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Australia Diagnostic Imaging Equipment Market - Growth, Trends & Forecast (2017 - 2022)

Australia’s diagnostic imaging equipment market is expected to reach USD 1.34 billion by the end of 2020, with MRI, PET, SPECT and CT technologies set to dominate the market. Currently, North America dominates the market with nearly 20% of its gross domestic product spent on healthcare by the USA. The Asia-Pacific is a market that is expected to grow at a faster rate owing to the rapidly aging population and increase in the chronic disease population in this region. It is expected to overtake Europe due to the increasing technological advancements and growing awareness among the population. This escalation is developing the need to analyze, review and forecast the growth of the diagnostic imaging equipment market. Owing to the rapid evolution of the market in the use of imaging technology, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits. Australia Diagnostic Imaging Equipment Market-Market Dynamics The report details several factors driving and restraining the market. Some of these are listed below. Drivers Some of the factors contributing to the growth of the market are: Increasing aging population Increased adoption of diagnostic imaging by the medical industry Technological advances and rapid innovation Increased incidence of chronic diseases Restraints Some of the factors limiting the growth of the market are: Expensive procedures and equipment Side effects of diagnostic imaging procedures Saturation in the developed regions The report studies the markets for different diagnostic imaging products, which include CT, SPECT, PET, MRI, Ultrasound, Scintigraphy, tactile imaging and a few others. MRI currently dominates the diagnostic imaging market globally. What the Report Offers Market analysis for Australia’s diagnostic imaging equipment market, with region-specific assessments and competition analysis on the global and regional scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share for the next five years. Identification and analysis of the macro and micro factors that affect the market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped. The various applications of diagnostic imaging equipment have been discussed in detail, in addition to a comprehensive overview of the market. Download Free Sa

Published By: Mordor Intelligence
Published Date: Q1 2016

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