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Emerging Markets to Drive Growth in Diagnostic Imaging Market in Future

Posted Sep 17 2010 2:14am
Diagnostic Imaging Market to 2016 - Nuclear Imaging Systems and Ultrasound Systems to be the Key Revenue Generators
 It provides key data, information and analysis on the global diagnostic imaging market. The report provides a 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. The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the latest, advances in diagnostic imaging technology. ( )
 The Global Diagnostic Imaging Market is Set to Exceed $24 Bn By 2016
 The global market for diagnostic imaging is forecast to exceed $24.4 billion by 2016 with a compounded annual growth rate (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.
 Emerging Markets to Drive Growth in Diagnostic Imaging Market in Future
 A combination of increased government spending on healthcare and rising personal incomes is driving many facilities to install advanced diagnostic imaging systems in the emerging economies. Increased sales of high-end systems, catering to high end hospitals and the expanding middle class of China, India and Brazil, is expected to spur growth in all three markets at a faster rate. Fueled by the increasing sales of advanced equipment, these emerging markets will grow from a combined 2009 value of $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.
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