(MoneyNewsWire.Net, January 10, 2018 ) According to the report Diagnostic Imaging Market, published by Market Data Forecast, the Global market is projected to reach USD 40.83 billion by 2022, at a CAGR of 6.6% from 2017 to 2022.
Diagnostic Imaging is the process of producing a visual image of the anatomy and physiology of the internal organs to observe any abnormalities or irregularities, then proceed for medical intervention. This method has evolved the way many diseases and injuries are spotted, diagnosed and then treated. This technology is applied in many medical areas like cardiology, neurology and orthopaedics.
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Diagnostic Imaging Market: Drivers & Restraints
Factors accountable for the growth of market are increasing prevalence of cancer, several type of disorders, rise in congnizance for prompt diagnosis, recent development in the imaging technologies enabling to use specialised techniques for different medical areas and developing healthcare infrastructure.
On the other hand, expensive procedures and high equipment costs, some side effects caused by the imaging techniques are the factors hindering the growth of market.
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Diagnostic Imaging Market: Segmentation
• X Rays
o Portable X Rays
o Handheld X Rays
• Nuclear Medicine
o PET Imaging
o SPECT Imaging
o Doppler Imaging
• Photoacoustic Imaging
• Tactile Imaging
• Functional near IR spectroscopy
• North America
o United States
o South Korea
• Latin America
o Rest of Latin America
• Middle East & Africa
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Diagnostic Imaging Market: Overview
Based on Type, Tomography is estimated to hold the major share in the market due to high prevalence of cancer and the imaging increases the chances of cancer discovery and decreases the amount of further tests required thereby being economic as well as time saving. The 3D imaging system is expected to grow the fastest due to recent advancements in technology and a clearer view of abnormality or irregularity.
Regionally, North America dominated the Diagnostic Imaging market due to the presence of a sophisticated healthcare system and increasing funding for research and development activities. Asia Pacific is expected to grow the fastest due to increasing adoption rate and increasing presence of the market players.
Diagnostic Imaging Market: Key Players
Companies are showing a strong interest in enhancing image quality by developing new technologies and creating new devices or novel techniques to achieve images with higher spatial resolution. Imaging will continue to progress and provide an important set of tools for clinical study, drug development, and disease diagnosis. The major companies dominating the Diagnostic Imaging market are GE Healthcare, Siemens Healthcare, Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Hologic Inc., Fujifilm Corporation, and Shimadzu Corporation.
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