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The market is segmented by Product Type (X-ray Equipment, MRI, Ultrasound, Computed Tomography, and Other Product Types), Application.
The China diagnostic imaging equipment market is expected to show healthy growth owing to the growing prevalence of chronic diseases, growing geriatric population and increased adoption of advanced technologies in medical imaging.
With the rising geriatric population, the country is found witnessing a significant increase in the number of patients suffering from chronic diseases. According to the WHO, China is aging much faster than other low and middle-income countries. In 2013, there were around 22.6 million people that are aged 80 years or over in the country, and by 2050 the number is expected to increase fourfold to 90.4 million representing the world’s largest population of this most elderly age group.
Hence it is seen that majority of the elderly population are utilizing diagnostic imaging techniques, as compared to the younger people. Therefore the growing geriatric population is expected to augment the demand for diagnostic imaging equipment market.
There are also many advancements made in the field that are accelerating the speed to capture high-quality diagnostic images, capturing images at the right place and right time, in order to help provide better patient care at less cost, thus automating the workflow, and acting as one of the major drivers of the market.
As per the scope of the report, diagnostic imaging captures images of the internal structure of the human body using electromagnetic radiation for an accurate diagnosis. There are various types of medical imaging, the most common ones being CT scanners, MRI systems, etc. Applications of such devices include prevention, diagnosis, and treatment of various diseases and conditions. The increasing focus on the development of nuclear imaging devices is expected to boost the market.
|By Product Type|
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Cancer incidence and mortality have been increasing in China for a long time, thus making it the leading cause of death since 2010 and a major public health problem in the country. China is the most populous country in the world with an estimated population of nearly 1.42 billion, is found to have around 4.51 million cancer cases and 3.04 million cancer deaths, which has impacted the functional status, psychological well-being, and quality of life of its cancer sufferers and relatives. The rising burden is also attributable to population growth and aging and to sociodemographic changes. Hence the rising prevalence of various types of cancer in China and the increasing need for cost-effective diagnosis using advanced cancer imaging techniques are expected to drive the market.
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The leading vendors in the market are launching advanced diagnostic imaging equipment. These companies have also been involved in the acquisition of related healthcare companies, in order to improve their product portfolio, geographical presence, and growth. By incorporating the acquired technologies, the companies are driving product innovation.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in the Prevalence of Chronic Diseases
4.2.2 Growing Geriatric Population
4.2.3 Increased Adoption of Advanced Technologies in Medical Imaging
4.3 Market Restraints
4.3.1 High Costs Associated With the Devices
4.3.2 Side Effects of Diagnostic Imaging Procedures
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.2 Computed Tomography
5.1.5 Nuclear Imaging
5.2 By Application
5.2.7 Other Applications
5.3 By End-User
5.3.2 Diagnostic Centers
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Canon Medical Systems Corporation
6.1.2 Carestream Health Inc.
6.1.3 Fujifilm Holding
6.1.4 GE Healthcare
6.1.5 Hitachi Medical Systems
6.1.6 Hologic Corporation
6.1.7 Philips Healthcare
6.1.8 Shimadzu Medical
6.1.9 Siemens Healthcare
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments