Albany, NY, March 31, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Mobile Imaging Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020," the global mobile imaging services market was valued at USD 10.7 billion in 2013 and is expected to grow at a CAGR of 3.2% from 2014 to 2020, to reach an estimated value of USD 13.3 billion by 2020.
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Medical imaging systems have become indispensable for disease diagnosis due to numerous recent developments and applications. Moreover, in areas with fewer indoor hospital facilities, the mobile medical imaging systems are known to serve the needs, thus heading for an impressive growth in the next few years. The overall increase in the use of medical imaging systems in applications such as neurology, women's health, and cardiology is also known to positively impact the mobile imaging service market. Another key driver for the market is advertising. Increase in the awareness of these mobile options among the people would allow health-care providers to give a serious thought to this alternative mobile service option. Mobile imaging services provide faster medical care during natural calamities. Increase in the number of end-users has also boosted the overall mobile imaging services market.
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The global mobile imaging services market is analyzed by the service type, end-users and geography. On the basis of service type, the market is segmented into X-ray, ultrasound sonography, CT, MRI, PET/CT, bone densitometry and mammography. Primary customers of mobile imaging services include hospitals and private clinics, home healthcare providers, rehabilitation centers, geriatric care and hospice agencies, sports organizations, military institutions and prisons. Mobile MRI equipment is the most preferred modality for mobile purposes since it is more expensive than a CT scanner and also covers a wider range of applications. Thus this segment is known to grow at a faster pace owing to the high service cost coupled with growing demand for MRI procedures. The magnetic resonance imaging segment was valued at USD 3,740.6 million in 2013 and is expected to reach USD 4,737.9 million in 2020 at a CAGR of 3.5% from 2014 to 2020.
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Increasing patient inflow and long waiting times have created a need for hospitals to seek other alternatives. Hiring of mobile medical imaging devices for variable time periods to reduce the waiting time, reduces the financial burden on hospitals and simultaneously provides better healthcare services. These mobile units also serve the need in case of breakdown, replacement or upgrading of existing fixed site machines. Small-sized hospitals and private clinics do not have inbuilt facility of medical imaging due to insufficient funds. Furthermore, patient inflow is too less to justify the investment required for procuring expensive devices. In such cases, agreements with mobile imaging service providers help in providing better healthcare services and efficient management of hospital resources. The hospitals and private clinics segment is expected to reach USD 9,736.8 million in 2020 at a CAGR of 3.4% from 2014 to 2020.
Geographically, North America and Europe are expected to maintain their leading positions in the global mobile imaging services market throughout the forecast period from 2014 to 2020. Over 15% of the U.S. population resides in rural areas, with limited number of facilities available in these areas. People need to travel long distances to avail diagnostic imaging services. Furthermore, in-house set-ups at hospitals in these areas are insufficient to address the needs of all patients. In addition, statistics published by the Centers for Disease Control and Prevention (CDC) show that over 65% of the elderly population in the U.S. is chronically ill. Collectively, these factors have been major drivers for the mobile imaging services market in the U.S. At present, the European market is governed by a small number of players, dominated by Alliance Medical, followed by InHealth, and Nuffield. In order to reduce the long waiting list, the National Health Service (NHS) awarded a five-year contract to Alliance Medical Ltd. to perform around 635,000 MRI procedures in this region. Such contracts and agreements will certainly boost and provide the much wanted impetus to the mobile medical imaging industry. Government initiatives to increase the number of community health and oncology centers are also expected to widen the scope for the mobile medical imaging market in developing regions.
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Some of the major companies operating in the global mobile imaging services market are Alliance Healthcare Services, Accurate Imaging, Inc., Axiom Mobile Imaging, Cobalt Imaging Center, Center for Diagnostic Imaging, DMS Health Technologies, Inhealth Group Limited, Front Range Mobile Imaging, Interim Diagnostic Imaging, Inc., Nuffield Health, Jacksonville Mobile Imaging, Inc., and VanScan Ltd.
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The global mobile imaging services market is segmented as follows:
Mobile Imaging Services Market, by Type
- X-ray
- Ultrasound
- Magnetic Resonance Imaging
- Computed Tomography
- Positron Emission Tomography/ Computed Tomography
- Bone Densitometry
- Mammography
Mobile Imaging Services Market, by End-users
- Hospitals and Private Clinics
- Home Healthcare Service Providers
- Rehabilitation Centers, Geriatric Care and Hospice Agencies
- Sports Organizations
- Others (Military Institutions, Prisons)
Mobile Imaging Services Market, by Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Browse All Medical Market Research Reports: http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.