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Global Medical X-Ray Equipment and Imaging Software Market 2021 analysis with Key Players, Applications, Trends and Forecasts

Medical X-Ray Equipment and Imaging Software

The report focuses on the favorable Global “Medical X-Ray Equipment and Imaging Software market” and its expanding nature. The Medical X-Ray Equipment and Imaging Software market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • 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 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.

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    Key Manufacturers

  • GE Healthcare Inc.
  • Koninklijke Philips NV
  • Hitachi Ltd
  • Canon Inc.
  • Siemens Healthcare GmbH
  • Shimazdu Corporation
  • Carestream Health Inc.
  • Fujifilm Holdings Corporation
  • Konica Minolta Inc.
  • Varex Imaging Corporation
  • IBM Corporation
  • Hologic Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Medical X-Ray Equipment and Imaging Software market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Medical X-Ray Equipment and Imaging Software market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Medical X-Ray Equipment and Imaging Software market have also been involved in the study.

    Scope of the Report:

  • X-ray equipment and imaging software are one of the basic healthcare systems incorporated in many of the hospitals and other medical facilities. X-ray imaging has a wide adoption in medical applications, as it allows non-invasive and painless diagnosis and therapy monitoring. X-ray imaging equipment is used to detect diverse diseases, such as fractures, infection, different cancers, and arthritis. The increasing number of cases associated with these diseases will have a positive impact on the market growth.

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    TOC of Medical X-Ray Equipment and Imaging Software Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Medical X-Ray Equipment and Imaging Software market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Medical X-Ray Equipment and Imaging Software Market Report Covered:

    • The report analyses how Medical X-Ray Equipment and Imaging Software market will grow in the future.
    • Analyzing various perspectives of the Medical X-Ray Equipment and Imaging Software market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Medical X-Ray Equipment and Imaging Software market shares and policies employed by the major market players.
    • Competitive landscape including the Medical X-Ray Equipment and Imaging Software market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Medical X-Ray Equipment and Imaging Software market players

    Key Market Trends:

    Diagnostic Centers Majorly Drive the Market Demand

    – Diagnostic centers provide comprehensive screening and diagnostics to ensure the highest quality care and to service the patients’ needs. With the growing number of communicable and non-communicable diseases, the number of diagnostic centers is increasing to provide an accurate diagnosis of patients.
    – These diagnostic centers will provide X-ray and imaging services and the government also plans to introduce more advanced imaging techniques, like CT scan. The Meghalaya government has also sanctioned INR 20 crore for the construction of diagnostic centers in the state.
    – However, the growing collaboration between developing and developed countries in the diagnostic industry is expected to increase the number of diagnostic centers, which is estimated to affect the market studied positively. For instance, in 2017, and Japan collaborated in the diagnostic sector, and launched a program approved by the ministries of both the countries, to address the diagnostic technological differences between and Japan. They aim to provide healthcare services in remote areas.

    Asia-Pacific to Account for a Significant Share

    – Asia-Pacific is expected to grow at a higher rate than some of the regions, owing to the rising prevalence of chronic diseases and increased demand for quality healthcare. The growing implementation of PACS (Picture Archiving and Communication System) in digital X-ray systems will also drive the market substantially, attributed to the advantages, such as better image quality and less processing time.
    – According to a report published by WHO, Asia-Pacific has the highest number of cases recorded for TB. The region accounted for 6.2 million recorded cases in 2017 and has been prone to outbreaks of severe acute respiratory syndrome (SARS) and avian influenza.
    – The governments of emerging economies in the region are initiating efforts to improve the healthcare infrastructure in their respective countries. For instance, in 2018, the Ministry of Health collaborated with the government of China to install computed tomography (CT) scan units in 37 county hospitals. In installing these units, the government emphasized hospitals located along major highways to enhance fast diagnosis on victims of emergency cases, such as road accidents.

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    Study objectives of Medical X-Ray Equipment and Imaging Software Market Report:

    • To provide a detailed analysis of the market structure along with the Medical X-Ray Equipment and Imaging Software market forecast of various segments and sub-segments of the Medical X-Ray Equipment and Imaging Software market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Medical X-Ray Equipment and Imaging Software market trends that influence the global Medical X-Ray Equipment and Imaging Software market

    Detailed TOC of Medical X-Ray Equipment and Imaging Software Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    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
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry
    4.6 Value Chain / Supply Chain Analysis

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Equipment
    5.1.2 Software
    5.2 By Technology
    5.2.1 Radiography/Mammography
    5.2.2 Computed Tomography
    5.2.3 Fluoroscopy/Angiography
    5.3 By Image Type
    5.3.1 2-Dimensional
    5.3.2 3-Dimensional
    5.4 By End User
    5.4.1 Hospitals
    5.4.2 Diagnostic Centers
    5.4.3 Research Centers
    5.5 Geography
    5.5.1 North America
    5.5.2 Europe
    5.5.3 Asia-Pacific
    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 NV
    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

     

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