Dublin, Nov. 30, 2023 (GLOBE NEWSWIRE) -- The "Medical Imaging Equipment Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Medical Imaging Equipment Services Market to Reach $29.7 Billion by 2030
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$29.7 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030.
The report encompasses an in-depth analysis of the global market for Equipment Repair & Maintenance, Equipment Removal & Relocation, Refurbished Systems, Other Service Types, OEM, Other Service Providers, Hospitals, Diagnostic Centers, and Other End-Uses within the medical imaging equipment services industry.
Equipment Repair & Maintenance, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$17.9 Billion by the end of the analysis period. Growth in the Equipment Removal & Relocation segment is estimated at 3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $6.2 Billion, While China is Forecast to Grow at 6.1% CAGR
This analysis includes data on annual revenues, percentage CAGR, historic reviews, and a 16-year perspective for various geographic regions, such as the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
The Medical Imaging Equipment Services market in the U.S. is estimated at US$6.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Additionally, the report features a summary of annual sales figures for Medical Imaging Equipment Services from 2014 to 2030, providing a comprehensive overview of this market segment.
Select Competitors
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 529 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $20.9 Billion |
| Forecasted Market Value (USD) by 2030 | $29.7 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- IMPACT OF COVID-19 on MEDICAL IMAGING MARKET
- Imaging Screening Volume % Change 1H 2019 Vs 1H 2020 in U.S Hospitals
- As Medical Imaging Revenues Remain in Jeopardy, Hospitals Switch to Equipment Services to Rein in Costs
- Rising Adoption of Remote Servicing
- Adjusting Protocols to Push Throughput
- COVID-19 Set to Influence Service Requirements of Medical Imaging Modalities
- Value-added Services & Post-Warranty Contracts
- Resumption of Elective Procedures Prompts Radiology Departments to Ensure High Efficiency & Uptime for Imaging Equipment
- Right to Repair Legislation to Create Divide among Imaging Equipment Service Providers
- Medical Imaging Equipment Services - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Global Medical Imaging Equipment Services Market: A Primer
- Types Of Services
- Types of Vendors
- Outlook
- Developed Regions Dominate the Market
- Fast Paced Growth Forecasts in Developing Regions
- OEMs Dominate the Medical Imaging Equipment Services Market
- Market Challenges
- Evolving Role of In-House Service Departments
- Reimbursement Policies
- Repair Contract Volumes
- COMPETITION
- Market Share of Leading Players in Global Medical imaging equipment Market: 2020
- Market Share of Leading Players in Global CT Scanners Market: 2020
- Market Share of Leading Players in Global MRI Equipment Market: 2020
- Market Share of Leading Players in the Global Ultrasound Equipment Market: 2020
- OEM Vendors Implement Strategic Initiatives to Solidify Market Position
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Persistent Need to Maintain Fully-Conditioned Imaging Equipment: Cornerstone for Growth
- Cost Comparison of Different Imaging Modalities
- Global Medical Imaging Equipment Market by Modality (2020): Percentage Breakdown of Revenues for Computer Tomography (CT), MRI, Nuclear Imaging, Ultrasound and X-Ray Equipment
- 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
- Magnetic Resonance Imaging (MRI) Units in Select Countries (Per Million Population) for the Year 2019
- Computed Tomography System (CT Scanner)
- Ultrasound Systems
- Global Ultrasound Systems Market by Portability Type (2019): Percentage Breakdown of Unit Sales for Cart Systems and Point-of Care Systems
- X-Ray
- Nuclear Medicine
- CT Imaging Gains Popularity
- Demographic Factors Favor Growth
- Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Rising Incidence of Chronic Diseases Propels the Demand for Medical Imaging
- Rising Prevalence of Chronic Diseases Amplifies the Volume of Diagnostic Imaging Procedures: Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
- Uptrend in Healthcare Expenditure Drives Opportunities
- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
- Healthcare Costs as a % of GDP by Country for the Years 2020 & 2023
FOCUS ON SELECT PLAYERS (Total 56 Featured)
- Althea Group
- Agfa Healthcare NV
- Barco NV
- Canon Medical Systems Corporation
- GE HealthCare
- Neusoft Medical Systems Co., Ltd.
- Philips Healthcare
- Siemens Healthcare GmbH
- Samsung Medison Co., Ltd.
- Shimadzu Corporation
For more information about this report visit https://www.researchandmarkets.com/r/py7f1
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