The US market collected revenue of $939million in 2017 and is estimated to grow at a CAGR of 17.1% throughout the forecast period.
The Major factors driving this market comprises of increasing emphasis on improving healthcare system, growing need for quick transportation of samples and specimens for testing and increased focus reducing logistics cost.
The market is estimated to grow at a CAGR of 5.3% during the forecast period 2018â€“2025.
The advancements in medical equipment technology and increasing number of old age homes are driving this market.
In Europe, Germany is the largest market and is growing at a CAGR of 5.1%. The global operating room market in Asia-Pacific is expected to grow at a CAGR of 14%. The Chinese market - the leading force among emerging markets is showing an annual growth rate of 19% and is expected to grow to $45.2 billion by the end of 2020. If this pace continues, China will overtake the Japanese markets to become the largest Asian market.
The global Optical Imaging Market is estimated to grow with a CAGR of 11.3% during 2018-2023.
The medical robotics market size is estimated to be around $5,250 million to $6,200 million as of 2018.
The Critical and Chronic care products market in 2017 is estimated at $11,183 million, and it is growing at a CAGR of 5.2% from 2018 to 2023.
North America is dominating the market for MRI systems growing at a CAGR of 4.86% followed by Europe. In North America, recent changes in reimbursement policies may slow down the growth of the market. In U.S., brain, head and neck MRI scanning procedures occupying the largest share.
USA is the leading country in the global microscopy market driven by the huge R&D opportunities in nanotechnology and life sciences. Brazil, India and China are the emerging markets for microscopy with the advancement in funding for research activities.