Medical Imaging Market to Grow at 4.95% CAGR during 2017 to 2021

NEW YORK, Feb. 10, 2017 /PRNewswire-iReach/ -- The global medical imaging market has been witnessing a trend of strategic initiatives. The market is highly competitive and to survive the competition, vendors are adopting strategic collaborations and mergers and acquisitions. Leading vendors acquire other complementary players to improve their geographical presence and enhance their expertise. With the growing demand for medical imaging equipment such as MRI, CT Scanners, X-rays systems, SPECT/PET equipment, and ultrasound systems, vendors are looking to implement inorganic growth strategies such as mergers or acquisitions.

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The analysts forecast global medical imaging market to grow at a CAGR of 4.95% during the period 2017-2021. Body for clinical analysis and medical intervention. Medical imaging is performed to reveal the internal structures hidden by the skin and bones to examine and diagnose the medical condition. It plays a vital role not only in diagnosis but also in the treatment process as it is taken into consideration during the follow-up of various diseases.

General X-rays is the leading segment in the overall global medical imaging market. However, conventional analog X-ray systems has reached maturity and is growing at a slow rate, especially in developed countries, as the technology has become obsolete and is being replaced by newer technologies. The market has been witnessing upgrades of analog X-ray systems to digital X-ray systems. With the increased cost of digital X-ray systems, manufacturers have found a cost effective solution to convert analog X-ray systems to digital X-ray systems.

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The following companies are the key players in the global medical imaging market: Fujifilm, GE Healthcare, Hitachi Medical, Philips Healthcare, Siemens Healthcare, and Toshiba Medical Systems. Other Prominent Vendors in the market are: Accuray, Accutome, Alpinion Medical Systems, Analogic Corporation, ASAHI Roentgen, BenQ Medical Technology, Shenzhen Bestman Instrument, BMV Technology, Boston Scientific, Brain Biosciences, BrainLab, Bruker, Capintec, Carestream Health, Cephasonics, Chison, CMR Naviscan, ContextVision, CurveBeam, DDD-Diagnostic, Delphinus Medical Technologies, Ecare, EOS imaging, Esaote SpA, Fuel 3D Technologies, Gendex, GlobalMed, Guangzhou Yueshen Medical Equipment, Healcerion, Hologic, Imaging Sciences International, Insightec, Intelerad Medical System, Intrasense SAS, J. Morita Corporation.

The global medical imaging market is highly dynamic owing to the presence of some big players accounting for a major share of the overall market. To generate the maximum revenue from the market, which has already attained maturity like in the US and Europe, vendors are looking forward toward enhancing their technological platforms both in diagnostic and therapeutic imaging equipment.

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