The demand within the global market for medical imaging has been rising on account of advancements in the field of medicine and healthcare. The cumulative impact of these two industries has been commendable, and has helped in finding cures and treatment mechanisms for a variety of diseases. Medical imaging is one such imaging technology that has played a major role in enhancing the performance of the medical and healthcare industries. Medical imaging helps doctors and medical practitioners in getting a better idea about the internal functioning of human organs and the disease at hand.
Medical Imaging Market: Key Players
The research study includes profiles of leading companies operating in the global medical imaging market. Key players profiled in the report include: Shimadzu Corporation, Fujifilm Holdings Corporation, Philips Healthcare, GE Healthcare, Fonar Corporation, Samsung Medison, HOYA Group Pentax, Hitachi Medical Corporation, Toshiba Corporation & Medtronic.
Drivers for the Global Medical Imaging Market:
The growth of this market is primarily driven by the increasing demand for early disease diagnosis and widening scope of clinical applications, rapidly growing geriatric population and the subsequent increase in the prevalence of associated diseases, technological advancements in diagnostic imaging industry, and increasing investments, funds, and grants by public-private organizations. While the introduction of teleradiology services has enabled global networking of expertise. This is expected to overcome the problems related to lack of expert radiologists in the aforementioned countries.
Opportunities for the Global Medical Imaging Market:
Factors such as increasing demand for early-stage diagnosis of chronic disease and rising aging demographics are expected to boost the growth. While technological advancements coupled with government support in terms of investments and funds, especially in developing countries, such as India and China is also expected to contribute to the market growth. However, Increasing demand for state-of-the-art imaging modalities by teaching hospitals and universities to provide training for advanced technology is expected to positively influence the growth of medical imaging systems market in coming years.
Restrains for the Global Medical Imaging Market:
The factors such as the high cost of diagnostic imaging systems are likely to restrain the growth of the market. While the low reimbursement structure for outpatient imaging facilities are hampering the growth of the market. However the helium shortage, unfavorable reimbursements scenario in emerging countries may hamper the growth of the market. Thus all these factors can create a negative impact at the growth of the market and will restrain the growth of the medical imaging market.
Region Wise, Global Medical Imaging Market Analysis:
Report covers the region wise analysis, global medical imaging market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, North America leads the global medical imaging market share followed by Asia Pacific & Europe. While the North America leads the global medical imaging market due to the presence of a large number of industry players and high-frequency new product launches within the region are the factors attributed for the growth. However, The region exhibits high adoption of advanced, high priced diagnostic imaging modalities because of the factors such as favorable reimbursement scenario and high patient awareness. Also, high service charges assure faster return on investment on high priced diagnostic systems and suits. In Addition, factors such as aging population, rise in prevalence of chronic diseases, and increasing trends of preventive diagnostic practices is driving the regional market.
Global Medical Imaging Market: Product analysis
- Nuclear Imaging Equipment
- Computed Tomography Scanners
- X-Ray Devices
- Ultrasound Systems
- Digital Imaging
- Magnetic Resonance Imaging
Global Medical Imaging Market: Application analysis
- Diagnostics Center
- Community Health Services
- Hospitals
- Research Institutes
- Clinics
- Others
Global Medical Imaging Market: Region analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- ASEAN
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest of L.A.
- Middle East and Africa
- Turkey
- GCC
- UAE
- South Africa
- Rest of Middle East
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