Technological advances, more chronic disease, and a larger worldwide geriatric population will power growth in the world medical imaging market through 2022, according to a new report from Allied Market Research.
The report projects a compound annual growth rate (CAGR) of 5% from 2015 to 2022, which would increase the global market's value to $45 billion. North America and the Asia-Pacific region each accounted for approximately one-third of the global medical imaging market in 2015.
Other highlights include the following:
- The x-ray imaging systems segment generated the most revenue in 2015, accounting for more than 25% of the overall market revenue, and is projected to grow at a CAGR of 3.7% during the forecast period.
- The mammography systems segment is expected to grow at a CAGR of 8.3% due to innovation and digitization of mammography devices.
- China and Japan are the biggest markets in the Asia-Pacific region, jointly accounting for more than 50% of the Asia-Pacific medical imaging market.
