Kenneth Research, in its repository of market research reports, has recently added a report titled Global Minimally Invasive & Non-Invasive Medical Imaging And Visualization Systems Market market, that emphasizes on the recent market trends and opportunities available for the growth of the market for the forecast period 2022-2031. The growth of the Global Minimally Invasive & Non-Invasive Medical Imaging And Visualization Systems Market market can be attributed to the increasing health spending by nations across the globe, and for the rapid innovations observed in the medical sector. According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Minimally Invasive & Non-Invasive Medical Imaging And Visualization Systems Market products.
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Global Minimally Invasive & Non-Invasive Medical Imaging And Visualization Systems Market Analysis – 2018-2027
Minimally invasive & non-invasive medical imaging and visualization is the technique of creating visual representations of the internal structure of the human body for medical diagnostics or surgical applications. The technique reveals internal structural deformities hidden by the skin and bones and also diagnoses chronic diseases by viewing organ or tissue functioning. The global minimally invasive & non-invasive medical imaging and visualization systems market is anticipated to record a CAGR of 5.20% over the forecast period, i.e. 2020-2027. Factors such as increasing cases of chronic disorders, growing geriatric population, strict autoclaving regulations, rising investments in the healthcare industry by both public and private entities and growing technological advancements in the field of medical devices which is resulting in the faster detection time of diseases, greater efficiency and improved diagnostic processes and greater productiveness in patient monitoring are anticipated to drive the growth of the global minimally invasive & non-invasive medical imaging and visualization systems market.
Moreover, the market is anticipated to grow by 1.55 times in-between 2018-2027 with an absolute $ opportunity of USD 31.8 billion. Additionally, the growth of the market is driven by the growing technological advancements and increasing applications of minimally invasive & non-invasive medical imaging and visualization systems.
The global minimally invasive & non-invasive medical imaging and visualization systems market consists of various segments that are segmented by medical imaging & visualization systems, application, end user and by region. The end-user segment is sub-divided into hospitals, clinics, ambulatory surgical centers and academic & research institutions, out of which, hospitals segment is anticipated to hold the largest market share of around 51.72% in the year 2027 by attaining a CAGR of 5.05% during the forecast period.
Based on region, the global minimally invasive & non-invasive medical imaging and visualization systems market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The minimally invasive & non-invasive medical imaging and visualization systems market in Europe is anticipated to grow with a modest CAGR of 5.30% over the forecast period. Moreover, Asia Pacific is anticipated to gain the highest CAGR of 5.96% during the forecast period.
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Some of the key industry leaders in the global minimally invasive & non-invasive medical imaging and visualization systems market are Smith & Nephew, Boston Scientific Corporation, Medtronic plc, Siemens Healthcare GmbH, CONMED Corporation, GE Healthcare, Stryker, Johnson and Johnson, B. Braun Melsungen AG, Koninklijke Philips N.V., Olympus Corporation, KARL STORZ SE & Co. KG and FUJIFILM Corporation.
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