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.
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 life-threatening 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 Research
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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