Overview

BRIC Diagnostic Imaging Equipment Market Introduction

BRIC diagnostic imaging equipment market is projected to value over USD 9.8 billion by 2027 end and register a CAGR of over 8.7% from the forecast period 2020-2027.

The factors inflating the BRIC diagnostic imaging equipment market size are increasing permission for the advancement of imaging facilities and the growing prevalence of associated diseases. Technological advancements in imaging modalities and increasing funds from private and public organizations are complementing the growth of the market.

The market is divided into modality, end-user, and region. Based on modality, MRI systems are expected to control the growth of the market. Increasing disposable income from BRIC countries is increasing the demand for MRI, which in this, is inflating the BRIC diagnostic imaging equipment market size. Advancement in technology coupled with increasing demand for accurate and early diagnosis is also boosting the market. Increasing adoption of MRI systems by diagnostic centres and hospitals is also proliferating the market.

In terms of end-users, hospitals are the front runner of the market. The increase in the number of diagnostic imaging procedures alongside a growing preference of imaging modalities to improve the workflow is accelerating the BRIC diagnostic imaging equipment market growth. Increasing inclination toward digitization and automation of radiology patient workflow and increasing adoption of minimally invasive procedure is escalating the market size.

In terms of regions, the market is classified into Brazil, Russia, India, and China. China is expected to show notable growth owing to increasing government emphasis on upgrading the healthcare infrastructure. Favourable government policies have resulted in prominent players investing in the region. Easy accessibility to diagnostic imaging modalities, increasing geriatric population and growing preference towards advanced modalities remain key factors boosting the market in the region.

Established players of the market are FUJIFILM Holdings Corporation, SONTU Medical Imaging Equipment Co., Ltd., United Imaging Healthcare Co, Ltd., CURA Healthcare, Allengers, Neusoft Corporation, Hologic, Inc, Carestream Health, Inc., Koninklijke Philips N.V, Siemens Healthineers, Canon Medical Systems Corporation, and GE Healthcare.

BRIC diagnostic imaging equipment market

Competitive Landscape:

● Koninklijke is the leading player in the market. The company has bolstered its foothold in sectors like patient monitoring, image-guided therapy, health informatics, and diagnostic imaging

● Philips's strong geographical presence has also helped in inflating the BRIC diagnostic imaging market size. The company is aiming to penetrate emerging economies like India and China. Philips launched Epiq Elite Ultrasound System, Ingenia Edition MRI systems in India

● GE Healthcare in 2019, launched Vector CT Scan in China

● Hitachi, Ltd launched three new systems ARIETTA 50, ARIETTA 50 LE and ARIETTA 65 at European Society of Radiology in Russia earlier this year

● Siemens Healthineers launched its NX Series Ultrasound machines and Mammomat Revelation Mammography System in India in 2018

BRIC Diagnostic Imaging Equipment Market Segmentation:

By Modality

X-ray Imaging Systems
Technology
X-ray Digital Imaging Systems
Direct Radiography (DR)
Computed Radiography (CR)
X-ray Analog Imaging Systems
Portability
Stationary
Portable
Computed Tomography (CT) Scanners
Conventional CT systems
High-slice CT Scanners
Mid-slice CT Scanners
Low-slice CT Scanners
Cone Beam CT Systems (CBCT)
Ultrasound Imaging Systems
Technology
2D Ultrasound
3D and 4D Ultrasound
Doppler Imaging
Magnetic Resonance Imaging (MRI) Systems
Architecture
Closed MRI
Open MRI
Field Strength
High- and Very-high-field MRI Systems
Low-to-mid-field MRI Systems
Ultra-high-field MRI Systems
Nuclear Imaging Systems
SPECT Systems
Standalone SPECT Systems
Hybrid SPECT Systems
Hybrid PET Systems
Mammography Systems

By End User

Hospitals
Diagnostic Imaging Centers
Other End Users

By Region

Brazil
India
Russia
China

FutureWise Key Takeaways

Growth Prospects
SWOT Analysis
Key Trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the BRIC diagnostic imaging equipment market by modality, by end-user and region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
Evaluate and forecast micro-markets and the overall market
To predict the market size, in key countries— Brazil, Russia, India, and China
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financial and core competencies