Global Medical Imaging Equipment Services Market to 2030 - Refurbished Equipment Fuels Services Market

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Nov 30, 2023, 11:45 ET

DUBLIN, Nov. 30, 2023 /PRNewswire/ -- 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

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/hok0yp

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