North America dominates the global market for diagnostic imaging devices due to rising prevalence of chronic diseases and injuries, and rise with the geriatric population in the region.
New York, NY -- (SBWIRE) -- 04/13/2015 -- According to a new market report published by Persistence Market Research "Global Market Study on Diagnostic Imaging Devices: Asia-Pacific to Witness Highest Growth by 2020," the global diagnostic imaging devices market was valued at USD 26,477.1 million in 2014 and is expected to grow at a CAGR of 5.2% from 2014 to 2020, to reach an estimated value of USD 35,793.4 million in 2020.
Browse the full Global Market Study on Diagnostic Imaging Devices: Asia-Pacific to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/market-research/diagnostic-imaging-devices-market.asp
Globally, the diagnostic imaging devices market is witnessing significant growth due to increasing prevalence of chronic diseases and injuries, and growing aging population. In addition, increasing funding from government bodies, rising initiatives undertaken by government associations to boost awareness, technological advancement and widening application of diagnostic imaging devices are also fueling the growth of the market. However, strict regulatory requirements and heightened risk of cancer owing to exposure to radiation restrain the growth of the global diagnostic imaging devices market.
The global diagnostic imaging devices market is anticipated to grow from an estimated USD 26,477.1 million in 2014 to USD 35,793.4 million in 2020 at a CAGR of 5.2% during the forecast period.
North America is the largest market for diagnostic imaging devices while X-rays are the most popular type of diagnostic imaging devices. In terms of growth, Asia is the fastest growing region; while nuclear imaging and computed tomography scanners make for the fastest growing type of diagnostic imaging devices.
Ultrasound is a widely used imaging modality used for diagnosis, staging various diseases and to study internal body structures such as soft tissues and internal organs. The global ultrasound diagnostic imaging devices market was expected to grow from an estimated USD 6,146.7 million in 2014 to USD 8,363.4 million in 2020 at a CAGR of 5.3% during the forecast period.
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Diagnostic imaging devices market, by type
Magnetic resonance imaging
Computed Tomography scanner
Nuclear imaging system
X-ray diagnostic imaging devices market, by technology
1) X-ray diagnostic imaging devices market, by portability
Stationary x-ray system
Portable x-ray system
2) Ultrasound diagnostic imaging devices market, by technology
3D and 4D system
3) Ultrasound diagnostic imaging devices market, by portability
Trolley ultrasound system
Compact ultrasound system
4) Computed Tomography scanner diagnostic imaging devices market, by type of slice
Middle-end slice CT scanner
High-end slice CT scanner
Low-end slice CT scanner
5) Magnetic resonance imaging diagnostic imaging devices market, by architecture
Open magnetic resonance imaging system
Closed magnetic imaging resonance imaging system
6) Nuclear imaging diagnostic imaging devices market, by type
Positron emission tomography (PET)
Single photon emission computed tomography (SPECT)
7) Diagnostic imaging devices market, by geography
Rest of the World (RoW)
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