The global market is expected to reach $11.91 billion by 2021 at a compound annual growth rate (CAGR) of 12.7%, according to a new report from MarketsandMarkets. Of the 11 major segments, including OR and surgical equipment, patient monitors, and defibrillators, the medical imaging equipment segment is estimated to hold the largest share of the market in 2016, MarketsandMarkets says.
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The global ultrasound device market is expected to reach $3.86 billion by 2021, with a compound annual growth rate of 3% between 2016 and 2021, according to a recent report. The market was valued at $3.22 billion in 2015. Due to a rising population and large investments in the field of research and development (R&D), Asia-Pacific is considered the emerging market for ultrasound devices.
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With steady growth in the last couple of years, the global medical equipment industry is dominated by the disposable equipment sector, accounting for nearly 40% of the market in 2015, according to a recent report. The United States is the dominant region of the industry, followed by Europe and Asia Pacific, it continues.
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Mike Jasinski, senior vice president of sales and marketing at Ed Sloan & Associates in Goodlettsville, Tenn.; Patrick Kluge, technical director at Baltimore-based Rad Rays, LLC; and Lisa Reid, director of surgery and urology segments at Malvern, Pa-based Siemens Healthineers sit down with 24×7 to discuss the exciting—and emerging—C-arm market. Don’t miss out.
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The global MRI systems market is projected to grow steadily, driven by factors such as increasing awareness about early diagnosis and technological advancements, according to a new report from Life Science Industry Research. Analysts expect the market to reach $7.19 billion by 2021, up from $5.61 billion in 2016, at a compound annual growth rate of 5.1% from 2016 to 2021.
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