emerging growth opportunities of diagnostic imaging equipment market in bric countries
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Diagnostic Imaging Equipment Market by Modality
November 2014
The BRIC diagnostic imaging equipment market is estimated to grow at a CAGR of 10.5% and reach USD 7.6 billion by 2018. The growth of the BRIC diagnostic imaging equipment market is primarily triggered by factors such as increasing launches of low-cost diagnostic imaging systems, growing prevalence of cancer and cardiac diseases, rapidly aging population, and rising public and private funding to develop healthcare infrastructure in the emerging countries.
In addition, numerous initiatives have been taken by leading market players, such as launch of diagnostics centers and academic institutes to improve diagnostic imaging facilities in BRIC nation. These initiatives are further aiding the growth of the BRIC diagnostic imaging equipment market.
MARKET INSIGHTS
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Diagnostic Imaging Equipment Market by Modality
However, factors such as high cost of diagnostic imaging systems, side-effects of radiation exposure, and shortage of helium are restraining the growth of the BRIC diagnostic imaging equipment market. Improving healthcare infrastructure and low cost of imaging procedures in emerging markets are creating opportunities for the growth of the diagnostic imaging equipment market in BRIC countries.
MARKET INSIGHTS
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Diagnostic Imaging Equipment Market by Modality
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China accounted for the largest share of 45% of the BRIC diagnostic imaging equipment market in 2013, followed by Russia. China is also poised to grow at the highest CAGR of 12% in next five years.
The growth of the Chinese diagnostic imaging equipment market is primarily driven by rising government investments to improve its healthcare facilities (opening new hospitals and clinics) in rural areas, increasing incidence and prevalence of target diseases, and rapidly aging population. Likewise, rising efforts by domestic players to expand their customer base in China is further fuelling the growth of the diagnostic imaging equipment market.
Diagnostic Imaging Equipment Market by Modality
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MARKET DRIVERS AND CHALLENGES
The ultrasound system segment held the largest share of the BRIC diagnostic imaging equipment market in 2013 and is poised to grow at a CAGR of 11.4% in the forecast period. Factors such as the increasing number of product launches, the rising incidence and prevalence of liver and breast cancer, and growing awareness on diagnostic imaging are propelling the growth of the ultrasound systems market in BRIC countries.
Diagnostic Imaging Equipment Market by Modality
Based on type of modality, the BRIC diagnostic imaging equipment market is divided into six segments, namely, ultrasound systems, X-ray imaging systems, computed tomography (CT) systems, magnetic resonance imaging (MRI) systems, nuclear imaging systems (comprise SPECT and PET systems), and mammography systems.
Each of these segments is further sub segmented based on product type. Ultrasound systems market is further sub segmented by technology (color Doppler ultrasound imaging systems and black & white ultrasound imaging systems) and portability (trolley-based and compact/portable ultrasound imaging systems)
The X-ray imaging systems segment is further sub segmented by technology (analog X and digital (computed radiography and direct radiography)) and portability (stationary and portable)
PRODUCT SEGMENTS
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Diagnostic Imaging Equipment Market by Modality
The MRI systems market is divided by architecture (closed MRI and open MRI) and field strength (high-field, very high-field, and low-to-mid-field MRI systems)
Mammography systems are segmented on the basis of technology into analog mammography and digital mammography
Likewise, the market for CT scanners is further segmented on the basis of slice type (mid-end slice CT scanners, low-end slice CT scanners, and high-end slice CT scanners)
PRODUCT SEGMENTS
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Diagnostic Imaging Equipment Market by Modality
Market Penetration: Comprehensive information on product portfolios and services offered by the major 10 players in the BRIC diagnostic imaging equipment market. The report analyzes diagnostic imaging equipment's based on type of modalities and sub segments across BRIC nations
Product Development/Innovation: Detailed insights on the fast-growing diagnostic imaging technologies, research and development activities, and new product launches in the BRIC diagnostic imaging equipment market
Market Development: Comprehensive information about lucrative emerging markets (Including Brazil, Russia, India, China). The report analyzes the markets for various diagnostic imaging equipment across BRIC nations
REPORT COVERAGE
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Diagnostic Imaging Equipment Market by Modality
Market Diversification: Exhaustive information about new products, recent developments, and investments in the BRIC diagnostic imaging equipment market
Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the BRIC diagnostic imaging equipment market
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Diagnostic Imaging Equipment Market by Modality
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From an insight perspective, this research report has focused on various levels of analysis such as market share analysis; market segmentation on the basis of types of modality; country-specific (BRIC) analysis and company profiles, which together comprise and discuss basic views on competitive landscape, high growth segments of the diagnostic imaging equipment market, government initiatives, and restraints, drivers, and opportunities
Report enables both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help them garner a greater market share
Firms purchasing the report could use one or any combination of five strategies - market penetration, product development/innovation, market development, market diversification, and competitive assessment; for strengthening their market share.
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Diagnostic Imaging Equipment Market by Modality
The BRIC diagnostic imaging equipment market is highly competitive, with a large number of international as well as domestic market players. GE Healthcare (U.K.), Philips Healthcare (Netherlands), and Siemens Healthcare (Germany) dominated the BRIC diagnostic imaging equipment market in 2013.
New product launches and product developments are the key growth strategies adopted by market players. Along with these strategies, expansions, partnerships, agreements, and collaborations were also adopted by a significant number of market players to strengthen their product portfolio and expand their presence.
KEY VENDORS IN THE MARKET
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Diagnostic Imaging Equipment Market by Modality
Introduction
Research methodology
Executive summary
Premium insights
Market overview
Industry insights
BRIC diagnostic imaging equipment market, by modality and by country
Competitive landscape
Company profiles
Appendix
TABLE OF CONTENTS
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Diagnostic Imaging Equipment Market by Modality
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Publish date: Nov 04, 2014
Number of slides: 191
Geographic coverage: Global
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Diagnostic Imaging Equipment Market by Modality
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Diagnostic Imaging Equipment Market by Modality