This industry research report presents a detailed segmentation of the global medical imaging market by equipment type (MRI, CT scanners, general X-rays, SPECT/PET, and ultrasound). It also outlines the market shares for key regions like the Americas, APAC, and EMEA. Key vendors analyzed in this market study are Siemens, GE, Philips, Toshiba, and Carestream.
Technavio’s market research analysts estimate the global medical imaging market to grow at a CAGR of around 5% between 2016 and 2020. The growing focus on R&D to provide high-quality imaging for better diagnosis and treatment of diseases is a critical factor that drives the global demand for medical imaging devices during the forecast period. APAC is the fastest-growing region in the medical imaging market. The introduction of government initiatives that focuses on the improvement of healthcare infrastructure in developing economies is a significant factor that results in this region’s growth.
The new market research report from Technavio provides a breakdown and analysis of the medical imaging segments by technology.
“Being the foundation of diagnosis, medical imaging is witnessing huge popularity in the treatment of several medical conditions. Tele imaging is one of the latest trends in the medical imaging market, which enables physicians to perform and interpret medical images in remote areas through sharing videos and images by internet. This technology allows real-time tele-radiology expertise where the physicians can interact with patients without their physical presence,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
The general X-ray imaging segment currently dominates the market, occupying 40% of the total market share. Factors such as increased regulatory approvals of imaging systems, the advent of improved and rapid imaging technologies, and the growing focus on early diagnosis and treatment will lead to growth in this market segment during the forecast period
The leading vendors in the global medical imaging market include Siemens, GE, Philips, Toshiba, and Carestream. This market is highly competitive due to the presence of many multinational companies that consistently focus on R&D to bring about product innovations. The major players in this market are focusing on value segments and advanced products that can provide high-quality imaging at a faster diagnosis time. This growing focus on value segments will help vendors to bolster product sales during the forecast period.
A more detailed analysis is available in the Technavio report, Global Medical Imaging Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Portable Ultrasound Market 2015-2019
- Digital X-ray System Market in the US 2015-2019
- Global Mammography Equipment Market 2015-2019
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