Global Market Study on Medical Imaging Equipment: North America and APAC to Continue Dominating with a Collective Market Share of Over 60% across the Forecast Period

In order to study the various trends and patterns prevailing in the overall market for Study on Medical Imaging Equipment, Market Research Reports Search Engine (MRRSE) has included a new report titled “Medical Imaging Equipment Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global medical imaging equipment market is fairly consolidated with leading players GE Healthcare, Philips Healthcare, Siemens Healthcare, and CareStream Health, Inc. accounting for over 51% in 2014. The market is competitive and in coming years there may be a possibility of compounded price wars, states in new report.

the global medical imaging equipment market will be worth US$45.30 bn by 2022. The x-ray devices market, on the basis of product, is anticipated to lead and be worth US$12.34 bn by 2023. The market medical imaging equipment is estimated to be lucrative in North America in the years to come and be worth US$13.50 bn by 2023, on account of supportive healthcare regulations from government, growing healthcare infrastructure, and higher adoption of advanced medical imaging devices. Also, investing in developing economies such as Brazil, India, and Russia will prove to be profitable for market players as these nations have a huge population and there are unmet medical needs.

Improvements in Terms of Accuracy Driving Demand for Medical Imaging Equipment

The increasing number of imaging modalities that are improving in terms of accuracy on account of 3D visualization is boosting the demand of medical imaging devices. 3D medical imaging is extensively being used for the detection of breast cancer, which is witnessing a staggering rise in recent times. These devices are helping oncologists to understand the intensity of the disease and will continue to be in high demand. The growing incidences of oral, cardiovascular, respiratory, and orthopedic diseases will boost the demand for diagnostic devices in recent times. Moreover, increasing prevalence of chronic diseases is also creating a huge demand for imaging modalities such as MRI and CT scanners across hospitals.

High Cost of CT Scans and MRIs to Deter Adoption and Act as Challenge for Medical Imaging Equipment Market

The reduction in healthcare budgets across the U.S. especially is disrupting the dynamics of the medical imaging equipment market overall. The growing awareness among doctors as well as the patients about the health hazards of the radiations from these devices will also pose a challenge for the growth of the market. “Reluctance of patients in cost sensitive nations of the world to go through CT scans and MRIs on account of their high cost will also restrain the market’s growth

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The report also profiles major players in the medical imaging equipment market son the basis of various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Some of the major players profiled in this report include Philips Healthcare, GE Healthcare, Siemens Healthcare, Hologic, Inc¸ Shimadzu Corporation, Samsung Medison Co. Ltd., Hitachi Medical Corporation, Genesis Medical Imaging, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Fonar Corporation, and Toshiba America Medical Systems, Inc.

The global medical imaging equipment market is segmented into the following categories:

Medical Imaging Equipment Market, by Product
X-Ray Devices
Stationary
Portable
Ultrasound Systems
Cart/Trolley Based Ultrasound System
Compact/Portable Ultrasound System
Computed Tomography (CT) Scanners
Stationary
Mobile
Magnetic Resonance Imaging (MRI) Equipment
Closed
Open
Nuclear Imaging Equipment
SPECT Scanner
PET Scanner
Medical Imaging Equipment Market, by Technology
X-Ray Devices
Analog X-ray Technology
Digital Radiography
Computed Radiography
Ultrasound Systems
2-D
3-D & 4-D
Doppler
High Intensity Frequency Ultrasound (HIFU)
Lithotripsy
Computed Tomography (CT) Scanners
Stationary
Mobile
Magnetic Resonance Imaging (MRI) Equipment
Low-Slice
Medium-Slice
High-Slice
Nuclear Imaging Equipment
SPECT Scanner
PET Scanner

Medical Imaging Equipment Market, by Geography

North America
U.S.
Canada
Europe
U.K
Germany
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific

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