Medical Imaging Equipment Services Market Gains Sizable Sales Prospects with Rising Emphasis of Healthcare Industry on Timely Disease Diagnosis, States TMR Study

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Jun 14, 2022, 11:30 ET

Rising cases of chronic diseases globally is driving sales growth in the market
Increase in the number of mergers and acquisitions is expected to play key role in expansion of the medical imaging equipment services market

ALBANY, N.Y., June 14, 2022 /PRNewswire/ -- The global medical imaging equipment services market is estimated to expand at a CAGR of 6.1% during the forecast period, from 2022 to 2031, state analysts of a study by Transparency Market Research (TMR).

Leading players in the medical imaging equipment services market are increasing investments in R&Ds in order to achieve product diversification. Moreover, several enterprises are focusing on technological advancements so as to accomplish shorter test time and faster processing. This aside, leading companies in the medical imaging equipment services market are utilizing strategies such as mergers and acquisitions in order to maintain their prominent positions. These activities are prognosticated to help in overall development of the global market in the near future.

Medical Imaging Equipment Services Market: Key Findings

In the recent years, there has been a surge in the prevalence of different health disorders including cardiovascular diseases and cancer. Furthermore, the Global Cancer Observatory (GCO) states that the number of new cancer patients had reached to around 219,292,789 in 2020. Moreover, this number is likely to touch approximately 28,887,940 in 2040. Hence, rising number of cancer patients is expected to result into revenue-generation opportunities in the medical imaging equipment services market during the forecast period.

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According to statistics by the American Heart Association, around 18.6 million new cases of cardiovascular diseases (CVDs) were registered in 2019, which is considered to be increase of approximately 17.1% in the last 10 years. Hence, there were more than 523.2 million CVD patients present in 2019, which is increase of 26.6% in comparison with statistics in 2010. Hence, rise in the prevalence of CVDs is estimated to boost the demand for next-gen imaging systems in the forthcoming years. This, in turn, is foreseen to drive the future market demand for medical imaging equipment services during the forecast period. As a result, the global market for medical imaging equipment services is estimated to be valued at US$ 29.2 Bn by 2031.

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Medical Imaging Equipment Services Market: Growth Boosters

Increase in occurrence of different chronic diseases is fueling the demand for medical imaging equipment services globally
Rise in the number of surgical and diagnostic procedures across the globe is leading to growth opportunities in the medical imaging equipment services market

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Medical Imaging Equipment Services Market: Regional Analysis

The medical imaging equipment services market in North America is estimated to maintain its dominating position during the forecast period. This growth is ascribed to factors such as increase in number of patients with cardiovascular and oncological disorders specifically in the U.S. and Canada and rising investments in R&Ds in the region.
The market is projected to attract sizable growth opportunities in EMEA and Intercontinental owing to the presence of notable number of customers of different medical imaging equipment services, increase in focus on timely disease diagnosis, and presence of many well-entrenched market players in the region

Medical Imaging Equipment Services Market: Key Players

Some of the key players profiled in the report are:

Althea Group
Agfa-Gevaert Group
Carestream Health (ONEX Corporation)
Canon Medical Systems Corporation (Canon, Inc.)
Hitachi, Ltd.
GE Healthcare (General Electric Company)
Koninklijke Philips N.V.
Hologic, Inc.
Siemens Healthineers AG
Shimadzu Corporation
Universal Hospital Services, Inc.
United Imaging Healthcare Co., Ltd.
TRIMEDX
Drägerwerk AG & Co. KGaA
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

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Medical Imaging Equipment Services Market Segmentation

Service Type

Equipment Repair & Maintenance
Refurbished Systems
Technical Training
Equipment Removal & Relocation
Software Upgrades

Modality

Computed Tomography (CT)
Magnetic Resonance Imaging (MRI)
X-ray
Ultrasound
Molecular Imaging

PET & PET/CT
Nuclear Medicine
Radiopharmacy Service

Others

Service Provider

Original Equipment Manufacturers
Independent Service Providers

End-user

Hospitals
Diagnostic Centers
Others

Regions Covered

North America
EMEA
Intercontinental
China

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