Global Medical Imaging Market To Reach $34 Billion In 2017

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  • (1888PressRelease) December 13, 2012 - Wellesley, Mass. - According to a new technical market research report, GLOBAL MARKETS FOR MEDICAL IMAGING REAGENTS AND ANALYSIS EQUIPMENT (HLC040D), from BCC Research (www.bccresearch.com), the global medical imaging market was valued at $25.4 billion in 2011 and should reach $26.7 billion in 2012.

    Total market value is expected to reach nearly $34.1 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 5%. The medical imaging market can be broken down into four main segments: X-ray/computed tomography, ultrasound, magnetic resonance imaging, and positron emission tomography.

    Xray/Computed tomography is expected to have a value of nearly $13 billion in 2012 and $16.3 billion in 2017, a CAGR of 4.7%.
    The ultrasound segment should reach $5.6 billion in 2012 and nearly $7.1 billion in 2017, a CAGR of 4.8%. As a segment, magnetic resonance imaging should total $5.4 billion in 2012 and nearly $7.5 billion in 2017, a CAGR of 6.6%. The positron emission tomography segment is expected to reach $2.7 billion in 2012 and $3.2 billion in 2017, a CAGR of 3.5%.

    Global diagnostic imaging, a significant sector of the medical device industry, is growing with increasing awareness about the early screening of diseases. Increasing awareness also has compelled device manufacturers to invest in research to replace obsolete technology with the advanced technologies of medical imaging.

    Fusion of nuclear imaging with different modalities of imaging modalities is the latest trend in the medical imaging market. The integration of imaging modalities has resulted in the availability of fusion or combination imaging. Fusion imaging, also known as hybrid imaging technology, such as PET/CT and MRI/PET, offers increased diagnostic confidence, direct comparison of images using different imaging modalities, more precise monitoring of interventional procedures, and reduced radiation exposure, which are becoming more popular than conventional imaging modalities. Additionally, mobile diagnostic equipment is in massive demand from physicians.

    This report will help its readers:

    Receive a detailed analysis of medical imaging industry structure. Revenues are broken down by the region and sales figures are estimated for the five-year period from 2012 through 2017
    Classify the current and future characteristics of the global market for medical imaging technologies, which includes both the imaging systems and the contrast agents
    Determine the classifications, comparisons, advantages and disadvantages, and usage of these types of diagnostic methods.
    Understand comprehensive analysis and future direction of imaging techniques as an important tool for the usage in medical diagnostic procedures.

    This report will be valuable to many industry participants, including the following:
    Medical imaging specialists
    Medical imaging equipment manufacturers
    Academic and research institutions
    End users and distributors
    Financial institutions.

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