Medical Imaging Equipment Services Market Size Report, 2022-2030
The global Medical Imaging Equipment Services market gathered revenue around USD 16.56 billion in 2021 and market is set to grow USD 28.70 billion by the end of 2030 and is estimated to expand at a modest CAGR of 6.9% during the prediction period 2022 to 2030.
This report analyzes the current and future prospects of the global medical imaging equipment services market. Rise in demand for advanced diagnostics for accurate diagnosis of life-threatening diseases is a key factor projected to fuel the growth of the global medical imaging equipment services market during the forecast period.
The report provides an elaborate executive summary, which comprises a snapshot of the various segments of the global medical imaging equipment services market. The report also provides information and data analysis of the global medical imaging equipment services market about segments based on modality, service provider, service type, end-user, and region.
The overview section of the report provides detailed qualitative analysis of drivers and restraints affecting the global medical imaging equipment services market along with opportunities in the global market
Additionally, the global medical imaging equipment services market report includes company profiles and competition matrix, which provide data about their businesses, product portfolios, and competitive landscape in the global medical imaging equipment services market The report includes data analysis on the global medical imaging equipment services market attractiveness by region and segments
The last section of the report provides quantitative and qualitative analysis on market share of key players operating in the global medical imaging equipment services market. It elaborates on the key competitive strategies adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global medical imaging equipment services market
Report Scope of the Medical Imaging Equipment Services Market
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Report Coverage |
Details |
|
Market Size by 2030 |
USD 28.70 billion |
|
Growth Rate from 2022 to 2030 |
CAGR of 6.9% |
|
Largest Market |
North America |
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Fastest Growing Market |
Asia Pacific |
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Base Year |
2021 |
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Forecast Period |
2022 to 2030 |
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Segments Covered |
Modality, Services Provider, Services Type, Services Type, Region |
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Companies Mentioned |
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.. |
Rise in Demand for Advanced Diagnostics for Accurate Diagnosis of Life-threatening Diseases to Propel Market
The demand for advanced diagnostics is expected to rise rapidly across the globe over the next few years, owing to high prevalence of diseases, increase in the geriatric population, rise in need of superior health care services, and economic development. Advancements in medical imaging equipment are likely to create new opportunities in disease prevention and early disease management by providing cost-effective, accurate, and rapid diagnosis of diseases that have been difficult to analyze.
The increase in the demand for diagnostic scans is directly proportional to the services growth rate, which is likely to drive the global medical imaging equipment services market during the forecast period.
Medical Imaging Equipment Services Market: Key Segments
In terms of modality, the global medical imaging equipment services market has been classified into ultrasound, MRI, CT, X-ray, and others
Based on service provider, the global medical imaging equipment services market has been bifurcated into original equipment manufacturers and independent services providers
In terms of service type, the global medical imaging equipment services market has been categorized into equipment removal & relocation, equipment repair & maintenance, refurbished systems, technical training, and software upgrades
Based on end-user, the global imaging equipment services market has been divided into hospitals, diagnostic centers, and others
The market size and forecast for each of these segments have been provided from 2017 to 2030. The CAGR of respective segment has also been provided for the forecast period from 2022 to 2030, considering 2021 as the base year.
Ultrasound Medical Imaging Method to Dominate Market
In terms of modality, the global medical imaging equipment services market has been classified into ultrasound, MRI, CT, X-ray, and others. Ultrasound is the most widely used medical imaging method. The segment dominated the market 2021 due to the presence of leading players such as Koninklijke Philips N.V., GE Healthcare, and Shimadzu Corporation.
Original Equipment Manufacturers to Remain Key in Global Market
Based on service provider, the global medical imaging equipment services market has been bifurcated into original equipment manufacturers and independent service providers. Several key manufacturers invest in the expansion of their service offerings. Moreover, innovations and advancements leading to rapid processing and shorter test time are expected to propel the segment during the forecast period and enhance the market penetration of all OEMs in emerging markets.
Equipment Repair & Maintenance Service Type to Account for Major Share of Global Market
In terms of service type, the global medical imaging equipment services market has been segregated into equipment removal & relocation, equipment repair & maintenance, refurbished systems, technical training, and software upgrades. Instruments require timely repair and maintenance, which is necessary in order to avoid improper diagnosis. This contributes to the growth of the equipment repair & maintenance segment.
Hospitals to be Major End User
In terms of end-user, the global medical imaging equipment services market has been divided into hospitals, diagnostic centers, and others. The hospitals segment dominated the global market in 2021 due to availability of skilled personnel and high market penetration of leading providers of medical imaging equipment in established as well as emerging markets.
