North America Radiology Services Market, By Type (Stationary Digital Radiology Systems, Portable Digital Radiology Systems), Procedure (Conventional, Digital), Patient Age (Adults, Pediatric), Radiation Type (Diagnostics, Interventional Radiology), Application (Cardiovascular, Oncology, Gynecology, Neurology, Urology, Dental, Pelvic and Abdominal, Musculoskeletal, Others), End Users (Hospitals, Ambulatory Centers, Diagnostic Centers, Clinics), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Radiology Services Market
Radiology services market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 8.10% in the above-mentioned forecast period.
Radiology is a branch of medicine that is used by radiologists for the detection diagnosis and treatment of injury that are seen inside the body by imaging technology such as positron emission tomography (PET), computed tomography (CT), X-rays, magnetic resonance imaging (MRI), ultrasound and fusion imaging. The radiology services provide prediction of outcomes, minimally invasive medical procedures, and treatment monitoring.
The increase in the geriatric population and changing lifestyle and dietary habits are the significant factors responsible for driving the growth of the radiology services market. Additionally, rising public awareness among the population, increased acceptance in the medical fraternity, advancements in healthcare infrastructure and emergence of new thin client 3D viewers also heighten the overall growth of the market. However, the high cost of diagnostic imaging systems and the low reimbursement structure for outpatient imaging facilities is estimated to obstruct the market’s growth.
Furthermore, the rising research and development investments and strategies adopted by the market’s top players are expected to generate profitable opportunities for the market. On the other hand, the concerns regarding the risks associated with high radiation exposure have the potential to challenge for the market’s growth.
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 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 Data Bridge Market Research radiology services market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Radiology Services Market Scope and Market Size
Radiology services market is segmented on the basis of type, procedure, patient age, radiation type, application and end user. The growth amongst these segments will help you analyze 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 type, the market is segmented into stationary digital radiology systems and portable digital radiology systems.
- On the basis of procedure, the market is segmented digital and conventional.
- On the basis of patient age, the market is segregated into pediatric and adults.
- On the basis of radiation type, the market is segmented into diagnostics and interventional radiology.
- On the basis of application, the market is segmented into dental, musculoskeletal, pelvic and abdominal, gynecology, cardiology, urology, neurology, oncology and others.
- On the basis of end users, the market is bifurcated into hospitals, ambulatory centers, diagnostic centers and clinics.
Radiology Services Market Country Level Analysis
Radiology services market is analyzed and market size insights and trends are provided by type, procedure, patient age, radiation type, application and end user as referenced above.
The countries covered in the radiology services market report are U.S., Canada and Mexico in North America.
U.S is expected to show a rapid and lucrative growth rate in the forecast period of 2021 to 2028 owing to the increased public awareness and the availability of radiology services in the region.
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 North America 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
Radiology services market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, 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
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, North America 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 Siemens, 4ways Healthcare Limited, Mednax Services, Inc., Everlight Radiology, RadNet, Inc., Koninklijke Philips N.V., Sonic Healthcare Limited, Medica Reporting Ltd., ONRAD, Inc., UNILABS, Radiology Reports online, Teleradiology Solutions., InHealth Group, Concordmedical, Alliance HealthCare Services, Spectrum Health, Premier Radiology, envrad, RamSoft Inc., General electric among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed 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 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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, 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.
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