Asia-Pacific Diagnostic Imaging Market Analysis, 2020 market research report provides exhaustive market analysis and statistics of Asia-Pacific diagnostic imaging market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc. The report also takes into consideration the short term and long-term business impact of COVID-19 on the Asia- Pacific Diagnostic Imaging Market.
Continuous improving medical healthcare facilities and rising healthcare expenditure in countries such as China, India, and Japan are driving the growth of the Diagnostic Imaging market. Growing awareness for early detection of chronic diseases such as cancer is inducing the demand for diagnostic imaging. Moreover, the governments are conducting programs for early detection of chronic diseases to combat these diseases. The need for early diagnosis is leading to an emergence of the need for diagnostic imaging systems in the region. According to MarkNtel Advisors’ research report titled “Asia-Pacific Diagnostic Imaging Market Analysis, 2020”, the Asia-Pacific Diagnostic Imaging market is anticipated to grow at a CAGR of around 7.5% during 2020-25. During 2019-20, COVID-19 breakdown in the region has resulted in massive lockdowns and curfews, eventually disrupting the market value chain. The overall process of procurement, payments, and the entire logistics witnessed a slowdown. The slowdown in the market is expected to persist during 2020-21. However, the growth is set to pick in the 2nd half of 2021.
Hospitals Segment Accounted for the Largest Market Share
Hospitals are providing training and teachings for advanced technology which is expected to propel the growth of diagnostic imaging systems. Southeast Asian countries such as Thailand and other Asian countries such as South Korea and India have seen an uptick in the installation of 3.5T MRI systems. Moreover, escalating foreign direct investment (FDI) policies, and rising awareness about different technologies is fuelling the demand for diagnostic imaging systems as stated in the MarkNtel Advisors’ research report “Asia-Pacific Diagnostic Imaging Market Analysis, 2020”.
Escalating Growth of the X-Ray Segment in Asia-Pacific
MRI Segment acquired the largest market share in 2019, owing to the rising chronic disorder cases in the region. MRI helps in early diagnosis of the disease which is making it more popular in emerging countries. However, the X-Ray segment also accounted for the largest market share owing to the catalyzing number of hospitals, emerging demand for mobile X-rays and retrofitting upgrade kits. Also, the growing aging population in countries is resulting in the amplified growth of the X-ray system. The x-ray segment is anticipated to further witness steady growth during the forecast period.
According to MarkNtel Advisors, few of the leading players are in the Diagnostic Imaging market are GE, Care Stream Health, Fujifilm, Hitachi, Hologic, Philips, Shanghai, Siemens, Canon Medical, Shimadzu, Samsung, etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Asia-Pacific Diagnostic Imaging Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of the Asia-Pacific Diagnostic Imaging Market during 2020-25?
A. The growth rate of the Asia-Pacific Diagnostic Imaging Market during 2020-25 is forecast to be around 7.5%.
Q.Who are the key competitors or players operating in Asia-Pacific Diagnostic Imaging Market?
A. GE, Care Stream Health, Fujifilm, Hitachi, Hologic, Philips, Shanghai, Siemens, Canon Medical, Shimadzu, Samsung, etc. are a few of the leading players in the Asia-Pacific Diagnostic Imaging Market.
Q. Which Application segment would emerge as an opportunity area for players in Asia-Pacific Diagnostic Imaging Market?
A. The cardiology segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which end-user would emerge as an opportunity area for players in Asia-Pacific Diagnostic Imaging Market?
A. The hospital sector grabbed a significant market share continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and suppliers of the Asia-Pacific Diagnostic Imaging Market.