Diagnostic Imaging Services Market Growth and Forecast 2016-2026
Diagnostic Imaging Services Market: Drivers and Restraints
Increasing geriatric population and prevalence of chronic diseases, rising awareness for early diagnosis of diseases, technological advancement, widening application of diagnostic imaging devices, and increasing funding from government bodies are the factors to fuelling growth of diagnostic imaging services market. However, increased risk of cancer owing to exposure to radiation, high cost of diagnostic procedures, and shortage of helium for magnetic resonance imaging systems are major concerns for the global diagnostic imaging services market.
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Diagnostic Imaging Services Market: Segmentation
The global diagnostic imaging market is segmented based on type of diagnostic imaging and its end use.
Based on diagnostic imaging, the global diagnostic imaging market is segmented into the following:
Computed Tomography (CT)
Magnetic Resonance Imaging (MRI)
Single-Photon Emission Computed Tomography (SPECT)
Position Emission Tomography (PET)
Based on end use, the global diagnostic imaging market is segmented into the following:
Ambulatory Surgical Centers
Diagnostic Imaging Laboratories
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Diagnostic Imaging Services Market: Market Overview
Research study conducted by WHO indicates that diagnostic imaging, especially, X-ray based examinations is crucial in variety of medical settings. Thus, X-ray segment of the global diagnostic imaging market is expected to have highest market share over the forecasted period. Medical and clinical assessment can be done prior to prescribing the treatment, but diagnostic imaging services supports confirmation and correct assessment of disease in calculating responses to particular treatment. Effective and qualitative diagnostic imaging is important for making medical decisions. Thus, improved health care policy and increasing demand for global diagnostic imaging procedures will drive the global diagnostic imaging services market with significant CAGR over the forecasted period.
Diagnostic Imaging Services Market: Region-wise Outlook
Geographically, the global diagnostic imaging services market is classified into seven key regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa (MEA). In the geographical perspective, North America is leading market for global diagnostic imaging services owing to rising prevalence of chronic diseases and injuries, and increase in geriatric population in the region. In addition, APEJ is expected to show high growth rate in global diagnostic imaging services market owing to increasing familiarity among patients about several diagnostic procedures. The key driving forces fuelling growth of diagnostic imaging services market in developing countries like India and China are the large pool of patients, increasing awareness about the disease, improving healthcare infrastructure and rising government funding in the countries.
Diagnostic Imaging Services Market: Key Players
Key companies operational in global diagnostic imaging services market include Siemens Healthcare GmbH, Hitachi, Ltd., Carestream Health, TOSHIBA CORPORATION, Koninklijke Philips N.V., GE Healthcare, Hitachi Medical Corporation, Shimadzu Corporation, Fujifilm Corporation, Esaote SpA, Hologic, Inc. among others.
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