KONINKLIJKE PHILIPS N.V., SIEMENS and GE Healthcare are dominating the market for Global Radiology Services Market in 2018

Global Radiology Services Market is growing at a healthy CAGR of 12.5% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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The Radiology Services market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to growing demand for the Radiology Services, booming across healthcare, increasing government focuses towards healthcare infrastructure and services, cases of chronic diseases and injuries and continuous technological advancements in Radiology Services. The market has witness developments in terms of merger and acquisitions, partnerships or product launches to enhance the product portfolio to meet the rising demand of innovative monitoring technology in radiology. For instance, In March 2019, KONINKLIJKE PHILIPS N.V has acquired Direct Radiology (U.S.). The major advantage of this acquisition is company has entered in radiology services as Direct Radiology is tele radiology platform.

KONINKLIJKE PHILIPS N.V dominated the global radiology services market. The other key players existing in the market includes Siemens, Ge Healthcare, Spectrum Health, Alliance Healthcare Services, Mednax, Inc., Sonic Healthcare, Radnet, Inc., Medica Reporting Ltd. The other key players existing in the market includes, 4ways Limited,  Everlight Radiology, Onrad, Inc., Unilabs, Radiology Reports Online, Teleradiology Solutions., Inhealth Group, Premier Radiology, Global Diagnostics, Envision Radiology, Ramsoft, Inc., and among others.

KONINKLIJKE PHILIPS N.V :

KONINKLIJKE PHILIPS N.V headquartered in Amsterdam, Netherlands was founded in 1891. The company is engaged in improving people’s lives through meaningful innovation and technology.  The company is providing products in twenty two products categories such as computed tomography, clinical informatics, advanced molecular nuclear imaging, consumables and accessories, customer service solutions, diagnostic ECG, emergency care & resuscitation, fluoroscopy, ultrasound, value products, refurbished systems, radiography, radiation oncology, home respiratory care, hospital respiratory care, interventional devices & therapies, interventional x-ray, mammography, mother & child care, MRI systems & solutions, pathology, patient monitoring solutions. The market focused category lies under computed tomography, advanced molecular nuclear imaging, fluoroscopy, ultrasound, radiography, radiation oncology, interventional x-ray, mammography, MRI systems & solutions, patient monitoring solutions. The company has four operating business categories such as diagnosis & treatment businesses, connected care & health informatics businesses, personal health businesses, other. The market focused category lies under diagnosis & treatment businesses category. The company is continuously engaged in strategic relationship to enhance the product and service of the Radiology such as,

  • In March 2019, KONINKLIJKE PHILIPS N.V has acquired Direct Radiology (U.S.). The major advantage of this acquisition is company has entered in radiology services as Direct Radiology is tele radiology platform.

It has its global networks through direct sales representatives and distributors in the Global. The company has various subsidiaries such as Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (Netherlands), Philips Medical Systems Nederland B.V. (Netherlands), Philips Ultrasound, Inc. (U.S.), Philips Oral Healthcare, LLC (U.S.) among others.

Siemens

Siemens is headquartered in Munich, Germany founded in 1847. The company is engaged in electrification, automation and digitalization by offering power generation, power transmission and infrastructure solutions as well as automation, drive and software solutions for industry and of medical diagnostics solutions. Siemens offers various innovative solutions for better Life such as medical imaging, laboratory diagnostics, point of care testing, healthcare IT, services, clinical specialties, accessories OEM and electronics. The market focused category lies under medical imaging. The company operates through nine business segments which include power and gas, energy management, building technologies, mobility, digital factory, process industries and drives, Siemens Healthineers, Siemens Gamesa Renewable Energy, Financial Services. The market focused category lies under Siemens Healthineers category. The company is continuously engaged in strategic relationship to enhance the product and services of the radiology such as

  • In March 2019, Siemens Healthineers received FDA Approval for Mobilett Elara Max mobile X-ray system. It offers complete information technology (IT) security and secures the system. Major advantage of this approval is to provide cyber security threats and efficiency as its data can be excess from anywhere.

The company has wide geographical presence in North America, South America, Europe, Asia-Pacific, and Middle East & Africa. It operates through its subsidiaries such as Findings24 GmbH (Germany), Siemens Healthcare S. R. O. (Czechia), Siemens Healthcare d.o.o. Beograd (Serbia), PETNET Solutions Cleveland, LLC (US), Fast Track Diagnostics Ltd (luxembourg) and among others.

GE Healthcare

GE Healthcare headquartered in Massachusetts, U.S. was established in 1892. The company is engaged in providing products, solutions and services to be used in diagnosis, treatment and monitoring of patients and in the development and manufacture of biopharmaceuticals. GE Healthcare offers various innovative solutions for better Life such as accessories and supplies, advanced visualization, anesthesia delivery, bone health and metabolic health, computed tomography, contrast media, diagnostic ECG, edison, EP recording, goldseal-refurbished systems, healthcare it, hemodynamic recording, interoperability, interventional image guided systems, life sciences, magnetic resonance imaging, mammography, maternal infant care, molecular imaging, nuclear imaging agents, patient monitoring, radiography, fluoroscopy systems, surgical imaging, ultrasound, ventilators. The market focused category lies under computed tomography, magnetic resonance imaging, mammography, molecular imaging, nuclear imaging, patient monitoring, radiography, fluoroscopy systems, surgical imaging, ultrasound category The company operates through two business segments which include healthcare systems, life sciences. The market focused category lies under Healthcare Systems category The company is continuously engaged in strategic relationship to enhance the product and services of the radiology such as

  • In February 2017, GE Healthcare (U.S.) and Teleradiology Solutions (India) collaborated to utilize Teleradiology Solution's RadSpa, a Radiology Workflow Solution to provide remote radiology reporting services to healthcare providers across India. This partnership will fulfill the space gap by making high quality remote radiology reporting services.

The company has global presence in Europe, America, Middle East and Africa regions. The company has subsidiaries such as Biacore (Sweden), GE Healthcare Dharmacon, Inc. (U.S.), GE Healthcare BV (Netherlands), Nihon Medi-Physics Co. Ltd.(Japan), Hyclone Laboratories Inc. (U.S.), and among others.