North American diagnostic imaging systems market is projected to generate $17.7 billion revenue by 2024, progressing at a CAGR of 5.0% during the forecast period (2019–2024).
According to the Centers for Disease Control and Prevention (CDC), six in ten adults in the U.S. are suffering from at least one chronic disease like diabetes, cancer, heart disease, or stroke. Moreover, the U.S. registers 1.7 million cancer cases and approximately 600,000 deaths due to cancer, annually, making it the second leading cause of death in the nation. Besides, incidences of type-2 diabetes, cancer, cardiovascular diseases (CVDs), and chronic obstructive pulmonary disease (COPD) are increasing in North America. The rising incidences of these diseases have increased the adoption of diagnostic imaging systems in the region.
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Moreover, hospitals and diagnostic imaging centers in North America are adopting these diagnostic imaging systems in large numbers, due to the growing awareness among people regarding the benefits of early diagnosis and early symptoms of diseases. The governments in the region are conducting awareness programs to educate people about the early diagnosis of diseases, such as tuberculosis, arthritis, breast cancer, cardiovascular diseases, lung cancer, and diabetes, and the use of innovative diagnostic systems to dragonize these diseases, at an early stage. These boost the demand for diagnostic imaging systems in the region.
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Additionally, the product segment under the North American diagnostic imaging systems market is categorized into nuclear imaging systems, X-ray imaging systems, ultrasound systems, magnetic resonance imaging (MRI) systems, computed tomography (CT) scanners, and others (mammography devices, endoscopes, elastography systems, and fluoroscopy systems). According to P&S Intelligence, the X-ray imaging systems category is expected to dominate the market during the forecast period. This can be ascribed to the increasing demand for these systems, as these are the easiest and fastest way of viewing and analyzing bone injuries, structures, and joint abnormalities.
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