Diagnostic Imaging Market to Grow at a Steady CAGR through 2025

Increasing geriatric population and rising demand for timely diagnosis of fatal diseases to drive global diagnostic imaging market

According to TechSci Research report, “Global Diagnostic Imaging Market By Product Type ( Architecture (Open/Closed), By Field Strength (High and Very-High Field MRI Systems)) By Systems (Ultrasound Systems, Nuclear Imaging Systems, X-Ray Imaging Systems, CT Scanner, MRI System, Mammography System, Fluoroscopy), By Portability (Stationary, Portability), By Application (OB/Gyn, Orthopaedic, Musculosekeletal, Neuro &Spine, General Imaging,  Cardio &Thoracic, Breast health, Others), By End Users (Hospitals, Diagnostic Imaging Centers, Others), By Region, Forecast & Opportunities, 2025,”  the global diagnostic imaging market is anticipated to grow at a steady rate until 2025. Visualization of interior body organs through diagnostic imaging and technological advancements in the medical sector are expected to positively influence the growth of the market. The major factor that can be held responsible for the growth of the market is increasing geriatric population and rising awareness about timely diagnosis of fatal diseases with the assistance of X-rays, ultrasound, MRI, etc.

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The global diagnostic imaging market is segmented on the basis of product type, systems, portability, applications, end users and region. The system segment is further segmented into ultrasound systems, nuclear imaging systems, X-ray imaging systems, CT scanners, MRI systems, mammography systems and fluoroscopy. The largest share was held by X-ray systems in 2019 due to demand for early and accurate diagnosis. However, MRI system is anticipated to grow at the highest rate until 2025 owing to technological advancements and adoption of these systems by healthcare centers.

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Some of the leading players in the global diagnostic imaging market include Roche, Phillips Healthcare, Abbott, Danaher, GE Healthcare, Siemens Healthineers, Canon, ThermoFisher Scientific, Fujifilm, Biomerieux, Sysmex, Ortho Clinical Diagnostics, OBD, Bio Rad, Hologic, Konica Minolta, Grifols, DiaSorin, Varex Imaging, Exact Sciences, etc. In order to expand their market share, companies adopt various strategies like new product launches, collaborations. For instance, GE Healthcare launched many new imaging products such as SIGNA Premier 3.0T MRI system in 2018, CardioGraphe CT Scanner in 2017 and many more over the previous years.

“In terms of regional analysis, North America dominated the market in 2019 which can be attributed to presence of leading players in the region and high annual healthcare expenditure by economies such as United States. Additionally, ongoing trend of preventive diagnostic practices coupled with increasing aging population in the region, is expected to boost the diagnostic imaging market. On the other hand, Asia-Pacific is anticipated to grow at the highest rate during the forecast years due to increasing health awareness pertaining to early diagnosis and increasing number of local healthcare devices manufacturers in countries such as Japan, South Korea.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Diagnostic Imaging Market By Product Type ( Architecture (Open/Closed), By Field Strength (High and Very-High Field MRI Systems)) By Systems (Ultrasound Systems, Nuclear Imaging Systems, X-Ray Imaging Systems, CT Scanner, MRI System, Mammography System, Fluoroscopy), By Portability (Stationary, Portability), By Application (OB/Gyn, Orthopaedic, Musculosekeletal, Neuro &Spine, General Imaging, Cardio &Thoracic, Breast health, Others), By End Users (Hospitals, Diagnostic Imaging Centers, Others), By Region, Forecast & Opportunities, 2025,” has evaluated the future growth potential of global diagnostic imaging market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global diagnostic imaging market.

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