Diagnostic Imaging Market to 2016 - Nuclear Imaging Systems and Ultrasound Systems to be the Key Revenue Generators

05 Oct 2010 • by Natalie Aster
Diagnostic Imaging Market to 2016 - Nuclear Imaging Systems and Ultrasound Systems to be the Key Revenue Generators

“The global market for diagnostic imaging is forecast to exceed $24.4 billion by 2016 with a CAGR of 6% from 2009 to 2016. The market is expected to be driven by demand from the emerging economies of Brazil, India and China. As these countries focus on healthcare, the construction of and spending on hospitals in the public and private arena is set to double over the next seven years. In the developed markets such as the US and Europe, the focus is on new technologies that will bring greater efficiency and cost savings to budget strapped hospitals and healthcare providers.”

The report "Diagnostic Imaging Market to 2016 - Nuclear Imaging Systems and Ultrasound Systems to be the Key Revenue Generators" by GBI Research provides key data, market landscape, competitive landscape and market trends information on six diagnostic imaging market categories – Computed Tomography Systems, Mammography Equipment, MRI Systems, Nuclear Imaging Equipment, Ultrasound Systems, and X-Ray Systems.

Report Details

Diagnostic Imaging Market to 2016 - Nuclear Imaging Systems and Ultrasound Systems to be the Key Revenue Generators
Published: August 2010
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Report Highlights

  • A combination of increased government spending on healthcare and rising personal income is driving many facilities in the emerging economies to install advanced diagnostic imaging systems.
  • Increased sales of high-end systems, catering to high end hospitals and the expanding middle class in China, India and Brazil, is expected to spur growth in all three markets.
  • Fueled by the increasing sales of advanced equipment, these emerging markets will grow from $2.1 billion to exceed $5.2 billion by 2016.
  • Major players such as Philips, Siemens and GE Healthcare are focusing on India and China to look for double digit growth rates for their diagnostic imaging products.
  • As lower reimbursement rates and healthcare budget cuts affect demand for diagnostic imaging in the US and Europe, the emerging countries are being viewed as key drivers for demand in the diagnostic imaging market.
  • The global diagnostic imaging systems market is dominated by GE Healthcare (23%), Philips Healthcare (23%) and Siemens Healthcare (22%). These companies offer a wide range of products across various segments of the global diagnostic imaging market and have been well established in the US and Europe since the inception of diagnostic imaging systems.
  • With the rapid growth of diagnostic imaging systems in emerging economies, companies such as GE Healthcare, Philips Healthcare, and Siemens Healthcare are increasingly looking at acquisitions in India, China and Brazil.
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