The global market for medical imaging systems is
expected to reach USD 37.83 billion by 2020, according to a new study by Grand
View Research, Inc. Increasing geriatric population base augmenting the
susceptibility of patients towards chronic diseases such as cardiovascular,
orthopedic and respiratory diseases coupled with increasing patient awareness
levels is expected to drive market growth over the next six years. Some of the
other drivers for this market include growing demand for refurbished and
retrofitted devices, introduction of digital and portable X-ray systems and
increasing adoption rates of PACS in healthcare establishments as a cost
effective and technologically advanced alternative.
X-ray equipment dominated the overall market in
terms of share in 2013, with market revenue valued at USD 8.1 billion.
Increasing demand for home healthcare, reduction in handling and maintenance
cost post the introduction of handheld and portable devices are some of the
factors accounting for X-ray equipment demand growth. Ultrasound systems
followed X-ray in 2013 accounting for a revenue share of over 23% on account of
the rising demand for portable and mobile devices.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/medical-imaging-systems-market
Further
key findings from the study suggest:
• Computed radiography dominated the overall
X-ray technology market and was valued at over USD 2.80 billion in 2013.
Growing demand for higher quality digital images for effective diagnostic
purposes and the increasing demand for PACS implementation are some of the
factors expected to drive market growth during the forecast period.
• North America, owing to its sophisticated healthcare infrastructure, reimbursement framework and high healthcare expenditures dominated the market in 2013, accounting for over 32% of global revenue.
• Asia Pacific on the other hand is expected to register the highest CAGR of 7.5% during the forecast period, and is expected to outgrow North America by 2020. The presence of high unmet medical needs coupled with constantly improving healthcare infrastructure and healthcare expenditures in emerging markets such as China and India is expected to boost demand over the next six years. In addition, high demand for retrofitted and refurbished medical imaging systems in these markets is expected to serve as a driver.
• Key players for this market include GE Healthcare, Shimadzu Corporation, Toshiba Medical Systems, Siemens Healthcare and Philips Healthcare.
• North America, owing to its sophisticated healthcare infrastructure, reimbursement framework and high healthcare expenditures dominated the market in 2013, accounting for over 32% of global revenue.
• Asia Pacific on the other hand is expected to register the highest CAGR of 7.5% during the forecast period, and is expected to outgrow North America by 2020. The presence of high unmet medical needs coupled with constantly improving healthcare infrastructure and healthcare expenditures in emerging markets such as China and India is expected to boost demand over the next six years. In addition, high demand for retrofitted and refurbished medical imaging systems in these markets is expected to serve as a driver.
• Key players for this market include GE Healthcare, Shimadzu Corporation, Toshiba Medical Systems, Siemens Healthcare and Philips Healthcare.
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