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03-Jul-2019

Radiology Services Market expected to show Vigorous Growth Rate 10.5% by 2025 in Worldwide Market

The Global Radiology Services Market accounted for USD 8,102.51 million in 2018 and is expected to register a CAGR of 10.5% during the forecast period (2019ndash;2024).

The Global Radiology Services Market studies the overall dynamics and trends of the market in terms of various segments and regional outlook for the period of 2019 to 2024. The report offers of historic and future market scenario in terms of market value, share and critical developments taking place in the industry. Market size, forecast, trends of each country and region are studied in the report for the focus period of 2019 to 2024.

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Qualitative assessment tools such as PEST analysis, cost structure analysis and regulatory compliance for pharmaceutical products are offered in the report. The report also comprises Pipeline Analysis which helps understand the comprehensive forecast scenario of the market in terms of value and dynamics. The report analyses the recent drug approval trends and market dynamics such as drivers, restrains, and opportunities, industry trends and future outlook in the Global Radiology Services Market.

The report represents key players operating in the market along with its competitive landscape. The competitive landscape includes player positioning analysis, competitive matrix and market share analysis of the key players operating in the industry. The market attractive index highlights the most lucrative regional market to invest in the market.

The market is studied for regions such as North America (U.S., and Canada), Europe (U.K., Germany, France, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East amp; Africa (GCC, South Africa, and Rest of Middle East amp; Africa).

Key Takeaways:

What is the market size in 2018 and the growth rate of the Global Radiology Services Market?

What is the market drivers, restrains, opportunities governing the Global Radiology Services Market?

Which are the largest and the fastest growing segments in the Global Radiology Services Market?

Who are the key players operating in the market and their market position?

What is the pipeline scenario, drug pricing analysis and technological development in the market?

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Global Radiology Services Market: Information by Product Type (Stationary Digital Radiology Systems and Portable Digital Radiology Systems), Application (Cardiovascular Imaging, Chest Imaging, Dental Imaging, Mammography Imaging, Orthopedic Imaging and others), Technology (Computed Radiology and Direct Digital Radiology), End User (Hospitals, Diagnostic Centers and others) - Global Forecast till 2024

Market Scenario

The global radiology services market accounted for USD 8,102.51 million in 2018 and is expected to register a CAGR of 10.5% during the forecast period (2019ndash;2024).

Radiology is the technology that diagnosis and treat diseases within the human body by using medical imaging. The radiology services are served by the radiologists and experts that are qualified for performing the test and have unique postgraduate medical education in, radiation effects on the human body, radiation safety/protection, appropriate performance and interpretation of quality radiologic, and medical imaging examinations. Radiology services comprise X-Rays, computed tomography (CT), ultrasound, fusion imaging, positron emission tomography (PET), nuclear medicine, and magnetic resonance imaging (MRI). These imaging techniques should be performed after having adequate training and understanding of radiation safety and protection.

The rising prevalence of the chronic disease, increasing healthcare expenditure, the emergence of thin client 3D viewers, advancement in radiology technology, rising demand for minimally invasive procedures are expected to drive the growth of the market. Moreover, rising Ramp;D spending and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market. For instance, In June 2018, FDA has anticipated reclassifying some types of radiology image software analyzers from class III to class II devices for mammography breast cancer, ultrasound breast lesions, and radiograph lung nodules. This will help to reduce the regulatory burden on the medical device industry.

However, the risk of high radiation exposure associated with the devices may hamper the growth of the market during the assessment period.

Segmentation

The global radiology services market has been segmented on the basis of product type, application, technology, end user, and region.

