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Radiology Devices Market Overview, Size, Share, Growth, Business Scenario, Insights, Industry Analysis, Trends, and Forecast Report 2029

23 Jul | By Aakash Choudhary
Radiology Devices Market Overview, Size, Share, Growth, Business Scenario, Insights, Industry Analysis, Trends, and Forecast Report 2029
Radiology Devices

Research Nester released a report titled “Radiology Devices Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the radiology devices market in terms of market segmentation by product type, application and region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The radiology devices market is projected to grow with a moderate CAGR during the forecast period, i.e., 2021-2029 on account of the growth in geriatric population and consequent rise in prevalence of age-related issues. As per WHO, the burden of chronic diseases was estimated to reach 57% by 2020 on a global level.

The market is segmented by product type into X-ray device, CT scanner, MRI equipment, ultrasound imaging system, nuclear imaging system, and others. Among these segments, the MRI equipment segment is anticipated to hold the largest share by the end of 2021 in the radiology devices market as a result of the soaring demand for early and accurate diagnosis along with technological developments in the segment. It is also gaining worldwide recognition for its usage by hospitals and imaging centers on a global scale.

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the radiology devices market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to the presence of most developed technology, accompanied by the presence of leading healthcare service providers in the region.

Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-2989

Rapidly Increasing Geriatric Population and Consequent Increase in Prevalence of Age-Related Diseases to Drive Market Growth

According to the United Nations, it is projected that by 2050, every one in six people will be 65 years or older. Along with this, the number of persons above 80 years or older is also anticipated to triple by the end of 2050.

Age is one of the most predominant risk factors for chronic diseases. It has been observed that individuals whose age is above 65 years or more possess a high risk of suffering from chronic diseases. Additionally, the rising prevalence of chronic diseases along with advancement of radiological techniques in recent years is also expected to boost the market growth in upcoming years. However, the expensive cost of radiology diagnostic tests and lack of developed healthcare infrastructure in low income economies are some of the factors that are estimated to restrain market growth in the near future.

This report also provides the existing competitive scenario of some of the key players of the radiology devices market which includes company profiling of Canon Medical Systems Corporation, Esaote SpA, GE Healthcare, Fujifilm Holdings Corporation, CurveBeam LLC, Hitachi Medical Systems, Samsung Electronics (KRX), Siemens Healthineers (ETR: SHL) and Mindtray Medical International (SHE). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the radiology devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Download/Request Sample Copy of Strategic Report:   https://www.researchnester.com/sample-request-2989

About Research Nester

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact for more Info:

AJ Daniel

Email: info@researchnester.com

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

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