I-MED Radiology Network, Sonic Healthcare, Healius Limited are Dominating the Market for Australia Radiology Services Market in 2018

Australia Radiology Services Market is expected to grow at a substantial CAGR in the forecast period 2019 to 2026. The years considered for study are as mentioned below.

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Australia radiology services market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increase in various strategic developments owing to favourable market scenario.

The major players dealing in Australia radiology services market are introducing strong range of service portfolio. This has also helped the company to maximize the sales with enhanced service portfolio. For instance, in March 2019, Koninklijke Philips N.V. acquired Direct Radiology (U.S.). This acquisition aims at enhancing the company’s newly launched telehealth services. The tele radiology services will also feature reporting and viewing capabilities with the acquisition along with application for related exam workflow enhancement and on-call radiologist services.

I-MED radiology network is the dominating player in the radiology services market. The other key players existing in the market includes health Group, Siemens, Sonic Healthcare, Medica Reporting Ltd., 4ways Limited, Everlight Radiology, Althea Australia, Unilabs, InHealth Group, Global Diagnostics, Healius Limited, Alliance Medical (A subsidiary of Life Healthcare), Vital Radiology Services, DMC Healthcare, GE Healthcare (A subsidiary of general electric) among others.

I-MED Radiology Network

I-MED Radiology network headquartered in Sydney, Australia. The company focuses on providing radiology services in equipment and technology. The company is providing services under angiography, biopsy, bone density scan, breast core biopsy, breast ultrasound, cardiac services, CT colonography, CT scan, dental X-ray, general X-ray, interventional procedures, joint injections, mammography, MRI, nuclear medicine, PET scan, platelet rich plasma therapy, shoulder hydro dilatation, transvaginal ultrasound, ultrasound, weight bearing MRI, 18-22 week screening pregnancy ultrasound, weight-bearing computed tomography (CT), dynamic 4D CT service category. The market focus services are under angiography, bone density scan, breast ultrasound, cardiac services, CT colonography, CT scan, dental X-ray, general X-ray, interventional procedures, mammography, MRI, nuclear medicine, PET scan, transvaginal ultrasound, ultrasound, weight bearing MRI, 18-22 week screening pregnancy ultrasound, weight-bearing computed tomography (CT), and dynamic 4D CT.

  • In December 2019, I-MED radiology network has formed a joint venture named Annalise.ai in partnership with Harrison.ai. This partnership will help the company to leverage technologically advanced solutions (prediction engines) for all mammography, X-ray and CT and aid radiologists in more accurate diagnosis.

It has its presence in the Australia through direct sales representatives.

Sonic Healthcare:

Sonic Healthcare headquartered in Sydney, Australia was founded in 1987. The company is focuses on providing pathology/laboratory medicine, radiology, occupational medicine and corporate medical services. The company is providing services laboratory medicine/ pathology, sonic clinical trials, radiology/diagnostic imaging, sonic clinical services categories.  The market focus services are radiology/diagnostic imaging categories. The company is operating in laboratory, imaging, and other segments. The market focus products lie under imaging segments. The company is continuously engaged in creating value with strategic initiatives in the market.

  • In 2019 Sonic acquired West Pacific Medical Laboratory (U.S.), based in Los Angeles, California, U.S. The major focus of this acquisition is to expand business in the U.S. as acquisition will reduce the entry barrier in the U.S. market.

The company has wide global presence across the globe such as North America, Europe, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as American esoteric laboratories, Inc. (U.S.), sonic healthcare USA, Inc. (U.S.), squnrise medical laboratories, Inc. (U.S.), The doctors laboratory limited (U.S.), clinical pathology laboratories, Inc. (U.S.) among others.

Healius Limited:

Healius limited has headquartered in Sydney, Australia the company is focuses on providing services in pathology, medical centres, imaging, dental, IVF and day hospitals to deliver patient care. The company is providing services under pathology, medical centres, imaging, dental, IVF, eye clinic, occupational health, and day surgery categories. The market focus services are imaging. The company is operating in pathology, medical centres, imaging segments. The market focus products lie under imaging segments. The company is continuously engaged in creating value with strategic initiatives in the market

  • In October 2018, Healius Limited’s healthcare imaging services has attended Sydney’s healthcare imaging services 4th national annual conference. The major focus of this conference is bringing radiologists to enhance their focus on development.

The company has wide global presence across the globe such as Europe, India, U.S. In addition to it, the company also generates its revenue from the various subsidiary companies such as Pacific medical centres Pty Ltd (Australia), Kelldale Pty Ltd (Australia), HLS millers point PTY Ltd (Australia), integrated health care pty Ltd (Australia), queensland medical services PTY Ltd (Australia) among others.

Recent Strategic Decisions

Australia Radiology Services Market