Diagnostic equipment is used for identifying the presence and cause of
disease, assessing the nature of disease, designating a course of treatment,
monitoring the effects of interventions and determining the recurrence of
existing disease. The global diagnostic equipment market comprises of
organizations engaged in the manufacturing and marketing of equipment such as magnetic
resonance imaging systems (MRI), computed
tomography (CT) scanners, X-rays, nuclear
imaging (SPECT/PET), mammography devices, cardiovascular monitoring and
diagnostic devices, ultrasound devices, and accessories. These devices are used
in the diagnosis and treatment of various diseases. These methods are
used individually or as a combination for a better understanding of the medical
condition.
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The global
diagnostic equipment market is valued at nearly $43 billion in 2017.
In the
report, the global diagnostic equipment market is divided into six segments,
namely X-ray systems, ultrasound systems, computed tomography (CT) scanners,
magnetic resonance imaging systems, cardiovascular monitoring and diagnostic
devices, and nuclear imaging devices. While the first and the second segments
account for nearly three-fifth of the market, the remaining share is attributed
to the other four segments.
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The USA
was the largest country in the diagnostic equipment market in 2017, accounting
for more than one-fifth of the market share. China and Germany followed the USA
as the next largest countries in the market.
The
diagnostic equipment market is fragmented with a number of large and small
organizations. The top five competitors in the market
made up almost 54% of the total market in 2017. Philips Healthcare was the largest
competitor of the market, followed by Hitachi Medical Systems and Fujifilm
Holdings. Philips Healthcare develops and distributes enterprise-wide
medical image and information management solutions. It is headquartered in
Foster City, California. It was founded in 1998 and is a subsidiary of
Koninklijke Philips N. V.
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