Diagnostic Imaging Market: Rise in Chronic Illnesses to Propel the Market Growth

Wilmington, Delaware, United States, Transparency Market Research Inc. – The global diagnostic imaging market is expected to grow at a robust 6.0% CAGR during 2018-2026. Due to rise in chronic illnesses, the market is expected to reach $47 bn in the near future. Moreover, the growth is also expected to receive a boost from expanding health coverage across the world. The growth of privatized insurance in Asia Pacific, and clouds of expansion of government programs like MediCaid in the US are likely to drive robust growth in the near future.

Request Sample of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=208

Rising Elderly Population to Drive Major Opportunities for Growth

The market is also riding on trends like growth in the elderly population. According to Administration for Community Living or ACL, the population of elderly rose by 36% from 50.7 million to 68.7 million Americans between 2006 - 2016. Today, every one in seven American is an older American. Moreover, nearly 95% of elderly patients in the United States are covered by programs like Medicare. These services include various illnesses including dental services, outpatient drugs, and eyeglass prescription among various others.

Additionally, according to a research in journal of the American Medical Association, the cost of health care increased by nearly $1 trillion between 1996 - 2013. One of the key reasons for this growth was the rising elderly population. The rising chronic illnesses, and diseases like diabetes and inventions like portable diagnostic imaging machines will also create significant opportunities for players in the diagnostic imaging market.

Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=208

Cardiovascular Diseases to Drive Major Growth for the X-ray Segment

According to the American Heart Association, everyone in two adults in United States is suffering from some type of cardiovascular disease. Additionally, the illnesses resulted in most deaths in 2016 as compared to all previous years. Moreover, the rise in United States is significant despite a growing downward trend in deaths across the world. This shows the lack of awareness and more potential opportunities for players in the diagnostic imaging market in the near future.

Moreover, worldwide the deaths may have lowered in recent years. However, cardiovascular diseases remain one of the three leading causes of deaths worldwide. The disease itself is on the rise globally. Between 1990 and 2013, it resulted in 41% increase in cases resulting in over 17.3 deaths.

Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=208

Moreover, the growth of advancements in imaging technologies like X-ray imaging, MRI imaging, and portable machines to provide access to rural areas will likely result in significant growth for players in the diagnostic imaging market.

The rising cases of cardiovascular diseases and rise in elderly population in major nations like China will also drive more opportunities for players in the near future.

More Trending Reports by Transparency Market Research –

Digital Dentistry Materials & Systems Market: The global digital dentistry materials & systems market is expected to surpass the value of US$ 13.7 Bn by the end of 2031.

Dry Eye Disease Diagnostic Devices Market: The U.S. dry eye disease diagnostic devices market is expected to reach the value of US$ 99.4 Bn by the end of 2031.

Elderly and Disabled Assistive Devices Market: The global elderly and disabled assistive devices market is expected to reach the value of US$ 31.6 Bn by the end of 2028.

Meningitis Diagnostic Testing Market: The EMEA meningitis diagnostic testing market is expected to reach the value of US$ 83.51 Mn by the end of 2031.

Heart Lung Machine Market: The global heart lung machine market is expected to reach the value of US$ 0.7 Bn by the end of 2031.

ASEAN Biological Optical Microscope Market: The ASEAN biological optical microscope market is expected to reach the value of US$ 74.7 Mn by the end of 2031.

Gastrointestinal Testing Panels Market: The Europe and Middle East & Africa gastrointestinal testing panels market is expected to reach the value of US$ 83.8 Mn by the end of 2031.

Assistive Technologies for Visually Impaired Market: The global assistive technologies for visually impaired market is expected to exceed the value of US$ 13.9 Bn by the end of 2031.

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ


Rohit Bhisey
Transparency Market Research Inc.
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

Back to news