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North America Diagnostic Imaging Systems Upcoming Future Growth and Opportunities with Dazzling Key players | P&S Intelligence
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On the basis of application, the diagnostic imaging systems market in North America is categorized into cardiology, neurology, oncology, dentistry, urology, orthopedics, ophthalmology, obstetrics/gynecology, and others. Among these, oncology, cardiology, and neurology held the largest, second-largest, and third-largest shares, respectively, during the historical period (2014-2018). Even during the forecast period, these will be the top three categories of the market in terms of the revenue share as well as CAGR.
This is ascribed to the rising prevalence of chronic diseases, a large number of which come under these specialties. Cardiovascular diseases, chronic obstructive pulmonary disease, cancer, and type 2 diabetes are the most common among such conditions. According to the Centers for Disease Control and Prevention, almost 60.0% of the total people in the U.S. have at least once chronic condition. Further, 1.7 million new cancer cases are diagnosed in the country each year, and 600,000 die from it annually.
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Seeing the rising demand for such systems, market players have significantly upped the number of product launches. For instance, Koninklijke Philips N.V. introduced the FlexArm technology in its Azurion image-guided therapy platform in January 2019. Using it, doctors can view 2D as well as 3D images of the entire human body. Similarly, in March 2018, Samsung Electronics Co. Ltd. too unveiled enhanced devices, including digital radiography and ultrasound systems, along with related software.
Therefore, as chronic diseases become more prevalent and people aware in the continent, the market for diagnostic imaging systems will grow further.
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