The Global Medical Imaging Market is growing rapidly and is expected to grow more. Medical imaging techniques are providing accurate diagnosis of disorders and ailments. There has been huge demand for medical imaging in healthcare companies, hospitals, clinics, and laboratories. Numerous benefits offered by medical imaging, is increasing demand of the same highly in the market.
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Medical Imaging has become the core of modern medical diagnostics. The advanced imaging technologies that are available today have certainly improved the efficiency of diagnostic systems to a significant level. In recent years, the number of people undergoing diagnostic procedures has increased substantially with the rise in prevalence of acute and chronic diseases. Consequently, the demand for effective and more accurate diagnostic technologies has also gone up. Factors as such have reflected favorably on the global market for medical imaging. A recent study conducted by Market Research Future (MRFR) claims that over the next four years the market will witness a healthy growth.
Medical imaging will remain a key area of focus for healthcare technology companies. At the same time, the market is likely to witness new entrants who will be looking to wager in with unique and novel imaging solutions. The emphasis that is being placed on the technical aspects medical imaging has led to increased processing speed, integrating 3D and 4D imaging technology and automation among others. Such technological enhancements are favouring the adopting of medical imaging in hospitals and diagnostic centers. Currently, there are multiple medical imaging systems available to show focal and diffuse pathologies in various organs.
Global Medical Imaging Market – Key Players
Major participants of this market are
- Carestream Health, Inc.
- Esaote SpA
- Fonar Corporation
- Fujifilm Holdings Corporation
- GE Healthcare
- Hitachi Medical Corporation
- Hologic, Inc.
- Narang Medical Limited
- Philips Healthcare
- Samsung Medison Co. Ltd
- Shimadzu Corporation
- Siemens Healthcare
- Toshiba Corporation
Global Medical Imaging Market – Segmentation
The Medical Imaging Market has been segmented on the basis of modality which includes ultrasound, computed tomography, x-ray, radiography, MRI, nuclear imaging, tactile imaging, echocardiography, thermography and more. On the basis of end user, market is further segmented into hospital/clinics, diagnostic centers, laboratories, and others.
Global Medical Imaging Market – Regional Analysis
The American region holds the major share of the global medical imaging market, owing to the existing well-established healthcare system, technological advancements, and the geriatric population. Due to the increasing acceptance of advanced imaging equipment multitude of products have been introduced by leading players. For instance, Vantage Galan 3.0T XGO Edition MRI by Canon Medical Systems USA, Inc. received approval from Food and Drug Administration (FDA). The Galan 3T XGO Edition offers the ability to conduct high-quality neuroimaging exams, and higher-resolution images.
Europe holds the second position in the global medical imaging market. It is expected that the government support towards research & development expenditure.
The Asia-Pacific medical imaging market consists of countries namely China, Japan, Republic of Korea, India, Australia and the Rest of Asia-Pacific. The rising prevalence of Cardiovascular Disease (CVD) is propelling the growth of the market. According to a study published in the Circulation Journal in 2017, 80% of CVD deaths take place in low- and middle-income countries.
The Middle East and Africa holds the lowest share of the global market due to low development, lack of technical knowledge, and poor medical facilities.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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