DUBLIN--(BUSINESS WIRE)--The "BRIC Diagnostic Imaging Equipment Market by Modality ((X-Ray Imaging (Digital, Analog), MRI (High & Low Field), CT (Conventional, CBCT), Nuclear Imaging (SPECT, Hybrid PET)), End User (Hospitals, Imaging Centers)" report has been added to ResearchAndMarkets.com's offering.
The BRIC diagnostic imaging equipment market is projected to reach USD 8.3 billion by 2024 from USD 5.3 billion in 2019.
Diagnostic imaging is the use of electromagnetic radiation in combination with other technologies by employing diagnostic imaging devices, to produce images of internal human body structures in order to diagnose accurately. The major factors driving the growth of the BRIC diagnostic imaging equipment market include the rising burden of target diseases and increasing investments, funds, and grants for the modernization of imaging facilities.
The MRI systems segment accounted for the largest share of the BRIC diagnostic imaging equipment market in 2018.
On the basis of modality, the BRIC diagnostic imaging equipment market is segmented into MRI systems, ultrasound systems, CT scanners, X-ray imaging systems, nuclear imaging systems, and mammography systems. In 2018, the MRI systems segment accounted for the largest share of this market.
Advances in technology such as superconducting (SC) magnets, open architecture, high-field MRI, and software applications; growing awareness about the benefits of early diagnosis; and rising healthcare expenditure in emerging BRIC countries fueled the adoption of MRI systems. On the other hand, high costs of MRI scanners, hospital budget cuts, and incompatibility of MRI machines for imaging in some patients may hinder the growth momentum of this market.
The mammography systems segment to register the highest growth in the BRIC diagnostic imaging equipment market during the forecast period.
The mammography systems segment is projected to grow at the highest CAGR during the forecast period. The growing demand for minimally invasive diagnostic imaging procedures; increasing funding from governments, key players, and private organizations; and increasing awareness among women regarding the benefits of early diagnosis of breast cancer are driving the growth of this market.
China is anticipated to register significant growth over the forecast period of 2019-2024.
The BRIC diagnostic imaging equipment market is segmented into four major countries, namely, Brazil, Russia, India, and China. China is expected to grow at the highest CAGR during the forecast period. The increasing burden of target diseases and growing preference for advanced diagnostic techniques among healthcare professionals in the country are the key contributing factors for the growth of this market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 BRIC Diagnostic Imaging: Market Overview
4.2 Geographic Analysis: BRIC Diagnostic Imaging Equipment Market Share, By Modality and Country, 2019
4.3 BRIC Diagnostic Imaging Equipment Market, By End User, 2019 vs 2024 (USD Million)
4.4 Geographic Snapshot of the BRIC Diagnostic Imaging Equipment Market
5 Market Overview
5.2 Market Dynamics
22.214.171.124 Growing Burden of Cancer
126.96.36.199 Rising Awareness on Early Disease Detection
188.8.131.52 Funding & Investments for the Modernization of Healthcare Facilities
184.108.40.206 Technological Advancements in Diagnostic Imaging Modalities
220.127.116.11 Expanding Applications of Diagnostic Imaging Equipment
18.104.22.168 High Product Costs
22.214.171.124 Insufficient Helium Supply
126.96.36.199 Adoption of AI and Analytics in Diagnostic Imaging
