Global Diagnostic Imaging Market will reach USD 33

Sarasota, FL, Dec. 08, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Diagnostic Imaging Market by Products (X-ray Imaging Systems, CT Scanners, MRI Systems, Ultrasound Imaging Systems and Nuclear Imaging Systems): Global Industry Perspective, Comprehensive Analysis And Forecast, 2015 - 2021” . According to the report, the global  diagnostic imaging market was valued at approximately USD 23.50 billion in 2015 and is expected to reach approximately USD 33.50 billion by 2021, growing at a CAGR of around 6.0% between 2016 and 2021.

Imaging is the technique of generating visual representations of an object or body. Diagnostic imaging uses imaging technology in clinical trials for viewing the interior parts of the body. The images obtained from diagnostic imaging are used for diagnosing, examine and revealing the human body. Medical imaging also establishes a database of normal anatomy and physiology to make it possible to identify abnormalities. Screening imaging clinical trials, diagnostic imaging clinical trials, and image-guided interventional clinical trials are the key types include in diagnostic imaging. Diagnostic imaging provides quick, detail, accurate diagnosis.

Browse through 13 Market Tables and 27 Figures spread over 110 Pages and in-depth TOC on “Global Diagnostic Imaging Market: Size, Share, Trends, Industry Segment, Analysis and Forecast 2015-2021”.

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Increasing geriatric population and growing occurrences of chronic diseases are some of the major factors driving the global diagnostic imaging market. Growth in the pharmaceutical industry is another major factor that is expected to help the growth of the diagnostic imaging in the coming years. Government support and investments coupled with research and development activities especially in countries such as the U.S. and U.K. is anticipated to boost the market growth in the near future. However, the high cost of machinery and its installation is a major restraining factor for the market growth. In addition, the risk of high radiation exposure will limit the use of CT scanners coupled with a shortage of helium – a major concern for MRI manufacturers and healthcare facilities can restrict the growth of global diagnostic imaging market. Nonetheless, ongoing research and development in the medical diagnostic sector are likely to bring growth avenues in the market.

On the basis of product type, the global diagnostic imaging market is segmented into X-ray imaging systems, CT scanners, MRI systems, ultrasound imaging systems and nuclear imaging systems.  The X-ray imaging systems dominated the market with over 31% share of the total market in 2015 followed by CT scanner which accounted for approximately 17% of total diagnostic imaging market. MRI and ultrasound also accounted for significant share owing to the increasing disabled and aging populations who are commonly diagnosed with the different disease and other complications.

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In terms of revenue, North America held the largest share of the global diagnostic imaging market and is set to continue to dominate the world marketplace within the forecast period. This growth is mainly attributed to the presence of research labs coupled with government support in this region. The rising numbers of pharmaceutical & biotechnology companies coupled with advanced technology are some of the key factors that are expected to fuel the market growth in this region.

In terms of revenue, North America was followed by Europe. Europe accounted for over 28.0% share of the total market in 2015 and is expected to exhibit significant growth within the forecast period. X-ray is expected to be the largest category in the diagnostic imaging market in 2021 in Europe.  This is mainly due to increase healthcare awareness across the region. The key participants follow the latest developments in diagnostic imaging which are relevant to the development of medicines. Thus, all aforementioned factors are expected to drive the demand for diagnostic imaging market in Europe.  

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Asia Pacific is another leading regional market and is expected to witness significant growth in near future. The growth is mainly due to the rising aging population, increasing R&D spending, and growth in the overall healthcare industry. Furthermore, diagnostic imaging market has the huge opportunity in the emerging markets of Asia Pacific due to the increasing population coupled with the rising health awareness among people, especially in China and India. 

Latin America is estimated to witness significant growth in the forecast period. This is mainly due to technological advancement and increasing demand for X-ray, CT scanner and ultrasound in the region. The Middle East and Africa expected to show moderate growth in the coming years.

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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global diagnostic imaging market include GE Healthcare, Siemens Healthcare GmBH, Koninklijke Philips N.V., Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Carestream Health, Inc., Esaote S.p.A, Hologic, Inc., Fujifilm Corporation, Samsung Medison, and Shimadzu Corporation.

This report segments the Global Diagnostic Imaging Market as follows: Global Diagnostic Imaging Market:  Product Type Analysis

• X-ray Imaging Systems
• CT Scanners 
• MRI Systems 
• Ultrasound Imaging Systems 
• Nuclear Imaging Systems

Global Diagnostic Imaging Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • K.
  • Germany
  • France 
• Asia Pacific
  • China 
  • Japan 
  • India
• Latin America
  • Brazil
• Middle East And Africa

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