Global Diagnostic Imaging Market is expected to reach US$ 35.67 Bn by 2024 from US$ 23.78 Bn in 2016 at CAGR of 5.0% (Detailed analysis of the market CAGR is provided in the report). 
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The prevalence of chronic diseases pertaining to respiratory, brain, and cardiovascular conditions is increasing. The increasing geriatric population along with the sedentary lifestyle is further facilitating the incidence of these chronic diseases. Based on data published by the World Health Organization (WHO), about 31.0% of the population was affected with cardiovascular diseases in 2016. With the rising number of cases, the demand for diagnostic imaging systems is expected to grow as these systems help in early detection of the diseases. Major factors driving the growth of this industry is increasing demand for early-stage diagnosis of chronic disease and rising ageing demographics, which is expected to boost the demand for diagnostic imaging across the globe. Global Diagnostic Imaging Market is segmented by products, applications, end-user, and geography. Application segment is sub-segmented as OB/GYN, MSK, Cardiology, and Oncology. Cardiology application segment is estimated to hold the largest market share in the forecast period due to rising incidences of chronic diseases year by year. Products segment is bifurcated as X-ray Imaging, MRI, Ultrasound, CT, and Nuclear Imaging. X-ray system segment is expected to register the highest growth during the forecast period, owing to the increasing prevalence of orthopaedic injuries and accidents and the demand for point of care testing, which is facilitating the sale of portable devices. The end-user segment is further sub-segmented as Hospitals and Imaging Centers. The market based on geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Advancement in the medical and diagnostic imaging devices have enhanced the diagnosis and treatment of diseases such as cardiovascular and cancer, and are also expected to support market growth. North America is expected to dominate the Diagnostic Imaging Market in forecast period followed by APAC and Europe. The factor coupled with ageing population and rise of chronic diseases in the U.S and Canada is expected to drive the growth of the medical imaging industry in the region.
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Diagnostic Imaging Market:WiseGuyReports.com adds “Global Diagnostic Imaging Market Research Report 2020 Analysis and Forecast 2027” reports to its database.Executive SummaryGlobal Diagnostic Imaging Market is valued approximately USD 25.70 million in 2019 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2020-2027.
The anatomy of the human body is taken using electromagnetic radiation for accurate diagnosis of the patient having applications in multiple medical fields such as cardiology, oncology, orthopedics and neurology.
Thus, the growing geriatric population along with rising number of chronic diseases has led the adoption of Diagnostic Imaging across the forecast period.
As per World health organization, by 2050 the world’s population which is aged above 60 years is expected to reach 2 billion up from 900 million in 2015.
Doubling from 12% to 22% while by 2020 the global burden of chronic diseases is expected to reach 57%.
Also, with the healthcare expenditure increasing at a substantial rate across the world and advancement in the medical technology owing to the demand for early diagnosis of the diseases and rapid treatment is expected to fuel the demand for Diagnostic Imaging.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5421583-global-diagnostic-imaging-market-size-study-by-productThe regional analysis of global Diagnostic Imaging market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
Diagnostic Imaging Market Share: Information by Product Type (X-Ray Equipment, Ultrasound Imaging Systems, and Others), Application (Gynecology, Oncology, Orthopedics, and Others ), End-User (Hospitals and clinics, and Others)—Global Forecast till 2023The Global Diagnostic Imaging Market is witnessing increasing prospects that can guide the Diagnostic Imaging Market towards a CAGR 6.2% and it would happen during the forecast period of 2018 to 2023, as per the latest published report by Market Research Future (MRFR).This report charts the course of the diagnostic imaging market and reveals possibilities in terms of factors and demography.
Rising number of geriatric population, increasing registration of chronic disease patients, better technological inclusion, and others are expected to impact the market in the coming years.
Governments are also ensuring a steady influx of investments that can trigger growth in research scopes that can impact better innovations.The Global Diagnostic Imaging Market Share is expected to grow during the forecast period (2018–2023) at a CAGR ~6.2%.However, the machines are quite costly, which can be a growth-deterring factor in developing regions.
In several cases, unfavorable reimbursement policies are distracting patients from availing such services, which can be a hurdle for the market.Competitive Analysis:Many of the key players in the global diagnostic imaging market are launching their own strategic schemes to make sure that they do not lag behind in the market.
This includes primarily areas like mergers and acquisitions with special focus on product launches and innovations.
These companies are Carestream Health, Esoate SpA, Hitachi Medical Systems, Koninklijke Philips N.V., CANON MEDICAL SYSTEMS CORPORATION, Toshiba Medical Systems Corporation, GE Healthcare, Siemens Healthcare Private Limited, FUJIFILM Holdings Corporation, Hologic Inc., and Shimadzu Corporation.In December 2019, Fujifilm announced that they are getting ready to buy Hitachi’s diagnostic imaging system to expand their own portfolio.Segmentation:The global diagnostic imaging market, as it has been discussed in the MRFR report, includes product type, application, and end-user to ensure that the players get a proper scope to get themselves armed with the latest market dynamics and insights.By product type, the market for diagnostic imaging can be studied by having it segmented into ultrasound imaging systems, x-ray equipment, computed tomography (CT) scanners, magnetic resonance imaging (MRI), nuclear imaging systems, and other products.By application, the market for diagnostic imaging has been segmented into oncology, gynecology, cardiology, orthopedics, neurology, gastroenterology, and other applications.
Market HighlightsThe Global diagnostic imaging market is projected to grow at a CAGR of 6.2% over the forecast period.
In recent years, diagnostic imaging services improved their efficiency and accuracy for the of various acute and chronic diseases including cardiovascular diseases and cancer.
Additionally, increasing demand for diagnostic imaging devices and development expenditure by the government as well as private sector is likely to contribute to the market growth.
As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R) was Euro 33.1 billion (USD 35.2 billion) in the UK.
However, high cost of diagnostic imaging devices and unfavorable reimbursement policies may hamper the market growth during the assessment period.Get Latest Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/6765Key PlayersSome of the prominent players in the global diagnostic imaging services market are Center for Diagnostic Imaging (CDI), Medquest Associates Inc./Novant Health, Simonmed/Dignity Health, Touchstone Imaging, Alliance Medical, Medica Group, Sonic Healthcare, Global Diagnostics, Consensys Imaging Service, Inc., Progressive Radiology, Concord Medical Services Holdings Limited, Alliance Healthcare Services, InHealth Group and others.
SegmentationThe Global diagnostic imaging services market has been segmented into procedure, application, and service provider.By procedure, the market has been segmented into X-ray, Computed Tomography, Ultrasound, MRI (Magnetic Resonance Imaging), Nuclear Imaging, Radiography and others.
