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Medical Imaging Services Market Will Increase at 7.3% of CAGR with Global Growing Healthcare Industry by 2025 | Hitachi Limited, General Electric Company, Koninklijke Philips N.V., Hologic, Inc., Shimadzu Corporation

11-16-2020 07:19 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
New Zealand Medical Imaging Services Market

New Zealand Medical Imaging Services Market

According to the report, the New Zealand medical imaging services market was pegged at $285 million in 2017 and is expected to garner $500 million by 2025, growing at a CAGR of 7.3% from 2018 to 2025.

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Technological advancements related to medical imaging modalities, rise in the prevalence of chronic diseases, and surge in need for early diagnosis of diseases have fueled the growth of New Zealand medical imaging services market. On the other hand, shortage of helium and high cost of sophisticated medical imaging modalities have restrained the growth to some extent. Nevertheless, increase in demand for use of multiple medical imaging modalities together has created multiple opportunities in the segment.

The medical imaging market has experienced a significant growth over the past few years, owing to advancements in technology, surge in incidence of chronic diseases, increase in number of diagnostic imaging methods, and preference for early diagnosis of disorders. On the other hand, high initial cost of medical imaging systems and scarcity of helium hinder the market growth.

By modality, the New Zealand medical imaging services market is categorized into computed tomography (CT) scan, X-ray imaging, magnetic resonance imaging (MRI), ultrasound, nuclear imaging and mammography. By application, the report splits the market into cardiovascular & thoracic, gynecology/obstetrics, neuro & spine, general imaging, breast health orthopedics & musculoskeletal, and others. Based on provider, it is segmented into public provider and private provider. Based on payer, the market is segmented into district health board, accident compensation commission, private health insurance, patients, and others. By city, the market is studied across Auckland, Wellington, Christchurch, Hamilton, Tauranga, and rest of New Zealand.

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Key Findings of the Report:

Auckland held nearly one-third of the total share of the market in 2017.
The mammography segment is expected to register the fastest CAGR during the forecast period.
The public provider segment contributed the major share, with nearly two-thirds of the total market share in 2017.
District health board is expected to register the highest growth rate during the forecast period.
Based on modality, the ultrasound segment accounted for nearly one-third of the total market in 2017 and is expected to dominate throughout the forecast period. Rise in demand for ultrasound imaging due to the introduction of point-of-care ultrasound devices and increase in focus of key players on the development of application-specific devices have spurred the growth. On the other hand, the mammography segment is expected to grow at the highest CAGR of 9.6% throughout 2018-2025. Surge in awareness towards the need of early screening of breast cancer has driven the market.

New Zealand medical imaging services is discussed across five cities such as Auckland, Christchurch, Wellington, Tauranga, Hamilton, and rest of New Zealand. Among the aforementioned cities, Auckland contributed the highest market share in the New Zealand medical imaging services market in 2017 and will maintain its dominant share by 2025.

Read More: https://www.alliedmarketresearch.com/new-zealand-medical-imaging-services-market

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Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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