Market World Medical Imaging Equipment Market Size, Revenue and | Page 2

major role in raising the share of the market include rising occurrence of target diseases, rising
geriatric population, augmentation in the demand for 3D medical imaging equipment, and
emergence of the initiatives taken up by the government and private organizations in the medical
imaging equipment market.
Moreover, it has been noticed that more and more of emphasis is being laid on the Research &
Development activities in order to offer high-quality imaging for improved diagnosis and treatment
of diseases. However, it has been observed that the pressure on healthcare budgets is rising in the
United States and excise duty is being forced on medical device manufacturers and these factors are
eventually becoming the major challenges for the growth of the market.
Other factors that are also turning as major obstacles in the growth of the market include reduced
adoption of digital technology-based systems, conventional CT, and MRI scanners among patients.
However, it is said that the medical imaging equipment market still has a huge prospect to develop
with the initiation of cloud-based medical imaging.
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Among all the product types, X-Ray imaging devices is covering the largest share in the market, the
reason being rising frequency of cardiovascular, respiratory, and gastrointestinal disorders and easy
availability of X-Ray devices. Medical Imaging Equipment Market is segmented on the basis of
technology as X-Ray Devices, Ultrasound Systems, Computed Tomography (CT) Scanners, Magnetic
Resonance Imaging (MRI) Equipment, and Nuclear Imaging Equipment.
Medical Imaging Equipment Market is segmented on the basis of geographical region as North
America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). As far as the
geography is concerned, North America is lately leading the market and it is estimated that the
region will witness a great upsurge in the near future. On the other hand, Asia Pacific is also showing
huge growth, the reason being taking up of initiatives by the government authorities that has
ultimately resulted in augmented focus on the enhancement of healthcare infrastructure in
numerous developing economies.
The key players operating in the Medical Imaging Equipment Market include GE Healthcare, Hitachi
Medical Corporation, Philips Healthcare, Siemens Healthcare, Shimadzu Corporation, Genesis