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    Asia Pacific Medical Imaging Market Size By End-use (Hospitals, Diagnostic Centers), By Product (X-ray Devices {Digital [Direct Radiography Systems, Computed Radiography Systems], Analog}, Magnetic Resonance Imaging (MRI), Ultrasound, {2D Ultrasound, 3D Ultrasound}, Computed Tomography, Nuclear Imaging, Mammography), Industry Analysis Report, Regional Outlook (Japan, China, India, Australia, South Korea, Malaysia, Thailand, Taiwan, Indonesia), Application Potential, Competitive Market Share & Forecast, 2020 - 2026
    Published Date: November 2020   |   Report ID: GR1545   |   Delivery: PDF  Request Free Sample

    Industry Trends

    Asia Pacific Medical Imaging Market share was valued at USD 8.6 billion in 2019 and is expected to witness 7.3% CAGR from 2019 to 2026.

    Asia Pacific Medical Imaging Market

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    Technological advancements and innovations in medical imaging systems in developing economies will accelerate the market demand. Rising necessity for portable CT scanners or ultrasound devices to improve patient outcomes and operational efficiency will positively influence the business progression. Prominent industry players operating in developing economies aim to enhance and improve diagnostic performance of imaging devices for advanced patient care. Technological innovations and rising production of advanced imaging devices in the developing economies to accurately diagnose patient’s health conditions will propel the industry growth.

    Asia Pacific Market Share, By Product

    The Asia Pacific product segment covers magnetic resonance imaging (MRI), mammography, X-ray devices, computed tomography, nuclear imaging and ultrasound. Mammography segment accounted for more than USD 690 million revenue size in 2019. Increasing cases of breast cancer will drive the demand for mammography devices. Mammography detects early breast cancer in women experiencing less or minimal symptoms that surges it adoption rate. The emergence of digital mammography has surged the segmental demand among patient’s and healthcare professionals than traditional film mammography due to its wide ranging applications. Breast tomosynthesis, dual modality mammographic fusion and contrast-enhanced mammography are some of the prominent applications that secures the overall segmental expansion. In addition, the digital imaging mammography is faster and provides digital mammogram results immediately for better patient management. Thus, above mentioned factors proves beneficial for the business growth.

    Asia Pacific Market Size, By End-use

    Asia Pacific Medical Imaging Market

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    The medical imaging end-use segment is divided into diagnostic centres, hospitals and others. The hospitals segment was valued over 46% market value in 2019. The segmental progression is attributable to increasing demand for medical imaging devices such as MRI, CT scan, mammography and other imaging modalities at hospital settings. All the major surgeries are performed at hospitals due to availability of advanced medical infrastructure and technologically upgraded medical imaging systems. Moreover, most of the public hospitals are well equipped with therapeutic and diagnostic imaging devices that augments the segmental growth.

    Asia Pacific Market Growth, By Country

    The Japan medical imaging market held over 6.4% CAGR over the analysis timeframe. Increasing prevalence of infectious and chronic disorders in Asia Pacific region is the key factor stimulating regional business growth. Rising healthcare expenditure in Japan will prove beneficial for market growth. Rise in healthcare expenditures leads to subsequent increase in the adoption of superior quality medical imaging devices. Also, growing investment in R&D activities to develop novel imaging systems for easy monitoring and diagnosis will favour the business growth.

    Competitive Market Share

    Some of the prominent players functioning in the market are Esaote, Canon Medical System, Samsung Medison, Hologic, Fujifilm, Siemens Healthineers, Carestream Health, Philips, Konica Minolta, and GE Healthcare. The business players are adopting strategies such as expansion and innovations in product to expand their customer base and cater to the growing demand. For instance, in July 2019, Fujifilm Corporation launched Tomosynthesis option for ASPIRE Cristalle mammography System. This strategy helped the company to increase its mammography medical imaging systems portfolio.

    Industry Background

    Medical imaging commenced with radiography after the discovery of X-rays in 1895 by Wilhelm Roentgen, a German professor of physics. Later, in 1950s nuclear magnetic resonance was discovered by American Scientists namely Edward Purcell and Felix Bloch. Ultrasound was developed by Donald, a Scottish physician to examine the use of ultrasound to diagnose gynaecological patients. Similarly, in 1967, an electrical engineer named Godfrey Hounsfield developed the idea of computed tomography. And later in 1973, American chemist named Paul Lauterbur developed the first magnetic resonance imaging (MRI) using nuclear magnetic resonance data as well as computer calculations of tomography. Therefore, development of these imaging modalities for diagnosing and treating patient’s health with several government rules & regulations proved beneficial for the market growth. 

    Frequently Asked Question(FAQ) :

    How much did the Asia Pacific Medical Imaging market size account for in 2019?
    The market size of Asia Pacific Medical Imaging was valued over USD 8.6 billion in 2019.
    What is the expected growth rate for Asia Pacific Medical Imaging industry share during the forecast timespan?
    The industry share of Asia Pacific Medical Imaging is projected to witness 7.3% growth rate during 2020 to 2026.
    Which are the prominent Asia Pacific Medical Imaging manufacturers?
    Some of the prominent players functioning in the market are Esaote, Canon Medical System, Samsung Medison, Hologic, Fujifilm, Siemens Healthineers, Carestream Health, Philips, Konica Minolta, and GE Healthcare.

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