The Global
Diagnostic Imaging Market is projected to witness substantial growth in
the coming years owing to rising demand for minimally invasive treatment.
Diagnostic imaging is an advanced medical technique to capture clear images of
organs and internal structures of the patient’s body. These images are used by
healthcare professionals to diagnose and monitor diseases and injuries in
patients. Diagnostic imaging enables early diagnosis of chronic diseases, which
can increase the chances of successful treatment.
Growing
need for advanced diagnostic techniques to study medical conditions in the best
possible manner can augment market growth. Medical problems like broken bones,
cardiac abnormalities, gastrointestinal issues, and cancer are likely to impel
demand for advanced imaging technologies for effective diagnosis and treatment.
Clear and detailed images can help healthcare professionals to make accurate
and effective medical decisions. This, in turn, can propel demand for
technologically advanced medical devices in healthcare facilities.
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Moreover,
supportive government initiatives to develop healthcare infrastructure across
the globe can stimulate growth of the market. Rising demand for portable
imaging devices in remote areas to improve healthcare facilities and provide
better medical treatment can augment market expansion in the coming years.
High cost
of machinery and its installation can hamper growth of the market. However,
R&D activities by manufacturing companies to develop technologically
advanced medical devices can create lucrative opportunities for the market. For
instance, OmniVision Technologies, Inc. in collaboration with Lighthouse
Imaging, introduced a new platform that allows medical device manufacturers to
integrate stereoscopic 3D imaging into endoscopes. The platform incorporates an
image signal processor and two CMOS image sensors from OmniVision, and camera
control unit and a light control board for LED illumination from Lighthouse.
The market
can be segmented on the basis of product type and application. Based on product
type, the market can be categorized into X-ray, computed tomography (CT)
scanners, and magnetic resonance imaging (MRI) systems. In terms of
application, the market can be classified into cardiovascular and thoracic,
neuro and spine, orthopedics and musculoskeletal, obstetrics, and breast
health.
North
America is likely to witness significant growth in the coming years owing to
growing elderly population. The United States is expected to hold the largest
share in the market than other developed countries. Rising demand for advanced
diagnostic services owing to increasing cases of chronic diseases among elderly
population can impel regional market growth. Supportive reimbursement policies
and technological developments in imaging modalities by manufacturing companies
can drive the market in the coming years. For instance, GE Healthcare launched
its new ultrasound system named Versana Essential. The system offers high image
quality and help healthcare professionals during diagnosis. Doctors can use it
to view kidney vessels, thyroid vasculature, and assess blood flow through the
carotid, aorta, and other vessels.
Europe is
estimated to witness remarkable market growth owing to significant advancements
in in the brain imaging sector and stroke services. Increasing use of
teleconsulting and teleradiology in the healthcare sector can impel regional
market expansion. Advent of telemedicine in Germany can propel demand for
advanced machines to view, access, and share radiographic images or diagnostic
reports. Countries like France, United Kingdom, and Russia are also likely to
contribute significantly to regional growth. Launch of innovative products by
manufacturers can gain traction among healthcare providers. For instance,
Philips introduced its new mobile C-arm imaging platform named Zenition. The
platform can provide live image guidance to healthcare professionals during
surgeries. Advanced features like position memory and BodySmart software can
allow the device to capture the images fast and consistently. In addition,
MetalSmart software can automatically improve image quality in terms of
brightness and contrast.
Asia
Pacific is likely to bode well in the coming years owing to growing ageing
population and increasing incidence of chronic diseases. Growth of the medical
tourism in developing countries like India, Japan, and China owing to advanced
healthcare infrastructure can augment regional growth. Supportive government
policies and medical grants to execute R&D activities in the healthcare
sector can drive the market in the coming years.
Some of the
leading companies operating in the diagnostic imaging market are Siemens
Healthcare, GE Healthcare, Hitachi Medical Corporation, Philips Healthcare, and
Toshiba Medical Systems Corporation.
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