This market research study presents a detailed segmentation of the global 3D medical imaging equipment market by technique (X-ray, ultrasound, MRI, CT Scan, and hybrid imaging), by application (oncology, cardiology, orthopaedics, and other areas), by end-user (diagnostic centers, hospitals, and research centers), and by geography (Americas, APAC, and EMEA). Leading vendors in the market are GE Healthcare, Hitachi Medical, and Philips Healthcare.
Technavio’s market research analysts estimate the global 3D medical imaging equipment market to grow at a CAGR of around 6% between 2016 and 2020. The rise in the demand and implementation of 3D MRI and CT scan imaging systems for various medical applications is the primary driver for the market. The implementation of 3D technologies for disease diagnosis and treatment in growing economies and the development of cost-effective, innovative devices are also expected to have a positive impact on the growth of the market. At present, the Americas dominate the global 3D medical imaging equipment market, accounting for over 57% of the overall market. The increasing pervasiveness of breast cancer and the rise in awareness levels of associated devices and their benefits are some of the factors that will propel the 3D medical imaging equipment market in this region during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the 3D medical imaging equipment segment by application.
“The introduction of portable 3D medical imaging equipment into the market has made it possible to offer better medical outcomes. Automated, versatile, and easy to use, these devices are also cost-effective, thereby lowering the overall cost of medical imaging. The development of a portable 3D/4D ultrasound diagnostic imaging system by the Defence Research and Development Canada (DRDC) is also expected to contribute to the growth of the global 3D medical imaging equipment market over the next four years,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
The oncology segment dominated the global 3D medical imaging equipment market in 2015 by accounting for over 45% of the market share. The rising incidence of cancer across the globe is expected to lead to an increase in the demand and sales of 3D medical imaging equipment in the market. The focus on developing 3D imaging systems that emit limited radiation and provide quality images is expected to boost the oncology segment of the global 3D medical imaging equipment market during the forecast period.
The key vendors in the market include GE Healthcare, Hitachi Medical, and Philips Healthcare. The global 3D medical imaging equipment market is highly fragmented due to of the presence of several well-established vendors. Local vendors in emerging economies focus on developing a single line of products. These products are priced lower than those of global suppliers. Vendors are increasing forming partnerships and collaborating with organizations to increase their revenue and market presence.
A more detailed analysis is available on the Technavio report, Global 3D Medical Imaging Equipment Market 2016-2020.
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