Increasing Prevalence of Chronic Diseases Drives the Demand for Republic of Ireland (ROI) and Northern Ireland MRI and CT Scan Radiology Services Market

According to the EPICC (Evidence for Policies to Prevent Chronic Diseases) study, which was carried out with the help of the Health Research Board, which stated asthma, chronic obstructive pulmonary disease, coronary heart disease, hypertension, stroke, and diabetes are some of the selected chronic illnesses for which prevalence statistics are available in Ireland. This paper also discusses multimorbidity. These projections were made in 2021 and are based on the most accurate, current, and nationally representative data available (Healthy Ireland– HI survey and The Irish Longitudinal Study on Ageing - TILDA).

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Data Bridge Market Research analyses that the Republic of Ireland (ROI) MRI and CT Scan Radiology Services Market is expected to grow at a CAGR of 4.2% in the forecast period of 2023 to 2030 and is expected to reach USD 498.61 million. The computed tomography (CT) scan segment is projected to propel the market's growth as they are widely used for diagnosis in various regions and more advanced technologies are available. Especially these devices have a broad range of applications for research and clinical purposes, including a cancer diagnosis.

Key Findings of the Study

• The Republic of Ireland (ROI) and Northern Ireland MRI and CT scan radiology services market is anticipated to reach USD 498.61 million and USD 125.04 million by 2030, with a CAGR of around 4.2% and 3.6% during the forecast period from 2021 to 2030
• The Republic of Ireland dominated the MRI and CT scan radiology services market in 2023 due to the higher level of investments, efficient services provided to the manufacturers, and the increasing prevalence of cancer cases
• The computed tomography (CT) scan segment accounted for the largest share in 2022 at 66.78% and 66.25%. The computed tomography (CT) scan segment is growing due to the rising prevalence of cancer patients and increasing healthcare spending. Moreover, the major players in the market are launching various innovative featured products and services in the region, further improving the segment's growth
• The market was adversely affected by the COVID-19 outbreak. The lockdown restriction led to the emergence of various challenges, such as decreased hospitals & clinics visits and delays in reports and other facilities
• The market is expected to register lucrative growth over the forecast period of 2023 to 2030 due to the rising cases of trauma injuries

Increasing Prevalence of Chronic Diseases

The prevalence of chronic diseases inclines to become more common due to poor lifestyle choices such as smoking, poor nourishment, consumption of alcohol, absence of physical activity, and inadequate relief of chronic stress, which results in cardiovascular disease, arthritis such as heart attacks, stroke, cancer such as colon cancer and breast cancer, seizures, diabetes, epilepsy, obesity, and oral health problems. Radiology is done for internal observation using medical imaging procedures to treat and diagnose chronic disease. However, the chronic illness remains for a more extended period and requires continuous compliance. Therefore, the increasing chronic disease prevalence may boost the growth of the Republic of Ireland (ROI) and Northern Ireland MRI and CT scan radiology services market.

Report Scope and Market Segmentation

Segment Analysis:

The Republic of Ireland (ROI) and Northern Ireland MRI and CT scan radiology services market is segmented on the basis of device type and end user.  

• On the basis of device type, the Republic of Ireland (ROI) and Northern Ireland MRI and CT scan radiology services market is classified into computed tomography (CT) scan and magnetic resonance Imaging (MRI).

In 2023, the computed tomography (CT) scan segment of the device type segment is anticipated to dominate the Republic of Ireland (ROI) and Northern Ireland MRI and CT scan radiology services market

In 2023, this market's computed tomography (CT) scan segment is expected to dominate the MRI and CT scan radiology services market owing to the increasing geriatric population and cancer cases utilizing various devices and services such as teleradiology. The computed tomography (CT) scan segment is expected to reach the highest CAGR of 4.6% and 3.9% in 2021-2030.

• On the basis of end user, the Republic of Ireland (ROI) and Northern Ireland MRI and CT scan radiology services market is segmented into hospitals & clinics, Diagnostic Imaging centers, home care, and ambulatory care. The hospitals & clinics segment is expected to dominate the market with 45.98% and 46.74% market share due to the increasing adoption of advanced services and rising healthcare concern of the patient over the past few years

Mater Private Network (Ireland), The Ulster Independent Clinic Ltd (Ireland), SVPH (Ireland), St. James's Private Radiology (Ireland), NOAH (Ireland), Beacon Hospital (Ireland), Bon Secours Health System, Inc (U.S.), AFFIDEA (Netherlands), and Alliance Medical Diagnostic Imaging Ltd. (Ireland) among others.

Major Players

Data Bridge Market Research recognizes the following companies as the major colorectal cancer diagnostics market players in Republic of Ireland (ROI) and Northern Ireland MRI and CT scan radiology services market Mater Private Network (Ireland), The Ulster Independent Clinic Ltd (Ireland), SVPH (Ireland), St. James's Private Radiology (Ireland), NOAH (Ireland), Beacon Hospital (Ireland), Bon Secours Health System, Inc (U.S.), AFFIDEA (Netherlands), Alliance Medical Diagnostic Imaging Ltd. (Ireland), UPMC Affiliated with the University of Pittsburgh Schools of the Health Sciences (U.S.), Blackrock Clinic Limited (Ireland), Global Diagnostics (Ireland) Limited (Ireland), and Charter Medical (Ireland).

Market Developments

• In March 2023, Forties Clinic of the AFFIDEA group agreed to acquire Schoen Clinic London, creating the UK's leading Centre of Excellence in Orthopaedics and Sports Medicine in central London. This acquisition will help the company to expand globally
• In March 2023, UPMC announced that it had formally acquired the renowned Sports Surgery Clinic (SSC) in Dublin, following approval by the Competition and Consumer Protection Commission (CCPC). SSC now becomes UPMC's fourth hospital in Ireland, joining UPMC Whitfield in Waterford, UPMC Kildare in Clane, and UPMC Aut Even in Kilkenny, along with sports medicine, cancer, and outreach facilities across Ireland. This will help the company to expand
• In December 2022, Alliance Medical Diagnostic Imaging Ltd following assessment by a team of external senior healthcare professionals trained as peer review surveyors, Alliance Medical was accredited by CHKS. This means the processes and standards meet internationally-recognized best practices, legislation, and regulatory requirements. This helped the company to expand its services globally
• In October 2022, Blackrock Health at Blackrock Clinic launched a new dedicated EP Cath Lab. The new lab is the third Cath Lab at Blackrock Clinic but the first fully dedicated to electrophysiology (EP). This helped the company to provide more testing services to the customers
• In June 2022, Medica Group PLC announced they acquired RadMD, a leading Imaging Contract Research Organisation (iCRO) headquartered in Philadelphia. Following the purchase of Global Diagnostics Ireland in November 2020, this acquisition represents a further diversification of customer base, geographical operations, and an entry into the exciting Clinical Trials market

Regional Analysis

Geographically, the countries covered in the MRI and CT scan radiology services market report are Republic of Ireland (ROI) and Northern Ireland.

As per Data Bridge Market Research analysis:

Republic of Ireland is the dominant region in MRI and CT scan radiology services market during the forecast period 2021 - 2030

In 2022, the Republic of Ireland dominated the MRI and CT scan radiology services market due to the rising demand for blockchain imaging techniques, teleradiology, and teleconsultation services. The Republic of Ireland is expected to continue dominating the MRI and CT scan radiology services market in terms of market share and market revenue. It will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technology and the launch of new services and devices in this region. Additionally, the increasing number of cancer cases and the rising geriatric population are expected further to enhance this region's market's growth rate. 

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