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UK Diagnostic Imaging Equipment Market - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-14099141 | Publishing Date : 01-Mar-2019 | No. of pages : 68
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Market Overview
The UK diagnostic imaging equipment market is expected to witness a CAGR of 5.5%, during the forecast period. Certain factors that are driving the market growth include rise in the prevalence of chronic diseases, growing adoption of advanced technologies in medical imaging, and increase in the geriatric population.
Wider adoption of cloud technologies and the adoption of new advanced technologies play a major role in improving the market economy. Increasing aging population and increased incidence of chronic diseases are also key factors driving the market growth. Patients aged 65 years and older undergo diagnostic imaging at two or more times the rate of younger people. Women also tend to use slightly higher rates of imaging than men. In spite of these factors driving the market, there are other factors restraining the growth of the market, such as expensive procedures and equipment, and certain side effects of diagnostic imaging procedures.
Scope of the Report
Diagnostic imaging is the process of making a visual representation of the interior of a body for medical intervention. These equipment help in establishing a database of normal anatomy and physiology of internal organs, so that any abnormality can be noticed immediately. The ability to create pictures of a patient’s internal anatomy and convert them to film through diagnostic imaging has revolutionized the way many diseases and injuries are detected, diagnosed, and treated. This market has applications in various medical fields, like cardiology, oncology, neurology, and orthopedics.
Key Market Trends
Oncology is Expected to Show Lucrative Growth in the Application Type Segment
According to the Cancer Research UK, there are more than 360,000 new cancer cases in the United Kingdom every year, which is nearly 990 every day (2013-2015). In the United Kingdom, around 183,000 new cancer cases were found in males, and around 177,000 new cancer cases were found in females, in 2015. Every two minutes, someone in the United Kingdom is diagnosed with cancer. Moreover, breast, prostate, lung, and bowel cancers, together, accounted for over half (53%) of all new cancer cases in the the country, in 2015. Each year, more than a third (36%) of all cancer cases, in the country, are diagnosed in people aged 75 years and over (2013-2015). Incidence rates for all cancers combined, in the United Kingdom, are the highest in people aged between 85 and 89 years (2013-2015).
Competitive Landscape
The market is highly competitive and consists of a number of major players. Companies, like Carestream Health Inc., Esaote SpA, Fujifilm Holdings, GE Healthcare, Hitachi Medical Corporation, Hologic Inc., Philips Healthcare, Shimadzu Corporation, Siemens Healthcare, among others, hold the substantial market share in the UK diagnostic imaging equipment market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
The UK diagnostic imaging equipment market is expected to witness a CAGR of 5.5%, during the forecast period. Certain factors that are driving the market growth include rise in the prevalence of chronic diseases, growing adoption of advanced technologies in medical imaging, and increase in the geriatric population.
Wider adoption of cloud technologies and the adoption of new advanced technologies play a major role in improving the market economy. Increasing aging population and increased incidence of chronic diseases are also key factors driving the market growth. Patients aged 65 years and older undergo diagnostic imaging at two or more times the rate of younger people. Women also tend to use slightly higher rates of imaging than men. In spite of these factors driving the market, there are other factors restraining the growth of the market, such as expensive procedures and equipment, and certain side effects of diagnostic imaging procedures.
Scope of the Report
Diagnostic imaging is the process of making a visual representation of the interior of a body for medical intervention. These equipment help in establishing a database of normal anatomy and physiology of internal organs, so that any abnormality can be noticed immediately. The ability to create pictures of a patient’s internal anatomy and convert them to film through diagnostic imaging has revolutionized the way many diseases and injuries are detected, diagnosed, and treated. This market has applications in various medical fields, like cardiology, oncology, neurology, and orthopedics.
Key Market Trends
Oncology is Expected to Show Lucrative Growth in the Application Type Segment
According to the Cancer Research UK, there are more than 360,000 new cancer cases in the United Kingdom every year, which is nearly 990 every day (2013-2015). In the United Kingdom, around 183,000 new cancer cases were found in males, and around 177,000 new cancer cases were found in females, in 2015. Every two minutes, someone in the United Kingdom is diagnosed with cancer. Moreover, breast, prostate, lung, and bowel cancers, together, accounted for over half (53%) of all new cancer cases in the the country, in 2015. Each year, more than a third (36%) of all cancer cases, in the country, are diagnosed in people aged 75 years and over (2013-2015). Incidence rates for all cancers combined, in the United Kingdom, are the highest in people aged between 85 and 89 years (2013-2015).
Competitive Landscape
The market is highly competitive and consists of a number of major players. Companies, like Carestream Health Inc., Esaote SpA, Fujifilm Holdings, GE Healthcare, Hitachi Medical Corporation, Hologic Inc., Philips Healthcare, Shimadzu Corporation, Siemens Healthcare, among others, hold the substantial market share in the UK diagnostic imaging equipment market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
