Research and Markets Estimates Global Market for Medical Imaging Devices at $30.2 billion

November 25, 2013 — The global market for medical imaging devices is estimated to be at $30.2 billion, forecast to be $32.3 billion in 2014 and further projected to exceed $49 billion by 2020, thereby maintaining a compound annual growth rate (CAGR) of about 7 percent between 2010 and 2020, according to Research and Markets report, “Medical Imaging Devices — A Global Market Overview."

 

The medical imaging device industry has been evolving ever since its inception, with assurance of cost and clinical advantages offered furthering access to a range of imaging modalities in several medical applications. Demographics, such as an aging population pool, constitute a key factor in bolstering market growth, though device manufacturers are faced with the prospect of providing innovative and patient-friendly solutions that support enhanced safety and ease of operation.

 

Global trends have suggested a marked shift from the saturated North American and European markets to the more lucrative regions constituting the emerging economies of Asia-Pacific, Latin America and Central and Eastern Europe. For instance, the increasing prevalence of cardiovascular diseases has ensued in swelling demand for imaging modalities comprising equipment and software solutions in the critical clinical area. This has further underscored the requirement for technologically advanced medical imaging modalities, though uptake levels have been adversely impacted because of incongruity in deciding the imaging modality most appropriate for a specific cardiac disorder.

 

The report reviews, analyzes and projects the Medical Imaging Devices market for global and the regional markets. The regional markets further analyzed for 10 independent countries.

 

The major product segments of medical imaging devices analyzed in this study include computer tomography (CT), magnetic resonance imaging (MRI), positron emission tomography (PET), ultrasound, X-ray, nuclear imaging and picture and archiving communication systems (PACS).

 

This report profiles 39 key global players and 50 major players across the United States. It also provides the listing of the companies engaged in research, technology development, manufacturing and the supply of medical imaging devices. The global list of companies covers addresses, contact numbers and the website addresses of 495 companies.

 

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