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Radiology Devices Market Trends

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Report ID: 2989
Published Date: Sep 23, 2024
Report Format: PDF, PPT

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Radiology Devices Market Trends

Growth Drivers

Increase in Prevalence of Age-Related Diseases
Advancement of Radiological Technologies

Challenges

High Costs of Radiology Tests
Lack of Necessary Infrastructure in Lower Economic Regions

Radiology Devices Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	5.2%
Base Year Market Size (2023)	USD 931.4 million
Forecast Year Market Size (2036)	USD 1.8 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Radiology Devices Market Size & Share | Growth Forecast 2036

Author Credits: Radhika Pawar

Report ID: 2989
Published Date: Sep 23, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rapidly increasing elderly population and consequent increase in prevalence of age-related diseases, along with advancement of radiological technologies are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

High costs associated with radiological tests and lack of necessary infrastructure in lower economic regions are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increased spending by governmental and non-governmental agencies on improving healthcare infrastructure in the region.

The major players dominating the radiology devices market are Canon Medical Systems Corporation, Esaote SpA, GE Healthcare, and Fujifilm Holdings Corporation among others.

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