The report studies the global medical imaging equipment market based on the various types of equipments (product categories) as well as the different technologies used in each product segment. The five major categories of imaging equipments studied in this report include X-ray, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI) and nuclear imaging equipments. The market has also been segmented into four major geographies of the world, namely, North America, Europe, Asia-Pacific and Rest of the World. The market sizes and forecasts for each segment of the market have been calculated for the period 2011-2019 considering 2012 as the base year and have been expressed in the report in terms of USD million. The CAGR % for the forecast period 2013 to 2019 has also been provided for each market segment and sub-segment.
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A detailed qualitative analysis of the market dynamics, based on factors like drivers, restraints and opportunities has been presented in the market overview section of the report. This section also includes the Porter's five force analysis and market attractiveness analysis by geography for the global medical imaging equipment market. Market share analysis by key players operating in this market has been included in terms of percent share in the year 2012, in the competitive landscape section of the report.
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A list of recommendations for new entrants in the market has also been discussed. Some of the key market players profiled in the report include Carestream Health, Inc., Fonar Corporation, GE Healthcare, Hitachi Medical Corporation, Philips Healthcare, Samsung Medison Co. Ltd., Shimadzu Corporation, Siemens Healthcare, and Toshiba America Medical Systems, Inc.The X-ray devices market accounted for the major share in the overall market for medical imaging equipment in 2012. This is due to the fact that these equipment are the oldest form of imaging techniques, and hence, the most popular in terms of patient comfort. In addition, technological advancements such as availability of portable X-ray devices have further helped them compete with other new and advanced imaging equipment such as ultrasound and CT scanners. Oral diseases that are easily diagnosed by X-ray technology are on a rise and have contributed to the large market revenue for these devices. The fastest growing segments of the overall medical imaging equipment market are CT scanners and nuclear imaging equipment, owing to the rising global incidence of cancers that are easily detected using this equipment.
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Geographically, the North American region constituted the largest market share by revenue of the total medical imaging equipment market in 2012. However, Asia-Pacific is predicted to foresee the highest growth rate from 2013 to 2019, at a CAGR of over 5%. This growth can be attributed due to rise in geriatric population, increased healthcare infrastructure, and increased demand for these equipment in this region. It is estimated that around 456,303 million people will be aged above 65 years by 2025 in Asia-Pacific.