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North American Diagnostic Imaging Systems Market to Witness Faster Growth in the U.S. - P&S Intelligence

05-22-2019 06:33 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

North American Diagnostic Imaging Systems Market to Witness

The diagnostic imaging systems market in North America is forecasted to generate revenue worth $17.7 billion by 2024, progressing at a CAGR of 5.0% during the forecast period. Rising technological advancements, surging geriatric population, and increasing prevalence of chronic diseases are the key factors driving the market growth, according to P&S Intelligence.

X-ray imaging systems, magnetic resonance imaging (MRI) systems, ultrasound systems, computed tomography (CT) scanners, and nuclear imaging systems are the main products available in the North American diagnostic imaging systems market. Among these, nuclear imaging systems are expected to show fastest growth in the regional market during the forecast period, primarily on account of their ability to identify abnormalities in the progression of a disease at its early stage.

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According to the World Cancer Research Fund International, the U.S. ranks 5th in the world for age-standardized rates for all types of cancer. In 2018, the age-standardized rate in the country was 352.2 per 100,000 people. The high prevalence of cancer is expected to spur the demand for advanced diagnostic imaging systems for the diagnosis of disease in its early stage.

Also, a large number of private imaging centers in the country provide traditional and advanced imaging services such as X-ray, ultrasound, MRI, and CT. According to the U.S. Census Bureau, in 2016, the country had 6,534 diagnostic imaging centers offering various medical imaging services.

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Players operating in the North American diagnostic imaging systems market are launching technologically advanced products; thus, enabling physicians to visualize anatomy prior to surgery. One such advanced product in the market is Azurion with FlexArm, launched by Koninklijke Philips N.V. in January 2019. It is an image-guided therapy platform for patient imaging and flexibility positioning. The product makes it easier for the clinicians to perform imaging in both 2D and 3D formats. It uses illumination to enable clinicians to interact in real time with photorealistic images and visualize patient anatomy in all dimensions.

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The North American diagnostic imaging systems market is marked by the presence of several large players, such as General Electric Company, Koninklijke Philips N.V., Siemens AG, Shimadzu Corporation, Carestream Health Inc., Esaote S.p.A., FUJIFILM Holdings Corporation, Samsung Electronics Co. Ltd., Hologic Inc., Canon Medical Systems Corporation, DEL MEDICAL Inc., Konica Minolta Inc., Dornier MedTech GmbH, Hitachi Ltd., and Karl Storz GmbH & Co. Kg.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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