Global Market for Medical Imaging Reagents and Analysis Equipment to Be Worth $29 Billion In 2014

January 20, 2010

Wellesley, Mass. – According to a new technical market research report, MEDICAL IMAGING REAGENTS AND ANALYSIS EQUIPMENT (HLC040C) from BCC Research (www.bccresearch.com), the value of medical imaging reagents and analysis equipment is an estimated $22.6 billion in 2009, but is expected to increase to $29 billion in 2014, for a 5-year compound annual growth rate (CAGR) of 5.1%.

The largest segment of the market, X-ray and computed tomography, is projected to grow at a CAGR of 3.9% to reach $11.3 billion in 2014. Its value is estimated at $9.3 billion in 2009.

Ultrasound equipment, the second-largest segment of the market, is estimated at $5.2 billion in 2009, and is expected to increase at a 5-year CAGR of 3.4% to reach $6.1 billion in 2014.

The segment with the highest rate of growth, with CAGR of 8.9%, is positron emission tomography and radiopharmaceuticals, which is projected to rise from $3.5 billion in 2009 to nearly $5.3 billion in 2014.

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Medical imaging is the technique and process used to create images of the human body. This technology is a major advancement in modern medical technology and is necessary for clinical purposes and medical sciences. Medical imaging market growth is fueled by the availability of new technologies such as computer and digital information technologies and an increase in the number of older patients. A number of imaging tests has been developed as a result of continuous improvements in technology that combine higher accuracy with rapid and convenient product formats.

Although the industry did see some setbacks in 2008 due to the economic downturn, new advancements and the need for diagnosis through imaging are helping the market to grow.

This study contributes to the areas of market growth in diagnosis through imaging from the point of view of manufacturers and users. Analytical companies, physicians, the pharmaceutical and biopharmaceutical industries, hospitals, and research institutes will find this study to be of interest.

Medical Imaging Reagents and Analysis Equipment( HLC040C )
Publish Date: Jan 2010    

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