TheBusinessResearchCompany’s Diagnostic Equipment Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The diagnostic devices (or) equipment market consists of sales of diagnostic equipment and related services by entities (organizations, sole traders and partnerships) that produce diagnostic equipment used in diagnosis of various diseases. This industry includes establishments that produce diagnosis equipment such as X-ray systems, ultrasound systems, computed tomography (CT) scanners, magnetic resonance imaging systems and other diagnostics equipment.
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The diagnostic equipment market expected to reach a value of nearly $51.56 billion by 2022, significantly growing at a CAGR of 5.8% during the forecast period. The growth in the Diagnostic Equipment market is due to increase in population which increased demand for healthcare devices market
However, the market for diagnostic equipment is expected to face certain restraints from several factors such as increasing competition and rising interest rate.
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The present study exhibits the trends and market dynamics of the Diagnostic Equipment market in major countries – USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also includes the study of the current issues with consumers and various future opportunities for the market.
The global diagnostic equipment market is further segmented based on type and geography.
By Type – The diagnostic equipment market is segmented into X-Ray Systems, ultrasound systems, computed tomography (CT) scanners, magnetic resonance imaging systems, cardiovascular monitoring and diagnostic devices, nuclear imaging device among these segments, the X-Ray systems market accounts for the largest share in the global diagnostic equipment market.
By Geography – The global diagnostic equipment is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global diagnostic equipment market, accounting for about 30% of the market in 2018.
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Some of the major players involved in the Diagnostic Equipment market are Philips Healthcare, Hitachi Medical Systems, Fujifilm Holdings, Siemens Healthcare, GE Healthcare.
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