Research Report Explores The Diagnostic Imaging Devices Market Will Be Valued At USD 35,793.4 Million By 2020

According to a new market report published by Persistence Market Research “Global Market Study on Diagnostic Imaging Devices: Asia-Pacific to Witness Highest Growth by 2020,” the global diagnostic imaging devices market was valued at USD 26,477.1 million in 2014 and is expected to grow at a CAGR of 5.2% from 2014 to 2020, to reach an estimated value of USD 35,793.4 million in 2020.

The global diagnostic imaging devices market is growing at a moderate rate owing to increasing prevalence of chronic diseases and injuries, and growing aging population. Moreover, factors such as rising initiatives undertaken by government associations to boost awareness of the effects and complications of tuberculosis, cardiovascular diseases, and cancer, and technological advancement and widening application of diagnostic imaging devices are driving the global diagnostic imaging devices market.

In addition, increasing funding from government bodies is also promoting the use of diagnostic imaging devices in the regions. However, factors such as strict regulatory requirements and heightened risk of cancer owing to exposure to radiation are inhibiting the market growth.

The global diagnostic imaging devices market is anticipated to grow from an estimated USD 26,477.1 million in 2014 to USD 35,793.4 million in 2020 at a CAGR of 5.2% during the forecast period.

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In North America, growing aging population, increasing health awareness, rising chronic diseases and injuries, large number of ongoing research activities and faster adoption of technologically advanced imaging systems are driving the use of diagnostic imaging devices in the market.

In Europe, the diagnostic imaging devices market is driven by rising diagnostic requirements due to increasing prevalence of chronic diseases and injuries, and aging population. For instance, according to a paper published on Cancer Incidence and Mortality Pattern in Europe, by International Agency for Research on Cancer in France, approximately, 3.45 million new cases of cancer were diagnosed in Europe in 2012.

However, in Asia-Pacific the growth for diagnostic imaging devices is much higher than developed countries due to growing awareness about benefits of early diagnosis of disease among individuals, large population base, upgradation of health care systems and increasing prevalence of chronic diseases.

Some of the major players in the diagnostic imaging devices market:

  • Siemens Healthcare.
  • Hitachi, Ltd.
  • Carestream Health, Inc.
  • Samsung Electronics Co., Ltd.
  • Toshiba Corporation.
  • Koninklijke Philips N.V.
  • General Electric Company.
  • Other

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The diagnostic imaging devices market is segmented as follows:

Diagnostic imaging devices market, by type

  • X-ray
  • Ultrasound
  • Magnetic resonance imaging
  • Computed Tomography scanner
  • Nuclear imaging system
  • Others

X-ray diagnostic imaging devices market, by technology

  • Analog radiograph
  • Digital radiograph
  • Others

X-ray diagnostic imaging devices market, by portability

  • Stationary x-ray system
  • Portable x-ray system

Ultrasound diagnostic imaging devices market, by technology

  • 2D system
  • Doppler system
  • 3D and 4D system
  • Others

Ultrasound diagnostic imaging devices market, by portability

  • Trolley ultrasound system
  • Compact ultrasound system

Computed Tomography scanner diagnostic imaging devices market, by type of slice

  • Middle-end slice CT scanner
  • High-end slice CT scanner
  • Low-end slice CT scanner

Magnetic resonance imaging diagnostic imaging devices market, by architecture

  • Open magnetic resonance imaging system
  • Closed magnetic imaging resonance imaging system

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Nuclear imaging diagnostic imaging devices market, by type

  • Positron emission tomography (PET)
  • Single photon emission computed tomography (SPECT)

Diagnostic imaging devices market, by geography

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • The U.K.
  • Asia
    • Japan
    • China
    • India
  • Rest of the World (RoW)

More About the Report –

Unprecedented access to a world of information has given rise to the empowered, albeit distrustful, consumer. So is the case with healthcare, where the patient has been rendered more informed and conscientious thanks to the extraordinary penetration of the Internet. The discerning patient now demands more affordable, sophisticated, transparent, and personalized healthcare services, creating the need for new models for care.

The advent of health information technology (HIT) components such as electronic health records (EHR), hospital information systems (HIS), picture archiving and communication systems (PACS), and vendor-neutral archives (VNA) has had just as transformational an impact on the overall healthcare sector as the concerns regarding security and privacy. Data theft, undue access to personal health records, and cyber-attacks are very real threats that the healthcare sector faces today.

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