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Diagnostic Imaging Market OutlookDiagnostic imaging helps to understand the functioning of body parts and create visual representation of interior of the body and provides support in detection of medical disorder. The continues increase in geriatric population, increasing prevalence of chronic diseases, and technological advancements are the major factors driving the growth of the global diagnostic imaging market.
Global Diagnostic Imaging Market is expected to grow during the forecast period (2018–2023) at a CAGR ~6.2%.
Diagnostic Imaging Market is used for detection of medical complication and provides aid in treatment of the disease or disorder. The growing geriatric population, rising number of chronic diseases, and advancement in technology are the factors responsible for the growth of the market.
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Key Players:
Some of the key players in the global diagnostic imaging market are Siemens Healthcare Private Limited, Koninklijke Philips N.V., CANON MEDICAL SYSTEMS CORPORATION, Shimadzu Corporation, Carestream Health, Esoate SpA, GE Healthcare, Toshiba Medical Systems Corporation, FUJIFILM Holdings Corporation, Hitachi Medical Systems, and Hologic Inc.
Segmentation:
The global diagnostic imaging market has been segmented on the basis of product, source, and application.
Based on product type, the market has been divided into x-ray equipment, ultrasound imaging systems, nuclear imaging systems, magnetic resonance imaging (MRI), computed tomography (CT) scanners, and other products
The market, by application, has been segmented into gynecology, oncology, orthopedics, cardiology, gastroenterology, neurology, and other applications
The end-user segment has been further divided into hospitals and clinics, diagnostic centers, research institutes, and others.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
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Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
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Moreover, rising R&D spending and aggressive strategies adopted by the top players such as new product launches are contributing to the growth of the market. For instance, in September 2017, General Electric Company launched the Mammography System that allows patients to control their compression by remote control.
The cost associated with the diagnostic imaging systems, unfavorable reimbursement policies and lack of skilled personnel for the effective use of diagnostic imaging systems may hamper the growth of the market during the assessment period.
Regional Analysis:
The market in the Americas is expected to dominate the global diagnostic imaging market during the forecast period due to the increasing number of patients suffering from chronic diseases, surge in geriatric population, rising prevalence of cancer, and well-established healthcare system
The European market is expected to hold the second position in the global diagnostic imaging market owing to the government support and favorable regulatory policies, increasing medical and diagnostic centers, and increasing healthcare expenditure. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to the increasing population and subsequently increasing chronic diseases, rising investment in healthcare and increase in disposable income. The market in the Middle East & Africa is likely to hold the smallest share of the global diagnostic imaging market.
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