Medical Imaging Equipment Market
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Global <strong>Market</strong> Study on <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong>: North America and APAC to Continue<br />
Dominating with a Collective <strong>Market</strong> Share of Over 60% across the Forecast Period<br />
According to a new market report published by Persistence <strong>Market</strong> Research “Global <strong>Market</strong> Study<br />
on <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong>,” the global medical imaging equipment market was valued at US$<br />
29.4 Bn in 2015 and is expected to reach US$ 45.3 Bn by 2023, growing at a CAGR of 5.6% during<br />
the forecast period from 2015 to 2023.<br />
Improvement in health care reforms in major countries such as Japan, the U.S., China, and U.K. has<br />
enhanced access to various diagnostic and treatment services thereby increasing life expectancy of<br />
the population. Rise in geriatric population is expected to intensify the need for healthcare products<br />
and services in these countries. Moreover, the rising incidence of diseases across the globe continue<br />
to increase the demand for diagnosis equipment, particularly non-invasive imaging solutions.<br />
According to the World Health Organization (WHO), an estimated 17.5 Mn people died due to<br />
cardiovascular diseases in 2012, accounting for approximately 31% of global deaths. Moreover, 235<br />
Mn people were diagnosed with asthma across the world in 2014.<br />
Request to view table of content @ https://www.persistencemarketresearch.com/toc/11215<br />
On account of all these factors, the global medical imaging equipment market is expected to grow at<br />
a CAGR of 5.6% during the forecast period from 2015 to 2023. The market is driven by the major<br />
developed economies of the U.S., Europe, and Asia Pacific. However, emerging markets,<br />
particularly, China, India and Brazil are expected to be the fastest growing market in terms of<br />
CAGR during the forecast period.<br />
With a share of more than 30% in 2015, North America was the largest market for medical imaging<br />
equipment primarily due to high awareness about medical imaging devices financial capability to<br />
purchase expensive machines, rising demand for technologically advanced and innovative products<br />
in hospitals, diagnostics laboratories and outpatient ambulatory surgery centers, and high<br />
investment in improving healthcare infrastructure. Obesity is one of the major causes of several<br />
diseases of cardiovascular system that has led to increase in demand for diagnostic imaging in the<br />
U.S. According to the Centers for Disease Control and Prevention (CDC), the percentage of obese<br />
children aged between 6 years and 11 years increased from 7% in 1980 to 18% in 2012 in the U.S.<br />
In addition, increasing healthcare expenditure in the U.S. in recent years has also assisted in<br />
dramatic rise in the usage of medical imaging.<br />
Request Sample Report@ https://www.persistencemarketresearch.com/samples/11215<br />
Emerging economies such as China, India, Indonesia, Malaysia, Singapore and Thailand are<br />
providing much needed boost to the medical imaging equipment market. The Asia Pacific market is<br />
driven by demand for refurbished imaging systems as more equipment are needed with less funds<br />
dedicated to healthcare budgets. However, demand for new devices that offer superior imaging,<br />
speed, flexibility and portability are also being adopted in China and India, countries with the<br />
largest market potential. Europe was ranked third, in terms of market size, after North America and<br />
Asia Pacific. Demand in the region is similar to North America, wherein demand for advanced<br />
equipment for all modalities is higher. Western Europe, which includes major economies such as<br />
Germany, U.K., France, and Italy, holds a major share in the region.<br />
Others markets on the global map include Latin America and Middle East & Africa. As the markets<br />
in the developed world are becoming saturated, most the market players are focusing on emerging<br />
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<br />
Brazil. Therefore, the Latin America market is poised to grow rapidly. In addition, the government<br />
efforts in GCC member states to invest in improving the healthcare infrastructure and promote<br />
medical tourism are facilitating the demand for newer medical imaging equipment.<br />
Key participants in global imaging equipment market include, GE Healthcare, Shimadzu<br />
Corporation, Philips Healthcare, Genesis <strong>Medical</strong> <strong>Imaging</strong> inc., Hologic Inc., Siemens Healthcare,<br />
Samsung Medison Co. Ltd, Carestream Health Inc., Hitachi <strong>Medical</strong> Corporation, Fujifilm<br />
Holdings Corporation, Toshiba Corporation and Fonar Corporation. The medical imaging<br />
equipment market is highly capital.<br />
Buy <strong>Medical</strong> <strong>Imaging</strong> <strong>Equipment</strong> <strong>Market</strong> Report@<br />
https://www.persistencemarketresearch.com/checkout/11215