Diagnostic Imaging Market

1. Diagnostic Imaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global diagnostic imaging market size is anticipated to expand at 6.1% CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing use of advanced medical imaging technology, increasing prevalence of chronic diseases, and rising geriatric population. Diagnostic imaging is well-known across the globe, due to a large number of devices such as X-ray, MRI, CT scan, and other devices used for viewing various structures within the body and determine the presence of tumor in case of cancer. In the fields of orthopedics, cancer, dentistry, and other key areas of medicine, diagnostic imaging technologies have various advantages. These devices keep track of the progress of the disease, assisting the healthcare clinician in determining the best course of action. The global burden of chronic diseases is increasing and medical imaging technologies are necessary for accurate chronic disease detection. New therapeutic and diagnostic technologies are being developed that deliver exact results, aid in early disease identification, and reduce the cost of treating these diseases. The global market has been affected by the Covid-19 outbreak. Fall in the number of patient visits to hospitals around the world harmed several segments of the diagnostic imaging market. Market Trends, Drivers, Restraints, and Opportunities Increasing technology advances in diagnostic imaging equipment are anticipated to propel the market in the coming years. Increasing adoption of modern AI-enabled diagnostic equipment for speedy diagnosis and predictive analysis in developed countries contribute to the growth of the market. Rising demand for early-stage diagnosis of chronic diseases and growing geriatric population are projected to boost the market during the forecast period.

2. Increasing chronic disorders such as cardiovascular diseases, cancer, and diabetes are becoming more common, which are anticipated to fuel the market in the coming years. Restraints Continuous product recalls in imaging equipment is expected to restrict the market growth during the forecast period. Sample -https://growthmarketreports.com/request-sample/1160 Market Segment Insights Based on product types, the market is divided into MRI, computed tomography, ultrasound, x-ray, nuclear imaging, fluoroscopy, and mammography. In 2019, the X-ray equipment segment dominated the diagnostic imaging market. Rising usage of interventional x-ray equipment, such as C-arms and others for image-guided surgeries is expected to drive the growth of this segment. C-arm advancements such as tiny c-arms based on digital radiography and flat-panel detectors aid in increasing the global demand for x-ray equipment. The ultrasound equipment segment is expected to rise at a significant CAGR throughout the forecast period, due to increased demand for modern equipment from healthcare settings around the world. New ergonomic models with clinical dominance, such as portable ultrasonography, are brought into the market. In terms of applications, the global diagnostic imaging market is segregated into neurology, gynecology, cardiology, oncology, gastroenterology, orthopedics, and other applications. The oncology imaging segment is anticipated to dominate the market during the forecast period, due to rising cancer prevalence around the world, as well as increasing focus on early cancer detection and diagnosis. Based on end-users, the market is segmented into diagnostic imaging centers, specialty clinics, hospitals, and others. The diagnostic imaging centers segment is projected to represent a key share of the market during the forecast period, as the number of diagnostic imaging centers is increasing in both industrialized and developing countries. On the basis of regions, the global diagnostic imaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America holds a significant proportion of the diagnostic imaging market and the market is expected to grow at a significant CAGR during the forecast period, due to rising technical advancements, high population affordability, and an annual increase in the number of diagnostic treatments. The market in Asia Pacific is predicted to develop at a rapid CAGR during the forecast period, due to increased prevalence of chronic diseases and the need for improved diagnostic equipment. Furthermore, in Asia Pacific, a large and aging installed base of imaging equipment provides a lucrative opportunity for market players. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1160 Competitive Landscape

3. The market is fragmented, due to the presence of multiple participants in the industry. Some of the primary factors attributed to the global growth of the market include a diversified portfolio of medical imaging equipment and a strong and widespread global distribution network. Some of the key players in the market are Koninklijke Philips N.V., GE Healthcare, Hologic Corporation, Mindray Medical International Limited, Siemen Healthineers, and Hitachi Medical Systems. Market players are concentrating their efforts on R&D to develop technologically enhanced products with low costs and negative effects. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter