The global medical imaging equipment market is moderately consolidated in nature and is expected to remain in the similar scenario throughout the forecast period, stated a new market research study by Transparency Market Research. Some of the leading players operating in the global market are Philips Healthcare, GE Healthcare, Siemens Healthcare, and CareStream Health, Inc. In 2014, the above mentioned players collectively accounted for a share of 51% of the global medical imaging equipment market. The healthy competition among the leading players in terms of cost of product will be seen in the next few years. The key players in the market are focusing on research and development activities for the expansion of product portfolio, which is likely to generate potential growth opportunities in the next few years.
According to the market research study by Transparency Market Research, in 2013, the global market for medical imaging equipment was worth US.70 bn. The market is projected to reach US.30 bn by the end of 2022, exhibiting a 5.60% CAGR between 2015 and 2023.
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- North America to Remain Dominant in Global Medical Imaging Equipment Market
Among the regional segments, North America is expected to witness a high growth throughout the forecast period. In the last few years, this region accounted for a large share of the global market and is projected to remain in this position for the next few years. The high growth of this region can be ascribed to the rising demand for enhanced imaging devices. In addition to this, the development of the healthcare infrastructure, which has resulted in a high demand for technologically-advanced medical imaging equipment is predicted to accelerate the growth of the overall market in the coming years. As per the research study, North America is anticipated to register a 4.60% CAGR between 2015 and 2023.
This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Medical Imaging Equipment Market (Product – X-Ray Devices (Stationary, Portable) Ultrasound Systems (Cart/Trolley Based Ultrasound System, Compact/Portable Ultrasound System) Computed Tomography (CT) Scanners (Stationary, Mobile) Magnetic Resonance Imaging (MRI) Equipment (Closed, Open) Nuclear Imaging Equipment (SPECT Scanner, PET Scanner)) ; Trends and Forecast 2015 – 2023.”
