Vascular Imaging Systems Market by Technology, Application, Geography Analysis and Forecast to 2023– P&S Intelligence
According to the study, the global vascular imaging systems market is likely to grow significantly, during the forecast period, due to increasing healthcare expenditure, increasing prevalence of cancer and cardiovascular diseases and rising awareness about imaging techniques due to various conferences and seminars. In addition, growing geriatric population and launch of technologically advanced products contribute to the growth of the market. High cost, stringent regulatory requirements, shortage of helium for magnetic resonance imaging and increasing risk of cancer due to exposure to radiations are the key factors restraining the global market growth.
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The factors driving the growth of the market include increasing prevalence of cardiovascular diseases and cancer and aging population. According to the International Agency for Research on Cancer (IARC), a specialized cancer agency of World Health Organization (WHO) that promotes cancer research, in 2008, 12.7 million new patients were detected with cancer globally, and the number is expected to reach 21.4 million by 2030. In addition, according to WHO, 8.2 million deaths took place in 2012, globally, due to cancer, out of which 1.6 million deaths were due to lung cancer, while the reason for 745,000 deaths was liver cancer and 400,000 deaths occurred due to esophageal cancer.
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Some of the key players in the global market include Siemens AG, General Electric Company, Hitachi Ltd., and Koninklijke Philips N.V., Carestream Health, Inc., Hologic, Inc., Esaote S.P.A, Shimazdu Corporation, Canon Inc., Orthoscan, Inc., and Fujifilm Corporation.