Persistence Market Research

Global Diagnostic Imaging Devices Market Analysis and Forecast to 2020

Persistence Market Research is released new forthcoming report on title "Diagnostic Imaging Devices Market - Global Industry Analysis and Forecast to 2020".


New York, NY -- (SBWIRE) -- 11/20/2014 -- Diagnostic imaging is a non-invasive technique for visualization of internal organs, tissues and others. Images produced may be 2D or 3D in nature depending upon the nature of machine being used for diagnosis. Diagnostic imaging techniques help to investigate about the cause of an injury or illness. Also, it ensures that the diagnosis done is accurate. On the basis of type of modality, diagnostic imaging devices market covers X-ray imaging systems, ultrasound systems, nuclear imaging systems, computed tomography (CT) systems and magnetic resonance imaging (MRI) systems. The nuclear imaging systems cover Single Photon Emission Computed Tomography (SPECT) and Positron Emission Tomography (PET) systems.

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X-ray imaging systems are the largest segment in the global diagnostic imaging devices market, followed by ultrasound systems, CT systems and MRI. North America dominates the global diagnostic imaging devices market, followed by European and Asian countries. Increasing aging population, large number of diagnostic imaging centers, high incidence of various diseases, such as cancer and cardiovascular diseases, and the large number of ongoing research activities in North America drive the market at a healthy growth rate. Various companies dealing in the market are investing money in to emerging markets such as China and India. This is due to rising government initiatives, increasing adoption of advanced healthcare systems and improved healthcare insurance coverage. Also, the growing demand for diagnostics due to rising incidence/prevalence of chronic diseases drives the market for diagnostic imaging devices in Asia-Pacific.

Diagnostic imaging devices market is driven by the increasing geriatric population worldwide. This is due to the reason that elderly people are highly susceptible to diseases such as cardiovascular diseases and osteoporosis. However, due to the risk of radiation exposure, high cost of diagnostic imaging systems and poor healthcare insurance coverage for diagnostic procedures, diagnostics imaging devices market is hindered. Also, some other factors such as shortage of helium for MRI systems, technological limitations associated with standalone systems and saturation in mature markets, restrain the market for diagnostic imaging devices.

The market for diagnostic imaging devices is expected to increase as a result of support from various private and government bodies. However, an imposition of excise tax on the sale of medical devices is expected to impede the growth of diagnostic imaging devices market. The companies dealing into this market are focussing on various strategies such as new product launches and product developments, to enhance their positions in the global market for diagnostic imaging devices. In addition, significant numbers of market players are expected to adopt strategies, such as partnerships, expansions, acquisitions, collaborations, and agreements, to strengthen their product portfolios and expand their geographic presence. The market is also expected to witness other features such as system portability, CT systems with higher number of slices, digital dominance and standardization. GE Healthcare, Philips Healthcare, and Siemens Healthcare are some of the major players in the diagnostic imaging devices market. Also, Hitachi Medical Corporation, Carestream Health, Toshiba Medical Systems Corporation, Hologic, Inc. and Shimadzu Corporation have a significant presence in the market for diagnostic imaging devices.

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