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Vascular Imaging Systems Market Size Share, Emerging Technological Advancement, Innovation, Industry Trends, and Forecast to 2023

07-25-2019 08:47 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Vascular Imaging Systems Market Size Share, Emerging

According to the study, the global vascular imaging systems market is likely to grow significantly, during the forecast period, due to increasing healthcare expenditure, increasing prevalence of cancer and cardiovascular diseases and rising awareness about imaging techniques due to various conferences and seminars. In addition, growing geriatric population and launch of technologically advanced products contribute to the growth of the market. High cost, stringent regulatory requirements, shortage of helium for magnetic resonance imaging and increasing risk of cancer due to exposure to radiations are the key factors restraining the global market growth.

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As per the findings of research, based on product, the CT imaging system is the most preferred vascular imaging system, globally. Based on application, cardiology holds the maximum share of the global market. Hospitals have been the largest end users of the global vascular imaging systems market.

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The factors driving the growth of the market include increasing prevalence of cardiovascular diseases and cancer and aging population. According to the International Agency for Research on Cancer (IARC), a specialized cancer agency of World Health Organization (WHO) that promotes cancer research, in 2008, 12.7 million new patients were detected with cancer globally, and the number is expected to reach 21.4 million by 2030. In addition, according to WHO, 8.2 million deaths took place in 2012, globally, due to cancer, out of which 1.6 million deaths were due to lung cancer, while the reason for 745,000 deaths was liver cancer and 400,000 deaths occurred due to esophageal cancer.

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Some of the key players in the global market include Siemens AG, General Electric Company, Hitachi Ltd., and Koninklijke Philips N.V., Carestream Health, Inc., Hologic, Inc., Esaote S.P.A, Shimazdu Corporation, Canon Inc., Orthoscan, Inc., and Fujifilm Corporation.

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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