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Healthcare Industry Initiatives taken to Curb Chronic Diseases will Drive Global Diagnostic Imaging Devices Market Phenomenally

Article Description

Diagnostic imaging devices allow healthcare experts to view inside the body for clues of a medical condition. These devices play a crucial role in timely
diagnosis of the root cause of an ailment so that the course of treatment for the condition can be planned. The type of imaging to be used depends on
symptoms and body part which is to be examined.

Medical imaging comprises services provided by radiologists, radiographers, medical physicists, and biomedical professionals who use high quality imaging
equipment for accurate results.

These devices or equipments are used for imaging a patient’s body so that timely and accurate diagnosis can be obtained to design a proper treatment for

The global diagnostic imaging devices market is expected to grow from US$26,477.1
million in 2014 to US$35,793.4 million in 2020, to exhibit progress at a CAGR of 5.2% between 2013 and 2020.

Technological Advancements and Government Initiatives to Propel Global Diagnostics Imaging Devices Market

The growing prevalence of chronic diseases worldwide has compelled the healthcare industry to adopt measures to curb the incidence of their occurrences. To
check the rising incidence of chronic ailments, non-profit healthcare institutions, medical devices manufacturers, and healthcare industry have increased
their efforts. This in return is propelling the global diagnostic imaging devices market.

Moreover, increasing government initiatives, and support programs to curtail prevalence of life-threatening diseases such as cancer, tuberculosis, and
cardiovascular diseases is contributing considerably to the growth of the global diagnostic imaging devices market. Increased investment by government
agencies is also driving demand in the market.

However, stringent regulations and risk of developing cancer due to long-term contact with radiation are the toughest challenges faced by the diagnostic
imaging devices market. Nevertheless, increased initiatives adopted by key players to develop and design diagnosis techniques to ensure accuracy in
examination of chronic diseases and globally rising geriatric population are expected to create lucrative opportunities for the market.

The global diagnostic imaging devices market is segmented on the basis of devices which comprise X-ray, magnetic resonance imaging (MRI), nuclear imaging
system, ultrasound, computed tomography (CT) scanner, and others. X-ray imaging devices accounts for the largest share in the global diagnostic imaging
devices market. This segmenbt is followed by ultrasound systems, CT devices, and MRI.

The ultrasound segment was estimated at US$6,146.7 million in 2014 and is expected to reach US$8,363.4 million in 2020 growing at a CAGR of 5.3% between
2013 and 2020. The CT systems segment is divided on the basis of slice, namely middle-end slice CT scanner, low-end slice, and high-end slice CT scanner.

High Adoption of Advanced Healthcare Solutions to Fuel North America Diagnostic Imaging Devices Market

Based on geography, the global diagnostic imaging devices market is segmented into North America, Asia, Europe, and Rest of the World (RoW). North America
dominates the global diagnostic imaging devices market attributed to increasing geriatric population, wide range of infrastructure for diagnostic imaging,
high incidence of life-threatening diseases, and intensive research activities.

Further, increased government initiatives, rising adoption of advanced healthcare solutions and improved healthcare insurance for diagnostic imaging has
led various players operating in the region to invest significantly in emerging markets such as India and China. The rising demand for diagnostics owing to
rising prevalence of chronic diseases is driving the diagnostic imaging devices market in Asia Pacific.

Browse the full Global Diagnostic Imaging Devices Market report at