Dublin, Aug. 17, 2022 (GLOBE NEWSWIRE) -- The "Medical Imaging Equipment Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Medical Imaging Equipment Services Market to Reach $24.6 Billion by 2026
COVID-19 is poised to change service requirements associated with medical imaging equipment due to different usage levels for these systems amid the pandemic. While mobile X-ray systems are anticipated to require high service needs owing to extensive use of the equipment to deal with infected patients, nuclear medicine, MRI and mammography equipment are likely to hold limited service requirements.
Traditionally, services contracts related to diagnostic imaging equipment cover preventive maintenance and break-and-fix services, with OEM parts, remote diagnostics, technical support over telephone, preventive maintenance and contracted onsite response time being the commonly used options. These services play an important role in accelerating the repair time and reducing downtime.
Amid the COVID-19 crisis, the global market for Medical Imaging Equipment Services estimated at US$20.9 Billion in the year 2022, is projected to reach a revised size of US$24.6 Billion by 2026, growing at a CAGR of 4% over the analysis period. Equipment Repair & Maintenance, one of the segments analyzed in the report, is projected to grow at a 4.6% CAGR to reach US$15.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Equipment Removal & Relocation segment is readjusted to a revised 2.5% CAGR for the next 7-year period. This segment currently accounts for a 12.4% share of the global Medical Imaging Equipment Services market.
The U.S. Market is Estimated at $6.2 Billion in 2022, While China is Forecast to Reach $2.6 Billion by 2026
The Medical Imaging Equipment Services market in the U.S. is estimated at US$6.2 Billion in the year 2022. The country currently accounts for a 29.96% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.6 Billion in the year 2026 trailing a CAGR of 5.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach US$2.8 Billion by the end of the analysis period.
Select Competitors (Total 56 Featured):
- Agfa HealthCare N.V.
- Althea Group
- Medical Equipment Solutions and Applications Sagl
- BC Technical, Inc.
- Canon Medical Systems Corporation
- Esaote S.p.A
- Fonar Corporation
- GE Healthcare
- Hitachi Ltd.
- Hologic, Inc.
- Koninklijke Philips N.V.
- Samsung Medison Co., Ltd.
- Shimadzu Corporation
- Siemens Healthineers
- TRIMEDX
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Persistent Need to Maintain Fully-Conditioned Imaging Equipment: Cornerstone for Growth
- Cost Comparison of Different Imaging Modalities
- Rise in Third Party Imaging Centers result in Increased Demand for Timely Servicing
- Key Factors to Consider While Selecting Medical Imaging Equipment Service Providers
- Rise in Number of Diagnostic Imaging Centers to Drive Demand for Imaging Services
- Service Providers Offer Plethora of Services
- Application of AI in Maintenance Services
- Rise in Medical Diagnostic Volumes Augurs Well for Market Growth
- Aged and Outdated Equipment: Primary Demand Driver
- Rise in Need for New Advances in Medical Imaging Technology
- Obsolete Imaging Equipment Impacting Claim Costs and Quality of Care of Injured Workers
- Refurbished Equipment Fuels Services Market
- Preventive Maintenance Critical in Time and Materials Service
- Remote Services: An Additional Benefit to Make the Switch
- Potential for Services in Mobile Medical Imaging Equipment
- Rise in Demand for Sophisticated Healthcare Technologies Drives Demand for Installation and Maintenance Services
- Rise in Deployment & Usage of Imaging Equipment Across Modalities: A Review
- MRI Leads the Global Diagnostic Imaging Market
- CT Imaging Gains Popularity
- Demographic Factors Favor Growth
- Rising Incidence of Chronic Diseases Propels the Demand for Medical Imaging
- Rising Prevalence of Chronic Diseases Amplifies the Volume of Diagnostic Imaging Procedures
- Uptrend in Healthcare Expenditure Drives Opportunities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/70j398
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