Global Medical Imaging Equipment Market: Staggering Increase in Cancer Cases to Boost Demand, says TMR
As per Transparency Market Research, the global medical imaging equipment market will be worth US$45.30 bn by 2022. The x-ray devices market, on the basis of product, is anticipated to lead and be worth US$12.34 bn by 2023. The market medical imaging equipment is estimated to be lucrative in North America in the years to come and be worth US$13.50 bn by 2023, on account of supportive healthcare regulations from government, growing healthcare infrastructure, and higher adoption of advanced medical imaging devices. Also, investing in developing economies such as Brazil, India, and Russia will prove to be profitable for market players as these nations have a huge population and there are unmet medical needs.
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The Medical Imaging Equipment Market is segmented on the basis of expression system, product type,by Technology, application, by Geographyand region.
The high incidence of chronic diseases has been the fueling the rise of the global medical imaging equipment market. The need to bring in unquestionable accuracy to diagnostic standards has also rendered technological advancements, which has bolstered the market to a large degree in the past few years. Advancements such as 3D visualizations have become important in key markets in North America and Europe for diagnosing various types of cancers.
On the other hand, 2D imaging diagnostics have also found a firm footing in the developing regions aiding the cause of creating a better medical infrastructure, states Transparency Market Research. The strengthening economies of India and China have also made a significant contribution to the rise of the global medical imaging equipment market by focusing on establishing a better healthcare infrastructure.
Of all the types of technologies used for getting X-rays, the digital radiography technology holds the largest market share. Advantages of less exposure to radiation and higher quality of images have collectively helped this technology segment to surpass the conventional analog X-ray market. The digital radiography x-ray devices segment will register a CAGR of 5.8% between 2015 and 2023. Analysts predict that the X-ray segment, in terms of technology, will reach a valuation of US$12.34 bn by 2023 expanding at a CAGR of 4.5% over the forecast period.
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Summary of Table of Content :
2 Executive Summary
3 Global Medical Imaging Equipment Market Overview
4 Global Medical Imaging Equipment Market, by Product Types
5 Global Medical Imaging Equipment Market, by Technology
6 Global Medical Imaging Equipment Market, by Geography
7 Recommendations8 Company Profiles
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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