Diagnostic Imaging Market Worth $27,115.4 Million by 2018 - New Report by MarketsandMarkets

New product launches and product developments are the key strategies adopted by major players to strengthen their positions in the global diagnostic imaging market. http://www.marketsandmarkets.com/Market-Reports/diagnostic-imaging-market-411.html

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MarketsandMarkets

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GE Healthcare, Hitachi Medical Corporation (Japan), Philips Healthcare (Netherlands), Shimadzu Corporation (Japan), and Siemens Healthcare (Germany)

(PRWEB) July 20, 2014

The report, “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,” analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).

This report studies the global diagnostic imaging market over the forecast period of 2013 to 2018. The market is expected to reach ~$27.1 billion by 2018 at CAGR of 4.7% from 2013 to 2018.

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Based on the type of diagnostic system, the global diagnostic imaging market is divided into five segments, namely X-ray imaging systems, Computed Tomography (CT) systems, ultrasound imaging systems, Magnetic Resonance Imaging (MRI) systems, and Nuclear Imaging systems (comprise SPECT and PET systems). Each of these segments is further sub-segmented. X-ray imaging systems and ultrasound imaging systems are further segmented into market by technology and portability. MRI systems are divided into market by architecture and field strength. The market for CT scanners is divided on the basis of type of slice.

The global diagnostic imaging market was dominated by GE Healthcare (U.K.), Philips Healthcare (Netherlands), and Siemens Healthcare (Germany) in 2012. With the largest share, GE Healthcare held the leadership position in the diagnostic imaging market in 2012. GE Healthcare’s business is spread across 100 countries in North America, Europe, Asia, Australia, and South America. GE offers products in various types of modalities, such as computed tomography (CT) scanners, GoldSeal refurbished systems, interventional image guiding systems, magnetic resonance imaging systems, molecular imaging systems, radiography systems, and ultrasound imaging systems. The company adopted the strategies of new product launches and collaborations to maintain its leadership position in the diagnostic imaging market.

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Siemens Healthcare (Germany) held the leadership position in the global X-ray imaging systems market in 2012. The company has a strong geographic presence and a robust product portfolio for X-ray imaging systems. The company adopted new product launches and collaborations as a key business strategy to uphold its leadership position in the X-ray imaging systems market. GE Healthcare followed Siemens in the X-ray imaging systems market at a close second position in 2012, and adopted the strategy of developing new and innovative products to increase its product offerings and market share. In X-ray imaging systems, digital imaging accounted for the largest share of the global X-ray imaging systems market in 2013 and is expected to grow at the highest CAGR during the forecast period.

As of 2013, North America held the largest share of ~34% of the global diagnostic imaging market, followed by Europe. However, the Asia-Pacific market is expected to grow at the fastest with CAGR of ~5.9% from 2013 to 2018. A number of factors such as increasing incidence/prevalence of various diseases (such as cancer and CVD), rising government initiatives for modernization of healthcare infrastructure, improvements in healthcare insurance coverage, and the growing number of ongoing research activities in Asian countries, are boosting the diagnostic imaging market in the Asia-Pacific region.

The major players in the diagnostic imaging market include GE Healthcare (U.K.), Hitachi Medical Corporation (Japan), Hologic, Inc. (U.S.), Philips Healthcare (Netherlands), Samsung Medison (South Korea), Shimadzu Corporation (Japan), Siemens Healthcare (Germany), and Toshiba Medical Systems Corporation (Japan).

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