Regional analysis
North America is expected to account for significant share of the global medical imaging equipment services market during the forecast period. Growth of the medical imaging equipment services market in the region can be attributed to rise in access to healthcare and presence of key players with focus on strategic investment.
The market in Asia Pacific is likely to expand at a high CAGR from 2022 to 2030. Increase in the geriatric population is projected to boost the growth of the market in the region. Moreover, rise in number of independent service organizations (ISOs) entering the market and increase in presence of local OEMs such as Canon Medical Systems Corporation (Canon Inc.), Hitachi, Ltd., and Shimadzu Corporation, who offer technologically advanced services, are likely to augment the global market.
Some of the prominent players in the Medical Imaging Equipment Services Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Medical Imaging Equipment Services Market Study:
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Medical Imaging Equipment Services Market
4. Market Overview
4.1. Introduction
4.1.1. Segment Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Medical Imaging Equipment Services Market Analysis and Forecast, 2019–2030
4.4.1. Market Revenue Projections (US$ Mn)
4.4.2. Market Volume/Unit Shipments Projections
4.5. Porter’s Five Force Analysis
5. Key Insights
5.1. COVID-19 Pandemic Impact on Industry (value chain and short / mid / long term impact)
5.2. Key Vendor and Distributor Analysis
5.3. Evolving Trends In Medical Imaging Services
5.4. Winning Imperatives By Key Players
5.5. Business Expansion in Teleradiology Services Sector
5.6. Growing Adoption Of Remote Monitoring Technology, by Medical Imaging Service Providers
5.7. Technological Advancements
5.8. Number of Diagnostic Imaging Procedures Performed
5.9. Installed Base by Region/Country for Computed Tomography (CT)
5.10. Installed Base by Region/Country for Magnetic Resonance Imaging (MRI)
6. Global Medical Imaging Equipment Services Market Analysis and Forecast, by Modality
6.1. Introduction & Definition
6.1.1. Key Findings / Developments
6.2. Global Medical Imaging Equipment Services Market Value Forecast, by Modality, 2019–2030
6.2.1. Ultrasound
6.2.2. MRI
6.2.3. CT
6.2.4. X-ray
6.2.5. Others
6.3. Global Medical Imaging Equipment Services Market Attractiveness Analysis, by Modality
7. Global Medical Imaging Equipment Services Market Analysis and Forecast, by Service Provider
7.1. Introduction & Definition
7.1.1. Key Findings / Developments
7.2. Global Medical Imaging Equipment Services Market Value Forecast, by Service Provider, 2019–2030
7.2.1. Original Equipment Manufacturers
7.2.2. Independent Service Providers
7.3. Global Medical Imaging Equipment Services Market Attractiveness Analysis, by Service Provider
8. Global Medical Imaging Equipment Services Market Analysis and Forecast, by Service Type
8.1. Introduction & Definition
8.1.1. Key Findings / Developments
8.2. Global Medical Imaging Equipment Services Market Value Forecast, by Service Type, 2019–2030
8.2.1. Equipment Removal & Relocation
8.2.2. Equipment Repair & Maintenance
8.2.3. Refurbished Systems
8.2.4. Technical Training
8.2.5. Software Upgrades
8.3. Global Medical Imaging Equipment Services Market Attractiveness Analysis, by Service Type
9. Global Medical Imaging Equipment Services Market Analysis and Forecast, by End-user
9.1. Introduction & Definition
9.1.1. Key Findings / Developments
9.2. Global Medical Imaging Equipment Services Market Value Forecast, by End-user, 2019–2030
9.2.1. Hospitals
9.2.2. Diagnostic Centers
9.2.3. Others
9.3. Global Medical Imaging Equipment Services Market Attractiveness Analysis, by End-user
10. Global Medical Imaging Equipment Services Market Analysis and Forecast, by Region
10.1. Key Findings
10.2. Global Medical Imaging Equipment Services Market Value Forecast, by Region
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Latin America
10.2.5. Middle East & Africa
10.3. Global Medical Imaging Equipment Services Market Attractiveness Analysis, by Region
11. North America Medical Imaging Equipment Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. North America Medical Imaging Equipment Services Market Value Forecast, by Modality, 2019–2030
