical-imaging-systems
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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