Diagnostic equipment is used for identifying the presence and cause of disease, assessing the nature of disease, designating a course of treatment, monitoring the effects of interventions and determining the recurrence of existing disease. The global diagnostic equipment market comprises of organizations engaged in the manufacturing and marketing of equipment such as magnetic resonance imaging systems (MRI), computed tomography (CT) scanners, X-rays, nuclear imaging (SPECT/PET), mammography devices, cardiovascular monitoring and diagnostic devices, ultrasound devices, and accessories. These devices are used in the diagnosis and treatment of various diseases. These methods are used individually or as a combination for a better understanding of the medical condition.
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The global diagnostic equipment market is valued at nearly $43 billion in 2017.
In the report, the global diagnostic equipment market is divided into six segments, namely X-ray systems, ultrasound systems, computed tomography (CT) scanners, magnetic resonance imaging systems, cardiovascular monitoring and diagnostic devices, and nuclear imaging devices. While the first and the second segments account for nearly three-fifth of the market, the remaining share is attributed to the other four segments.
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The USA was the largest country in the diagnostic equipment market in 2017, accounting for more than one-fifth of the market share. China and Germany followed the USA as the next largest countries in the market.
The diagnostic equipment market is fragmented with a number of large and small organizations. The top five competitors in the market made up almost 54% of the total market in 2017. Philips Healthcare was the largest competitor of the market, followed by Hitachi Medical Systems and Fujifilm Holdings. Philips Healthcare develops and distributes enterprise-wide medical image and information management solutions. It is headquartered in Foster City, California. It was founded in 1998 and is a subsidiary of Koninklijke Philips N. V.
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