Medical Imaging Systems Markets 2014 to 2020 - Replacement of Legacy Systems and Advances in Software Present Growth Opportunities

The global market for medical imaging systems is expected to reach USD 37.83 billion by 2020, according to a new study by Grand View Research, Inc. Increasing geriatric population base augmenting the susceptibility of patients towards chronic diseases such as cardiovascular, orthopedic and respiratory diseases coupled with increasing patient awareness levels is expected to drive market growth over the next six years. Some of the other drivers for this market include growing demand for refurbished and retrofitted devices, introduction of digital and portable X-ray systems and increasing adoption rates of PACS in healthcare establishments as a cost effective and technologically advanced alternative.

X-ray equipment dominated the overall market in terms of share in 2013, with market revenue valued at USD 8.1 billion. Increasing demand for home healthcare, reduction in handling and maintenance cost post the introduction of handheld and portable devices are some of the factors accounting for X-ray equipment demand growth. Ultrasound systems followed X-ray in 2013 accounting for a revenue share of over 23% on account of the rising demand for portable and mobile devices.

The report “Medical Imaging Systems (Portable, Handheld X-ray Devices, CT, Ultrasound, Open and Closed MRI and Nuclear Imaging, Analog, DR, CR, 4D & 5D, Low Slice, Medium Slice, High Slice Scanners) Market Analysis and Segment Forecasts To 2020,” is available now to Grand View Researchcustomers and can also be purchased directly at

http://www.grandviewresearch.com/industry-analysis/medical-imaging-systems-market

Further key findings from the study suggest:

• Computed radiography dominated the overall X-ray technology market and was valued at over USD 2.80 billion in 2013. Growing demand for higher quality digital images for effective diagnostic purposes and the increasing demand for PACS implementation are some of the factors expected to drive market growth during the forecast period.

•...