Portable diagnostic equipment is expected to be a fast growing
segment, and competitors are focusing on developing new and innovative portable
equipment during the forecast period. Owing to their ease of use and
point-of-care applications, their adoption rates are steadily increasing not
only for emergency and intensive care units in hospitals, but also as a part of
homecare organizations. There is also a growing need for portable devices in
the emergency care units for easy and quick usage, faster interventions for
acute events, and better monitoring. Some of the well-known products are Samsung
Electronics’ 32-SLICE CT scanner, Brain Biosciences’ CERPET portable PET
scanner, Siemens Healthcare’s Mobilett mira max portable X-ray systems and
Sonosite’s MicroMaxx portable ultrasound system.
THE BUSINESS RESEARCH COMPANY EXPECTS THE DIAGNOSTIC
EQUIPMENT MARKET TO GROW TO $50 BILLION BY 2021
Asia Pacific was the largest region in
the diagnostic equipment market in 2017, accounting for slightly more than
one-third of market share.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, the market has witnessed multiple strategic collaborations and agreements in recent years. Top companies in the diagnostic equipment market are strategically partnering and collaborating with start-ups and mid-sized companies to broaden products and services. For instance, in April 2015, Agfa Healthcare and Hitachi Medical Systems entered into a strategic sales marketing alliance to market CR and DR systems in the US market. In August 2016, Insightec, the leader in MR guided Focused Ultrasound (MRgFUS) therapy, signed new distribution agreements with three new part partners, Soelim in the Korean market, Unique Medical in the Slovakian market, and Spektramed in the Lithuanian market. In May 2016, SonaCare Medical enters into marketing alliance with Invivo in order to facilitate better tracking of appropriate targets for high-intensity focused ultrasound (HIFU) prostate ablation.
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Philips
Healthcare was the largest competitor in the market with 17.45% of the market,
generating revenues of $7.4 billion for the financial year 2016. Philips Healthcare’s growth strategy is to enter and expand in
new areas of healthcare equipment market through merger and acquisition. In
February 2015, it acquired Volcano Corporation to expand its business
operations and product portfolio in the interventional imaging solutions market
and image-guided minimally invasive surgery market and boost its growth in the
market.
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. Diagnostic
equipment is used in medical imaging, a process of creating visual
representations of the interior of a body for clinical analysis and medical
intervention. It plays a vital role, not only in the diagnosis but also in the
treatment process, since it is taken into consideration during the follow-up of
various diseases.
Diagnostic Equipment
Global Market Report 2018 is a detailed report giving a unique insight into
this market. The report is priced at $4000 for an individual user. To use
across your office, the price is $6000 and $8000 if you wish to use across a
multinational company.
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