The Medical X-Ray Equipment & Imaging Software Market - Growth, Trends and Forecast (2019-2024) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 13, 2019--The “Medical X-Ray Equipment and Imaging Software Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The medical X-ray equipment and imaging software market was valued at USD 15.62 billion in 2018, and is expected to reach a value of USD 19.9 billion by 2024, at a CAGR of 3.92% over the forecast period (2019-2024).
The growing aging population, coupled with rising investments in the healthcare ecosystem, is expected to have a positive impact on the overall market growth, over the forecast period. Developed nations have been facing this demographic challenge and have been investing to bring affordable healthcare systems to these people, thereby providing impetus to the market.
According to WHO, approximately 70% of cancer deaths are recorded in the middle- and low-income countries. This is likely to create an opportunity and open new avenues for the companies to invest in R&D activities and offer equipment and imaging software at a competitive rather than standard market value.
Most of the countries spend highly on the healthcare industry and upgrade to the latest equipment and solutions with an aim to improve health. However, a few countries, such as the United States, relatively underperform in terms of healthcare. For instance, the United States spends approximately 7%-10% more than other similar countries; however, life expectancy is low. This creates a new avenue for the companies to invest in advanced equipment and imaging software, in order to improvise the healthcare ecosystem.
Notably, in Asia-Pacific, investment in healthcare is rigorously increasing, with an aim to provide adequate and quality healthcare services in the region. For instance, in November 2018, MGM Healthcare Pvt. Ltd announced its plan to launch a new chain of hospitals, establishing 400-bed state-of-the-art medical institution, in South India. As a result, it is expected to boost the need for X-ray equipment and imaging software in the country, thus having a positive impact on the market growth.
Key Market Trends
Diagnostic Centers Majorly Drive the Market Demand
Asia-Pacific to Account for a Significant Share
The medical X-ray equipment and imaging software market is highly competitive and consists of several major players. Many companies are increasing their market presence by introducing new products or by entering into strategic mergers and acquisitions.
Key Topics Covered
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Incidences of Diseases and Growing Geriatric Population
4.3.2 Rising Investments in Healthcare Industry and Favorable Government Initiatives
4.4 Market Restraints
4.4.1 Stringent Regulations and Validator Guidelines
4.4.2 Security Issues Associated with the Software
4.5 Industry Attractiveness - Porter’s Five Forces Analysis
4.6 Value Chain / Supply Chain Analysis
5 MARKET SEGMENTATION
5.1 By Type
5.2 By Technology
5.2.2 Computed Tomography
5.3 By Image Type
5.4 By End User
5.4.2 Diagnostic Centers
5.4.3 Research Centers
5.5.1 North America
5.5.4 Latin America
5.5.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 GE Healthcare Inc.
6.1.2 Koninklijke Philips N.V.
6.1.3 Hitachi Ltd.
6.1.4 Canon Inc.
6.1.5 Siemens Healthcare GmbH
6.1.6 Shimazdu Corporation
6.1.7 Carestream Health Inc.
6.1.8 Fujifilm Holdings Corporation
6.1.9 Konica Minolta Inc.
6.1.10 Varex Imaging Corporation
6.1.11 IBM Corporation
6.1.12 Hologic Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/9g1o8p
View source version on businesswire.com:https://www.businesswire.com/news/home/20190513005353/en/
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KEYWORD: ASIA PACIFIC NORTH AMERICA SOUTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/13/2019 06:00 AM/DISC: 05/13/2019 06:01 AM