Rising Prevalence Of Cardiovascular Diseases, Chronic Diseases To Boost The Growth Of Medical Imaging Devices Market

 

Medical Imaging Devices

Medical Imaging Devices Market By Product (X-ray, CT, MRI, Ultrasound), By End-use (Hospitals, Diagnostic Imaging Centers), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) -Size, Share, Outlook, and Opportunity Analysis, 2022-2030.

The Medical Imaging Devices Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Medical Imaging indicates to the various technologies that are utilized to see the living being in order to analyze, observe, or cure medical problems. Each kind of technology offers various data regarding the part of the body being examined or cured, associated to probable disorder, wound, or the efficacy of clinical therapy.

Competitive Landscape:

Key players involved in the growth of global Medical Imaging Devices Market are Carestream Health Inc., Fujifilm Holdings Corporation, Hitachi Medical Systems, Hologic Inc, Siemens Healthineers, Canon Medical Systems Corporation, Philips Healthcare, Esaote SpA, GE Healthcare, and Samsung Medison.

Market Key Drivers:

Rising prevalence of cardiovascular diseases, chronic diseases is expected to augment the growth of global Medical Imaging Devices Market. For instance, as per WHO, around 17.9 million people fatal owing to cardiovascular diseases.

Increasing cases of cancer, cardiovascular diseases and skeletal disorders is projected to propel the growth of global Medical Imaging Devices Market. For instance, as per WHO, around 1.71 million globally suffer from musculoskeletal diseases.

Covid-19 Impact Analysis:

The Covid-19 outbreak had adversely affected the growth of global Medical Imaging Devices Market as there was a decrease in the diagnostic imaging services.  Serious infection stress and restrictions in movement, along with hospital preparations to increase crisis capacity, decreased the number of medical imaging processes. Moreover, economic depression and reduced healthcare investment further impeded the growth of market.

Key Takeaways:

The global Medical Imaging Devices Market is anticipated to exhibit a CAGR of XX % during the forecast period owing to rising heart diseases. For instance, as per AHA, around 130 million people suffer from one or the other kind of heart disease in U.S.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in global Medical Imaging Devices Market due to rising cardiovascular diseases, chronic diseases, rising geriatric population and rising lung disorders. For instance, as per American Lung Association, around 37 million Americans suffer from chronic lung disorder such as asthma and COPD.