Australia & New Zealand Diagnostic Imaging Equipment Market - Growth, Trends, and Forecast (2019 - 2024)

Australia & New Zealand Diagnostic Imaging Equipment Market - Growth, Trends, and Forecast (2019 - 2024)

  • February 2019 •
  • 103 pages •
  • Report ID: 5778384 •
  • Format: PDF
Market Overview
Diagnostic imaging is the process where the internal structure of human body is viewed using the electromagnetic radiation, for accurate diagnosis of the patient. The diagnostic imaging uses radiations to diagnose and treat the diseases. There are various modalities in the medical imaging, the most common ones being the CT scan and MRI systems. The market studied is driven by several factors, such as growing technological advancements, including handheld X-ray and upright MRI, and increasing interest among researchers regarding medical imaging equipment. Additionally, increase in chronic diseases and increasing government funding pertaining to diagnostic imaging studies are also responsible to drive the growth of the market studied.

Scope of the Report
This report includes an in-depth study of the Australia & New Zealand diagnostic imaging equipment market (henceforth, referred to as the market studied). Diagnostic imaging is used to take images of the internal structure of human body, using electromagnetic radiation, for accurate diagnosis of the patient. There are various modalities in medical imaging, the most common ones being CT scan and MRI systems.

Key Market Trends
X-ray Equipment Segment Captures the Largest Market Share and is Expected to Retain its Dominance over the Forecast Period

An X-ray is a non-invasive medical test that helps physicians diagnose and treat medical conditions. Imaging with X-rays involves exposing a part of the body to a small dose of ionizing radiation to produce pictures of the inside of the body. Chest X-rays are the most frequently ordered imaging test in Australian general practice. They were generally accounted for 8.3% of all imaging tests ordered by general practitioners in 2013-14. In addition, there is also a rising need for radiographers in Australia that is expected to boost the Australian market. Recently, in 2018, the New Zealand scientists have been found performing the first 3-D, color X-ray on a human, using a technique that promises to improve the field of medical diagnostics. Hence, these technologies are also being commercialized by the New Zealand company, MARS Bioimaging, and may increase the overall market.

Competitive Landscape
The presence of major market players, such as Canon Medical Systems Ltd, Carestream Health, GE Healthcare, Koninklijke Philips NV, and Siemens Healthineers, is expected to increase the overall market competition. Companies are trying to gain a sustainable competitive advantage through innovation, while maintaining their consumer base through interactive upgrades in product segments. There is significant competition on the basis of product innovation, connectivity, and ease of operation in the portable diagnostic imaging equipment segment.

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
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