Medical Imaging

Rising demand for early diagnosis for chronic diseases related to respiratory and cardiovascular diseases is a key factor pushing the market growth for medical imaging. Further, rising geriatric population is another key factor responsible for the growth of the medical imaging market at present. Rising prevalence of chronic diseases such as cardiovascular diseases, respiratory diseases and brain diseases has paved the way for medical imaging.

According to Center for Disease Control and Prevention, more than 600,000 residents in the U.S. die due to heart diseases every year. Further, according to National Cancer Institute, it is estimated that more than 600,000 people in the U.S. will die from cancer and more than 1,700,000 will be diagnosed of the same. Common cancers brewing among the population are lung cancer, breast cancer and prostate cancer among others. These are some of the factors responsible for the high demand for medical imaging in the country. Further, high healthcare spending in the country is another key factor driving the demand for medical imaging in the country.

The healthcare sector in the BRICS nations is growing at rapid pace at present and there is a huge scope for the influx of new technology in the region. Rising number of hospitals in these regions offer several opportunities for medical imaging manufacturers for expansion opportunities. Further, rise in medical tourism in these regions is another factor that is expected to push the demand for medical devices in the futures, Patients from the developed countries opt to visit the developing nations such as Indian and China for advanced treatment at low costs

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