Non-Destructive Medical Technologies Market 2018; Concerns over the Rising Healthcare Costs Propel the Market to a High CAGR of ~ 10.8 % - Forecasts Till 2023

Market Research Future has a half cooked research report on the global non-destructive medical technologies market. The global non-destructive medical technologies market is expected to grow at a CAGR of ~ 10.8 % during the forecast period 2017-2023.

Market Highlights:

Emergence of next-generation non-destructive technologies including X-ray computed tomography, and phased array ultrasonic are expected to replace the traditional technologies, which will offer prominent opportunities for the development of non-destructive technologies market growth during 2017-2023.

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Increasing prevalence of cancer, rising need for better diagnostic treatment, increasing investment of biotechnology and pharmaceutical industries in R&D, and availability of funds drives the growth of the market. The global non-destructive medical technologies market is expected to grow at a CAGR of ~ 10.8 % during the forecast period 2017-2023. 

Key Players:

Some of key the players in the market are Eberlin Lab (US), Carestream Health (US), General Electric Company (US), Olympus Corporation (Japan), Element Materials Technology (US), Fischer Technology Inc. (US),Magnaflux Corporation (US),  Sonotron NDT (Israel), Zetec Inc. (US), Sonatest Ltd. (UK), and Eddyfi NDT Inc. (Canada).

Market Scenario:

Increasing prevalence of cancer, increasing investment of biotechnology and pharmaceutical industries in R&D, and rising need for the better diagnostic methods drives the growth of the market. There are more than 100 types of cancer, which has affected human. According to cancer research the UK in 2012, 14.1 million of new cancer cases was registered globally, which is increasing continuously. According to WHO, breast cancer is the second most common type of cancer in women. Every year 200,000 new cases are diagnosed worldwide. Prevalence of breast cancer is more common in developed countries compare with developing countries. Furthermore, rapid development in technology, increasing government support for research & development, changing lifestyle, and many adverse effects of the present diagnostic methods expected to fuel the market growth during the forecast period.

Segmentation:

The global non-destructive medical technologies market has been segmented on the basis of methods, application, products, and end user.

On the basis of methods, the market is segmented into echocardiography, medical ultrasonography, liquid penetrant, phased array ultrasonic testing, and digital radiography.

On the basis of equipment, the market is segmented into ultrasonic equipment, X-ray equipment, infra-red devices, and mass spectrometer.

On the basis of application, the market is segmented into diagnosis, and treatment.

On the basis of end user, the market is segmented into pharmaceutical & biotechnological companies, forensic laboratories, research organizations, and others. 

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Intended Audience:

Pharmaceutical Companies
Medical Devices Companies
Research and Development (R&D) Companies
Biotechnological Companies
Government Research Institute
Academic Institutes and Universities
Regional Analysis:

The Americas dominates the global non-destructive medical technologies market owing to well-developed technology, increasing prevalence of cancer, high healthcare spending, and increasing government support for research & development. Furthermore, increasing R&D activities and the presence of major companies have fuelled the growth of the market in this region.

Europe holds the second position in the global non-destructive medical technologies market, which is followed by Asia Pacific. It is expected that the government support for research & development and availability of funds for research will drive the market in Europe region. Asia Pacific is the fastest growing non-destructive medical technologies market owing to the presence of rapidly developing healthcare technology, huge patient population and high healthcare expenditure.

On the other hand, the Middle East & Africa holds the least share of the market due to limited availability of medical facilities, less availability of funds, and poor political conditions in Africa.

Major Table of Contents for Non-Destructive Medical Technologies Market Research Report - Global Forecast till 2023:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

TOC Continued……!

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