Report Description
Albany, New York, May 6, 2015 : Market Research Reports Search Engine (MRRSE) has announced the addition of a new research report based on the global diagnostic imaging devices market. The report states that the global market is expected to expand moderately at a CAGR of 5.2% between 2014 and 2020 and reach a value of US$35,793.4 million by 2020. The market for diagnostic imaging devices amounted to US$26,477.1 million in 2014.
According to this report, titled “Global Market Study on Diagnostic Imaging Devices: Asia-Pacific to Witness Highest Growth by 2020” and published by Persistence Market Research (PMR), the increasing geriatric population base around the world coupled with the rising incidence of chronic diseases and injuries is the main factor behind the development of the global diagnostic imaging devices market.
Further, the rising awareness regarding the advantages of early detection of diseases, availability of technically advanced diagnostic imaging devices and increased support from government organizations is stimulating the growth of this market. However, the diagnostic imaging devices market is facing a tough challenge from the heightened risk of cancer caused by radiation produced by the diagnostic imaging devices. The lack of helium for magnetic resonance imaging (MRI) systems and strict regulatory standards are also major concerns for the global diagnostic imaging devices industry, according to the report.
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Scope
According to industry experts, the Asia Pacific region is expected to play a vital role in the growth of the diagnostic imaging devices market. The two countries leading this upward trend will be India and China due to their huge population base, awareness about diseases, adoption of these diagnostic imaging devices by healthcare institutions, and a generous government funding.
Key Players
Some of the other key players in this market are Carestream Health Inc., Toshiba Corporation, Hitachi Ltd., Samsung Electronics Co. Ltd., General Electric Company, and Koninklijke Philips N.V.
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