BRIC diagnostic imaging equipment market growing at 9.2% CAGR and projected to reach USD 8.3 billion by 2024 from USD 5.3 billion in 2019. Diagnostic imaging is use of electromagnetic radiation in combination with other technologies by employing diagnostic imaging devices, to produce images of internal human body structures in order to diagnose accurately. BRIC diagnostic imaging equipment market is broadly segmented into.
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BRIC diagnostic imaging equipment market is segmented into MRI systems, ultrasound systems, CT scanners, X-ray imaging systems, nuclear imaging systems, and mammography systems. In 2018, the MRI systems segment accounted for the largest share of this market. Advances in technology such as superconducting (SC) magnets, open architecture, high-field MRI, and software applications; growing awareness about the benefits of early diagnosis.
“The MRI systems segment accounted for the largest share of the BRIC diagnostic imaging equipment market in 2018.”
The major factors driving the growth of the BRIC diagnostic imaging equipment market include the rising burden of target diseases and increasing investments, funds, and grants for the modernization of imaging facilities.
BRIC diagnostic imaging equipment market is segmented into four major countries, namely, Brazil, Russia, India, and China. China is expected to grow at the highest CAGR during the forecast period. The increasing burden of target diseases and growing preference for advanced diagnostic techniques among healthcare professionals in the country are the key contributing factors for the growth of this market.
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Key Market Players
The major players in the market include GE Healthcare (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Canon Medical Systems Corporation (Japan), Carestream Health, Inc. (US), Hologic, Inc. (US), Hitachi, Ltd. (Japan), Allengers (India), CURA Healthcare (India), Neusoft Corporation (China), NP JSC Amico (Russia), SONTU Medical Imaging Equipment Co., Ltd. (China), FUJIFILM Holdings Corporation (Japan), and United Imaging Healthcare Co, Ltd. (China), among others.
Recent Developments:
• In 2019, GE Healthcare (US) has launched ‘Vector CT Scan’ in China.
• In 2019, Hitachi, Ltd. (Japan) launched three new systems ARIETTA 65, ARIETTA 50, and ARIETTA 50 LE at the European Society of Radiology (ECR) in Russia.
• In 2019, Koninklijke Philips N.V. (Netherlands) launched the EPIQ Elite ultrasound system for general imaging as well as obstetrics & gynecology platforms in India.
• In 2018, Siemens Healthineers (Germany) introduced its Mammomat Revelation Mammography System and NX Series Ultrasound machines in India.
• In 2018, Canon Medical Systems Corporation (Japan) launched Aplio i 800, a high-end ultrasound diagnostic system.
• In 2017, Carestream Health (US) introduced the CS 9300 CBCT for dental 3D imaging in India.
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Research Coverage
This report studies the BRIC diagnostic imaging equipment market based on modality, end user, and country. The report also studies factors such as drivers, restraints, opportunities, and challenges affecting market growth. It also provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main countries.
Key Benefits of Buying the Report
This report focuses on various levels of analysis—industry trends, market shares of top players, and company profiles, which together form basic views. It also analyzes the competitive landscape; and high-growth countries and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.
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