Diagnostic Imaging Market Size to Grow Substantially at a ~5.3% CAGR with Top Countries Data
Demand Analysis of Diagnostic Imaging Market Overview:
Factors attributing to the growth of the diagnostic imaging market include the rising adoption of artificial intelligence (AI) in diagnostic imaging, technological advancements in imaging systems, and new product launches. Moreover, growing awareness for early diagnosis of diseases, the increasing number of imaging-based procedures across the globe, and rising investments by public-private organizations are some of the other factors boosting the growth of the diagnostic imaging market. However, the high cost of imaging systems, increasing regulatory burden, and dearth of skilled professionals for handling advanced imaging systems are likely to hinder the market growth.
The global diagnostic imaging market was pegged at ~US$ 27.05 billion in 2020. The market is expected to witness a CAGR of ~5.3% from 2021 to 2031.
The growing aging population and increasing incidence of heart diseases, cancer, and traumatic injuries & fractures across the globe are some of the major factors driving the growth of the diagnostic imaging market. According to WHO, cardiovascular diseases (CVDs) are the leading cause of death globally, accounting for an estimated 17.9 million lives each year, i.e. an estimated 31% of all deaths worldwide. According to the CDC, one person dies every 36 seconds in the U.S. from cardiovascular disease.
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Key players:
Koninklijke Philips N.V., Siemens Healthcare Private Limited, General Electric Company, Hitachi, Ltd., Hologic, Inc., Canon Medical Systems Corporation, Shimadzu Corporation, FUJIFILM Holdings Corporation, Carestream Health, and Curvebeam, among others.
Segmentation By Product:
• Magnetic Resonance Imaging (MRI) Systems
• X-ray Imaging Systems
• Ultrasound Systems
• Computed Tomography (CT) Scanners
Regional Analysis-
• The Asia-Pacific market is anticipated to grow at a higher CAGR during the forecast period.
• Major factors contributing to the growth of Diagnostic Imaging market in this region include the rising incidence of chronic infectious diseases, rising awareness regarding growing applications of Diagnostic Imaging, and increasing research activities in the field of Diagnostic Imaging
• The emergence of local players and new product launches has also played a critical role in boosting the Diagnostic Imaging market in this region. Browse the full report now: https://growthplusreports.com/report/diagnosticimaging-market/7688
Key Questions Answered in the Report Include:
(1) This report gives all the information about the industry analysis, revenue, and overview, of this market.
(2) What will be the rate of increase in market size and growth rate by the end of the forecast period?
(3) What are the major global Diagnostic Imaging Market trends influencing the development of the market?
(4) What are the vital results of SWOT analysis of the major players operating in the Diagnostic Imaging Market?
(5) What are the potential growth opportunities and threats faced by Major competitors in the market?
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