Increasing awareness regarding chronic health disorders among population to drive United States diagnostic imaging market
According to TechSci Research report, “United States Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By Mobility (Portable v/s Standalone), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Region, Forecast & Opportunities, 2025”, the United States diagnostic imaging market is expected to grow at a robust rate during the forecast period on account of the growing prevalence of chronic diseases in the country. This can be ascribed to the sedentary lifestyle and improper dietary habits amongst the population. Additionally, the country bears the largest burden of chronic diseases such as diabetes, cancer, cardiovascular diseases, among others compared to other nations across the world. Also, the U.S. records highest obesity rates amongst its middle-aged population. All these factors are expected to positively influence the market growth through 2025. Additionally, there is a widespread use of diagnostic imaging modalities for training & teaching purposes, R&D activities, among others, which is expected to create lucrative opportunities for the market growth. Furthermore, technological advancements and new product launches by the major players operating in the market is expected to fuel the market growth over the next few years. Also, increasing investments on the development of mobile diagnostic imaging solutions is further expected to spur the market growth during the forecast period. However, stringent regulatory norms of FDA and other regulatory bodies pertaining to the development and use of diagnostic imaging procedures might hamper the market growth until 2025. Besides, radiation exposure concerns both to the patient and environment might further restrict the market growth.
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The United States diagnostic imaging market is segmented based on type, mobility, application, end users, company and region. Based on type, the market can be fragmented into X-Ray imaging solutions, ultrasound systems, MRI systems, CT scanners, nuclear imaging solutions, mammography and others. Among these, the nuclear imaging solutions is expected to register the highest growth during the forecast period on account of the sudden outbreak and spread of pandemic COVID-19 across the globe, with US being badly impacted by the outbreak. The nuclear imaging solutions help in identifying vulnerability of the disease among different age groups of the population owing to which an easy comparison can be made. Also, it aids in finding out the response of patient’s body towards a particular treatment or drug. Based on application, the market can be categorized into cardiology, oncology, neurology, orthopedics, gastroenterology, gynecology and others. Out of these, the cardiology segment is expected to dominate the market owing to the growing prevalence of cardiovascular diseases in the country. Statistics illustrate that around 46% of the total adult population suffers from hypertension and cardiovascular diseases are the leading cause of deaths in the United States. The oncology segment is expected to be the second largest or second most dominating segment after cardiology. This can be ascribed to the increasing number of new cancer cases and deaths from it in the country. Furthermore, extensive use of chemotherapy and radiation therapy for proper diagnosis and treatment is further expected to drive the segmental growth. Regionally, the market can be classified into North-East, Mid-West, West and South. Here, the South region is expected to dominate the market owing to the large network of diagnostic imaging centers in the region.
Hologic, Inc., GE Healthcare Inc, Siemens Healthcare Diagnostics Inc., Carestream Health, Inc., CurveBeam LLC, Aurora Imaging Technology, Inc., Fonar Corporation, BK Medical Systems Inc, Hitachi America Ltd., Fujifilm Medical Systems USA Inc. and others are some of the leading players operating in United States diagnostic imaging market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“The United States diagnostic imaging market is expected to witness significant until 2025 owing to the increasing health consciousness among the population. Additionally, presence of well-established network of hospitals and diagnostic imaging centers is further expected to fuel the market growth through 2025. Furthermore, growing adoption of teleradiology, teleconsultation and telemedicine is further expected to create lucrative opportunities for the market growth over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By Mobility (Portable v/s Standalone), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Region, Forecast & Opportunities, 2025,” has evaluated the future growth potential of United States diagnostic imaging market and provides statistics & information on market size, 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 United States diagnostic imaging market.
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