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New Budget Allocations, Expansions in Private Sector, and Time to Market on Next-generation Imaging Equipment Opens Up Robust Market Opportunities
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This study presents an analysis of the Malaysian diagnostic imaging equipment market. It provides an in-depth analysis of the current trends, market size, and revenue forecast, and market penetration, market attractiveness, in digital radiography, ultrasound, computed tomography, magnetic resonance imaging, interventional X-ray, and fluoroscopy.Market measurements are analyzed for the year 2018 and forecasted up to 2023. Unit shipment, revenue forecast, and year-on-year growth rate by the key segments are considered for this research. Revenue trends by subsegment for each segment are analyzed.Malaysia is positioning itself as a prime destination for IVF, cardio, and neuro-related diagnosis and treatment. Hence, investment in radiology-associated services is expected to increase across segments during the forecast period.The growth of the diagnostic imaging equipment market is driven by the private sector, with significant expansion across new geographies in Malaysia. New regions are explored with a focus on novel clinical applications. Available personalized healthcare choice and growing medical tourism and patient knowledge through multiple channels are promoting demand for advanced healthcare services.Competitors holding the highest market shares by computed tomography, magnetic resonance imaging, digital radiography, fluoroscopy, interventional X-ray, and ultrasound in 2018 are discussed in the research.The outlook for the diagnostic imaging equipment market in light of intermodality competition and changing adoption patterns are analyzed. New areas of clinical applications–cardiology and oncology–have remained the common users of imaging services in Malaysia. With alternate competing technologies emerging for new clinical indications, the scope for interventional procedures, IVF, and orthopedics present robust opportunities. Investment in healthcare budget and its impact on new growth areas are discussed.Growing awareness about the harmful effects of radiation exposure from other imaging modalities and delivery of ultrasound services at the site of patients who are immobile and increasing utility in emergency care settings are driving the uptake of ultrasound systems.The proportions of the diagnostic imaging market revenue contributed by computed tomography, magnetic resonance imaging, digital radiography, fluoroscopy, interventional X-ray, and ultrasound in 2018 are discussed, and how are these proportions expected to change each year through 2023 are analyzed.Strategies, growth analysis, competitive landscape, and future focus are discussed for vendors (Canon and Samsung), Fujifilm-Sonosite, GE Healthcare, Hitachi-Aloka, Philips Healthcare, Siemens Healthineers, United Imaging.
Market trends (Installed base for CT, MRI, and fluoroscopy are provided by public and private hospitals; Unit shipment details by location of care; revenue forecast; growth indicators; critical unmet needs and potential game-changing strategy; predictions; future prospects; competitive structure; market metrics; market share by segments; and strategies are discussed for each segment.)
Regional Scope: Malaysia
Analyst: Poornima Srinivasan
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