BRIC Diagnostic Imaging Equipment Market Estimated To Value Over USD 7.9 Billion By 2026 End

  • 24 Sep 2019

BRIC diagnostic imaging equipment market is projected to value over USD 7.9 billion by 2026 end and register a CAGR of over 8% from the forecast period 2019 to 2026.

 

Factors such as rapidly growing geriatric population along with an increase in the prevalence of diseases are increasing the BRIC diagnostic imaging equipment market size. Technological advancements in diagnostic imaging modalities coupled with rising demands for early diagnosis investments are fueling the growth of the market. Furthermore, increasing investments by private organizations are boosting the market.

 

The market is divided into modality, end-user, and region. On the basis of modality, MRI systems are expected to control the growth of the market. The increasing demand for accurate diagnosis and growing deployment of MRI systems in diagnostic centres and hospitals is escalating the demand for MRI systems thus increasing the BRIC diagnostic imaging equipment market share of the modality segment.

In terms of end-users, hospitals are projected to show notable BRIC diagnostic imaging equipment market growth. Increased focus towards developed healthcare infrastructure alongside high healthcare expenditure is positively influencing the market. An increase in the adoption of minimally invasive procedures and constant improvement in the quality of patient care is inflating the market. The increase in the number of diagnostic procedures performed in hospitals alongside growing preference towards automation of radiology patient workflow is positively influencing the market.

 

In terms of region, the market is bifurcated into Brazil, Russia, India, and China. Increasing per capita healthcare spending, the presence of prominent, favorable reimbursement policies and developed healthcare infrastructure are the key factors escalating the proliferation of the market in the region. Furthermore, the availability of advanced technology and growing population awareness is triggering market growth.

 

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.

 

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

o X-ray Digital Imaging Systems

▪ Direct Radiography (DR)

▪ Computed Radiography (CR)

o X-ray Analog Imaging Systems

● Portability

o Stationary

o Portable

● Computed Tomography (CT) Scanners

● Technology

o Conventional CT systems

o Cone Beam CT Systems (CBCT)

● Conventional CT Systems Market, by Technology

o High-slice CT Scanners

o Mid-slice CT Scanners

o Low-slice CT Scanners

● Ultrasound Systems

● Technology

o 2D Ultrasound

o 3D and 4D Ultrasound

o Doppler Ultrasound

● Magnetic Resonance Imaging (MRI) Systems

● Architecture

o Closed MRI

o Open MRI

● Field Strength

o High- and Very-high-field MRI Systems

o Low-to-mid-field MRI Systems

o Ultra-high-field MRI Systems

● Nuclear Imaging Systems

● SPECT Systems

o Standalone SPECT Systems

o 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

 

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