Albany, NY (PRWEB) December 12, 2014
The report states that the global diagnostic imaging market will grow at a steady pace of an estimated CAGR 5% between 2014 and 2020, and attain market value worth more than US$35 billion by the end of 2020.
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The report states that a number of factors are fueling the global diagnostic imaging market, including: rising applications of diagnostic imaging in a variety of medical procedures; rising awareness about early diagnosis in developing countries; rising number of research activities across the globe; increasing prevalence of diseases such as a variety of cancers, neurological and cardiovascular disorders; favorable investments in emerging markets.
However, factors such as risk of radiation exposure with diagnostic imaging systems, high cost of these systems, the scant coverage of healthcare insurance for diagnostic procedures, scarcity of helium for MRI systems, and saturated markets could exert a downward pressure to growth of the overall market.
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The report segments the global diagnostic imaging market based on the diagnostic imaging technology, most popular applications of diagnostic imaging systems, and chief regional diagnostic imaging markets from a geographic standpoint.
Amongst the various diagnostic imaging technologies/modalities available in the market, the market segment X-ray examination remains the most widely preferred imaging method. Throughout the globe, nearly 100 million X-ray exams are held annually. Markets of other diagnostic imaging technologies such as SPECT, PET, CT, nuclear medicine, MRI are also studied by the report. The report states that the usage of CT scan systems will increase at the fastest pace during the forecast period owing to the rising population of geriatric people and increasing prevalence of a variety of chronic health conditions across the globe.
Based on the most popular applications of diagnostic imaging systems, the report segments the global market into cardiovascular diseases, neurological disorders, oncology, abdominal imaging, orthopedic disorders, lung disorders, and others. Amongst these application areas, the segment oncology is expected to register growth at the highest pace during the forecast period.
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Amongst the various regional territories of the global diagnostic imaging market studied by the report, the segment North America held the largest market shares during the review period, followed by the European market. However, during the forecast period, the Asia-Pacific regional market is expected to grow at the fastest pace owing to the huge volume of geriatric population residing in these regions, favorable research funding by governments and the rising incidences of academic and industrial partnerships in the field of pre-clinical research.
Some of the chief businesses operating in the global diagnostic imaging market include Philips Healthcare (Netherland), Analogic Corporation (U.S.), Samsung Medison (South Korea), Toshiba Medical Systems Corporation (Japan), Hologic, Inc. (U.S.), Carestream Health, Inc. (U.S.), Hitachi Medical Corporation (Japan), GE Healthcare (U.K), Shimadzu Corporation (Japan), and Siemens Healthcare (U.S.).
Global Hearing Aid Market Report: 2014 Edition
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The global hearing aid market has a unique mix of dynamism and moderate growth at the same time. The market is dynamic in terms of technological development and innovation while at the same time, it suffers from weaker growth. On the up side, the market is supported by full and/or partial reimbursement programs in most of the developed world, rising proportion of elderly population (especially across the OECD), increasing expenditure on healthcare on a global scale and rising prevalence of hearing loss. On the down side, rising out-of-pocket hearing aid expenditure, price pressure and lower social acceptance remain the chief challenges for the market. However, cochlear implants and bone-anchored hearing systems have emerged as the two bright spots within the hearing aid market.
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The report on global hearing aid market contains a comprehensive analysis of the global hearing instruments industry along with the study of the regional markets including the US, the UK, Japan, France, Germany and China while focusing on the major segments. An intense competition is observed among few major players; Sonova, William Demant, Siemens, and GN ReSound; of the hearing aid industry. Moreover, competitive landscape in terms of geographical comparison, organic growth comparison, product portfolio comparison, along with company profiles of the leading players in the market is included in this report.
Global Radiopharmaceuticals/Nuclear Medicine Market Analysis - Trends & Forecast To 2020
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Nuclear Medicine plays a key role in clinical decision making and is becoming an increasingly popular diagnosis and treatment method for patients. It is one of the advanced molecular imaging technologies that are gaining prominence and radio therapy is expected to dominate in the future with rise in number of emerging alpha radiation therapy. Radiopharmaceutical/Nuclear medicine global market is expected to grow at a CAGR of more than 5.5% to reach around $9 billion by 2020. Global radiopharmaceutical market is mainly classified into type (diagnosis & therapeutics), applications and end-users. The global market by diagnosis is further divided into SPECT and PET while therapeutics market is segmented into alpha, beta and brachytherapy. Diagnosis is the largest segment, accounting for more than 85% of global market share in 2013.
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The radiopharmaceutical market has been analyzed from both the radiopharmaceuticals processors’ and generator manufacturer’s perspectives. It has been identified that shifting from HEU to LEU is the major strategy in the processors market, while strengthening the supply chain of radiopharmaceuticals is the prime concern for the generator manufacturers. Huge capital investment for the infrastructure and FDA approval for the radio pharmaceuticals are restraining the wide application of nuclear medicine.
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