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The diagnostic equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Diagnostic Equipment Market Size In 2022 And Forecast
The global diagnostic equipment market is expected to grow from $43.81 billion in 2021 to $47.74 billion in 2022 at a compound annual growth rate (CAGR) of 9.0%. The global diagnostic equipment market size is expected to grow to $59.46 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%.

The diagnostic devices (or) equipment market consists of sales of diagnostic equipment and related services by entities (organizations, sole traders, and partnerships) that are used to identify the nature or cause of a certain phenomenon, usually related to a medical condition.

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Increase In The Geriatric Population Is Driving The Growth Of The Diagnostic Equipment Market
For instance, in 2020, according to the United Nations, a US-based intergovernmental organization, there are approximately 727 million persons are aged 65 years and above worldwide, and expected to reach approximately 1.5 billion persons by 2050. Therefore, the increase in the geriatric population is driving the growth of the diagnostic devices market.

Competitive Landscape And The Regional Analysis Of The Diagnostic Equipment Market
Major players in the diagnostic equipment market are Philips Healthcare, Hitachi Medical Systems, Fujifilm Holdings, Siemens Healthcare, and GE Healthcare.

The Diagnostic Equipment Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the diagnostic equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the diagnostic equipment market.

Emerging Routine Diagnostic Kits – A Key Trend In The Diagnostic Equipment Market
Companies operating in the market are focusing on developing diagnostic kits to gain market coverage.

Diagnostic Equipment Market Segmentation By The Business Research Company

1) By Type: X-Ray Systems, Ultrasound Systems, Computed Tomography (CT) Scanners, Magnetic Resonance Imaging Systems, Cardiovascular Monitoring and Diagnostic Devices, and Nuclear Imaging Device

2) By Mobility: Stationary, Mobile

3) By End User: Hospitals, Diagnostic imaging centers

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