North America Diagnostic Imaging Systems and its Growth Prospect in the Near Future

North America Diagnostic Imaging Systems Market to Reach $17.7 Billion by 2024
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Diagnostic Imaging Systems


New York - California - Cambodia


NEW YORK, Cambodia - Oct. 18, 2019 - PRLog -- The North American diagnostic imaging systems market is being driven by the rising incidence of chronic diseases, awareness about early disease diagnosis, and technological advancements in equipment. The sale of such systems is predicted to amass $17.7 billion in revenue by 2024, which would be a growth at a 5.0% CAGR during the forecast period (2019–2024). Diagnostic imaging is done in various ways to obtain pictures of internal areas of the human body for evaluative and therapeutic purposes.

Based on product, the North American diagnostic imaging systems market ( is divided into ultrasound, X-ray, magnetic resonance imaging (MRI), computed tomography (CT) and nuclear imaging systems, the last of which primarily include positron emission tomography (PET) systems. Among these, X-ray systems generated the highest revenue as they are the fastest and most cost-effective imaging equipment. These help in easily looking at the bones to asses any damage or other anomaly, which is why these will continue being the largest division throughout the forecast period with over 40.0% share in 2024.

On the basis of application, the diagnostic imaging systems ( market in North America is categorized into cardiology, neurology, oncology, dentistry, urology, orthopedics, ophthalmology, obstetrics/gynecology, and others. Among these, oncology, cardiology, and neurology held the largest, second-largest, and third-largest shares, respectively, during the historical period (2014–2018). Even during the forecast period, these will be the top three categories of the market in terms of the revenue share as well as CAGR.

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Seeing the rising demand for such systems, market players have significantly upped the number of product launches. For instance, Koninklijke Philips N.V. introduced the FlexArm technology in its Azurion image-guided therapy platform in January 2019. Using it, doctors can view 2D as well as 3D images of the entire human body. Similarly, in March 2018, Samsung Electronics Co. Ltd. too unveiled enhanced devices, including digital radiography and ultrasound systems, along with related software.

Therefore, as chronic diseases become more prevalent and people aware in the continent, the market for diagnostic imaging systems will grow further.

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Pramod Kumar
Tags:Diagnostic Imaging Systems
Location:New York - California - Cambodia
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