A research study titled, “Medical Imaging Equipment Market by Product Type and Application - Global Industry Analysis and Forecast To 2025” published by Crystal Market Research, states that the medical imaging equipment market is projected to be around $52 billion by 2025.
Medical Imaging Equipment Market - Report Overview:
In the past few years, medical imaging has prominently modernized the healthcare industry. Medical imaging allows doctors to diagnose diseases at a primary stage and radically better the patient outcomes. Now, innovative medical imaging technologies render considerable benefits to the healthcare providers and the patients as well. Medical imaging assists physicians to understand the complications in the human body better.
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The techniques are entirely painless, non-invasive and majority of these techniques don’t require any special prior preparation. With the introduction of surgical C-arm machines for imaging, complicated surgeries have become highly feasible over the years. Such devices are used in orthopedic, cardiology, and traumatology for intra-operative imaging purposes.
Key factors affecting on Medical Imaging Equipment Market:
Some of the key factors driving the growth of medical imaging equipment market are the growing prevalence of target diseases (such as cardiac disorders and cancers) coupled with increased patient awareness about early diagnosis of diseases, rising incidence of accident related severe injuries, and technological advancements in medical imaging techniques. However, factors such as high cost of medical imaging equipment along with the risk of side effects associated with emitted radiations will restrain the market growth in near future.
The X-ray imaging systems segment occupied major share of the global medical imaging equipment market in 2016 while, mammography systems market is projected to be the fastest-growing segment during the forecast period. On the basis of application, the cardiovascular and thoracic segment dominated the overall market in 2016 owing to the development of ultrasound systems for the evaluation of cardiac diseases at point-of-care.
Regional Outlook for Medical Imaging Equipment Market:
Asia-Pacific dominated the global medical imaging equipment market in 2016, due to rising demand for advanced health care services along with increasing disposable income of the people. Japan and China were the major contributors to the growth of the Asia-Pacific medical imaging equipment market. Asia-Pacific occupied one-third share of the global medical imaging equipment market in 2016.
Medical Imaging Equipment Market - Top Major Market Players:
Some of the key players operating in this market are FUJIFILM Holdings Corporation, General Electric Company, Siemens AG, Koninklijke Philips N.V., Shimadzu Corporation, Toshiba Medical Systems Corporation (acquired by Canon Inc.), Carestream Health, Inc., , Samsung Medison Co., Ltd., Hitachi, Ltd.,Hologic, Inc., EsaoteSpA, Samsung Electronics Co., Ltd., and Mindray Medical International Limited.
Key Findings of the Research Study:
X-ray imaging systems segment occupied one-fourth share of the global medical imaging equipment market in 2016 and will continue to dominate the market during the forecast period. Cardiovascular and thoracic segment occupied major share of the overall market in 2016.
Mammography systems segment is projected to grow at a high single digit CAGR during the forecast period primarily due to digitalization of these systems.
Japan and China jointly occupied for almost half of the Asia-Pacific medical imaging equipment market in 2016.
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Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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