Growing Concern for Chronic Diseases Worldwide to Drive HEALTHCARE & PHARMACEUTICAL Diagnostic Imaging Equipment Market Growth
Research Nester published a report titled “Diagnostic Imaging Equipment Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global diagnostic imaging equipment market in terms of market segmentation by product, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global diagnostic imaging equipment market is segmented by product into computed tomography (CT) scanners, nuclear imaging (NI) equipment, magnetic resonance imaging (MRI) systems, ultrasound scanners, x-ray devices, and others, out of which, the x-ray devices segment is projected to hold the dominating share by the end of 2021, owing to the painless and non-invasive diagnosis properties of X-ray devices, along with the wide adoption of the equipment in medical diagnosis practices.
The global diagnostic imaging equipment market is anticipated to grow with a notable CAGR during the forecast period, i.e., 2021-2029 owing to the increasing technological advancements in the field of medical imaging, coupled with the growing geriatric population around the globe and the need for medical diagnosis. Additionally, increasing popularity of diagnostic imaging and radiology services, and rapid advancements in medical imaging technology, are some of the factors anticipated to contribute to the market growth in the coming years.
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Regionally, the global diagnostic imaging equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions, out of which, the market in North America is projected to grab the largest market share by the end of 2029, owing to the increasing awareness amongst individuals for early detection of diseases, rising demand for advanced medical imaging systems in the region, and the need for quality healthcare services amongst individuals.
Increasing Concern Amongst Individuals for Chronic Diseases and the Need for Early Diagnostics to Expand the Growth of the Market
The Centers for Disease Control & Prevention (CDC), in one of its statistics, stated that in the United States, out of ten adults, six of them have a chronic disease.
Chronic diseases are one of the leading causes of death around the world. Owing to the increasing number of patients suffering from chronic diseases worldwide, there is a rising need amongst individuals to diagnose the diseases at an early stage.
Early diagnosis of chronic diseases helps the patient to recover at a faster pace. As a result, there is a growing demand for medical imaging amongst the individuals, which is raising the need amongst the healthcare service providers to increasingly deploy diagnostic imaging equipment.