Radiology Services Market Increasing Demand for Recent Technological Development with Major Competitors like Spectra AB, Onrad Inc., Cybernet Medical Corporation, Telediagnostics Services Pvt. Ltd. And Global Forecast to 2025

Global Radiology Services Market research studies several features of business environment, such as competitors, market structure, government regulations, economic trends, technological advances and financial analysis of companies, industries, and sectors. This helps businesses in the decision-making process of planning and implementing strategies for their markets.

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Global Radiology Services Market is expected to grow significantly during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Radiology Services Market

The radiology services are being provided and served by the radiologists and experts that are have unique postgraduate medical education in, among other topics like radiation safety/protection, radiation effects on the human body, and appropriate performance and interpretation of quality radiologic and medical imaging examinations. Radiologists are the physician or medical practitioners that are experts in diagnosing, analysing, treating diseases, identifying the nature of diseases and injury with the help of medical imaging techniques such as X-Rays, computed tomography (CT), magnetic resonance imaging (MRI), nuclear medicine, positron emission tomography (PET), fusion imaging, and ultrasound. As these imaging techniques involve the use of radiation, therefore, adequate training and understanding of radiation safety and protection is important.

The variations of imaging methods such as X-ray radiography, computed tomography (CT), ultrasound, nuclear medicine including positron emission tomography (PET), and magnetic resonance imaging (MRI) are used to diagnose and/or treat diseases. The radiology services comprises of acting as an expert consultant to the referring physician by aiding patients in choosing the proper examination, interpreting the resulting medical images, and using test results in controlling the operations of medical care, treating diseases by using radiation or minimally invasive, image-guided therapeutic arbitration. This also helps in associating medical image findings with other examinations and tests, recommending further appropriate examinations or treatments when necessary and consulting with the implying physicians and directing radiologic technologists in the proper performance of quality exams. The computed tomography (CT) is a diagnostic imaging tool that helps the radiologists for the assessment patient anatomy non-invasively.

Major Market Competitors/Players: Global Radiology Services Market

Some of the major players operating in the market are:-

• B Siemens Healthcare,
• 4ways Healthcare Limited,
• Global Diagnostics,
• Virtual Radiology (vRAD),
• Spectra AB,
• Onrad, Inc.,
• Cybernet Medical Corporation,
• Telediagnostics Services Pvt. Ltd.,
• Everlight Radiology,
• RamSoft, Inc.,
• Radisphere National Radiology Group, Inc.,
• Medica Reporting Ltd.,
• Telemedicine Clinic,
• Teleradiology Solutions, Inc. and
• Radiology Reporting Online (Rro) among others.

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Major Market Drivers and Restraints:

• Increasing healthcare expenditure.
• Emergence of thin client 3D viewers.
• Technological advancements in radiology devices.
• Increasing demand for minimally invasive procedures.

Key Developments in the Market: Global Radiology Services Market

• In October 2017, According to the news published by ETHealthworld. In the field of radiology services, there have been latest advancements in radiology and imaging. The MRI has matured further with the advent of 7T scanners and higher, improving acquisition speeds and availability of applications. CT scanners are now going further higher beyond the 64-slice with vendors offering 128-, 256-, 320- and 640- slice systems
• In June 2018, FDA has proposed to reclassify some types of radiology image software analyzers. With this the proposed order will be reducing regulatory approval burden for various computer-aided detection devices. These devices are basically or computer-aided detection (CAD) devices, from class III to class II devices for mammography breast cancer, ultrasound breast lesions and radiograph lung nodules.

Competitive Analysis: Global Radiology Services Market

The global radiology services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of radiology services market for global, Europe, North America, Asia Pacific and South America.

Market Segmentation: Global Radiology Services Market

The Global Radiology Services market is Segmented Based On:-

• Product,
• Technology,
• Application,
• End User And
• Geographical segments.

Based on Services, the market is segmented into stationary digital radiology systems and portable digital radiology systems. The stationary digital radiology systems segment is further classified into ceiling-mounted systems and floor-to-ceiling mounted systems. The portable digital radiology systems segment is further sub-segmented on the basis of handheld radiology systems and mobile radiology systems.

On the basis of Application, the market is classified into

• Cardiovascular Imaging,
• Chest Imaging,
• Dental Imaging,
• Mammography Imaging,
• Orthopedic Imaging and other applications.

On the basis of End Users, the market is segmented into

• Hospitals,
• Diagnostic Centers and others.

Based on Geography the global radiology services market report covers data points for 28 countries across multiple geographies

• North America &
• South America,
• Europe,
• Asia-Pacific and,
• Middle East & Africa.

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