The global market for diagnostic imaging hit an estimated $20.7 billion in 2010, and is expected to reach $26.6 billion by 2016, according to estimates released this month by Markets And Markets.
The sector should enjoy a compound annual growth rate of 4.2 percent over the next five years, analysts predicted in a summary released of the report, "Global Diagnostic Imaging (CT, MRI, X-Ray & Ultrasound) Market - Competitive Landscape & Forecasts from 2010 to 2016."
In 2010, X-ray accounted for nearly a third of the market, followed by ultrasound, with 21 percent of the market, CT scanners, 19.5 percent, and MRI, 18.5 percent. Nuclear medicine had 7 percent.
Last year, America had 36.3 percent of the market, the biggest chunk. It was followed by Europe, with 27.3 percent, Asia, 27 percent and rest-of-world, 9.4 percent.