North America Captures Lion’s Share of Diagnostic Imaging Market, Says PBI in Its New Report Published at MarketPublishers.com30 Nov 2017 • by Natalie Aster
LONDON – The diagnostic imaging market is set to continue gaining traction, driven by a hike in the prevalence rate of diseases, awareness about early diagnosis of chronic conditions. Diagnostic technology advances like 3D technologies and proliferation of portable diagnostic devices are projected to positively influence the market’s expansion. Additionally, the various developments pertaining to diagnostic equipment resulting in manifold applications of diagnostic devices, enhanced monitoring, fast and easy-to-use disease diagnosis are further boosting the market growth.
Meantime, stiff costs of diagnostic imaging, risk of cancer owing to exposure to radiation, rigid regulatory processes are restraining the market for diagnostic imaging devices.
North America captured the lion’s share in the diagnostic imaging market owing to well-established health care infrastructure, awareness of early disease diagnosis, and intense healthcare spending. The US health expenditure is projected to grow from 17.8% share of GDP in 2015 to reach 19.9% in 2025. The APAC diagnostic imaging market is set to demonstrate immense growth owing to the presence of India and China in tandem with evolving medical tourism owing to low diagnosis costs and modernisation of hospitals in these nations.
New research report “Global Diagnostic Imaging Market” drawn up by Precision Business Insights (PBI) offers an extensive, granular analysis of the marketplace. It provides market segmentation based on modality, application and end-use sector. An exhaustive regional market analysis is available, too.
The study provides detailed market size, market shares region-wise, and forecasts through to 2023. The report provides comprehensive insights about the competitors, key findings and their major strategies. It sheds light on the drivers, hindrances, challenges, and trends that are presently faced by industry participants. The report keeps track of the recent innovations, pinpoints major developments and gives details of the startups operating in the industry. It also gives insights into market entry strategies, regulatory environment, and reimbursement scenario.
More new research reports by PBI are available in its online catalogue at MarketPublishers.com.