Image

Global Radiology Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Radiology Market, By Type (Interventional Radiology, Diagnostic Radiology), Services (Fusion Imaging, X-Rays, Ultrasound, Computed Tomography (CT), Nuclear Medicine, Positron Emission Tomography (PET),  Magnetic Resonance Imaging (MRI)), End Use (Hospitals, Diagnostic Centers, Others) – Industry Trends and Forecast to 2029.

Radiology Market

Global Radiology Market Analysis and Size

Over the years, radiology has grown as an essential diagnostic tool for a variety of diseases and a powerful tool for monitoring treatment and anticipating the results.  Surging demand for early disease diagnosis and widening scope of clinical applications have largely aided the market to expand over the forecasted period. Consequently, the presence of various growth determinants will help the market show substantial growth.

  • Global radiology market was valued at USD 26.6 billion in 2021 and is expected to reach USD 43.04 billion by 2029, registering a CAGR of 6.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Radiology Market Definition

Radiology (also referred as diagnostic imaging) includes multiple tests are included in the process, which require projecting and imagining specific bodily regions. It is important in various diagnostic procedures such as CT scans, MRIs, X-rays, and ultrasounds. Radiology is a medical specialty that uses imaging technologies to diagnose and treat disorders that are visible inside the body. Radiologists use imaging techniques such as computed tomography (CT), X-ray, magnetic resonance imaging (MRI), positron emission tomography (PET), and ultrasound to treat and diagnose ailments.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Type (Interventional Radiology, Diagnostic Radiology), Services (Fusion Imaging, X-Rays, Ultrasound, Computed Tomography (CT), Nuclear Medicine, Positron Emission Tomography (PET),  Magnetic Resonance Imaging (MRI)), End Use (Hospitals, Diagnostic Centers, Others) 

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

General Electric (U.S.), Siemens (Germany), Koninklijke Philips N.V. (Netherlands), Agfa-Gevaert N.V. (Belgium), Canon Medical Systems Corporation (Japan), Hitachi Ltd. (Japan), Carestream Health (U.S.), Esaote S.p.A (Italy), F. Hoffmann-La Roche Ltd., (Switzerland), Axis-Shield Diagnostics Ltd. (U.K), Hologic, Inc. (US), FUJIFILM Holdings Corporation (Japan),  Cerner Corporation (U.S.), Samsung (South Korea),  Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Planmed Oy (Finland), CurveBeam (US), Shimadzu Corporation (Japan), Allscripts Healthcare, LLC (U.S)

Market Opportunities

  • Growing number of research activities and digitization
  • Surging levels of investment

Radiology Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Growing Burden Of Chronic Diseases

The surging occurrences of chronic disorders among the growing population are the most significant factors driving this market's growth. Additionally, the increase in the aging population and changes in societal behavior are contributing to a steady increase in these common and costly long-term health problems are also projected to bolster the growth of the market.

The rising preference and need of minimally invasive procedures due to cost-effective solutions and lesser hospital stay are also expected to accelerate the overall growth of the market. Furthermore, the expanding healthcare sector along with the increasing penetration of advanced data analytics tools are also expected to fuel market growth. Moreover, the growing need for advanced, cost-effective, and reliable diagnostic services and solutions also cushions the market’s growth within the forecasted period.

Opportunities

  • Growing Research and Investment Activities

Moreover, the surging levels of investment that will help develop advanced and technological products and provide adequate training and safety are estimated to generate lucrative opportunities for the market. The growing number of research activities and digitization will further offer numerous growth opportunities for the market.

Restraints/Challenges Global Radiology Market

  • High Costs

On the other hand, the high cost of the installation is expected to obstruct market growth.

  • Dearth of Labour

The shortage of skilled professionals or lack of trained paramedics is projected to challenge the radiology market in 2022-2029.

