Diagnostic Imaging Market – Analysis and Forecast (2021-2027)

1. Global Diagnostic Imaging Market

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3. Global Diagnostic Imaging Market Diagnostic imaging is a procedure to generate an image of internal and external body parts for clinical purpose. It has its application in several medical fields such as neurology, cardiology, orthopedics, and oncology. The global diagnostic imaging market is growing at a significant rate, due to mounting occurrence of chronic diseases and boosting number of diagnostic centers. Different product contributed to the diagnostic imaging marketsize. The market has witnessed a high demand for x-ray imaging systems in the coming years due to the mounting demand for mobile x-ray system, expanding the geriatric population and mounting occurrence of diseases and injuries. Expanding geriatric population, escalating funds, grants, and investments by government bodies for modernization imaging facilities, mounting demand for the diagnostic imaging procedure, technological developments in diagnostic imaging modalities, escalating alertness of early diagnosis of clinical disorders, and mounting inclination for minimally invasive treatment are the primary growth drivers for diagnostic imaging market

4. Global Diagnostic Imaging Market In addition, boosting investment from public-private organizations, refining healthcare infrastructure, mounting occurrence of chronic diseases and boosting the number of diagnostic centers are also facilitating the growth for the diagnostic imaging market. For instance, according to GLOBOCAN globally, approximately 14.1 million new cancer cases were diagnosed and there were 8.2 million cancer deaths in 2012. In addition, according to the World Health Organization (WHO), globally in 2015 approximately 8.8 million people died due to cancer. Moreover, approximately 70% of the deaths from cancer occur in low and middle-income countries. Geographically, North America is the largest diagnostic imaging market as in the region the occurrence of chronic diseases is increasing. For instance, according to GLOBOCAN in the U.S., approximately 1.6 million new cancer cases were diagnosed and there were 0.6 million cancer deaths in 2012. Expanding geriatric population, technological developments in diagnostic imaging modalities and mounting inclination for minimally invasive treatment are also up surging growth of the North American diagnostic imaging market.

5. Global Diagnostic Imaging Market Asia-Pacific is observed to witness the fastest growth in the market, due to mounting occurrence of chronic diseases. In addition, expanding the geriatric population, mounting medical tourism, improving healthcare infrastructure and mounting healthcare expenditure are also creating a positive impact on the diagnostic imaging market growth in the region. Key players in the diagnostic imaging market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In February 2016, Carestream introduced digital X-ray technology that delivers rapid access to diagnostic images. Carestream’s Cone Beam CT System helps physicians to assess players’ injuries during the matches. It is specially designed for orthopaedic imaging. GE Healthcare, Hitachi Ltd., Siemens AG, Samsung Medison, Carestream Health, Koninklijke Philips N.V., Esaote S.P.A, Shimadzu Corporation, Toshiba Corporation, and Fujifilm Holdings Corporation are the key players offering diagnostic imaging.

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