On the basis of product type, the market has been classified as stationary digital radiology systems and portable digital radiology systems. Stationary digital radiology systems have been further segmented into stationary ceiling-mounted systems and floor-to-ceiling mounted system. Based on application, the market has been segmented into cardiovascular imaging, chest imaging, dental imaging, mammography imaging, orthopedic imaging, and others. The market, by technology, has been segmented into computed radiology and direct digital radiology. On the basis of end user, the market has been classified as hospitals, diagnostic centers, and others. The stationary digital radiology segment is expected to hold the largest market share of the radiology services market due to acceptance of stationary systems in hospitals, extensive application, and less exposure to radiation. However, portable digital radiology segment is showing the highest growth rate owing to simplicity in the workflow, low-cost, and proficiency performing complex computational tasks.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East amp; Africa. The radiology services market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European radiology services market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The radiology services market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The radiology services market in the Middle East amp; Africa has been segmented into the Middle East and Africa.

Key Players

Some of the key players in the global radiology services market are 4ways Healthcare Limited, Cybernet Medical Corporation, Everlight Radiology, Global Diagnostics, Medica Reporting Ltd., Onrad, Inc, Radisphere National Radiology Group Inc., RamSoft Inc., Siemens Healthcare, Telediagnostics Services Pvt. Ltd., Telemedicine Clinic, Teleradiology Solutions Inc, and Virtual Radiology (vRAD).

Regional Market

The Americas are likely to dominate the global radiology services market owing to the rising aging population, chronic disease, increasing funding amp; investments by manufacturer, and government initiative towards advance healthcare infrastructure. For instance, according to the report published by the US Department of Health amp; Human Services, in 2017, around 11.5% of the adult population in the US are diagnosed with heart disease, i.e., 28.2 million.

The European market is expected to be the second-largest radiology services market. The market growth in this region can be attributed to government funding and support of the healthcare sector, coupled with increasing research and development. Moreover, favorable reimbursement policies in European countries are contributing to the growth of the market in this region. For instance, the National Health Service (NHS), UKrsquo;s publicly sponsored national healthcare system, reimbursed about 40 million diagnostic imaging tests in 2016.

Asia-Pacific is expected to be the fastest-growing radiology services market during the forecast period owing to the increasing prevalence of cancer, rising investments in healthcare, and expansions by market players in the region. Also, a country such as India and China are considering the fastest growing region due to the presence of a huge patient population. Moreover, the government of these countries is open to adopting new technology and the best treatment option from a developed country. According to the International Agency for Research on Cancer, in 2018, India has a prevalence of 173.5 cancer patients per 100,000 population. Moreover, in China, the prevalence rate of cancer was 377.6 patients per 100,000 population in 2018.

The market in the Middle East amp; Africa is expected to account for the smallest share of the global radiology services market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.

Global Radiology Services Market, by Product Type
Stationary Digital Radiology Systems
Ceiling-Mounted Systems
Floor-To-Ceiling Mounted System
Portable Digital Radiology Systems

Global Radiology Services Market, by Application
Cardiovascular Imaging
Chest Imaging
Dental Imaging
Mammography Imaging
Orthopedic Imaging
Others

Global Radiology Services Market, by Technology
Computed Radiology
Direct Digital Radiology

Global Radiology Services Market, by End User
Hospitals
Diagnostic Centers
Others

Global Radiology Services Market, by Region
Americas
North America
US
Canada
Latin America
Europe
Western Europe
Germany
France
Italy
Spain
UK
Rest of Western Europe
Eastern Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
Middle East amp; Africa
Middle East
Africa

Intended Audience

Radiology devices manufacturers
Radiology devices distributors and suppliers
Healthcare providers
Research institutes and academic centers
Government associations
Market research and consulting

Table Of Contents

Radiology Services Market Research Global Report - Forecast till 2024

Chapter 1 Report Prologue

Chapter 2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3 Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4 Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Detection Technique Trends amp; Assessment

Chapter 5 Market Factor Analysis

5.1 Porterrsquo;s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6 Global Radiology Services Market, By Product Type

