SOURCE: MarketResearch.com

MarketResearch.com

April 03, 2012 06:08 ET

Market Research Projects Diagnostic Imaging Market in Emerging Countries at $4.5 Billion by 2017

ROCKVILLE, MD--(Marketwire - Apr 3, 2012) - MarketResearch.com has announced the addition of the new report "Diagnostic Imaging Market in Emerging Countries (China, India and Brazil) to 2017 - Increasing Investments by Private Players in Chains of Retail Diagnostic Centers to Propel the Market," to their collection of Radiography & X-Rays market reports. For more information, visit http://www.marketresearch.com/GBI-Research-v3759/Diagnostic-Imaging-Emerging-Countries-China-6871118

The market for diagnostic imaging in emerging countries (China, India and Brazil) is expected to grow at a Compound Annual Growth Rate (CAGR) of 7% to reach $4.5 billion in 2017. The market is expected to be driven by the increasing elderly population in these countries along with the substantial increase in disposable income which has improved the healthcare affordability of the general population. Market growth in the emerging countries over the next eight years is also anticipated due to the increasing awareness of prenatal testing, osteoporosis and the growing adoption of technological advances in radio imaging procedures.

China is the largest diagnostic imaging market among the emerging countries with 55% contribution. In 2010, the diagnostic imaging market in China was valued at $1.5 billion and is expected to reach $2.6 billion by 2017. Brazil was the second largest diagnostic imaging market among the emerging countries valued at $715.5m in 2010. The diagnostic imaging market in India was worth $557.2m in 2010 and is estimated to reach $930.4m by 2017. The Chinese diagnostic imaging market is characterized by the presence of major domestic players with strong capabilities on Research and Development (R&D). This helps in development of cost effective domestic products for countries such as China and India.

In 2010, GE Healthcare, with a share of 20%, was the leader in the diagnostic imaging market in the emerging countries, followed by Siemens Healthcare and Philips Healthcare with a 19% and 12% share, respectively. Other key players in the market are Toshiba Medical Systems, Hitachi Medical Corporation and Shimadzu Corporation. Strong product portfolios catering to various categories within the diagnostic imaging market have helped GE Healthcare and Siemens Healthcare to gain a competitive advantage in the emerging countries.

For more information, visit http://www.marketresearch.com/GBI-Research-v3759/Diagnostic-Imaging-Emerging-Countries-China-6871118

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