The diagnostic imaging devices market refers to the use of technology to create visual representations of the interior of the body for medical diagnosis. Diagnostic imaging devices include X-ray machines, computed tomography (CT) scanners, magnetic resonance imaging (MRI) machines, ultrasound machines, and nuclear medicine imaging devices. The market for diagnostic imaging devices has been growing rapidly due to increasing demand for non-invasive diagnostic techniques, advances in technology, and rising prevalence of chronic diseases.
The global diagnostic imaging devices market grew from USD 26,477.1 million in 2014 to USD 35,793.4 million in 2020 at a CAGR of 5.2%. The demand for diagnostic imaging devices is expected to continue growing due to the increasing prevalence of chronic diseases such as cancer, cardiovascular disease, and neurological disorders.
The diagnostic imaging devices market is segmented by technology, application, end user, and region. The two main types of technology used in diagnostic imaging devices are ionizing radiation and non-ionizing radiation. The market is also segmented by application, with the largest segments being oncology, cardiology, neurology, and orthopedics.
The major players in the diagnostic imaging devices market include Siemens Healthineers, GE Healthcare, Philips Healthcare, and Canon Medical Systems Corporation. Other notable companies in the market include Hitachi Medical Systems, Hologic Inc., and Carestream Health Inc. The market is highly competitive, with companies investing in research and development to improve imaging quality, reduce radiation exposure, and develop new imaging techniques.
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