Lewes, DE -- (SBWire) -- 03/27/2015 --Diagnostic imaging is being identified as one of the matured markets among the healthcare sector. Advances in diagnostic imaging technology have redefined how physicians diagnose and treat some of the most life threatening diseases such as cancer and heart disease and they have nearly eliminated the need for exploratory surgery. Imaging techniques would be therefore enabling us to diagnose, treat and cure patients without causing any harmful side effects. The different diagnostic imaging modalities include X-ray systems, Computed Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI) systems, Ultrasound systems and Nuclear imaging systems. The global diagnostic imaging market is valued at $23,282 million in 2013 and is expected to grow at a CAGR of 5.1% to reach $33,188 million by 2020.
There are many factors involved in driving the growth of the diagnostic imaging market such as emerging applications in diagnostic procedures, high prevalence of the diseases, ongoing research activities all over the world and most important thing, awareness in people about the use of early disease diagnosis. On the other hand the high cost of the diagnostic imaging systems, risk of the radiation exposure, shortage of helium for MRI systems, poor healthcare insurance coverage particularly for the diagnostic procedures are restricting the market growth.
North America holds the largest share in the global diagnostic imaging market, followed by Europe. However, the Asia-Pacific market is expected to grow at the fastest CAGR in the coming five years. The Asian and Latin American countries represent the fastest growing markets due to increasing government support for research and rising industry and academic partnerships for research activities. But still the factors like economic slowdown, pricing pressures may compel the companies to focus on Asian markets.
Spanning over 363 pages and 12 Tables "Diagnostic Imaging Global Market – Forecast To 2020" report covers Executive Summary, Introduction, Market Analysis, Diagnostic Imaging Technologies Global Market, By Products, Global Diagnostic Imaging Market, Technology Outlook, Diagnostic Imaging Technologies Global Market, Applications Outlook, Diagnostic Imaging Technologies Global Market, By End-Users, Regional Market Analysis, Introduction, Major Player Profiles. This Report Covered 8 Companies - Ge Healthcare, Hitachi Medical Corporation, Inc., Hologic, Inc., Philips Healthcare, Samsung Medison, Shimadzu Corporation, Siemens Healthcare, Toshiba Medical Systems Corporation.
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