188.8.131.52 Contract-Based Radiology Solutions and Mobile Solutions
184.108.40.206 Increasing Adoption of Refurbished Diagnostic Imaging Systems
220.127.116.11 Technological Limitations of Standalone Systems
5.2.5 Pricing Analysis, 2018 (USD)
6 BRIC Diagnostic Imaging Equipment Market, By Modality
6.2 Magnetic Resonance Imaging (MRI) Systems
6.2.1 MRI Systems Market, By Architecture
18.104.22.168 Closed MRI Systems
22.214.171.124 Open MRI Systems
6.2.2 MRI Systems Market, By Field Strength
126.96.36.199 High- and Very-High-Field MRI Systems (1.5t to 6t)
188.8.131.52 Low-To-Mid-Field MRI Systems (<1.5t)
184.108.40.206 Ultra-High-Field MRI Systems (7.0t and Above)
6.3 Ultrasound Imaging Systems
6.3.1 Ultrasound Imaging Systems Market, By Technology
220.127.116.11 2D Ultrasound Imaging Systems
18.104.22.168 3D & 4D Imaging Systems
22.214.171.124 Doppler Imaging
6.4 Computed Tomography (CT) Scanners
6.4.1 CT Scanners Market, By Type
126.96.36.199 Conventional CT Scanners
188.8.131.52.2 Mid-Slice CT Scanners
184.108.40.206.3 Low-Slice CT Scanners
220.127.116.11.3.1 Low-Slice CT Scanners Provide an Economic Advantage to Healthcare Providers
18.104.22.168 Cone Beam CT Scanners
22.214.171.124.1 High-Cost Associated With CBCT Scanners is Hampering the Growth of This Market
6.5 X-Ray Imaging Systems
6.5.1 X-Ray Imaging Systems Market, By Technology
126.96.36.199 Digital X-Ray Imaging
188.8.131.52.1 Direct Radiography Systems
184.108.40.206.2 Computed Radiography (CR)
220.127.116.11 Analog X-Ray Imaging
18.104.22.168.1 Higher Risk of Radiation Exposure and Technological Limitations is Hampering the Growth of This Market
6.5.2 X-Ray Imaging Systems Market, By Portability
22.214.171.124 Stationary X-Ray Imaging Systems
126.96.36.199 Portable X-Ray Imaging Systems
6.6 Nuclear Imaging Systems
6.6.1 SPECT Systems
188.8.131.52 Hybrid SPECT Systems
184.108.40.206 Standalone SPECT Systems
220.127.116.11.1 Low Cost, Technological Advancements, and Long Radiotracer Half-Life have All Contributed to Market Growth
6.6.2 Hybrid PET Systems
18.104.22.168 High Cost of Hybrid PET Systems is Hampering Its Adoption in Small and Medium-Sized Hospitals
6.7 Mammography Systems
6.7.1 Mammography Systems Segment to Register the Highest Growth in the BRIC Diagnostic Imaging Equipment Market During the Forecast Period
7 BRIC Diagnostic Imaging Equipment Market, By End User
7.2.1 Hospitals are the Largest End-User Segment in the Diagnostic Imaging Market in BRIC
7.3 Diagnostic Imaging Centers
7.3.1 Rising Prevalence of Diseases and Growing Awareness have Driven the Importance of Diagnostic Imaging Centers
7.4 Other End Users
8 BRIC Diagnostic Imaging Equipment Market, By Country
8.2.1 China's Rapidly Growing Population and Disease Incidence have Driven the Demand for Diagnostic Imaging
8.3.1 India Accounts for the Second-Largest Share of the BRIC Market
8.4.1 Brazil's Universal Healthcare System has Played A Pivotal Role in Driving the Use of Advanced Diagnostics
8.5.1 Complex Regulatory Scenario has Limited Market Growth in Russia
9 Competitive Landscape
9.2 Market Ranking, By Players (2018)
9.3 Competitive Situation and Trends
9.4 Competitive Leadership Mapping
9.5 Vendor Inclusion Criteria
9.6 Vendor Dive
10 Company Profiles
10.3 Carestream Health
10.4 CURA Healthcare
10.6 GE Healthcare (General Electric Company)
10.7 Hitachi Ltd.
10.8 Hologic, Inc.
10.9 Koninklijke Philips N.V.
10.10 Neusoft Corporation
10.11 NP JSC Amico
10.12 Siemens Healthineers (Subsidiary of Siemens Group)
10.13 Shimadzu Corporation
10.14 SONTU Medical Imaging Equipment Co, Ltd
10.15 United Imaging Healthcare Co, Ltd.
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