Technological Advancements and Emerging Economies Provide Significant Growth Opportunities for Diagnostic Imaging Market 2025

With upgraded health care policies and increasing availability of medical equipment, there is an increase in number of imaging-based procedures which are effective, safe, and important for medical decision-making and can reduce unnecessary treatments/procedures.

The diagnostic imaging market is driven by increasing investments and funding by government bodies for modernization of imaging facilities, growing number of hospitals and diagnostic imaging centers, rising prevalence of cancer, increasing geriatric population and growing incidence of chronic diseases, and increasing preference for minimally invasive treatments. In addition, emerging countries, growing medical tourism, and development of low-cost & technologically advanced systems offer key growth opportunities for players in this market.

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Diagnostic imaging market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025– by product, application, and end-user. The study also evaluates industry competitors and analyzes the market at regional and country level.

Drivers -

1 Increasing Investments and Funding By Government Bodies for
Modernization of Imaging Facilities
2 Growth in Number of Diagnostic Imaging Centers
3 Rising Prevalence of Cancer
4 Increasing Geriatric Population and Growing Incidence of Chronic Diseases
5 Technological Advancements in Diagnostic Imaging Modalities
6 Increasing Preference for Minimally Invasive Treatments
7 Growing Focus on Preventive Care

Restraints -
1 High Cost of Diagnostic Imaging Systems
2 Unfavorable Healthcare Reforms in the U.S.
3 Shortage of Helium (an essential component of MRI)

Opportunities -
1 High Growth Opportunities in Emerging Countries
2 Development of Low-Cost Imaging Systems
3 Growing Medical Tourism

Challenges -
1 Increasing Adoption of Refurbished Diagnostic Imaging Systems
2 Dearth of Trained Personnel

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Key Findings in the global diagnostic imaging market study:
- X-ray imaging dominates the global diagnostic imaging market, by product
- Hospitals lead the global diagnostic imaging market, by end user
- Asia-Pacific: Fastest Growing Regional Market

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This release was published on openPR.