DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3tpjk3/diagnostic) has announced the addition of the "Diagnostic Imaging Technologies Global Market - Forecast to 2020" report to their offering.
The global diagnostic imaging market is expected to reach approximately $27.1 billion with a CAGR of 4.7% in coming five years.
Diagnostic imaging is being identified as one of the fastest growing market of all healthcare sectors. Advances in diagnostic imaging technology have redefined how physicians diagnose and treat some of the most life threatening diseases such as cancer and heart disease and they have nearly eliminated the need for exploratory surgery. Imaging techniques would be therefore able us to diagnose, treat and cure patients without causing any harmful side effects. The different diagnostic imaging modalities include X-ray systems, Computed Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI) systems, Ultrasound systems and Nuclear imaging systems.
Globally among the diagnostic imaging techniques, X-ray is the most frequently used imaging procedure with more than 100 million X-ray exams per year followed by MRI, PET, SPECT, CT and nuclear medicine. This indicates that diagnostic imaging market contributes to its highest share among all imaging techniques.
There are many factors involved in driving the growth of the diagnostic imaging market such as emerging applications in diagnostic procedures, high prevalence of the diseases, ongoing research activities all over the world and most important thing, awareness in people about the use of early disease diagnosis. On the other hand the high cost of the diagnostic imaging systems, risk of the radiation exposure, shortage of helium for MRI systems, poor healthcare insurance coverage, particularly for the diagnostic procedures are restricting the market growth.
North America holds the largest share in the global diagnostic imaging market, followed by Europe. However, the Asia-Pacific market is expected to grow at the fastest CAGR in the coming five years. The Asian and Latin American countries represent the fastest growing markets due to increasing government support for research and rising industry and academic partnerships for pre-clinical research. But still the factors like economic slowdown, pricing pressures may compel the companies to focus on Asian markets.
The top key market players in the global diagnostic imaging market are GE Healthcare, Philips Healthcare, Siemens Healthcare, Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Carestream Health, Inc., Esaote S.P.A, Hologic, Inc., Samsung Medison and Shimadzu Corporation. Among them GE Healthcare (U.K.) held the leadership position in the global market by launching many new products into the market.
Key Topics Covered:
1 Executive Summary
3 Market Analysis
4 Diagnostic Imaging Technologies Global Market, By Products
5 Global Diagnostic Imaging Market, Technology Outlook
6 Diagnostic Imaging Technologies Global Market, Applications Outlook
7 Diagnostic Imaging Technologies Global Market, By End-Users
8 Regional Market Analysis
9 Company Developments
10 Major Player Profiles
- Carestream Health, Inc.
- Esaote S.P.A
- GE Healthcare
- Hitachi Medical Corporation
- Hologic, Inc
- Philips Healthcare
- Samsung Medison
- Shimadzu Corporation
- Siemens Healthcare
- Toshiba Medical Systems Corporation
For more information visit http://www.researchandmarkets.com/research/3tpjk3/diagnostic