PRN: Global Diagnostic Imaging Market - Estimated to Grow at a CAGR of 6.2% in the Forecast Period (2015-2020)

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Global Diagnostic Imaging Market - Estimated to Grow at a CAGR of 6.2% in the Forecast Period (2015-2020)


DUBLIN, March 15, 2016 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Diagnostic Imaging Market - Global Forecast to 2020" report to their offering.

The diagnostic imaging market is expected to reach USD 33.42 Billion by 2020 from USD 24.72 Billion in 2015, growing at a CAGR of 6.2% between 2015 and 2020.

Various factors such as increasing incidence and prevalence of chronic diseases across the globe, technological advancements in the imaging systems, growing government investments for modernization of imaging facilities, and the rising number of private imaging centers are driving the growth of this market. However, hospital budget cuts, increasing adoption of refurbished diagnostic imaging systems and dearth of trained professionals is posing significant challenges for market growth.

X-ray imaging systems accounted for the largest share of the global diagnostic imaging market, by product, in 2015. Its large share is due to factors such as growing demand for mobile X-ray systems, retrofit upgrade kits, growth in the number of hospitals and diagnostic centers, advances in digital technology, painless and non-invasive procedures, low prices as compared to other modalities, increase in aging population and rising incidences of injuries and diseases.

In 2015, North America commanded the largest share of 33.4% of the global diagnostic imaging market, followed by Europe and Asia-Pacific. The Asia-Pacific market is poised to grow at the highest CAGR during the forecast period. This growth can be attributed to key factors such as improving healthcare infrastructure & healthcare spending, improving reimbursement and insurance coverage facilities, and large number of ongoing research activities in the region.

The diagnostic imaging market is highly competitive owing to the presence of a number of large and small firms. With improving public health for all population groups, the global diagnostic imaging market has been witnessing several product innovations. New product launches and product pipeline enhancements were the key growth strategies adopted by market players to strengthen their position in this market.

Companies Mentioned:

  • Carestream Health
  • Esaote S.P.A
  • Fujifilm Corporation
  • GE Healthcare (General Electric Company)
  • Hitachi Medical Corporation (Hitachi Ltd.)
  • Koninklijke Philips N.V.
  • Samsung Medison
  • Shimadzu Corporation
  • Siemens Healthcare GmbH (Siemens AG)
  • Toshiba Medical Systems Corporation (Toshiba Corporation)

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Diagnostic Imaging Market, By Product

7 Diagnostic Imaging Market, By Region

8 Competitive Landscape 

9 Company Profiles

For more information visit

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Research and Markets

Laura Wood, Senior Manager

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