Medical imaging refers to methods for taking images of the human body (or particular body parts) for use in clinical procedures, diagnosis, and medical research, which include examining healthy anatomy and function. Biological imaging techniques include radiography, endoscopy, thermography, medical photography, and microscopy. Electroencephalography (EEG) and magnetoencephalography (MEG), which yield data portrayed as maps rather than pictures, are two measuring and recording methods used in medical imaging.
The market for medical imaging services was significantly impacted by the COVID-19 epidemic. In order to focus resources for COVID-19 patients and reduce the danger of virus transmission, numerous non-essential imaging tests and screenings were delayed or canceled during the early stages of the pandemic. As a result, the quantity of medical imaging services as a whole decreased. Due to the adoption of infection control methods, social distance regulations, and the need for personal protective equipment (PPE), medical imaging services also experienced operational challenges. The schedule had to be changed, it took longer to get imaging findings, and it took longer between patient visits to clean and sanitize. However, as things started to get better, imaging services started to pick back up, with a focus on safety procedures, telemedicine, backlog management, and the use of AI and automation.
Future market growth is expected to be significantly influenced by the rising demand for cutting-edge imaging modalities by teaching hospitals and universities to deliver advanced technical training. The market will grow as more AI is used to automate image quantification and identification. To ensure the early detection of age-related macular degeneration, Google's AI platform, Deep Mind, collaborated with Moorfields Eye Hospital to analyze all optical CT scanner eye scans. Additionally, radiologists can now evaluate pictures more quickly because to the development of 3D MRI and CT scans, reducing analysis time and increasing efficacy. Computer vision is also being used to find issues that the human eye cannot see. In addition, the likelihood of contracting diseases increases proportionately with age. At least one chronic ailment affects 80% of elderly Americans, according to the Centers for Disease Control and Prevention (CDC). By 2030, the American Medical Association (AMA) predicts that at least 60% of adults 65 and older would have multiple chronic illnesses. An rise in the elderly population will therefore likely raise demand for more advanced diagnostic treatment options and diagnostic imaging services.
Diagnostic imaging equipment is pricey and requires a sizable initial investment. Healthcare organizations that purchase such pricey equipment, primarily outpatient imaging facilities, occasionally rely on third-party payers to cover the costs of tests, screenings, and treatments carried out using these systems. Due to factors like ongoing reductions in reimbursements for diagnostic imaging scans and rising diagnostic imaging system costs, small and medium-sized imaging facilities are unable to invest in technologically cutting-edge diagnostic imaging modalities, which restrains the expansion of the services market.
The expansion of the medical imaging services market has been fueled by the expansion and modernization of healthcare infrastructure as well as the enormous burden of chronic diseases in developing countries. Additionally, it is anticipated that the market for medical imaging services would develop due to an increase in intervention procedures brought on by the increased desire for minimally invasive surgeries.
The development of the product range, rising awareness, and advantageous reimbursement policies are other factors that are anticipated to fuel market growth. However, strict guidelines for approval as well as radiation-related negative effects from the system are anticipated to restrain market expansion. On the other hand, the market for medical imaging services is anticipated to have plenty of growth throughout the forecast period due to an increase in R&D activities and technical advances.
