Radiology Services Market by Technology, Application & Geography – Analysis & Forecast to 2027

According to the new market research report "Radiology Services Market By Type (Product, Services), Procedure (Conventional, Digital), Patient Age(Adults, Pediatric), Radiation Type(Diagnostics, Interventional Radiology), Application (Cardiovascular, Oncology, Gynecology, Neurology, Urology, Dental, Pelvic and Abdominal, Musculoskeletal, Others), End Users (Hospitals, Ambulatory Centers, Diagnostic Centers, Clinics) - Global Forecasts to 2027", published by Data Bridge Market Research , the Radiology Services Market is projected to reach at a of CAGR of 12.5% during the forecast period.

Radiology is the medical specialty for the diagnoses and treatment of injury by using imaging technique like computed tomography (CT), X-rays, magnetic resonance imaging (MRI), positron emission tomography (PET), fusion imaging and ultrasound, These imaging techniques involve the use of radiation, therefore, adequate training and understanding of radiation safety and protection is important.

Market Analysis And Insights: Global Radiology Services Market:

The continuous development of the radiology market in developing and developed countries and growing research and development expenditure to develop innovative radiology equipment’s are all enhancing the utilization of the radiology services. The advanced radiology services and their preferences by the radiology industries, leading the major manufactures to expand their business for the development of services. For instance In March 2019, KONINKLIJKE PHILIPS N.V has acquired Carestream Health Inc.’s (U.S.) Healthcare Information Systems business.

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Top Listed Manufacturers For Radiology Services Market Are:

• Siemens
• 4ways Limited
• MEDNAX, Inc
• Everlight Radiology
• RadNet, Inc
• Koninklijke Philips N.V.
• Sonic Healthcare
• Medica Reporting Ltd
• ONRAD, Inc
• UNILABS

Radiology Services Market Segmentation:

By Type (Product, Services), Procedure (Conventional, Digital), Patient Age(Adults, Pediatric), Radiation Type(Diagnostics, Interventional Radiology)

By Application (Cardiovascular, Oncology, Gynecology, Neurology, Urology, Dental, Pelvic and Abdominal, Musculoskeletal, Others)

By End Users (Hospitals, Ambulatory Centers, Diagnostic Centers, Clinics)

COVID – 19 scenario analysis:

• The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses
• Healthcare organizations are already working in battle mode, preparing new plans to respond growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers
• Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth
• Over 4 million people affected globally, with 300 thousand losing their lives due to SARS-CoV-2

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Global Radiology Services Market Scope and Market Size

Global radiology services market is segmented into six notable segments which are basis of type, procedure, patient age, radiation type, application, and end-user.
• On the basis of type, the market is segmented into product and services
• On the basis of procedure, the market is segmented digital and conventional
• On the basis of patient age, the market is segmented into pediatric and adults
• On the basis of radiation type, the market is segmented into diagnostics and interventional radiology
• On the basis of application, the market is segmented into dental, musculoskeletal, pelvic and abdominal, gynecology, cardiology, urology, neurology, oncology and others
• On the basis of end users, the market is segmented into hospitals, ambulatory centers, diagnostic centers, clinics.

Regional Analysis

This section covers regional segmentation which accentuates on current and future demand for Radiology Services market across This section covers regional segmentation which accentuates on current and future demand for COVID-19 Radiology Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions. Further, the report focuses on demand for individual application segment across all the prominent regions.

Competitive Landscape and Radiology Services Market Share Analysis

Some of the major players operating in this market are Siemens, 4ways Limited, MEDNAX, Inc., Everlight Radiology, RadNet, Inc., Koninklijke Philips N.V., Sonic Healthcare, Medica Reporting Ltd., ONRAD, Inc., UNILABS, Radiology Reports online, Teleradiology Solutions., InHealth Group, Concordmedical, Alliance HealthCare Services, Spectrum Health, Premier Radiology, Global Diagnostics, Envision Radiology, RamSoft, Inc., GE healthcare and among others.
Recent Developments:
• In March 2019, KONINKLIJKE PHILIPS N.V has acquired Direct Radiology (U.S.). The major advantage of this acquisition is company has entered in radiology services as Direct Radiology is tele radiology platform. With this acquisition company has 60 full time radiology’s.
• In March 2019, Siemens Healthineers received FDA Approval for Mobilett Elara Max mobile X-ray system. It offers complete information technology (IT) security and secures the system. Major advantage of this approval is to provide cyber security threats and efficiency as its data can be excess from anywhere.
• In February 2019, RadNet. Acquired Kern Radiology Medical Group, Inc. (U.S.) Imaging operations. The main focus of this is to expand their business in radiology as radiology medical group owes five imaging centers in bakersfield, California.

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Get detailed COVID-19 impact analysis on the Radiology Services Market:

Key Pointers Covered In The Radiology Services Market Industry Trends And Forecast To 2027

• The study provides an in-depth analysis, current trends, and future estimations of the global Radiology Services market to elucidate the imminent investment pockets.
• Comprehensive analysis of factors that drive and restrict the Radiology Services market growth is provided.
• The Radiology Services Industry report provides a qualitative and quantitative analysis of the current External Storage market trends, forecasts, and market size from 2020 to 2027 to determine new opportunities.
• Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Extensive analyses of key segments of the industry help understand the types of products and technologies used across various geographical regions.
• To provide historical, current, and forecast revenue of Radiology Services market segments and sub-segments with respect to regional markets and key countries

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