11.2.1. Ultrasound
11.2.2. MRI
11.2.3. CT
11.2.4. X-ray
11.2.5. Others
11.3. North America Medical Imaging Equipment Services Market Value Forecast, by Service Provider, 2019–2030
11.3.1. Original Equipment Manufacturers
11.3.2. Independent Service Providers
11.4. North America Medical Imaging Equipment Services Market Value Forecast, by Service Type, 2019–2030
11.4.1. Equipment Removal & Relocation
11.4.2. Equipment Repair & Maintenance
11.4.3. Refurbished Systems
11.4.4. Technical Training
11.4.5. Software Upgrades
11.5. North America Medical Imaging Equipment Services Market Value Forecast, by End-user, 2019–2030
11.5.1. Hospitals
11.5.2. Diagnostic Centers
11.5.3. Others
11.6. North America Medical Imaging Equipment Services Market Value Forecast, by Country, 2019–2030
11.6.1. U.S.
11.6.2. Canada
11.7. North America Medical Imaging Equipment Services Market Attractiveness Analysis
11.7.1. By Modality
11.7.2. By Service Provider
11.7.3. By Service Type
11.7.4. By End-user
11.7.5. By Country
12. Europe Medical Imaging Equipment Services Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Europe Medical Imaging Equipment Services Market Value Forecast, by Modality, 2019–2030
12.2.1. Ultrasound
12.2.2. MRI
12.2.3. CT
12.2.4. X-ray
12.2.5. Others
12.3. Europe Medical Imaging Equipment Services Market Value Forecast, by Service Provider, 2019–2030
12.3.1. Original Equipment Manufacturers
12.3.2. Independent Service Providers
12.4. Europe Medical Imaging Equipment Services Market Value Forecast, by Service Type, 2019–2030
12.4.1. Equipment Removal & Relocation
12.4.2. Equipment Repair & Maintenance
12.4.3. Refurbished Systems
12.4.4. Technical Training
12.4.5. Software Upgrades
12.5. Europe Medical Imaging Equipment Services Market Value Forecast, by End-user, 2019–2030
12.5.1. Hospitals
12.5.2. Diagnostic Centers
12.5.3. Others
12.6. Europe Medical Imaging Equipment Services Market Value Forecast, by Country/Sub-region, 2019–2030
12.6.1. Germany
12.6.2. U.K.
12.6.3. France
12.6.4. Spain
12.6.5. Italy
12.6.6. Rest of Europe
12.7. Europe Medical Imaging Equipment Services Market Attractiveness Analysis
12.7.1. By Modality
12.7.2. By Service Provider
12.7.3. By Service Type
12.7.4. By End-user
12.7.5. By Country/Sub-region
13. Asia Pacific Medical Imaging Equipment Services Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Asia Pacific Medical Imaging Equipment Services Market Value Forecast, by Modality, 2019–2030
13.2.1. Ultrasound
13.2.2. MRI
13.2.3. CT
13.2.4. X-ray
13.2.5. Others
13.3. Asia Pacific Medical Imaging Equipment Services Market Value Forecast, by Service Provider, 2019–2030
13.3.1. Original Equipment Manufacturers
13.3.2. Independent Service Providers
13.4. Asia Pacific Medical Imaging Equipment Services Market Value Forecast, by Service Type, 2019–2030
13.4.1. Equipment Removal & Relocation
13.4.2. Equipment Repair & Maintenance
13.4.3. Refurbished Systems
13.4.4. Technical Training
13.4.5. Software Upgrades
13.5. Asia Pacific Medical imaging Equipment Services Market Value Forecast, by End-user, 2019–2030
13.5.1. Hospitals
13.5.2. Diagnostic Centers
13.5.3. Others
13.6. Asia Pacific Medical Imaging Equipment Services Market Value Forecast, by Country/Sub-region, 2019–2030
13.6.1. China
13.6.2. Japan
13.6.3. India
13.6.4. Australia & New Zealand
13.6.5. Rest of Asia Pacific
13.7. Asia Pacific Medical Imaging Equipment Services Market Attractiveness Analysis
13.7.1. By Modality
13.7.2. By Service Provider
13.7.3. By Service Type
13.7.4. By End-user
13.7.5. By Country/Sub-region
14. Latin America Medical Imaging Equipment Services Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Latin America Medical Imaging Equipment Services Market Value Forecast, by Modality, 2019–2030
14.2.1. Ultrasound
14.2.2. MRI
14.2.3. CT
14.2.4. X-ray
14.2.5. Others
14.3. Latin America Medical Imaging Equipment Services Market Value Forecast, by Service Provider, 2019–2030
14.3.1. Original Equipment Manufacturers
14.3.2. Independent Service Providers
