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Diagnostic Imaging Devices - Mauritius

Mauritius

The Diagnostic Imaging Devices market market in Mauritius is anticipated to witness a significant growth in revenue, with projections indicating a reach of US$10.68m in 2024.
Moreover, a steady annual growth rate (CAGR 2024-2029) of 7.21% is expected, leading to a market volume of US$15.13m by 2029.
However, in comparison to other countries worldwide, the United States is predicted to generate the highest revenue, amounting to US$11,930.00m in 2024.
Mauritius is experiencing a growing demand for advanced diagnostic imaging devices in its expanding healthcare sector.

Key regions: Germany, Japan, Netherlands, Spain, United States

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Analyst Opinion

The Diagnostic Imaging Devices market in Mauritius is experiencing steady growth, driven by customer preferences for advanced medical technology and the increasing demand for diagnostic imaging services. Customer preferences in Mauritius are shifting towards more advanced diagnostic imaging devices, such as computed tomography (CT) scanners, magnetic resonance imaging (MRI) machines, and ultrasound systems. This is primarily due to the higher accuracy and efficiency offered by these devices in diagnosing various medical conditions. Additionally, the growing awareness among patients about the benefits of early detection and precise diagnosis is also contributing to the demand for advanced imaging devices. The market is witnessing several trends that are shaping its development in Mauritius. Firstly, there is a growing trend of healthcare facilities and hospitals investing in state-of-the-art diagnostic imaging devices to cater to the increasing demand for medical imaging services. This trend is driven by the need to provide accurate and timely diagnoses, which is crucial for effective treatment and patient care. Secondly, there is a rising trend of outsourcing diagnostic imaging services to specialized imaging centers. This trend is driven by the cost-effectiveness and expertise offered by these centers, which can provide high-quality imaging services at a lower cost compared to in-house facilities. Furthermore, there is a shift towards digitalization in the diagnostic imaging market in Mauritius. This includes the adoption of Picture Archiving and Communication Systems (PACS) and Radiology Information Systems (RIS), which enable healthcare providers to store, manage, and share medical images electronically. This trend is driven by the need for efficient data management and improved collaboration between healthcare professionals. In addition to customer preferences and market trends, there are certain local special circumstances that are influencing the development of the Diagnostic Imaging Devices market in Mauritius. One such circumstance is the limited availability of specialized healthcare facilities and equipment in remote areas of the country. This creates a demand for mobile diagnostic imaging units that can provide imaging services to underserved populations. Another special circumstance is the government's focus on improving healthcare infrastructure and services. The government of Mauritius has been investing in the development of healthcare facilities, including diagnostic imaging centers, to enhance the accessibility and quality of healthcare services. This commitment from the government is expected to drive the growth of the diagnostic imaging market in the country. Underlying macroeconomic factors, such as the growing population, increasing healthcare expenditure, and advancements in medical technology, are also contributing to the development of the Diagnostic Imaging Devices market in Mauritius. These factors create a favorable environment for the adoption of advanced imaging devices and the expansion of healthcare facilities. Overall, the Diagnostic Imaging Devices market in Mauritius is witnessing growth due to customer preferences for advanced technology, trends in the market, local special circumstances, and underlying macroeconomic factors. This growth is expected to continue as the demand for accurate and timely diagnosis continues to rise in the country.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.