Diagnostic Imaging Market by X-ray Systems (Digital, Analog, Portable), Computed Tomography, Ultrasound Imaging Systems (2D, 3D, 4D, Doppler), MRI Machines (Closed & Open), and Nuclear Imaging Systems (SPECT, PET, PET/CT) - Global Forecasts to 2018
http://www.reportlinker.com/p02074485/Diagnostic-Imaging-Market-by-X-ray-Systems-Digital-Analog-Portable-Computed-Tomography-Ultrasound-Imaging-Systems-2D-3D-4D-Doppler-MRI-Machines-Closed--Open-and-Nuclear-Imaging-Systems-SPECT-PET-PET/CT---Global-Forecasts-to-2018.html
The global diagnostic imaging market is estimated to grow at a CAGR of 4.7% and is expected to reach ~$27,115.4 million by 2018. Although the mature markets hold larger shares in diagnostic imaging, the Asia-Pacific region is expected to grow at the highest CAGR of 5.9%. The growth of the diagnostic imaging market is primarily triggered by factors such as the rapidly increasing aging population, improving healthcare facilities in the emerging countries of the Asia-Pacific and RoW regions, geographic expansion of market players across the globe, and the government initiatives to fulfill healthcare needs. However, factors such as high cost of diagnostic imaging systems, growing preference of hospitals towards refurbished devices due to budget constraints, and reimbursement cuts in mature regions are restraining the growth of the diagnostic imaging market. Growing public-private investments by market players in the emerging regions of Asia-Pacific and RoW are creating opportunities for the growth of the diagnostic imaging market in these regions.
Based on the type of modalities, the global diagnostic market is categorized into five segments, namely, X-ray imaging systems, computed tomography (CT) systems, ultrasound systems, magnetic resonance imaging (MRI) systems, and Nuclear imaging systems. Nuclear imaging systems are further divided into Single Photon Emission Computed Tomography (SPECT) and Positron Emission Tomography (PET). X-ray imaging systems held the largest share of the global diagnostic imaging market and are poised to grow at a CAGR of 4.2% in the forecast period. Factors such as the increasing number of new product launches by market players to increase their product portfolios and strategic collaborations to offer expanded capabilities to customers for X-ray imaging systems are stimulating the growth of the global X-ray imaging systems market.
Geographically, North America (comprising the U.S. and Canada) accounted for the largest share of ~34% of the global diagnostic imaging market, followed by Europe. The diagnostic imaging market in the North American market is primarily driven by various factors, including the high incidence/prevalence of various diseases (such as cancer and CVD), the large number of diagnostic imaging centers/procedures in this region, the large number of ongoing research activities, and faster adoption of technologically advanced imaging systems. However, the Asia-Pacific region is poised to grow at the highest CAGR of 5.9% in next five years, owing to factors such as increasing government initiatives for modernization of healthcare infrastructure, improvements in healthcare insurance coverage, and the growing number of ongoing research activities in these emerging regions.
