Medical Imaging Services Market is estimated to be USD 341.17 billion in 2019 and is predicted to reach USD 508.79 billion by 2030 with a CAGR of 3.7%

Medical Imaging Services plays a major role in healthcare industry as it helps in the proper diagnosis of the disease but also helps in the therapy selection with follow-ups mainly in chronic diseases. Medical imaging is an integral part of medical practices and done to enhance the treatment and planning for better patient recovery.

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Top Companies: Hitachi, Ltd., Siemens Healthcare GmbH, TOSHIBA CORPORATION, Carestream Health, GE Healthcare, Koninklijke Philips N.V., Fujifilm Corporation, Shimadzu Corporation, Hologic, Inc. and Esaote SpA and others.

Market Dynamics and Trends

The improving and modernizing healthcare infrastructure as well as huge burden of chronic disorders in developing nations has proliferated the medical imaging services market growth. Furthermore, increase in the intervention procedures due to the increased demand of minimally invasive surgeries is expected to enhance the growth of medical imaging services market.

The factors including favorable reimbursement policies coupled with expansion of product portfolio and increasing awareness are further expected to fuel the market growth. However, stringent regulations for the approval coupled with side effects with the radiation produced by the system are expected to impede the market growth. On the other hand increase in research and development activities coupled with increase in technological advancements are expected to create ample opportunities in the medical imaging services market over the forecast period.

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Market Segmentations and Scope of the Study:

The global medical imaging services market share is analyzed on the basis of imaging modality, application, end user, and geography. On the basis of imaging modality, the market is segmented into X-ray, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography, Nuclear Imaging, and Others. On the basis of Application, the market is divided into Cardiology, Gynecology/OBS, Orthopedics & Musculoskeletal, Oncology, Neurology and Spine, and General Imaging. On the basis of end user, the market is divided into Hospitals, Ambulatory Surgical Centers, Diagnostic Imaging Centers, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America denotes a higher adoption of the medical imaging services and is anticipated hold the highest market share during the forecast period. This is attributable to the factors including presence of well-established healthcare amenities, increased prevalence of chronic disorders, and technological advancements.

It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size owing to increasing accessibility to healthcare facilities in the region, increasing medical tourism, and increasing disposable income with favorable reimbursement policies.

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