Global diagnostic imaging market to hit $26 billion by 2016

The global diagnostic imaging market is expected to grow from what was $20.7 billion in 2010 to $26.6 billion by 2016, according to a recent report from MarketsandMarkets.

The report, "Diagnostic Imaging (CT, MRI, X-ray & ultrasound) Market--Competitive Landscape & Forecasts from 2010 to 2016," suggests that an increasingly aging population and the widening application of diagnostic imaging due to technical developments are driving the market.

As of 2010, X-ray constituted the largest percentage share (34 percent) of the market, followed by ultrasound (21 percent), CT (19.5 percent), MRI (18.5 percent), and nuclear medicine (7 percent). Geographically the market is dominated by North America (36 percent), followed by Europe (27.3 percent) and Asia (27 percent). Announcement

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