Medical Imaging Equipment Market

Global Medical Imaging Equipment Market, 2015 - 2023
Persistence Market Research
Medical Imaging Equipment Market Expected
to Reach US$ 45.3 Bn Globally in 2023
Persistence Market Research 1

Global Medical Imaging Equipment Market, 2015 - 2023
According to a new market report published by Persistence Market Research “Global Market
Study on Medical Imaging Equipment,” the global medical imaging equipment market was
valued at US$ 29.4 Bn in 2015 and is expected to reach US$ 45.3 Bn by 2023, growing at a
CAGR of 5.6% during the forecast period from 2015 to 2023.
Improvement in health care reforms in major countries such as Japan, the U.S., China, and U.K.
has enhanced access to various diagnostic and treatment services thereby increasing life
expectancy of the population. Rise in geriatric population is expected to intensify the need for
healthcare products and services in these countries. Moreover, the rising incidence of diseases
across the globe continue to increase the demand for diagnosis equipment, particularly noninvasive
imaging solutions. According to the World Health Organization (WHO), an estimated
17.5 Mn people died due to cardiovascular diseases in 2012, accounting for approximately 31%
of global deaths. Moreover, 235 Mn people were diagnosed with asthma across the world in
2014.
Interested in report: Please follow the below the links to meet your requirements;
Request for the Report Sample: http://www.persistencemarketresearch.com/samples/11215
On account of all these factors, the global medical imaging equipment market is expected to
grow at a CAGR of 5.6% during the forecast period from 2015 to 2023. The market is driven by
the major developed economies of the U.S., Europe, and Asia Pacific. However, emerging
markets, particularly, China, India and Brazil are expected to be the fastest growing market in
terms of CAGR during the forecast period.
With a share of more than 30% in 2015, North America was the largest market for medical
imaging equipment primarily due to high awareness about medical imaging devices financial
capability to purchase expensive machines, rising demand for technologically advanced and
innovative products in hospitals, diagnostics laboratories and outpatient ambulatory surgery
centers, and high investment in improving healthcare infrastructure. Obesity is one of the major
causes of several diseases of cardiovascular system that has led to increase in demand for
diagnostic imaging in the U.S. According to the Centers for Disease Control and Prevention
(CDC), the percentage of obese children aged between 6 years and 11 years increased from
7% in 1980 to 18% in 2012 in the U.S. In addition, increasing healthcare expenditure in the U.S.
in recent years has also assisted in dramatic rise in the usage of medical imaging.
Persistence Market Research 2

Global Medical Imaging Equipment Market, 2015 - 2023
Emerging economies such as China, India, Indonesia, Malaysia, Singapore and Thailand are
providing much needed boost to the medical imaging equipment market. The Asia Pacific
market is driven by demand for refurbished imaging systems as more equipment are needed
with less funds dedicated to healthcare budgets. However, demand for new devices that offer
superior imaging, speed, flexibility and portability are also being adopted in China and India,
countries with the largest market potential. Europe was ranked third, in terms of market size,
after North America and Asia Pacific. Demand in the region is similar to North America, wherein
demand for advanced equipment for all modalities is higher. Western Europe, which includes
major economies such as Germany, U.K., France, and Italy, holds a major share in the region.
View TOC (table of content), Figures and Tables of the Report:
http://www.persistencemarketresearch.com/market-research/medical-imaging-equipmentmarket/toc
Others markets on the global map include Latin America and Middle East & Africa. As the
markets in the developed world are becoming saturated, most the market players are focusing
on emerging markets in Brazil and member states of Gulf Cooperation Council. Looking at the
proximity of Brazil to the U.S., major market players find it convenient to have manufacturing
facilities in Brazil. Therefore, the Latin America market is poised to grow rapidly. In addition, the
government efforts in GCC member states to invest in improving the healthcare infrastructure
and promote medical tourism are facilitating the demand for newer medical imaging equipment.
Key participants in global imaging equipment market include, GE Healthcare, Shimadzu
Corporation, Philips Healthcare, Genesis Medical Imaging inc., Hologic Inc., Siemens
Healthcare, Samsung Medison Co. Ltd, Carestream Health Inc., Hitachi Medical Corporation,
Fujifilm Holdings Corporation, Toshiba Corporation and Fonar Corporation. The medical imaging
equipment market is highly capital.
Browse Full Report: http://www.persistencemarketresearch.com/market-research/medicalimaging-equipment-market.asp
The global medical imaging equipment market is segmented into the following categories:
Medical Imaging Equipment Market, by Product
X-Ray Devices
Persistence Market Research 3