14.4. Latin America Medical Imaging Equipment Services Market Value Forecast, by Service Type, 2019–2030
14.4.1. Equipment Removal & Relocation
14.4.2. Equipment Repair & Maintenance
14.4.3. Refurbished Systems
14.4.4. Technical Training
14.4.5. Software Upgrades
14.5. Latin America Medical Imaging Equipment Services Market Value Forecast, by End-user, 2019–2030
14.5.1. Hospitals
14.5.2. Diagnostic Centers
14.5.3. Others
14.6. Latin America Medical Imaging Equipment Services Market Value Forecast, by Country/Sub-region, 2019–2030
14.6.1. Brazil
14.6.2. Mexico
14.6.3. Rest of Latin America
14.7. Latin America Medical Imaging Equipment Services Market Attractiveness Analysis
14.7.1. By Modality
14.7.2. By Service Provider
14.7.3. By Service Type
14.7.4. By End-user
14.7.5. By Country/Sub-region
15. Middle East & Africa Medical Imaging Equipment Services Market Analysis and Forecast
15.1. Introduction
15.1.1. Key Findings
15.2. Middle East & Africa Medical Imaging Equipment Services Market Value Forecast, by Modality, 2019–2030
15.2.1. Ultrasound
15.2.2. MRI
15.2.3. CT
15.2.4. X-ray
15.2.5. Others
15.3. Middle East & Africa Medical Imaging Equipment Services Market Value Forecast, by Service Provider, 2019–2030
15.3.1. Original Equipment Manufacturers
15.3.2. Independent Service Providers
15.4. Middle East & Africa Medical Imaging Equipment Services Market Value Forecast, by Service Type, 2019–2030
15.4.1. Equipment Removal & Relocation
15.4.2. Equipment Repair & Maintenance
15.4.3. Refurbished Systems
15.4.4. Technical Training
15.4.5. Software Upgrades
15.5. Middle East & Africa Medical Imaging Equipment Services Market Value Forecast, by End-user, 2019–2030
15.5.1. Hospitals
15.5.2. Diagnostic Centers
15.5.3. Others
15.6. Middle East & Africa Medical Imaging Equipment Services Market Value Forecast, by Country/Sub-region, 2019–2030
15.6.1. GCC Countries
15.6.2. South Africa
15.6.3. Rest of Middle East & Africa
15.7. Middle East & Africa Medical Imaging Equipment Services Market Attractiveness Analysis
15.7.1. By Modality
15.7.2. By Service Provider
15.7.3. By Service Type
15.7.4. By End-user
15.7.5. By Country/Sub-region
16. Competition Landscape
16.1. Market Player - Competition Matrix (by tier and size of companies)
16.2. Market Share Analysis/Ranking, by Company, 2020
16.3. Company Profiles
16.3.1. Agfa-Gevaert Group
16.3.1.1. Company Description
16.3.1.2. Business Overview
16.3.1.3. Strategic Overview
16.3.1.4. SWOT Analysis
16.3.2. Althea Group
16.3.2.1. Company Description
16.3.2.2. Business Overview
16.3.2.3. Strategic Overview
16.3.2.4. SWOT Analysis
16.3.3. Canon Medical Systems Corporation (Canon, Inc.)
16.3.3.1. Company Description
16.3.3.2. Business Overview
16.3.3.3. Strategic Overview
16.3.3.4. SWOT Analysis
16.3.4. Carestream Health (ONEX Corporation)
16.3.4.1. Company Description
16.3.4.2. Business Overview
16.3.4.3. Strategic Overview
16.3.4.4. SWOT Analysis
16.3.5. GE Healthcare (General Electric Company)
16.3.5.1. Company Description
16.3.5.2. Business Overview
16.3.5.3. Strategic Overview
16.3.5.4. SWOT Analysis
16.3.6. Koninklijke Philips N.V.
16.3.6.1. Company Description
16.3.6.2. Business Overview
16.3.6.3. Strategic Overview
16.3.6.4. SWOT Analysis
16.3.7. Hologic, Inc.
16.3.7.1. Company Description
16.3.7.2. Business Overview
16.3.7.3. Strategic Overview
16.3.7.4. SWOT Analysis
16.3.8. Fujifilm Holding Corporation
16.3.8.1. Company Description
16.3.8.2. Business Overview
16.3.8.3. Strategic Overview
16.3.8.4. SWOT Analysis
16.3.9. Shimadzu Corporation
16.3.9.1. Company Description
16.3.9.2. Business Overview
16.3.9.3. Strategic Overview
16.3.9.4. SWOT Analysis
16.3.10. Siemens Healthineers (Siemens AG)
16.3.10.1. Company Description
16.3.10.2. Business Overview
16.3.10.3. Strategic Overview
16.3.10.4. SWOT Analysis
16.3.11. Universal Hospital Services, Inc.
16.3.11.1. Company Description
16.3.11.2. Business Overview
16.3.11.3. Strategic Overview
16.3.11.4. SWOT Analysis
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers