Global Radiology Services Market, By Product (Stationary Digital Radiology Systems and Portable Digital Radiology Systems), Type (Product and Services), Procedure (Conventional and Digital), Patient Age (Adults and Paediatric), Radiation Type (Diagnostics and Interventional Radiology), Application (Cardiovascular, Oncology, Gynaecology, Neurology, Urology, Dental, Pelvic and Abdominal, Musculoskeletal and Others), End Users (Hospitals, Ambulatory Centres, Diagnostic Centres, Clinics and Others), Country (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 & Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the radiology services market will exhibit a CAGR of around 11.70% for the forecast period of 2021-2028. Rising prevalence of age-associated disorders such as Alzheimer’s disease, Parkinson’s disease and dementia, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing rate of geriatric population and rising expenditure for the development of healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of radiology services market.
Radiology services are the medical imaging services that are used for the purpose of diagnosis and treatment. Radiology services are minimally invasive medical procedures such as positron emission tomography (PET), magnetic resonance imaging (MRI) and computed tomography (CT).
Upsurge in the prevalence of chronic diseases such as arthritis is one of the major factors fostering the growth of the market. Growth opportunities in emerging countries such as India, China, Brazil, and South Africa coupled with growing innovations and advancements of technologies is another market growth determinant. Rising health awareness among the individuals, growing demand for minimally invasive medical procedures and rising medical tourism are other important factors that will further generate lucrative market growth opportunities.
However, improper and unfavourable reimbursement scenario in the developing and underdeveloped economies will derail the market growth rate. Also, hospital budget cuts and technological limitations associated with standalone systems will further pose challenges for the market. Dearth of skilled professionals in the backward economies and side effects on the body of undergoing radiology will also hamper the market growth rate.
This radiology services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 radiology services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Radiology Services Market Scope and Market Size
The radiology services market is segmented on the basis of product, type, procedure, patient age, radiation type, application, and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the radiology services market is segmented into stationary digital radiology systems and portable digital radiology systems.
- On the basis of type, the radiology services market is segmented into product and services.
- On the basis of procedure, the radiology services market is segmented digital and conventional.
- On the basis of patient age, the radiology services market is segmented into paediatric and adults.
- On the basis of radiation type, the radiology services market is segmented into diagnostics and interventional radiology.
- On the basis of application, the radiology services market is segmented into dental, musculoskeletal, pelvic and abdominal, gynaecology, cardiology, urology, neurology, oncology and others.
- On the basis of end users, the radiology services market is segmented into hospitals, ambulatory centres, diagnostic centres, clinics and others.
Radiology Services Market Country Level Analysis
The radiology services market is segmented on the basis of product, type, procedure, patient age, radiation type, application, and end users.
The countries covered in the radiology services 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 services market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increasing funding for research and development activities and growing occurrence of chronic diseases. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the growing awareness about minimally invasive medical procedures, and ever-rising geriatric population.
The country section of the radiology services market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 services 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 services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the radiology services market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Radiology Services Market Share Analysis
The radiology services 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 services market.
The major players covered in the radiology services market report are Hitachi, Ltd., Siemens Healthcare GmbH, CANON MEDICAL SYSTEMS CORPORATION, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Aspect Imaging Ltd., Bruker, AURORA HEALTHCARE US CORP, FONAR Corp., ESAOTE SPA, Neusoft Corporation., TOSHIBA CORPORATION, Sanrad Medical Systems Private Limited, FUJIFILM Holdings Corporation, ONEX Corporation, Hologic, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Quality Electrodynamics, LLC, Shenzhen Anke High-tech Co., Ltd. and Magritek among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Radiology Services Market
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