The global diagnostic imaging market is highly competitive, with a large number of global as well as local market players. GE Healthcare (U.K.), Philips Healthcare (Netherlands), and Siemens Healthcare (Germany) dominated the global diagnostic imaging market in 2012. New product launch and product development are the key growth strategies adopted by market players. Along with these strategies, expansion, partnerships, agreements, and collaborations were also adopted by a significant number of market players to strengthen their product portfolio and expand their geographic presence.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis such as market share analysis; market segmentation on the basis of types of modality; geographic analysis and company profiles, which together comprise and discuss basic views on competitive landscape, emerging and high growth segments of the diagnostic imaging market, high growth regions, government initiatives, and restraints, drivers, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on product portfolios and services offered by the major 10 players in the diagnostic imaging market. The report analyzes diagnostic imaging systems based on the type of modalities and sub-segments across geographies
• Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the diagnostic imaging market
• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various diagnostic imaging systems across geographies
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the diagnostic imaging market
• Competitive Assessment: In-depth assessment of market shares, strategies, products and services, distribution networks, and manufacturing capabilities of leading players in the diagnostic imaging market
1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 REPORT DESCRIPTION 19
1.3 MARKETS COVERED 21
1.4 STAKEHOLDERS 22
1.5 MARKET SCOPE 23
1.6 RESEARCH METHODOLOGY 23
1.6.1 MARKET SIZE ESTIMATION 25
1.6.2 MARKET CRACKDOWN & DATA TRIANGULATION 27
1.6.3 MARKET SHARE ESTIMATION 27
1.6.4 KEY DATA POINTS FROM SECONDARY SOURCES 28
1.6.5 KEY DATA POINTS FROM PRIMARY SOURCES 28
1.6.6 ASSUMPTIONS 29
2 EXECUTIVE SUMMARY 30
3 PREMIUM INSIGHTS 34
4 MARKET OVERVIEW 39
4.1 INTRODUCTION 40
4.2 MARKET SEGMENTATION 41
4.3 MARKET DYNAMICS 42
4.3.1 DRIVERS 43
4.3.1.1 Increasing investments, funds, and grants by government bodies worldwide to foster diagnostic imaging 43
4.3.1.2 Investments by public-private partnerships to modernize diagnostic imaging centers 43
4.3.1.3 Increase in the number of private diagnostic centers to improve diagnostic imaging services 44
4.3.1.4 Rising number of cancer patients responsible for increasing the number of diagnostic procedures 45
4.3.1.5 Increasing prevalence of diseases associated with the growth in the aging population is driving the demand of various diagnostic imaging modalities 45
4.3.1.6 Technological advancements in diagnostic imaging modalities fulfilling the needs of physicians and clinicians 46
4.3.2 RESTRAINTS 47
4.3.2.1 Risk of high radiation exposure to curb the usage of CT scanners 47
4.3.2.2 Shortage of helium to have dire consequences for MRI manufacturers and healthcare facilities 48
4.3.2.3 High cost of diagnostic imaging systems affecting their rate of adoption in emerging markets 49
4.3.2.4 Technological limitations associated with standalone systems adversely affecting their usage in various applications 49
4.3.3 OPPORTUNITIES 50
4.3.3.1 Improving healthcare infrastructure in emerging markets 50
4.3.3.2 Low-cost, technologically advanced imaging systems with applications in multiple fields will help to tackle the increasing imaging procedures in hospitals with low budgets 51
4.3.4 CHALLENGES 52
4.3.4.1 Hospital budget cuts posing as a key challenge to the market players 52
4.3.4.2 Increasing adoption of refurbished diagnostic imaging systems is adversely impacting the market growth 52
4.4 BURNING ISSUES 53
4.4.1 DRASTIC REIMBURSEMENT CUTS TO NEGATIVELY AFFECT REVENUES OF STANDALONE IMAGING CENTERS AND PATIENT OUTCOMES 53
4.4.2 SHORTAGE IN SUPPLY OF TECHNETIUM-99M IS EXPECTED TO IMPEDE THE GROWTH OF SPECT SYSTEMS MARKET IN COMING YEARS 54
5 DIAGNOSTIC IMAGING MARKET, BY PRODUCT 55
5.1 INTRODUCTION 56
5.2 X-RAY IMAGING SYSTEMS 57
5.2.1 X-RAY IMAGING SYSTEMS MARKET, BY TECHNOLOGY 58
5.2.1.1 Digital imaging 60
5.2.1.1.1 Computed radiography 63
5.2.1.1.2 Direct radiography 65
5.2.1.2 Analog imaging 66
5.2.2 X-RAY IMAGING SYSTEMS MARKET, BY PORTABILITY 68
5.2.2.1 Stationary X-ray devices 69
5.2.2.1 Portable X-ray devices 69
5.3 COMPUTED TOMOGRAPHY (CT) SCANNERS 71
5.3.1 COMPUTED TOMOGRAPHY (CT) MARKET, BY TYPE OF SLICE 72
5.3.1.1 High-end slice CT scanners 73
5.3.1.2 Mid-end slice CT scanners 74
5.3.1.3 Low-end slice CT scanners 76
5.4 ULTRASOUND IMAGING SYSTEMS 77
5.4.1 ULTRASOUND IMAGING SYSTEMS MARKET, BY TECHNOLOGY 78
5.4.1.1 2D imaging systems 80
5.4.1.2 3D and 4D imaging systems 81
