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BRIC Diagnostic Imaging Equipment Market Poised to Reach $7.6 Billion by 2018

Diagnostic Imaging Equipment Market categories the Emerging Markets BRIC by Modality [Ultrasound (Color Doppler, Portable), Digital X-ray Imaging, Magnetic Resonance Imaging, Mammography, PET, SPECT, CT Scanner (Low-, Mid-, & High-end)] & Geography (BRIC - Brazil, Russia, India, and China)

 

Dallas, TX -- (SBWIRE) -- 12/02/2014 -- The report "Diagnostic Imaging Equipment Market by Modality [Digital X-ray Imaging, Ultrasound (Color Doppler, Portable), Magnetic Resonance Imaging, CT Scanner (Low-, Mid-, & High-end), Mammography, PET, SPECT] - Emerging Markets (BRIC - Brazil, Russia, India, and China)- 2011-2018" analyzes and studies the major market drivers, restraints, opportunities, and challenges in Brazil, Russia, India, and China.

Browse 103 market data tables and 46 figures spread through 191 pages and in-depth TOC on "Diagnostic Imaging Equipment Market"

http://www.marketsandmarkets.com/Market-Reports/Diagnostic-Imaging-242.html

This report studies the BRIC Diagnostic Imaging Equipment Market over the forecast period of 2013 to 2018. The market is expected to reach ~$7.6 billion by 2018, at CAGR of 10.5% from 2013 to 2018.

The BRIC diagnostic imaging equipment market has been divided into six segments based on type of modality, namely, ultrasound systems, X-ray imaging systems, computed tomography (CT) systems, magnetic resonance imaging (MRI) systems, nuclear imaging systems, and mammography systems. Each segment is further sub segmented based on product type. The ultrasound systems market is further sub segmented by technology (color Doppler ultrasound imaging systems and black & white ultrasound imaging systems) and portability (trolley-based and compact/portable). The X-ray imaging systems market is sub segmented by technology (analog and digital (computed radiography and direct radiography)) and portability (stationary and portable). The MRI systems market is divided by architecture (closed MRI and open MRI) and field strength (high-field MRI systems, very high-field MRI systems, and low-to-mid-field MRI systems). Mammography systems are segmented on the basis of technology (analog mammography and digital mammography). Likewise, the market for CT scanners is further segmented on the basis of slice type (mid-end, low-end, and high-end). The nuclear imaging systems market is further divided into single-photon emission computed tomography (SPECT) and positron emission tomography (PET) systems.

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The ultra sound systems segment accounted for largest share of the BRIC diagnostic imaging equipment market at an estimated $1.6 billion in 2013. This is due to the high usage of ultrasound systems for various diagnostic applications as compared to other costly imaging equipment, and the presence of large number of domestic ultrasound systems manufacturers in these countries. The MRI systems market is expected to grow at the highest growth rate in the forecast period, owing to the rising adoption of high-end MRI scanners in urban healthcare facilities of BRIC nations.

Factors such as increasing development of technologically advanced and low-cost diagnostic imaging devices, rising incidence/prevalence of cancer and cardiac diseases, rapid growth in aging population, and growing public and private funding to develop healthcare infrastructure are driving the growth of BRIC diagnostic imaging equipment market. However, side-effects of radiations emitted by diagnostic imaging devices, high cost of diagnostic imaging systems, and shortage of helium are some of the key factors limiting the growth of the market in BRIC nations. In addition, the increasing demand for refurbished diagnostic imaging systems in BRIC nations is further posing a huge challenge for device manufacturers.

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As of 2013, China held the largest share, 45%, of the BRIC Diagnostic Imaging Equipment Market, followed by Russia. The Chinese market is also expected to grow at the fastest CAGR of 12.0% from 2013 to 2018. A number of factors such as ongoing healthcare reforms, growing government investments to develop its healthcare infrastructure in rural areas, and favorable demographic scenario (huge patient pool and rapidly aging population) are boosting the growth of Diagnostic Imaging Equipment Market in China. However, irregularities in the tendering process and government price controls over medical devices are some key challenges faced by players in the Chinese Diagnostic Imaging Equipment Market.

The major players in the BRIC Diagnostic Imaging Equipment Market include GE Healthcare (U.K.), Hitachi Medical Corporation (Japan), Hologic, Inc. (U.S.), Philips Healthcare (Netherlands), Samsung Medison (South Korea), Siemens Healthcare (Germany), Shimadzu Corporation (Japan), and Toshiba Medical Systems Corporation (Japan).

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