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Diagnostic Imaging Market Companies Summary

The diagnostic imaging industry is highly competitive due to the presence of numerous international and local firms. These organizations hold a significant market share and are well known in the industry. The COVID-19 pandemic has significantly impacted the market, with an increased demand for chest radiography and other diagnostic imaging tools. As a result, companies have been launching new products to meet this demand, such as two permanent open MRI systems equipped with SynergyDrive workflow solutions. The establishment of the National COVID-19 Chest Imaging Database in the United Kingdom has also boosted demand for such equipment and tests. In addition to the pandemic, the rise in chronic diseases and the aging population are driving the growth of the diagnostic imaging market. Medical imaging procedures play a crucial role in diagnosing these conditions, contributing to market growth. Companies are continuously developing new products to grow their presence in the market. Mid-range scanners, for example, are expected to hold a significant share in the growth of the market over the forecast period. The release of more CT scanners is also expected to fuel market growth. The market is expected to grow in North America over the next few years due to the rising prevalence of chronic diseases and high demand for advanced diagnostic imaging.