Global Radiology Market was valued at USD 26.6 billion in 2021 and is expected to reach USD 43.04 billion by 2029, registering a CAGR of 6.20% during the forecast period of 2022-2029.
The Latest research study released by Data Bridge Market Research “Radiology Market” with 350+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Radiology Industry and forecast to 2029 report analyzed the world’s main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, analysis, size, share, demand and industry growth rate etc. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Global Radiology Market was valued at USD 26.6 billion in 2021 and is expected to reach USD 43.04 billion by 2029, registering a CAGR of 6.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. Over the years, radiology has grown as an essential diagnostic tool for a variety of diseases and a powerful tool for monitoring treatment and anticipating the results. Surging demand for early disease diagnosis and widening scope of clinical applications have largely aided the market to expand over the forecasted period. Consequently, the presence of various growth determinants will help the market show substantial growth.
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Some of the major players operating in the radiology market are
- General Electric (U.S.),
- Siemens (Germany),
- Koninklijke Philips N.V. (Netherlands),
- Agfa-Gevaert N.V. (Belgium),
- Canon Medical Systems Corporation (Japan),
- Hitachi Ltd. (Japan),
- Carestream Health (U.S.),
- Esaote S.p.A (Italy),
- F. Hoffmann-La Roche Ltd., (Switzerland),
- Axis-Shield Diagnostics Ltd. (U.K),
- Hologic, Inc. (US),
- FUJIFILM Holdings Corporation (Japan),
- Cerner Corporation (U.S.),
- Samsung (South Korea),
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China),
- Planmed Oy (Finland),
- CurveBeam (US),
- Shimadzu Corporation (Japan),
- Allscripts Healthcare
Market Segmentation
By Type
Interventional Radiology
Diagnostic Radiology
By Services
Fusion Imaging, X-Rays
Ultrasound
Computed Tomography (CT)
Nuclear Medicine, Positron Emission Tomography (PET)
Magnetic Resonance Imaging (MRI))
Based on the application,
Translational Research,
Drug Discovery and Development
Based on the End User,
Hospitals
Diagnostic Centers
Others
Regional Landscape
Analysts at DATA BRIDGE MARKET RESEARCH sheds light on Radiology market data by Country
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, South Korea, Thailand, India, Indonesia, Australia and Others)
Europe (Germany, Russia, the UK, Italy, France, Spain, Belgium, Netherlands, Switzerland, Nordic Nations, Rest of Europe)
North America (the United States, Mexico, and Canada)
South America (Brazil, Argentina, Chile, Rest of South America)
Middle East and Africa (GCC Countries, Turkey, Israel, South Africa, Egypt and Rest of MEA)
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Growing Burden Of Chronic Diseases
The surging occurrences of chronic disorders among the growing population are the most significant factors driving this market’s growth. Additionally, the increase in the aging population and changes in societal behavior are contributing to a steady increase in these common and costly long-term health problems are also projected to bolster the growth of the market.
The rising preference and need of minimally invasive procedures due to cost-effective solutions and lesser hospital stay are also expected to accelerate the overall growth of the market. Furthermore, the expanding healthcare sector along with the increasing penetration of advanced data analytics tools are also expected to fuel market growth. Moreover, the growing need for advanced, cost-effective, and reliable diagnostic services and solutions also cushions the market’s growth within the forecasted period.
Opportunities
Growing Research and Investment Activities
Moreover, the surging levels of investment that will help develop advanced and technological products and provide adequate training and safety are estimated to generate lucrative opportunities for the market. The growing number of research activities and digitization will further offer numerous growth opportunities for the market.
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Restraints/Challenges Global Radiology Market
High Costs
On the other hand, the high cost of the installation is expected to obstruct market growth.
Dearth of Labour
The shortage of skilled professionals or lack of trained paramedics is projected to challenge the radiology market in 2022-2029.
The dependable Radiology market research report can direct organizations in gaining vital information about the competitors, economic shifts, demographics, current market trends and spending traits of the customers. This global marketing report provide real world research solutions for every industry sector, along with meticulous data collection from non-public sources to better equip businesses with the information they need most. The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. A promotional Radiology market report also covers five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
How will this Market Intelligence Report Benefit You?
- The report offers statistical data in terms of value (US$) as well as Volume (units)
- Exclusive insight into the key trends affecting this industry, although key threats, opportunities and disruptive technologies that could shape the Global Market supply and demand
- The report tracks the leading market players that will shape and impact this Market most
- The data analysis present in this report is based on the combination of both primary and secondary resources
- The report helps you to understand the real effects of key market drivers or retainers on this business
Complete TOC is Available @ https://www.databridgemarketresearch.com/toc/?dbmr=global-radiology-market
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