Sunday, 30 November 2014

Global Diagnostic Imaging Market 2020 - Worldwide Industry Analysis, Size, Share, Growth, Trends and Forecast

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Diagnostic imaging market is estimated to grow at a steady CAGR of more than 5% from 2014 to 2020 to reach a market size of more than $35 billion by the end of 2020. Some of the major factors such as increasing applications of diagnostic procedures, growing awareness about early disease diagnosis among people in the emerging markets, high incidence/prevalence of diseases such as cancer, cardiovascular and neurological disorders, favorable investments in emerging markets, and the increasing research activities across the globe are boosting the market growth. However, the high cost of diagnostic imaging systems, risk of radiation exposure, and meager healthcare insurance coverage for diagnostic procedures, shortage of helium for MRI systems, and saturated markets are hindering the market growth.

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In this report the diagnostic imaging technologies market is segmented by various modalities such as Computed Tomography (CT) scanners, Nuclear Imaging (NI) equipment, Magnetic Resonance Imaging (MRI) systems, Ultrasound scanners and X-ray devices. X-ray devices segment commanded the largest share in 2013 and is expected to grow strong from 2014 to 2020. Among the diagnostic imaging techniques, X-ray is the most widely used modality with more than 100 million X-ray exams per year followed by MRI, PET, SPECT, CT and nuclear medicine. However the CT scan systems market is expected to register the highest CAGR during the forecast period. The growth is mainly attributed to rising geriatric global population base, increasing incidence rates of target diseases such as cardiovascular diseases, cancer, tuberculosis and oral diseases.

Depending on the applications the market is segmented into oncology, cardiovascular diseases, abdominal imaging, neurological disorders, lung disorders, orthopedic disorders and others. Cardiovascular diseases segment commanded the largest share in 2013. However, oncology is expected to register the highest CAGR from 2014 to 2020.

North America holds the largest share in the global diagnostic imaging market, followed by Europe. However, the Asia-Pacific market is expected to grow at the fastest CAGR in the coming five years. The emerging economies such as Asia and LATAM represent the fastest growing markets driven by favorable research funding by governments and rising industry and academic partnerships for pre-clinical research.

The major players in the global diagnostic imaging market include Analogic Corporation (U.S.), GE Healthcare (U.K), Philips Healthcare (Netherland), Siemens Healthcare (U.S.), Toshiba Medical Systems Corporation (Japan), Hitachi Medical Corporation (Japan), Carestream Health, Inc. (U.S.), Hologic, Inc. (U.S.), Samsung Medison (South Korea) and Shimadzu Corporation (Japan).

The global diagnostic imaging market report evaluated detailed information about the market trends of diverse segmentation. Further market dynamics, along with challenges, and opportunities are described.

This report provides an in-depth market assessment across the below listed segments:

1. Global Diagnostic Imaging Technologies Market by Products
X-ray devices
Stationary devices
Mobile devices
Handheld devices
Portable devices
Computed Tomography (CT) scanners
Stationary CT
Portable CT
Nuclear Imaging (NI) systems
Single Photon-Emission Computed Tomography (SPECT)
Positron Emission Tomography (PET)
Hybrid SPECT
Hybrid PET
Magnetic Resonance Imaging (MRI) systems
Open Systems
Close Systems
Standup/ Sitting Systems
Ultrasound scanners
Trolley/ Cart based scanners
Compact/ Portable scanners

2. Global Diagnostic Imaging Technologies Market by Applications
Cardiovascular diseases
Abdominal imaging
Neurological disorders
Orthopedic disorders
Lungs disorder

3. Global Diagnostic Imaging Technologies Market by Geography
North America
Rest of World (LATAM, MINA and others)

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