Diagnostic Imaging, also known as Medical Imaging, is the technique of creating visual representations of the interiors of a body for clinical analysis and medical intervention, as well as visual representation of the functions of some organs or tissues.
GCC Diagnostic Imaging Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of GCC 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.
Market Opportunities
According to MarkNtel Advisors’ research report titled “GCC Diagnostic Imaging Market Analysis, 2020”, the GCC Diagnostic Imaging market is anticipated to grow at a significant CAGR during 2020-25. The escalating number of undiagnosed patients, burgeoning government investment toward chronic disorders, and growing awareness amongst people about early diagnosis of diseases are accelerating the demand for diagnostic imaging in the region. Besides this, rapid growth in the number of medical imaging procedures and rising incidences of chronic diseases are leading to a positive impact on diagnostic imaging market growth.
Market Segmentation
MRI Acquired the Highest Market Share
Based on component, MRI acquired the highest market share in the GCC diagnostic imaging in 2019. The factors attributed for the growth of this market include a booming geriatric population, technological advancements in X-ray imaging systems and lower cost associated with X-rays in comparison to other imaging modalities. Moreover, the growing number of installed scanners in the country are expected to upsurge the demand for MRI diagnostics in coming years. Hence, this is anticipated to lead to the market growth of diagnostic imaging in the forthcoming years.
Hospital Acquired the Largest Market Share
Based on end user, hospital acquired the largest market share in 2019 on an account of boost in the number of diagnostic imaging procedures, burgeoning incidences of chronic disorders, and rising adoption of minimally invasive procedures and advanced imaging modalities in hospitals. Thus, these are projected to spur the demand for Diagnostic centres through the forecast period as stated in the MarkNtel Advisors’ research report “GCC Diagnostic Imaging Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the GCC Diagnostic Imaging market include GE Healthcare, Siemens Healthcare, Philips Healthcare, Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Shimadzu Corporation 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 GCC 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 GCC Diagnostic Imaging Market during 2020-25?
A. The growth rate of GCC Diagnostic Imaging Market during 2020-25 is forecast to grow at a significant rate.
Q. Who are the key competitors or players operating in GCC Diagnostic Imaging Market?
A. GE Healthcare, Siemens Healthcare, Philips Healthcare, Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Shimadzu Corporation etc., are few of the leading players in the GCC Diagnostic Imaging Market.
Q. Which application type segment would emerge as an opportunity area for players in GCC Disposable Diagnostic Imaging Market?
A. Oncology is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which country would emerge as an opportunity area for players in GCC Diagnostic Imaging Market?
A. UAE grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of GCC Diagnostic Imaging Market.