6.1 Introduction

6.2 Stationary Digital Radiology Systems

6.2.1 Ceiling-Mounted Systems

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

6.2.2 Floor-To-Ceiling Mounted System

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

6.3 Portable Digital Radiology Systems

6.3.1 Handheld Radiology Systems

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

6.3.2 Mobile Radiology Systems

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

Chapter 7 Global Radiology Services Market, By Application

7.1 Introduction

7.2 Cardiovascular Imaging

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

7.3 Chest Imaging

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

7.4 Dental Imaging

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

7.5 Mammography Imaging

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

7.6 Orthopedic Imaging

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

7.7 Others

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

Chapter 8 Global Radiology Services Market, By Technology

8.1 Introduction

8.2 Computed Radiology

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

8.3 Direct Digital Radiology

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

Chapter 9 Global Radiology Services Market, By End User

9.1 Introduction

9.2 Hospitals

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

9.3 Diagnostic Centers

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

9.4 Others

Market Estimates amp; Forecast, By Region, 2019ndash;2024

Market Estimates amp; Forecast, By Country, 2019ndash;2024

Chapter 10 Global Radiology Services Market, By Region

10.1 Introduction

10.2 Americas

10.2.1 North America

10.2.1.1 US

10.2.1.2 Canada

10.2.2 Latin America

10.3 Europe

10.3.1 Western Europe

10.3.1.1 Germany

10.3.1.2 France

10.3.1.3 Italy

10.3.1.4 Spain

10.3.1.5 UK

10.3.1.6 Rest Of Western Europe

10.3.2 Eastern Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 South Korea

10.4.6 Rest Of Asia-Pacific

10.5 Middle East amp; Africa

10.5.1 Middle East

10.5.2 Africa

Chapter 11 Company Landscape

11.1 Introduction

11.2 Market Share Analysis

11.3 Key Developments amp; Strategies

Chapter 12 Company Profiles

12.1 4ways Healthcare Limited

12.1.1 Company Overview

12.1.2 Product Overview

12.1.3 Financial Overview

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategies

12.2 Cybernet Medical Corporation

12.2.1 Company Overview

12.2.2 Product Overview

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategies

12.3 Everlight Radiology

12.3.1 Company Overview

12.3.2 Product Overview

12.3.3 Financial Overview

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategies

12.4 Global Diagnostics

12.4.1 Company Overview

12.4.2 Product Overview

12.4.3 Financial Overview

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategies

12.5 Medica Reporting Ltd.

12.5.1 Company Overview

12.5.2 Product Overview

12.5.3 Financial Overview

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategies

12.6 Onrad, Inc

12.6.1 Company Overview

12.6.2 Product Overview

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategies

12.7 Radisphere National Radiology Group Inc.

12.7.1 Company Overview

12.7.2 Product Overview

12.7.3 Financial Overview

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategies

12.8 RamSoft Inc.

12.8.1 Company Overview

12.8.2 Product Overview

12.8.3 Financial Overview

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategies

12.9 Siemens Healthcare

12.9.1 Company Overview

12.9.2 Product Overview

12.9.3 Financial Overview

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategies

12.10 Telediagnostics Services Pvt. Ltd.

12.10.1 Company Overview

12.10.2 Product Overview

12.10.3 Financial Overview

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategies

12.11 Telemedicine Clinic

12.11.1 Company Overview

12.11.2 Product Overview

12.11.3 Financial Overview

12.11.4 Key Developments

12.11.5 SWOT Analysis

12.11.6 Key Strategies

12.12 Teleradiology Solutions Inc

12.12.1 Company Overview

12.12.2 Product Overview

12.12.3 Financial Overview

12.12.4 Key Developments

12.12.5 SWOT Analysis

12.12.6 Key Strategies

12.13 Virtual Radiology (VRAD)

12.13.1 Company Overview

12.13.2 Product Overview

12.13.3 Financial Overview

12.13.4 Key Developments

12.13.5 SWOT Analysis

12.13.6 Key Strategies

12.14 Others

Chapter 13 Conclusion

13.1 Key Findings

13.1.1 From CEOrsquo;s Viewpoint

13.1.2 Unmet Needs Of The Market

13.2 Key Companies To Watch

13.3 Predictions For The Radiology Services Industry

Chapter 14 Appendix

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Last Updated: 03-Jul-2019