Key market manufacturers are highly investing on the R&D activities coupled with rising government initiatives, these are some of the factors that are contributing to the growth of the market.
Sarasota, FL -- (SBWIRE) -- 07/05/2017 -- Zion Market Research, the market research group announced the analysis report titled "Medical Imaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Medical Imaging Market: Overview
Medical imaging is a process of creating visual representations of internal parts of the body for medical intervention along with clinical analysis. It assists in diagnosing and treating the diseases properly. It installs a database of physiology and normal anatomy thus making it feasible to recognize the abnormalities. It is part of biological imaging coupled with radiology, which includes imaging technologies of endoscopy, X-ray radiography, ultrasound, tactile imaging, magnetic resonance imaging, elastography, medical photography, and others.
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Global Medical Imaging Market: Growth Factors
Key market manufacturers are highly investing on the R&D activities coupled with rising government initiatives, these are some of the factors that are contributing to the growth of the market. Increasing demand for portable imaging equipment and growing preferences toward refurbished equipment anticipate fueling the market growth. It is useful in diagnosing complex medical conditions, this is expected to augment the market growth. The radiologist extensively adopts medical imaging, as it is free from any harmful rays. Companies show their interest for the manufacturing of nuclear imaging equipment, which is propelling the market. Chronic diseases such as cardiovascular diseases, cancer, and others require medical imaging in order to provide early diagnosis of the disease, this will positively enhance the market in the coming years. Increasing demand for medical imaging leads to rising number of imaging equipment such as SPECT/PET equipment, MRI, ultrasound systems, CT Scanners, and X-ray systems.
Global Medical Imaging Market: Segmentation
The medical imaging market is segregated on the basis of application, product, and region. Based on the application, the market is divided into community health services, hospitals, research institutes, physical examination institutions, clinics, and others. The market is classified on the basis of the product as nuclear imaging equipment, computed tomography scanners, X-ray devices, ultrasound systems, digital imaging, and magnetic resonance imaging. Region-wise, the medical imaging market is diversified into Europe, North America, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Medical Imaging Market: Regional Analysis
Asia Pacific is expected to be the most attractive market for the growth of medical imaging industry. Rising population, the disposable income of the people, and growing affordability of patients to avail imaging facilities are the major factors that are responsible for the medical imaging market growth. The government in countries such as China and Malaysia are taking initiatives for the establishment of the improved medical infrastructure and imaging equipment thus expecting to drive the market in future. Technologically advanced imaging equipment are getting launched in the market, which is expected to open up a new avenue in the North American market. Market players are focusing on adopting mergers & acquisitions, strategic collaborations that will foster the market in the Middle East and Africa, and they are also enhancing their expertise by improving their geographical presence.
Global Medical Imaging Market: Competitive Players
Major leading players in the global medical imaging market are Shimadzu Corporation, Fujifilm Holdings Corporation, Philips Healthcare, GE Healthcare, Fonar Corporation, Samsung Medison, and HOYA Group PENTAX. Other influencing players include Hitachi Medical Corporation, Toshiba Corporation, Hologic, Inc., Medtronic, Carestream Health, and Siemens Healthcare.
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Global Medical Imaging Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa