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HomeHealth NewsSurging Geriatric Population Propelling Global Diagnostic Imaging Systems Market Expansion

Surging Geriatric Population Propelling Global Diagnostic Imaging Systems Market Expansion

The diagnostic imaging systems market will touch USD 70.0 billion, with a 5.8% compound annual growth rate, by 2030. The growth in this industry is ascribed to the increasing healthcare expenses, mounting cases of chronic ailments, and the mounting elderly populace.  

Additionally, the rising need for diagnostic imaging measures, the growing count of diagnostic imaging centers, and technological developments in diagnostic imaging also aid this expansion. 

In recent years, the X-ray imaging systems category, based on product, led the industry, and it will remain leading throughout this decade. This is because of the high acceptance and cost-effectiveness of these imaging systems across different medical application areas, such as dentistry, orthopedics, and cardiology. 

In recent years, digital technology, under the X-ray imaging systems category, led the industry, and it will propel at a faster during this decade. This will be because of the quicker image creation & sharing, easier usage than conventional analog systems, and easy data storage, which have made this technology significantly prevalent in the key nations. 

Whereas, the nuclear imaging systems category will advance at the fastest rate in the years to come. This will be mainly because of the rising acceptance of these imaging systems for cancer treatment or staging, because of the surging occurrence of cancer globally. 

The cardiological category, on the basis of application, will be the largest contributor to the diagnostic imaging systems market by 2030. This can be primarily because of the high occurrence of cardiovascular diseases (CVDs) all over the globe.  

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As per the WHO, cardiovascular diseases are the major cause of death all over the world, primarily because of risk factors like smoking, hypertension, diabetes, and obesity. 

In the past few years, the diagnostic imaging centers category, based on end user, accounted for the largest share. This can be mainly because of the high acceptance of these systems at diagnostic centers, coupled with the growing fondness of people for these centers for early illness diagnosis. 

North America accounted for the largest share of the industry in the past few years. This can be primarily because of the surging occurrence of chronic ailments, increasing healthcare expenses, and the existence of numerous developed diagnostic centers and hospitals on this continent. 

APAC is likely to propel at the fastest compound annual growth rate in the years to come. This will be mainly because of the mounting incidence of chronic ailments as well as the growing count of diagnostic imaging centers in this region. 

With the increase in healthcare spending and the surging aging populace, the diagnostic imaging systems industry will progress continuously in the coming years. 

SOURCE: P&S Intelligence