Diagnostic Imaging Equipment Market

Healthcare Reforms in the BRIC Countries are Offering New Growth Opportunities for the Leading Players in Diagnostic Imaging Equipment Market

The diagnostic imaging industry has evolved significantly over the past two decades. These devices provide improved image quality and patient safety. Nevertheless, leading market players are continuously focusing their efforts to develop advanced low-cost diagnostic imaging modalities, owing to the increasing government pressure to reduce healthcare costs. The increasing launches of cost-effective diagnostic imaging devices, along with developing healthcare facilities in emerging countries, are driving the demand of the diagnostic imaging equipment market in BRIC nations.

Among BRIC countries, China commanded the largest share in the diagnostic imaging equipment market in 2013 and is estimated to grow at the highest rate in the next five years.  The growth of the diagnostic imaging equipment market in China is primarily driven by ongoing healthcare reforms, growing government investments to develop its healthcare infrastructure in rural areas, and favorable demographic scenario (high incidence and prevalence of target diseases and rapidly aging population). Moreover, increasing focus of international diagnostic imaging device vendors on China’s rural healthcare market and rising efforts by domestic players to expand their customer base in China are some of the other key factors fuelling the growth of the Chinese diagnostic imaging equipment market. Leading global players such as GE Healthcare (U.K.), Siemens Healthcare (Germany), and Philips Healthcare (Netherlands) have adopted a number of strategies such as launching low-cost devices, offering training services to the healthcare professionals, and opening R&D and manufacturing facilities in China, to leverage the growth opportunities in this market.

After China, India is the second fastest-growing nation in the BRIC diagnostic imaging equipment market. The various initiatives taken by market players and government to improve healthcare awareness and diagnostic facilities, increasing healthcare insurance coverage, and high incidence and prevalence of cancer and cardiovascular diseases are stimulating the growth of the Indian diagnostic imaging equipment market. GE Healthcare, Siemens Healthcare, and Philips Healthcare are some key global players making high investments to expand their presence in the Indian diagnostic imaging equipment market. The combined efforts of government agencies and public sector organizations to increase healthcare awareness have enabled India to become an attractive market for diagnostic imaging equipment manufacturers.

The increasing adoption of technologically advanced MRI scanners and ultrasound systems in BRIC nations is indicative of the high growth opportunities available in these regions. BRIC nations have also shown an increasing demand for high-end MRI and ultrasound systems due ongoing healthcare infrastructure developments in urban areas.  Several companies such as GE Healthcare (U.K.), Siemens Healthcare (Germany), and Philips Healthcare (Netherlands), Toshiba Medical Systems Corporation (Japan), and Hitachi Medical Corporation (Japan) are investing in these high-growth regions to gain profit and increase their share of the BRIC MRI and ultrasound systems market.

Related Reports:

Diagnostic Imaging Equipment Market by Modality [Digital X-ray Imaging, Ultrasound (Color Doppler, Portable), Magnetic Resonance Imaging, CT Scanner (Low-, Mid-, & High-end), Mammography, PET, SPECT] - Emerging Markets (BRIC - Brazil, Russia, India, and China) - 2011-2018

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Report Code
MD 2876
Published ON
Nov, 2014
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Diagnostic Imaging Equipment Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved