According to the report on Europe Diagnostics Imaging Market, published by Market Data Forecast, the market is projected to reach USD 36.85 Billion by 2021, at a CAGR of 6.25% from 2016 to 2021.
Diagnostics Imaging uses electromagnetic radiation to create images of the internal structures of the human body for correct diagnosis of ailments. Diagnostic imaging allows doctors to have a look at the insides of your body for detection of any medical conditions. Several types of machines and procedures can produce pictures of the structures and activities of the inside of your body. The type of imaging type may vary depending upon the symptoms and the body part being checked.
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Europe Diagnostics Imaging Market: Drivers & Restraints
Rising number of cardiac and neurological disorders as well as cancers is the major reason for growth of the Diagnostic Imaging market in this region. An additional driver for the growth of this market is that comparable economic and demographic burdens faced by European countries. They have an interest in examining their effect on health across Europe. But, factors like high cost of procedures & devices, side effects of diagnostic imaging procedures and the reaching of saturation point in the developed and industrialized countries are hampering the growth of this market.
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Europe Diagnostics Imaging Market : Segmentation
- Nuclear Medicine
- PET Imaging
- SPECT Imaging
- Photoacoustic Imaging
- Tactile Imaging
- Functional near infrared spectroscopy
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Europe Diagnostics Imaging Market: Overview
The Europe Diagnostic Imaging Market is valued at USD 8.08 million as of 2016 and is expected to show a decent growth rate in the future. Tomography is a popular and most used method since it augments the possibility of cancer diagnosis and reduces the number of times the patient is being called for further tests. 3D imaging is also expected to prosper in all the markets during the forecast period. Within some of the markets of Western Europe, a tension between trying to maintain health costs and a wish to increase productivity exists. In these developed countries hospitals are required to invest capital to increase the standards of healthcare.
Europe Diagnostics Imaging Market: Region-wise Outlook
Geographically, the market is segmented into Germany, U.K, France, Spain, and Italy. The Europe market holds the second largest market share at 29%. Germany has the largest market share for the Diagnostic Imaging market in Europe, followed by the UK and France. Norway, Netherlands, Denmark, and Greece also show significant scope for growth in the forecast period.
Key Questions Answered
- What is the current and future Europe Diagnostics Imaging market? What trends are affecting the market?
- What is the competitive landscape and market share of major players in the Europe Diagnostics Imaging market?
- What are the key market segments that currently occupy the highest market share? Which market segments are growing the fastest?
- What challenges are restraining the growth of the Europe Diagnostics Imaging market? How will emerging technologies answer these challenges?
- When will Diagnostics Imaging start becoming easily available?
- Which countries will be next to ban Diagnostics Imaging? And how will it affect the market?
Europe Diagnostics Imaging Market: Key Players
Major companies that compete each other in this market include GE Healthcare, Siemens Healthcare, Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Hologic Inc., Fujifilm Corporation, and Shimadzu Corporation.
Reasons to buy Europe Diagnostics Imaging Market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of type and application along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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