Global Medical Imaging Equipment Market, 2015 - 2023
Stationary
Portable
Ultrasound Systems
Cart/Trolley Based Ultrasound System
Compact/Portable Ultrasound System
Computed Tomography (CT) Scanners
Stationary
Mobile
Magnetic Resonance Imaging (MRI) Equipment
Closed
Open
Nuclear Imaging Equipment
SPECT Scanner
PET Scanner
Medical Imaging Equipment Market, by Technology
X-Ray Devices
Analog X-ray Technology
Digital Radiography
Computed Radiography
Ultrasound Systems
2-D
3-D & 4-D
Doppler
High Intensity Frequency Ultrasound (HIFU)
Lithotripsy
Persistence Market Research 4

Global Medical Imaging Equipment Market, 2015 - 2023
Computed Tomography (CT) Scanners
Stationary
Mobile
Magnetic Resonance Imaging (MRI) Equipment
Low-Slice
Medium-Slice
High-Slice
Nuclear Imaging Equipment
SPECT Scanner
PET Scanner
Medical Imaging Equipment Market, by Geography
North America
U.S.
Canada
Europe
U.K
Germany
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific
Latin America
Persistence Market Research 5

Global Medical Imaging Equipment Market, 2015 - 2023
Brazil
Rest of Latin America
Middle East and Africa (MEA)
GCC Countries
Rest of MEA
Market Bytes:
Advancements in 3D imaging technology has enabled development in computer-aided detection (CAD)
and increased applications for imaging diagnostic applications. Moreover, rising incidence of several
diseases such as respiratory, orthopedic, and cardiovascular has increased global demand for diagnosis
and diagnostic equipment. The global medical imaging equipment market was valued at US$ 29.4 Bn in
2015 and is projected to reach US$ 45.3 Bn by 2023, expanding at a CAGR of 5.6% during the forecast
period from 2015 to 2023. Imaging devices such as magnetic resonance imaging (MRI), computed
tomography (CT or CAT), and ultrasound have allowed further options for treatment guidance essentially
with very low morbidity. This has resulted in highly improved outcomes and quality of life for the patients.
Among all the product types, X-Ray devices, and ultrasound devices collectively accounted for around
50% of the total market share in 2015. Factors such as changing buyer preferences due to rising demand
for bedside monitoring and rise in the number of patients catered via urgent care centers and emergency
medical services have increased demand for technologically-advanced X-ray systems. Digital X-ray
systems have revolutionized X-ray imaging, and thus helped the upsurge of the existing sluggish mature
X-ray imaging equipment segment. Factors such as increasing incidence of diseases diagnosed using
this imaging technique (such as oral diseases and orthopedic conditions) and product enhancement and
upgrade in the form of device portability are likely to drive the market. Moreover, digital X-ray systems are
contributing to the growth of the market in terms of revenue due to surging demand for these products
across the world. Newer and better imaging technologies such as nuclear imaging and computed
tomography (CT) are expected to witness high adoption levels by the end of the forecast period.
In 2015, the global portable X-ray devices market held more than 40% share in X-ray devices market and
is expected to record significant growth during the forecast period. Portable X-ray devices have high
adoption rates, especially in emergency departments and ICUs. The Stationary X-ray equipment is getting
rapidly replaced by mobile and portable X-ray devices triggered by the shift in user preference towards
Persistence Market Research 6

Global Medical Imaging Equipment Market, 2015 - 2023
bedside imaging. Furthermore, the advent of new healthcare trends such as home healthcare is also
slowing down the sale of stationary X-ray equipment. Ultrasound devices are anticipated to witness a
growth of around 7% during the forecast period. Rise in geriatric population will intensify the need for
health care products and services since this segment of the population is more prone to diseases such as
respiratory (tuberculosis and pneumonia), oral, orthopedic (osteoporosis), and cardiovascular diseases.
Early diagnosis of these diseases is crucial for decision making and ensuring proper treatment. These
diseases can be accurately diagnosed with the use of imaging equipment such as X-ray, ultrasound,
magnetic resonance imaging (MRI), and computed tomography (CT).
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a
unique collaboration of data analytics and market research methodology to help businesses
achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multidisciplinary
approach. At PMR, we unite various data streams from multi-dimensional sources.
By deploying real-time data collection, big data, and customer experience analytics, we deliver
business intelligence for organizations of all sizes.
Contact
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Persistence Market Research 7

Global Medical Imaging Equipment Market, 2015 - 2023
Web: http://www.persistencemarketresearch.com
Persistence Market Research 8