This radiology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the radiology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post Covid-19 Impact on Radiology Market

The radiology market was both positively and negatively impacted by the outbreak of COVID-19. During the height of the pandemic, there were imposition of the lockdown and social distancing guidelines to postpone emergency outpatient visits had a significant impact on screening services such as mammography and lung cancer screening, and the impact has been felt across the sector, including interventional procedures. The pandemic has also affected manufacturing companies as they are working with a little workforce. Furthermore, due to modern packaging rules and country-imposed lockout procedures, the turnaround time for delivering products and services is hampered. As COVID-19 is extremely contagious, the American College of Radiology (ACR), which represents over 40,000 radiologists in the United States, has advised that CTs and X-rays should not be used as a first-line technique diagnose or screen for it.

On the flip side, the market for computed tomography (CT) scanners grew dramatically. In order to keep up with the increased demand for scanners around the world, companies adopted a number of concrete steps, which will help the market to show moderate growth during COVID-19.

Recent Developments

  • In November 2020, Centro Rossi, a leading healthcare provider in Argentina with 13 sites around Greater Buenos Aires, integrates the Exa® Enterprise Imaging Platform across all of its facilities, according to Konica Minolta Healthcare Americas, Inc. In addition, Konica Minolta established a partnership with Habitat Evolution to offer the Exa Enterprise Imaging Platform throughout Argentina.

Global Radiology Market Scope

The radiology market is segmented on the basis of type, services and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Interventional Radiology
  • Diagnostic Radiology

On the basis of type, the radiology market is segmented into interventional radiology and diagnostic radiology.

Services

  • Fusion Imaging
  • X-Rays
  • Ultrasound
  • Computed Tomography (CT)
  • Nuclear Medicine
  • Positron Emission Tomography (PET)
  • Magnetic Resonance Imaging (MRI)

On the basis of services, the radiology market is segmented into fusion imaging, x-rays, ultrasound, computed tomography (CT), nuclear medicine, positron emission tomography (PET) and magnetic resonance imaging (MRI).

End Use

  • Hospitals
  • Diagnostic Centers
  • Others

On the basis of end use, the radiology market is bifurcated into hospitals, diagnostic centers and others.

Radiology Market Regional Analysis/Insights

The radiology market is analyzed and market size insights and trends are provided by country, type, services and end use as referenced above.

The countries covered in the radiology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the radiology market because of the increasing demand of digitization along with rising awareness among the people regarding the benefits of advanced treatments within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing demand for advanced healthcare systems among the aging population, increasing prevalence of chronic diseases, and the developing healthcare infrastructure within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The radiology market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for radiology market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the radiology market. The data is available for historic period 2010-2020.

Competitive Landscape and Radiology Market Share Analysis

The radiology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to radiology market.

Some of the major players operating in the radiology market are

General Electric (U.S.), Siemens (Germany), Koninklijke Philips N.V. (Netherlands), Agfa-Gevaert N.V. (Belgium), Canon Medical Systems Corporation (Japan), Hitachi Ltd. (Japan), Carestream Health (U.S.), Esaote S.p.A (Italy), F. Hoffmann-La Roche Ltd., (Switzerland), Axis-Shield Diagnostics Ltd. (U.K), Hologic, Inc. (US), FUJIFILM Holdings Corporation (Japan),  Cerner Corporation (U.S.), Samsung (South Korea),  Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Planmed Oy (Finland), CurveBeam (US), Shimadzu Corporation (Japan), Allscripts Healthcare, LLC (U.S)

Research Methodology : Global Radiology Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-radiology-market

Customization Available : Global Radiology Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

CHOOSE LICENCE TYPE
  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00
Why Choose Us
Unlocking New Opportunities on this Report Post Covid-19

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions



Frequently Asked Questions

The Radiology Market is Expected to Show a Value of USD 43.04 billion by 2029.
The Radiology Market is Estimated to Register a CAGR of 6.20% During the Forecast Period of 2022 to 2029.
The Major Companies Operating in the Radiology Market are General Electric (U.S.), Siemens (Germany), Koninklijke Philips N.V. (Netherlands), Agfa-Gevaert N.V. (Belgium), Canon Medical Systems Corporation (Japan), Hitachi Ltd. (Japan), Carestream Health (U.S.), Esaote S.p.A (Italy) and F. Hoffmann-La Roche Ltd., (Switzerland).
The Countries Covered in the Radiology Market Report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Radiology Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.