BRIC Diagnostic Imaging Equipment Market worth $7.6 Billion by 2018

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BRIC Diagnostic Imaging Equipment Market worth $7.6 Billion by 2018

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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 http://www.marketsandmarkets.com/Market-Reports/Diagnostic-Imaging-242.html Early buyers will receive 10% customization in this report 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.

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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 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.

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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, factors such as high cost of diagnostic imaging systems, side-effects of radiations, and financial budget constraints with small and medium sized healthcare service providers are restraining the growth of the BRIC diagnostic imaging equipment market. Furthermore, the rising demand for refurbished systems and stringent tax policies are major challenges faced by market players in BRIC countries.

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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.

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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