Report Coverage
Global Medical Imaging Services research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Medical Imaging Services report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Medical Imaging Services competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Medical Imaging Services market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | HCA International Limited, Alliance Medical Limited (Life Healthcare Group), Spire Healthcare Group plc, Nuffield Health, , Circle Health Group Ltd, Royal Brompton Hospital, The Royal Marsden, The London Clinic, Ramsay Health Care UK, In Health, Aspen Healthcare, Medica Group PLC, Qure.ai, Vista Health, Global Diagnostics, The Medical Chambers Kensington, Xyla Elective Care, Pall Mall Medical Diagnostic Centre, Diagnostic Healthcare, Echelon Health, Medical Imaging Partnership, Welbeck Health Partners, Zwanger-Pesiri Radiology, Phoenix Hospital Group, RadNet, Inc, Akumin Inc, RAYUS Radiology, Touchstone Medical Imaging, Envision Radiology, Zwanger-Pesiri Radiology, DIGIRAD HEALTH, INC, Imaging Healthcare Specialists LLC, American Health Imaging, Shields Health Care Group Inc, Jefferson Radiology, SimonMed, Inland Imaging, Charlotte Radiology, Radiology Associates of North Texas, P.A., Midwest Radiology, Diagnostic Imaging NW, Solis Mammography, Northwest Radiology Network, PC, InterMountain Medical Imaging, TGH Imaging (Tower Radiology Centres), Roadrunner Radiology, National Diagnostic Imaging, Green Imaging, Concord Imaging Center, Sonic Healthcare, GenesisCare, I-MED Radiology Network, Integral Diagnostics, Capitol Health, Perth Radiological Clinic, Qscan Group Holdings Pty Ltd, Lake Imaging, Imaging Associate, Illawarra Radiology Group, Carlisle Health Pty Ltd, PRP Diagnostic Imaging, Direct Radiology, Castlereagh Imaging, Exact Radiology Clinics, Victorian Imaging Group, South West Radiology, Vision XRAY, ClinRad Imaging, East Coast Radiology, Southern Radiology, Adelaide MRI, Melbourne Radiology Clinic, Australian Radiology Clinics, Western Radiology, among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Medical Imaging Services Market from 2021 to 2030.
- Market Forecast for Medical Imaging Services Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Medical Imaging Services competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Medical Imaging Services
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Medical Imaging Services market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Medical Imaging Services market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
HCA International Limited, Alliance Medical Limited (Life Healthcare Group), Spire Healthcare Group plc, Nuffield Health, , Circle Health Group Ltd, Royal Brompton Hospital, The Royal Marsden, The London Clinic, Ramsay Health Care UK, In Health, Aspen Healthcare, Medica Group PLC, Qure.ai, Vista Health, Global Diagnostics, The Medical Chambers Kensington, Xyla Elective Care, Pall Mall Medical Diagnostic Centre, Diagnostic Healthcare, Echelon Health, Medical Imaging Partnership, Welbeck Health Partners, Zwanger-Pesiri Radiology, Phoenix Hospital Group, RadNet, Inc, Akumin Inc, RAYUS Radiology, Touchstone Medical Imaging, Envision Radiology, Zwanger-Pesiri Radiology, DIGIRAD HEALTH, INC, Imaging Healthcare Specialists LLC, American Health Imaging, Shields Health Care Group Inc, Jefferson Radiology, SimonMed, Inland Imaging, Charlotte Radiology, Radiology Associates of North Texas, P.A., Midwest Radiology, Diagnostic Imaging NW, Solis Mammography, Northwest Radiology Network, PC, InterMountain Medical Imaging, TGH Imaging (Tower Radiology Centres), Roadrunner Radiology, National Diagnostic Imaging, Green Imaging, Concord Imaging Center, Sonic Healthcare, GenesisCare, I-MED Radiology Network, Integral Diagnostics, Capitol Health, Perth Radiological Clinic, Qscan Group Holdings Pty Ltd, Lake Imaging, Imaging Associate, Illawarra Radiology Group, Carlisle Health Pty Ltd, PRP Diagnostic Imaging, Direct Radiology, Castlereagh Imaging, Exact Radiology Clinics, Victorian Imaging Group, South West Radiology, Vision XRAY, ClinRad Imaging, East Coast Radiology, Southern Radiology, Adelaide MRI, Melbourne Radiology Clinic, Australian Radiology Clinics, Western Radiology, among others.
Primary Target Market
- Market Players of Medical Imaging Services
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Medical Imaging Services market based on the below-mentioned segments:
Global Medical Imaging Services Market, By Modality
X-Ray Imaging
MRI
Ultrasound
Computed Tomography
Nuclear Imaging
Mammography
Global Medical Imaging Services market, By Application
Cardiology
Neurology
Orthopedics
Gynecology
Oncology
Others
Global Medical Imaging Services Market, By End User
Hospitals
Diagnostic Centers
Clinics
Ambulatory Surgical Centers
Global Medical Imaging Services market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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