GE Healthcare, Philips and Siemens Healthcare leading global medical imaging market
Medtech juggernauts GE healthcare, Philips Healthcare and Siemens Healthcare are leading the medical imaging market worldwide. Toshiba is also close to them in race. The global ultrasound devices market was valued at USD 3,216 million in 2015. It is estimated to reach USD 3,860 million by 2021, at a CAGR of 3% over 2016-2021. North America captures the largest share of the global ultrasound devices market (30%), followed by Europe. In terms of market share, North America is ahead of Europe by just a few degrees. Asia-Pacific is considered the rapidly emerging market for ultrasound devices and is projected to grow at a CAGR of 4.5%. This growth can be attributed to the increasing population base and large investments in the field of research and development (of ultrasound equipment) in the region. Mindray Medical, Hitachi Medical, Trivitron Healthcare, Fukuda Denshi and Shantou Institute of Ultrasonic Instruments are some other medical imaging players operating worldwide.
(Image Courtesy: MITB)