Medical Imaging Market Research Report covers the present scenario and the growth prospects of the Medical Imaging Industry for 2017-2021. Medical Imaging Market, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of Medical Imaging globally.
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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the Medical Imaging Market:
- GE Healthcare
- Hitachi Medical
- Philips Healthcare
- Siemens Healthcare
- Toshiba Medical Systems
Other Prominent Vendors of Medical Imaging Market Are:
- Alpinion Medical Systems
- Analogic Corporation
- ASAHI Roentgen
- BenQ Medical Technology
- Shenzhen Bestman Instrument
“The global medical imaging market has been witnessing a trend of strategic initiatives. The market is highly competitive and to survive the competition, vendors are adopting strategic collaborations and mergers and acquisitions. Leading vendors acquire other complementary players to improve their geographical presence and enhance their expertise. With the growing demand for medical imaging equipment such as MRI, CT Scanners, X-rays systems, SPECT/PET equipment, and ultrasound systems, vendors are looking to implement inorganic growth strategies such as mergers or acquisitions. Further, the market is highly cost intensive, which will drive the companies to adopt inorganic strategies. These strategies allow the vendors to quickly penetrate the market by leveraging the products of the acquired player. Also, this will enable the companies to capitalize on the existing market presence of the acquired player.”
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According to the report, general X-rays is the leading segment in the overall global medical imaging market. However, conventional analog X-ray systems has reached maturity and is growing at a slow rate, especially in developed countries, as the technology has become obsolete and is being replaced by newer technologies. The market has been witnessing upgrades of analog X-ray systems to digital X-ray systems. With the increased cost of digital X-ray systems, manufacturers have found a cost effective solution to convert analog X-ray systems to digital X-ray systems. This can be done by using retrofit kits. Retrofit kits are also used to convert analog X-ray systems into computed radiography systems by harnessing detection devices such as high-density solid scan systems or flat panel detectors. The average cost of a retrofit is approximately $105,000, while a new digital radiography system costs approximately $180,000. For instance, Carestream Health launched mobile retrofit kits such as DRX mobile retrofit kit, DRX transportable, and DRX field portable. The introduction of such technologies have made it possible for hospitals and other diagnostic centers to refurbish their analog systems at a cheaper price.
Report also presents Geographical Segmentation analysis of Medical Imaging Market of Americas, APAC, EMEA region.
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Further, the report states that the global medical imaging market is experiencing an increased shift toward the use of refurbished systems due to the high cost of the device and installation. Small diagnostic centers will not be able to afford these expenses, so they prefer used and refurbished medical imaging equipment as they are available at a low price in comparison with new ones and come with a warranty period of a couple of years. Many local vendors are engaged in the import/export of used and refurbished equipment. Apart from the low purchasing power and the lack of awareness in developing nations, customers trust local companies that provide products at a low cost and have better aftersales support. This trend will help low-cost hospitals gain access to medical imaging technologies.
Key questions answered in Medical Imaging market report:
- What will the Medical Imaging market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving Medical Imaging market?
- What are the challenges to Medical Imaging market growth?
- Who are the key vendors in Medical Imaging market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
No of Pages: 158
Price of Report: $ 3500 (Single User License)
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