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Medical Imaging Market 2019: Comprehensive Analysis by Top Key Companies, Industry Growth, Size, Share, Market Insights, Sales Volume and Forecast to 2024

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The “Medical Imaging Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Medical Imaging market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Medical Imaging market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The major factors augmenting the growth of the medical imaging market include the rise in the prevalence of chronic diseases, increased adoption of advanced technologies in medical imaging, and rise in the geriatric population.
  • The burden of chronic diseases is on the rise globally, and medical imaging procedures play a crucial role in the accurate diagnosis of chronic diseases. The increase in the aging population and changes in societal behavior are contributing to a steady increase in these common and costly long-term health problems. Most of the deaths by chronic diseases are attributable to cardiovascular diseases, obesity, and diabetes. According to WHO, the global burden of chronic diseases is expected to reach 57% by 2020. The most affected would be the emerging markets, as the population growth is anticipated to be most significant in developing areas.
  • New models for therapy and diagnoses are being developed, which provide precise results, help in early detection of diseases, and help minimize the cost of treating these diseases. With the increasing disposable income, people are becoming capable enough to have access to imaging procedures for early detection of diseases.
  • Furthermore, the medical imaging field has advanced at a great pace, stimulated by advances in digital and communication technologies. New imaging techniques that reveal greater anatomical details are available in most of the diagnostic labs and hospitals. The aim is to improve access and precision, decrease cost, and make the impact of radiation less harmful. The trend is shifting from fixed to portable equipment. For example, until recently, size and electricity requirement have hindered the proper use of ultrasound. Today, smaller ultrasound equipment can provide color-flow Doppler imaging, relying on battery power solely.

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    In Medical Imaging Market Report, Following Companies Are Covered:

  • Canon Medical Systems Corporation
  • Carestream Health Inc.
  • Esaote SpA
  • FUJIFILM Holdings Corporation
  • GE Healthcare
  • Hitachi Medical Systems
  • Hologic Corporation
  • Koninklijke Philips N.V.,
  • Shimadzu Medical
  • Siemens Healthineers

    Medical Imaging Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • As per the , the medical imaging market covers a wide array of medical devices used for diagnostic purposes. It has a vast range of applications in a variety of oncological, orthopedic, gastro- and gynecological fields. With advanced healthcare facilities and growing healthcare expenditure, North America is expected to dominate this market, followed by the European region. The market is segmented by product type, application, and geography.

    Reasons for Buying Medical Imaging Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Oncology Segment under Application is expected to Account for Largest Market Share during the Forecast Period

    Oncology deals with diagnosis and treatment of tumors and cancers, which is one the leading causes of morbidity and mortality. Among both sexes, lung, breast, and colorectal cancers are among the most common cancers in the world with lung cancer alone contributing to more than 13% of the total cases diagnosed.

    According to WHO, cancer was responsible for 8.8 million deaths in 2015, including nearly 1 in 6 deaths globally. In addition, one-third of deaths are due to high body mass index, low fruit and vegetable intake, lack of physical activity, tobacco use (includes approximately 22% of cancer deaths), and alcohol use. Additionally, there are several minor side effects, such as nausea, headaches, dry mouth, diarrhea, allergic reaction, and others, as well as some major side effects, such as kidney disease, dementia, and others associated with its use, which can affect the adoption rate, and hence can be a restraining factor in the market.

    Medical imaging plays a vital role in interventional oncology (with rising opportunities to diagnose and treat in a targeted and minimally or non-invasive manner) as well as in chemo and radiation therapy. Tools, such as CT, are the highly beneficial and preferred method of imaging for many conditions, including trauma patients. Comparatively, PET is mostly preferred as compared to SPECT, and there are hybrid medical devices also available such as PET/CT or PET/MRI.

    North America accounted for the Largest Share in the Global Market

    North America is found to hold a major share of the medical imaging market and is expected to show a similar trend over the forecast period, without significant fluctuations. The United States contributes to the major share in the medical imaging market, which can be attributed to the increasing technological advances, higher affordability rates from the population, and the number of diagnostic procedures increasing on a yearly basis. According to OECD, till 2007, the number of MRI units being available per one million of the population was 25.9. The volume rose to approximately 39 by 2015, reported as of 2017, including 20.3 in ambulatory services and 18.7 in hospitals. MRI diagnostic is a growing field, both in terms of the number of the installed scanner and in the number of scans being performed. Based on the data by OECD, the United States is one of the leaders, second only to Japan, both in terms of availability and utilization.

    Hence, with the presence of well-established healthcare facilities, increasing demand for advanced healthcare systems among the aging population, and increasing prevalence of chronic diseases, the market is expected to grow in the forecast period.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Medical Imaging create from those of established entities?

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    Detailed TOC of Medical Imaging Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Rise in the Prevalence of Chronic Diseases
    4.2.2 Increased Adoption of Advanced Technologies in Medical Imaging
    4.2.3 Increase in the Geriatric Population
    4.3 Market Restraints
    4.3.1 Expensive Procedures and Equipment
    4.3.2 Side Effects of Diagnostic Imaging
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 X-Ray Equipment
    5.1.1.1 Stationary
    5.1.1.2 Portable
    5.1.2 Fluoroscopy
    5.1.2.1 Fixed Fluoroscope
    5.1.2.2 Mobile Fluoroscope
    5.1.3 MRI
    5.1.3.1 Closed Systems
    5.1.3.2 Open Systems
    5.1.4 Ultrasound
    5.1.5 Computed Tomography
    5.1.6 Other Imaging Modalities
    5.2 By Application
    5.2.1 Cardiology
    5.2.2 Oncology
    5.2.3 Neurology
    5.2.4 Orthopedics
    5.2.5 Gastroenterology
    5.2.6 Gynecology
    5.2.7 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Canon Medical Systems Corporation
    6.1.2 Carestream Health Inc.
    6.1.3 Esaote SpA
    6.1.4 FUJIFILM Holdings Corporation
    6.1.5 GE Healthcare
    6.1.6 Hitachi Medical Systems
    6.1.7 Hologic Corporation
    6.1.8 Koninklijke Philips N.V.,
    6.1.9 Shimadzu Medical
    6.1.10 Siemens Healthineers

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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