The Medical Imaging Equipment Market is likely to grow in the coming years due to the increasing incidence of chronic diseases such as liver, cancer, and cardiovascular diseases. According to a report published by Fortune Business Insights, titled “Medical Imaging Equipment Market: Global Market Analysis, Insights and Forecasts, 2018-2025,” the market is likely to reach US$ 44,077.7 Mn by 2025. The market was valued at US$ 30,814.2 Mn in 2017, and the value will increment at a CAGR of 4.6% during the forecast period.
Growing Adoption of Technologically Advanced Systems to Drive the Market in the US
The increasing investment by government and public organizations towards diagnosis and treatment of cancer has paved the way for innovations and advancements in the global Medical Imaging Equipment Market. The increasing awareness about effects of major diseases such as cancer and orthopedic diseases has fueled the demand for early detection of these disease and immediate diagnosis methods. Furthermore, research initiatives by the leading companies are aiding the growth of the market in the U.S. In 2018, Siemens Healthcare GmbH introduced two new magnetic resonance imaging scanners. The products were an instant hit within the healthcare personnel and there was an immediate demand for Siemens’ devices for medical imaging. The increasing demand had a direct impact on the overall market in the US. Besides US, the Medical Imaging Equipment Market in Asia Pacific is likely to grow in the coming years due to high investments in research and development of medical imaging by private organizations and leading investor firms.
Key companies covered in the report
- SHIMADZU CORPORATION
- fnms(siemens healthcare in jordan)
- SuperSonic Imagine
- Hologic, Inc.
- FUJIFILM Holdings America Corporation
TABLE OF CONTENT:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1 Epidemiology Overview: Key Diseases, 2018
4.2 Overview: Mergers, Acquisitions & Partnerships
4.3 Pricing Analysis, Key Players
4.4 Installed Base Scenario, Key Brands/ Players
South Korean Government announces US$ 1 Bn for Development of Medical Devices
In May 2019, the South Korean government announced that it plans to invest around 1 trillion Won, which is US$ 1Bn in the research and development of high caliber medical devices. The Ministry of Science and ICT (MSIT) announced that after the preliminary study on research and development was concluded last month, it now aims to develop world class devices within the next 6 years. The MSIT made its intentions clear by announcing a huge sum that no compromises will be made in healthcare devices including imaging, scanning, diagnosis, treatment, and other devices. With a huge investment, the government aims at tackling issues such as treating physically disabled people, improving quality of rehabilitation for those in need, and providing high quality devices for early detection of fatal diseases such as cancer. This initiative is likely to have a positive impact on the global medical imaging equipment market and shall bode well for its growth in the coming years.
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