According to Nova one advisor, the global Medical Imaging Equipment Services market value was estimated at US$ 15.24 Billion in 2020 and is projected to reach US$ 27.49 Billion by 2027, registering a CAGR of 5.2% from 2020 to 2027. The report contains 150+ pages with detailed analysis.
The market driven by growing pressure on hospitals to reduce operating costs and the ensuing implementation of hospital-wide clinical asset management programs designed to optimally manage the lifecycle of expensive assets via regular, cost-effective maintenance, monitoring and upgrades.
The market also benefits from macro trends such as increasing healthcare burden of infectious and chronic diseases; growing demand for diagnostic procedures and the ensuing expansion of the installed base of imaging equipment across hospitals, private clinics and diagnostic centers across the world as evidenced by the multi-billion dollar size of the medical imaging equipment market. As the baseline for providing patient diagnosis, medical imaging equipment represents the most valuable asset in healthcare facilities and not surprisingly significant focus is shed on enhancing life of these equipment, while simultaneously reducing the total cost of ownership. Preventive and proactive maintenance is therefore gaining in prominence and importance. In addition, implementation of clinical technology lifecycle management programs is helping bring regular and timely equipment maintenance into the spotlight. As hospital grapple with the challenge of curbing costs, on-demand access to high-talent equipment maintenance and repair is rising in popularity.
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Other noteworthy trends in the market include establishment of advanced imaging centers and the ensuing expansion of addressable market opportunity; growing demand for refurbished medical imaging equipment; increased outsourcing of imaging equipment maintenance and repair to specialized third party service providers; growing awareness among care givers over the importance of appropriate use of health technologies for an effectively functioning health system; growing prominence of software based equipment services against the backdrop of the growing number of imaging equipment integrated with cloud connectivity and other software defined functions.
Key Players:
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Medical Imaging Equipment Services market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Medical Imaging Equipment Services market include Agfa-Gevaert Group, Althea Group, Canon Medical Systems Corporation (Canon, Inc.), Carestream Health (ONEX Corporation), GE Healthcare (General Electric Company), Koninklijke Philips N.V., Hologic, Inc., Fujifilm Holding Corporation, Shimadzu Corporation, Siemens Healthineers (Siemens AG), and Universal Hospital Services, Inc.
Despite unprecedented implications of the COVID-19 outbreak, the market will gain impetus amidst soaring investment towards sophistication of the healthcare sector. The market survey offers compelling insights into key factors enabling growth through the assessment period. It underscores hidden opportunities across diverse segments. Besides uncovering hidden opportunities, the report presents exclusive insights into challenges posing threat to growth. Alongside this, it offers recommendations to navigate through unforeseen hindrances in the future, while keeping the business afloat.
Overview of Medical Imaging Equipment Services Market Study
Medical Imaging Equipment Services market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
Scope of the Study
This Medical Imaging Equipment Services market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, by Modality ,Services Provider ,Services Type ,End-user, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
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Market Segmentation:
Global Medical Imaging Equipment Services Market: Segmentation
- Medical Imaging Equipment Services Market, by Modality
- Ultrasound
- MRI
- CT
- X-ray
- Others
- Medical Imaging Equipment Services Market, by Services Provider
- Original Equipment Manufacturers
- Independent Service Providers Cardiology
- Medical Imaging Equipment Services Market, by Services Type
- Equipment Removal & Relocation
- Equipment Repair & Maintenance
- Refurbished Systems
- Technical Training
- Software Upgrades
- Medical Imaging Equipment Services Market, by End-user
- Hospitals
- Diagnostic Centers
- Others
Regional Segmentation:
– North America Region (U.S., Canada, Mexico)
– Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
– Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
– South America Region (Brazil, Argentina, Columbia, Rest of South America)
– The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Final Report will add the analysis of the impact of COVID-19 on this industry.
Important years considered for this report:
Historical Years: 2017-2019
Base Year: 2020
Forecast Period: 2021-2027
Key Points Covered in Medical Imaging Equipment Services Market Survey
- Demand will remain high in the U.S., backed by favourable reimbursement policies and presence of some of the leading market players.
- Europe will continue showcasing high demand. Sales will remain high, especially in the U.K., Germany, France, and other countries.
- China and India will exhibit high demand for Medical Imaging Equipment Services, backed by expanding healthcare sector.
- Focus on research and development will increase in Brazil, creating opportunities for the expansion of the Medical Imaging Equipment Services market.
- Hospitals are expected to showcase higher demand for Medical Imaging Equipment Services on account of greater access to advanced technologies and higher footfall of patients.
- Driven by the presence of some of the leading pharmaceutical producers, demand in the Japan Medical Imaging Equipment Services market will continue increasing at a high pace.
Some of the key highlights covered in the report include:
- Medical Imaging Equipment Services Market Demand-Supply Analysis -The report covers detailed insights into demand and supply forces prevailing in the global Medical Imaging Equipment Services market. It examines trends and factors influencing demand for Medical Imaging Equipment Services globally and gauges the impact of the same on the production.
- Medical Imaging Equipment Services Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.
- Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.
- Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for Medical Imaging Equipment Services across the world.
- Competitive Analysis – Some of the leading market players are profiled in the report on Medical Imaging Equipment Services. The report offers estimation of share individually helps by the market players and determines the impact of some of their popular strategies.
- COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.
- Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.
Why should you invest in this report?
If you are aiming to enter the global Medical Imaging Equipment Services market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Medical Imaging Equipment Services are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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