Global Vascular Imaging Systems Market: Outlook
Global Vascular Imaging Systems Market report provides analysis for the period 2014–2024, wherein the period from 2018 to 2024 is the forecast period. The market is expected to grow with a CAGR over 6.4% in terms of value. The given market growth is influenced by numerous factors such as an increase in the aging population, Increasing prevalence of cardiovascular diseases and cancer, technological advancements in vascular imaging systems, increase in healthcare expenditure etc.
The overall report demonstrates market dynamics such as trends, drivers, restraints, and opportunities influence the current nature and future scenario of the said market.
Global Vascular Imaging Systems Market: Scope Of The Report
Based on the type of product, the market is segmented into CT, MRI, X-ray, Ultrasound and nuclear imaging. On the basis of application, the market is segmented into cardiology, oncology, and neurology. Based on end user the market is categorised into Hospitals, Specialty clinics, and Diagnostic centers. Finally, the report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East, and Africa & Latin America along with the qualitative analysis for market estimates that boosts the growth of the Global Vascular Imaging Systems Market during the forecast period.
The report also highlights the competitive landscape of the Global Vascular Imaging Systems Market that includes the company overview, the products & offerings, Market Share Analysis, strategic decisions taken by the company, launch of new products and financial highlights.
Global Vascular Imaging Systems Market: Key Stakeholders
Vascular imaging systems manufacturing companies
Suppliers and distributors of MRI, CT, X-ray,
ultrasound, PET, and SPECT
Healthcare service providers, specialty clinis
and diagnostic centres
Market research and consulting firms
Government bodies/municipal corporations
Global Vascular Imaging Systems, Revenue Forecast, USD (Million) 2014-2024
Global Vascular Imaging Systems Market: Research Methodology
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global vascular Imaging Systems market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
Global Vascular Imaging Systems Market: Research Summary
The Global vascular Imaging Systems Market is growing at a significant rate due to increasing prevalence of cardiovascular diseases and cancer, growth in aging population, widespread increase in the availability of vascular imaging systems, increase in vascular imaging awareness campaigns, technological advancement, and increase in healthcare expenditure.
As per the findings of the research, CT has been
the largest revenue contributor to the global vascular imaging Systems market
as compared to other products contributing over 38.9% in 2017 that is expected
to reach over 40.2% by 2024.
Based on type, the global nuclear imaging market
is categorized into PET and SPECT. This PET segment contributed 60.6% and the
SPECT segment contributed over 39.4% to the global market in 2017. The
contribution by PET to the market is expected to reach over 63.8% by 2024.
Cardiology is the largest application area of
this market and is estimated to contribute over 38.0% in 2017. The factors such
as the number of cardiovascular diseases diagnosed by vascular imaging systems,
increase in adoption of vascular imaging equipment owing to increase in
awareness campaigns. Oncology segment is expected to contribute over 31.5% in
global market during 2024.
Hospitals were the largest contributor to the
North America vascular imaging systems market in 2017, with the overall share
standing at 50.9%. The contribution of End User – hospitals In Vascular imaging
systems is expected to increase from 50.9% to 51.8% in the anticipated period.
Global Vascular Imaging Systems Market: Competitive Dynamics
Prominent market players of the industry follow certain strategies to gain significant market share such as acquisition & merger, enhancing product portfolio and expanding geographical footprints. The major market players of the industry are Siemens AG, General Electric Company, Hitachi, Ltd, Koninklijke Philips N.V, Carestream Health Inc, Canon Inc, Shimadzu Corporation, Hologic Inc and Esaote S.P.A. Other than these companies there are several small-scale and large –scale industries involve in the market which also hold significant market share.