Here are five observations:
1. In 2015, the market was valued at $29.4 billion.
2. By 2023, the market will likely reach $45.3 billion.
3. The United States, Europe and the Asia-Pacific region are driving the market.
4. North America accounted for more than 30 percent of the market in 2015, due to awareness about medical imaging devices and a demand for technologically advanced products.
5. China, India and Brazil will experience rapid growth rates during the forecast period. These markets are driven by a demand for updated imaging systems.
6. Key market players include:
• GE Healthcare in Little Chalfont, U.K.
• Shimadzu Corp. in Kyoto, Japan
• Philips Healthcare in Amsterdam, Netherlands
• Genesis Medical Imaging in Huntley, Ill.
• Hologic in Bedford, Mass.
• Siemens Healthcare in Malvern, Pa.
• Samsung Medison Co. in Seoul, South Korea
• Carestream Health in Rochester, N.Y.
• Hitachi Medical Corp. in Japan
• Fujifilm Holdings Corp. in Tokyo, Japan
• Toshiba Corp. in Tokyo, Japan
• Fonar Corp. in Melville, N.Y.
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