"The
Report Global Hybrid Imaging Market 2017-2021 provides information on
pricing, market analysis, shares, forecast, and company profiles for
key industry participants. - MarketResearchReports.biz"
MarketResearchReports.biz
now features a report, titled “Global
Hybrid Imaging Market
2017-2021.” The report includes a detailed description of the
present scenario of the global market and its growth prospects over
the forthcoming years.
As
per the findings of the report, the global hybrid imaging market is
estimated to register a steady CAGR of more than 8% from 2017 to
2021. The spike in the adoption rate of computed tomography (CT) and
positron emission tomography (PET) is providing momentum to the
global market. Technological advancements in these hybrid imaging
modalities are enabling precise measurement for better
differentiation and measurement of tumors and improved data storage
capabilities for tumor development tracking. Moreover, the rising
incidence of chronic diseases is augmenting the market.
On
the flip side, the dearth of skilled physicians is inhibiting the
growth of the market. This is further exacerbated by the hefty sums
required to train personnel for hybrid imaging. Furthermore, the
swelling skepticism among patients due to exposure to radiations in
the process is keeping the market from realizing its utmost
potential.
In
terms of product, the global hybrid imaging market is divided into
PET-CT, PET-MRI, and SPECT-CT. The PET-CT segment will continue to
command the lion’s share in the market throughout the forecast
period. The growth of the segment can be attributed to the declining
prices coupled with the availability of favorable reimbursement
policies. Rapid technological advancements and rising awareness among
end users are also contributing to the growth of the segment.
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Based
on application, the market is classified into cardiology,
orthopedics, and oncology. Oncology is anticipated to exhibit a CAGR
higher than any other segment during the forecast period. The demand
for hybrid imaging is high in this segment due to the soaring need to
comprehend and detect the location of molecules in the body as tracer
decays.
The
key segments analyzed in the report on the basis of geography are
Americas, Europe, the Middle East, and Africa (EMEA), and Asia
Pacific. Americas will continue to dominate the market until 2021.
The primary factor behind the growth of the region is the presence of
favorable reimbursement policies, offered by the Centers for Medicare
and Medicaid Services (CMS).
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The
global hybrid imaging market features a large number of global and
regional participants. The aggressive competition among these players
in terms of product differentiation, pricing, technology development,
and distribution partnerships renders the market highly competitive.
The leading players in the market are GE Healthcare, Siemens
Healthcare, Philips Healthcare, and Mediso. Other prominent companies
operating in the global hybrid imaging market are AGFA Healthcare,
Cardinal Health, Carestream Health, Cubresa, CMR Naviscan,
Eczacibasi-Monrol Nuclear Products, Mylin Medical, IBA Molecular,
Nordion, Sofie Biosciences, Piramal Imaging, Photo Diagnostic
Systems, Roses Medical & Surgical Supply, RadioMedix, and Toshiba
Medical Systems.
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