Dublin, June 14, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Medical Imaging Market: Analysis, Trends and Forecast 2016 to 2021" report to their offering.

The market for nuclear imaging equipment is expected to grow over a CAGR of 10% from 2016 to 2021

This high growth rate is attributed to its efficiency in diagnosing complex medical conditions precisely. Also, PET (a type of nuclear imaging equipment) is safe to use as it is free from any harmful rays, which increases its demand by the radiologist. Moreover, various companies are entering to manufacture nuclear imaging equipment that further propels the growth of nuclear imaging equipment.

Rising incidences of critical and chronic diseases such as cancer and cardiovascular diseases (CVDs) enhances the usage of medical imaging equipment in order to provide early diagnosis and thus treatment. According to the World Health Organization (WHO), number of new cases of cancer is anticipated to increase by around 70% over the next two decades. Also, launch of technologically advanced imaging equipment will further enhance the growth of medical imaging equipment market during the forecast period.

Asia-Pacific and LATAM regions are projected to be the most attractive market for the growth of medical imaging equipment industry. This is owing to increasing disposable income of the population that in turn increases affordability by patient population to avail imaging facilities. Also, improving government initiatives in the countries such as China and Malaysia would further enhance the growth of imaging equipment market in the region.

Medical imaging equipment market is consolidated in nature, majorly ruled by few players namely GE Healthcare, Philips Healthcare and Siemens Healthcare.

Other players but not limited to, operating in medical imaging equipment market include Carestream Health, Fonar Corporation, Hitachi Medical Corporation, Samsung Medison Co. Ltd., Shimadzu Corporation and Toshiba America Medical Systems, Inc.

Companies Mentioned

- Carestream Health
- Fonar Corporation
- GE Healthcare
- Hitachi Medical Corporation
- Philips Healthcare
- Samsung Medison Co. Ltd.
- Shimadzu Corporation
- Siemens Healthcare
- Toshiba America Medical Systems, Inc.

For more information visit http://www.researchandmarkets.com/research/nm4vr9/global_medical

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