Medical Imaging Equipment Services Market: Computed Tomography to be Highly Promising Modality for Investment
The global medical imaging equipment services market was valued at approximately US$ 19.9 Bn in 2016 and is projected to register a cumulative annual growth rate (CAGR) of more than 3.0% from 2017 to 2025, according to a new report titled, “Medical Imaging Equipment Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025”, published by Transparency Market Research (TMR). The report projects that availability of multiplexed and integrated modalities with high throughput is likely to spur the demand for medical imaging equipment services in the upcoming years (2017 to 2025). Rise in the trend of budgeted healthcare systems with improved patient comfort and increase in the demand for higher uptime in the developed markets such a North America and Europe are likely to fuel the growth of the medical imaging equipment services market in these regions. Growing market penetration of refurbished systems to cater to the demand for affordable care and early diagnosis of diseases are expected to boost the growth of the medical imaging equipment services market in Asia Pacific, registering a CAGR of above 4.0% from 2017 to 2025.
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14789
Changing Dynamics towards Value-Based Offerings Causing Intensifies Competition among Service Providers Operating In the Market
According to investor presentation by Alliance HealthCare Services (Tahoe Investment Group Co., Ltd.), more than 98% of the hospitals across the globe outsourced one or more of their clinical services in 2016. Technological upgrades in service offerings are projected to fuel the growth of the medical imaging equipment services market during the forecast period. However, emergence of independent service providers with innovation in technology and solutions and competitive pricing has intensified the competition. By the end of 2017, GE Healthcare registered a nominal increase in its profits as compared to 2016. However, it was partially offset by the pricing pressure on healthcare systems, especially in imaging modalities. These factors are estimated to restrain the growth of the medical imaging equipment services market by the end of 2025.
Request for Analysis of COVID19 Impact on Medical Imaging Equipment Services Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=14789
Original Equipment Manufacturers to Witness Consistent Growth during the Forecast Period
The report offers a detailed segmentation of the global medical imaging equipment services market based on service type, modality, service provider, and end-user. Growth of the original equipment manufacturers segment can be ascribed to the investment made by various OEMs toward expanding their service offerings and also to the increasing demand for higher uptime of imaging equipment.
Equipment Repair & Maintenance to Account for Maximum Revenue during the Forecast Period
Types of service available in the medical imaging equipment services market are equipment removal and relocation, equipment repair & maintenance, refurbished systems, technical training, and software upgrades. Out of these, the equipment repair & maintenance segment accounted for the leading share of the market in 2016, and is anticipated to remain dominant throughout the forecast period. Equipment generally require timely repair and maintenance in order to avert patients from unnecessary radiation exposures. This is projected to fuel the growth of the segment during the forecast period.
Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=14789
Computed Tomography to be Highly Promising Modality for Investment
In terms of modality, the global medical imaging equipment services market has been segmented into magnetic resonance imaging, computed tomography, ultrasound, x-ray, and others. The computed tomography segment held the dominant share of the market in 2016. According to the Organization for Economic Co-operation and Development Data, in Australia, the installed base of CT per 1,000,000 population increased from 43.07 in 2010 to 63.17 in 2016.
Diagnostic Centers Register Significant CAGR by the end of 2025
Hospitals generated the highest revenue in 2016 owing to the availability of skilled workforce and high penetration of leading providers of medical imaging equipment in the established as well as emerging markets. However, increasing penetration of private service providers and growing preference of patients for outpatient settings are estimated to boost the demand for diagnostic centers with a significant CAGR during the forecast period.
Buy Medical Imaging Equipment Services Market Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=14789<ype=S
Asia Pacific to Offer Maximum Incremental Opportunity in Global Medical Imaging Equipment Services Market
In terms of value, North America was the leading contributor to the global medical imaging equipment services market in 2016. Increase in preference for early diagnostic scans among the geriatric population is directly proportional to the rise in usage and servicing frequency of imaging equipment, thereby driving the medical imaging equipment services market in North America. However, technological innovations such as cloud-based monitoring and remote monitoring technology are attracting new players to Asia Pacific. The growing installed base of high-end refurbished modalities in China and India is boosting the business of independent service providers are estimated to augment the growth of the medical imaging equipment services market in Asia Pacific with the maximum CAGR during the forecast period.
Key Players such as GE Healthcare, Siemens Healthineers AG, and Koninklijke Philips N.V. are Likely to Continue to Lead the Global Medical Imaging Equipment Services Market
The global medical imaging equipment services market is highly consolidated with three to four players dominating the overall services market. In terms of independent service organizations, the market is relatively fragmented, with each of them having strong presence in respective regional/local markets. The major independent service providers are strategically expanding their business through long-term partnerships with major professional end-users. The report also provides profiles of the leading players operating in global medical imaging equipment services market, which include Universal Hospital Services, Inc., Shimadzu Corporation, Hologic, Inc., Hitachi, Ltd., Carestream Health (ONEX Corporation), CANON MEDICAL SYSTEMS CORPORATION (Canon Inc.), Althea Group, and Agfa-Gevaert Group.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700
Albany NY - 12207United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com