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Better Monitoring Of Acute Events With The Help Of Portable Diagnostic Devices.


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Portable diagnostic equipment is expected to be a fast growing segment, and competitors are focusing on developing new and innovative portable equipment during the forecast period. Owing to their ease of use and point-of-care applications, their adoption rates are steadily increasing not only for emergency and intensive care units in hospitals, but also as a part of homecare organizations. There is also a growing need for portable devices in the emergency care units for easy and quick usage, faster interventions for acute events, and better monitoring. Some of the well-known products include Samsung Electronics’ 32-SLICE CT scanner, Brain Biosciences’ CERPET portable PET scanner, Siemens Healthcare’s Mobilett mira max portable X-ray systems and Sonosite’s MicroMaxx portable ultrasound system.

DIAGNOSTIC EQUIPMENT MARKET TO GROW TO $38.3 BILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.

The Business Research Company expects the diagnostic equipment market to grow to $38.3 Billion in 2020. Asia was the largest region in the Diagnostic Equipment market in 2016, accounting for $11.8 billion or 38.2% of the market share.

The chart below shows the year-on-year growth of the global diagnostic equipment market during 2016 - 2020.

According to The Business Research Company’s Medical Equipment Consultant, Sandeep Kumar Bejini, the market has witnessed multiple strategic collaborations and agreements in recent years. Top companies in the diagnostic equipment market are strategically partnering and collaborating with start-ups and mid-sized companies to broaden products and services. For instance, in April 2015, Agfa Healthcare and Hitachi Medical Systems entered into a strategic sales marketing alliance to market CR and DR systems in the US market. In August 2016, Insightec, the leader in MR guided Focused Ultrasound (MRgFUS) therapy, signed new distribution agreements with three new partners, Soelim in the Korean market, Unique Medical in the Slovakian market, and Spektramed in the Lithuanian market. In May 2016, SonaCare Medical enters into marketing alliance with Invivo in order to facilitate better tracking of appropriate targets for high-intensity focused ultrasound (HIFU) prostate ablation.

Siemens Healthcare was the largest competitor in the diagnostic equipment market with revenues of $14.31 billion for the financial year 2015. The next two largest competitors were Hitachi Medical Systems and GE Healthcare with 19.1% and 14.3% of the market respectively.

Diagnostic equipment is used for identifying the presence and cause of disease, assessing the nature of disease, designating a course of treatment, monitoring the effects of interventions and determining the recurrence of existing disease. The diagnostic equipment market doesn’t include invitro diagnostics products that are used to detect diseases, infections and conditions by examining specimens derived from human body such as tissues, blood, stool, urine and other body

fluids.

The global diagnostic equipment market comprises of organizations engaged in the manufacturing and marketing of equipment such as magnetic resonance imaging systems (MRI), computed tomography (CT) scanners, X-rays, nuclear imaging (SPECT/PET), mammography devices, cardiovascular monitoring and diagnostic devices, ultrasound devices, and accessories. These devices are used in the diagnosis and treatment of various diseases. These methods are used individually or as a combination for a better understanding of the medical condition. Diagnostic equipment is used in medical imaging, a process of creating visual representations of the interior of a body for clinical analysis and medical intervention. Medical imaging is performed to reveal internal structures hidden by the skin and bones, to examine and diagnose the medical condition. It plays a vital role, not only in the diagnosis but also in the treatment process, since it is taken into consideration during the follow-up of various diseases.

Diagnostic Equipment Global Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $1000 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company.

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