Market Overview:

Market Research Future (MRFR) has launched report on the global medical imaging market Analysis which is a compilation of all the pertinent trends and patterns that can impact the growth of the market over the forecast period of 2018-2023. MRFR's analysis has concluded that the medical imaging market is poised to capture a CAGR of 6.5% over the forecast period.

Increasing prevalence of various chronic diseases, cardiac diseases, and neurological diseases have resulted in increased demand for medical imaging services. Healthcare as a sector is growing exponentially across the world, with increasing investments being made in state of the art systems. Emerging economies are expected to make huge development in catching up to developed economies with regards to providing patients with advanced systems which are widely available. Several market leaders are involved in comprehensive research and development activities to offer further advancements in the highly competitive market. Additionally, there is a high preference and demand for minimally invasive treatments and diagnostic procedures. This combined with rising numbers of diagnostic imaging centers are likely to lead to surging growth for the global medical imagining market.

Presently, health care reforms have not caught up to healthcare trends, particularly in emerging and underdeveloped economies which will pose a challenge to the growth of the market. Moreover, medical imaging devices are expensive. However, emerging economies represent high promise and opportunities for growth in the coming years, and R&D activities will likely expand market value.

Market Segmentation:

The Global Medical Imaging Market is segmented based on product type, application, end-user, and region. By product type, the market is segmented into magnetic resonance imaging (MRI), X-Ray imaging systems, ultrasound imaging systems, nuclear imaging systems, and computed tomography (CT) scanners. The MRI segment is sub-segmented into low to mid-field MRI systems, high and very high field MRI systems, and ultra-high field MRI systems. Other sub-segmentations of key segments are provided in the report.

By application, the market is segmented into product type, and then further segmented by applications for each product type. Key segments include MRI systems, CT scanners, nuclear imaging systems, X-ray imaging systems, and ultrasound imaging systems. ultrasound systems are further segmented into obstetrics, general imaging, cardiology, urology, vascular, and others. Further sub-segmentation can be found in the report.

By end-user, the market is segmented into hospitals & clinics, research & academic institutes, diagnostic imaging centers, and others.

The MRI segment has been further segmented into high- and very-high field MRI systems (1.5T to 6T), low-to-mid-field MRI systems (<1.5T), and ultra-high-field MRI systems (7T and above).

The Computed Tomography (CT) scanners segment has been further segmented into high-slice CT scanners, mid-slice CT scanners, and low-slice CT scanners.

The ultrasound imaging systems segment has been further segmented into 2D imaging systems, 3D and 4D imaging systems, and Doppler imaging.

The nuclear imaging systems segment has been further segmented into spect systems and hybrid pet systems. The spect systems sub-segment has been further segmented into hybrid spect systems and Standalone Spect Systems.

By application, the medical imaging equipment manufacturers has been segmented into MRI Systems, CT scanners, nuclear imaging systems, X-Ray imaging systems, and ultrasound systems. The MRI systems segment has been further segmented into spine and musculoskeletal MRI, breast MRI, brain and neurological MRI, pelvic and abdominal MRI, cardiac MRI, and vascular MRI. The CT scanners segment has been further segmented into cardiology, neurology, oncology, pelvic and abdominal MRI, and others. The nuclear imaging systems has been further segmented into oncology, cardiology, neurology, and others. The X-ray imaging systems segment has been further segmented into dental, general radiography, mammography, and others. Ultrasound systems segment has been further segmented into obstetrics/gynecology, radiology/general imaging, cardiology, urology, vascular, and others.

By end-user, the medical imaging market has been segmented into hospitals and clinics, diagnostic centers, research and academic institutes, and others.

Regional Analysis:

The Americas, with their inclusion of North America, account for the most significant share of the global medical imaging market. The presence of a developed healthcare sector, swift adoption of technological advancements and the regions role in advancing the market are significant factors responsible for it's leading market position. Europe is the second most significant region due to high government support for advanced healthcare being made available to the regions patient population.

Meanwhile, the APAC market has a rapidly developing healthcare sector with the government's full support. The region is advancing rapidly in its adoption and demand for advanced healthcare and is expected to be a significant market in the future.

Competitive Landscape:

Shimadzu Corporation, Fujifilm Holdings Corporation, Hitachi Medical Corporation, Fonar Corporation, Philips Healthcare, Esaote SpA, Carestream Health, Inc., Samsung Medison Co. Ltd, Toshiba Corporation, Narang Medical Limited, GE Healthcare, Siemens Healthcare, and Hologic, Inc. are the eminent players in the medical imaging market.

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