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Increasing Healthcare Expenditure Driving Diagnostic Imaging Systems Market



The market is growing due to the rising healthcare expenditure, increasing prevalence of chronic diseases, surging aging population, rising number of diagnostic imaging centers, increasing need for diagnostic imaging procedures, and technological innovations. The process of creating visual images of the interior parts of the body for clinical analysis and diagnosis of medical conditions is referred to as diagnostic imaging.

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In terms of product, the diagnostic imaging systems market is categorized into magnetic resonance imaging systems, X-ray imaging systems, ultrasound systems, computed tomography (CT) scanners, nuclear imaging systems, and others (which include elastography systems, mammography devices, endoscopes, and fluoroscopy systems). Among these, the X-ray imaging systems dominated the market during the historical period (2014–2018), holding a share of 41.0% in 2018. The category is further predicted to account for the major share of the market during the forecast period because of the rising awareness regarding early diagnosis of diseases.

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The rising need for diagnostic imaging procedures is among the major driving factors of the diagnostic imaging systems market. The governments around the world are focusing on creating awareness among people regarding early diagnosis of chronic diseases, primarily lung cancer, breast cancer, arthritis, cardiovascular diseases, diabetes, and tuberculosis. As diagnostic imaging helps doctors improve healthcare quality and decreases healthcare cost by shortening recovery time and avoiding unnecessary invasive procedures, the demand for different diagnostic imaging systems is projected to increase in the coming years across the globe.

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Another factor driving the growth of the diagnostic imaging systems market is the surging healthcare expenditure, which is taking place due to the rising prevalence of diseases and non-government and government initiatives. This is further leading to the enhancement of the healthcare infrastructure and increased accessibility and affordability of the diagnostic imaging procedures for various medical conditions. The healthcare spending in developed countries of Europe and North America is higher than that of emerging economies. However, the healthcare expenditure in developing nations is projected to increase in the coming years, which, in turn, will drive the market.

Hence, the market is being driven by the growing number of diagnostic centers, increasing healthcare expenditure, and surging need for diagnostic imaging procedures.

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News Release: Increasing Healthcare Expenditure Driving Diagnostic Imaging Systems Market
Submitted on: March 18, 2020 07:08:54 AM
Submitted by: pramod
On behalf of: https://www.psmarketresearch.com/market-analysis/diagnostic-imaging-systems-market/report-sample
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