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    North America Medical Imaging Market Forecast 2026 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), Research Report, Country Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: December 2020   |   Report ID: GR1552   |   Delivery: PDF  Request Free Sample

    North America Medical Imaging Market size surpassed USD 12.1 billion in 2019 and is projected to exhibit a CAGR of 5.6% from 2020 to 2026.

    North America Medical Imaging Market

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    Rising disease burden along with rapidly growing elderly population base will accelerate the market growth. Availability of advanced medical imaging modalities such as portable ultrasound and portable CT scanners that offers easy and relevant health information for clinical assessment of elderly population will propel the industry progression. Increasing adoption of these systems for cardiology, emergency medicine, obstetrics and gynaecology as well as critical care anaesthesiology for the care of ICU patients will surge its demand. Moreover, surging geriatric population base will enhance the demand for medical imaging devices for proper disease diagnosis and treatment.

    North America Medical Imaging Market, By Product

    The X-ray devices segment accounted for USD 3.5 billion revenue in 2019. X-ray devices have therapeutic applications and are used to treat malignant tumours. X-ray devices are highly preferred owing to its low cost compared to other imaging modalities. Another advantage of using X-ray devices is operational ease and efficiency as compared to MRI and CT scanners. However, increasing awareness pertaining to the side effects of the X-ray technology is predicted to hamper the industry growth. 

    North America Market, By End-use

    North America Medical Imaging Market

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    The hospitals end-use segment dominated around 44% market share in 2019, attributed to surging application of CT scanners, MRI and other imaging modalities in hospitals for effective diagnosis, and treatment fostering the market growth. Availability of well-developed infrastructure and skilled healthcare professionals in hospital settings will further escalate the industry outlook. 

    North America Market, By Country

    The U.S. medical imaging market will showcase around 5.5% growth rate during the forecast period. Presence of leading companies offering a wide range of medical imaging devices will fuel the market demand. Rising number of chronic disorders across the U.S. is one of the major impact rendering factors in the market. According to the CDC, chronic diseases such as cancer, heart diseases and diabetes are the leading cause of disability and death in the U.S.

    Competitive Industry Landscape

    Prominent participants operating across the North America medical imaging market include Canon Medical System, Fujifilm, Konica Minolta, Esaote, Samsung Medison, Siemens Healthineers, Carestream Health, Philips, GE Healthcare and Hologic. The companies are adopting numerous growth strategies to maintain strong foothold in the industry. For instance, in March 2020, Esaote increased the production of portable ultrasound by 70-80% owing to the surging demand for ultrasound systems across the Europe and U.S. This strategy will help the company in strengthening its customer base. 

    Frequently Asked Question(FAQ) :

    How much size did the North America Medical Imaging market register in 2019?
    The market size of North America Medical Imaging surpassed USD 12.1 billion in 2019.
    How much will the North America Medical Imaging industry share grow during the forecast timeline?
    The industry share of online gambling is anticipated to grow at 5.6% CAGR between 2020 and 2026.
    Which factor to accelerate the market growth in U.S.?
    The U.S. medical imaging market accounted for around 5.5% CAGR and is expected to dominate the market over the analysis period. Rising number of chronic disorders across the U.S. is one of the major impact rendering factors in medical imaging market.

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