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Diagnostic Imaging Devices Market on Track to US$35,793.4 million in 2020

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Diagnostic Imaging Devices Market on Track to US$35,793.4 million in 2020
Diagnostic Imaging Device Market Will Reach US$35,793.4 million in 2020
According to a new market report published by Persistence Market Research “Global Market Study
on Diagnostic Imaging Devices: Asia-Pacific to Witness Highest Growth by 2020,” the global
diagnostic imaging devices market was valued at USD 26,477.1 million in 2014 and is expected to
grow at a CAGR of 5.2% from 2014 to 2020, to reach an estimated value of USD 35,793.4 million
in 2020.
The global diagnostic imaging devices market is growing at a moderate rate owing to increasing
prevalence of chronic diseases and injuries, and growing aging population. Moreover, factors such
as rising initiatives undertaken by government associations to boost awareness of the effects and
complications of tuberculosis, cardiovascular diseases, and cancer, and technological advancement
and widening application of diagnostic imaging devices are driving the global diagnostic imaging
devices market.
Diagnostic Imaging Device Market Research Report Overview @
https://www.persistencemarketresearch.com/market-research/diagnostic-imaging-devicesmarket.asp
In addition, increasing funding from government bodies is also promoting the use of diagnostic
imaging devices in the regions. However, factors such as strict regulatory requirements and
heightened risk of cancer owing to exposure to radiation are inhibiting the market growth. The
global diagnostic imaging devices market is anticipated to grow from an estimated USD 26,477.1
million in 2014 to USD 35,793.4 million in 2020 at a CAGR of 5.2% during the forecast period.
In North America, growing aging population, increasing health awareness, rising chronic diseases
and injuries, large number of ongoing research activities and faster adoption of technologically
advanced imaging systems are driving the use of diagnostic imaging devices in the market.
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In Europe, the diagnostic imaging devices market is driven by rising diagnostic requirements due to
increasing prevalence of chronic diseases and injuries, and aging population. For instance,
according to a paper published on Cancer Incidence and Mortality Pattern in Europe, by
International Agency for Research on Cancer in France, approximately, 3.45 million new cases of
cancer were diagnosed in Europe in 2012.
Download and View Report TOC, Figures and Tables @
https://www.persistencemarketresearch.com/market-research/diagnostic-imaging-devicesmarket/toc
However, in Asia-Pacific the growth for diagnostic imaging devices is much higher than developed
countries due to growing awareness about benefits of early diagnosis of disease among individuals,
large population base, upgradation of health care systems and increasing prevalence of chronic
diseases ,Siemens Healthcare, Hitachi, Ltd., Carestream, Health, Inc., Samsung Electronics Co.,
Ltd., Toshiba Corporation, Koninklijke Philips N.V., and General Electric Company are some of the
major players in diagnostic imaging devices market.
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