Medical Imaging Equipment Services Market Emerging Factors, Future Demands and Report to 2031

Overview of Global Medical Imaging Equipment Services Market

The global medical imaging equipment services market is expected to grow at a fast rate during the forecast period from 2022 to 2031, owing to major technological advancements in medical imaging equipment services, increase in R&D funding, surge in demand for overall surgeries, and rise in prevalence of chronic diseases.

Read Report Overview: https://www.transparencymarketresearch.com/medical-imaging-equipment-services-market.html

Rise in Prevalence of Chronic Diseases to Boost Demand for Medical Imaging Equipment Services Globally

The number of diagnostic and surgical procedures is increasing due to rise in incidence and prevalence of various diseases such cancer and cardiovascular diseases. According to the Global Cancer Observatory (GCO), an interactive web-based platform representing global cancer statistics, the number of new cancer cases stood at 219,292,789 in 2020, and it is expected to reach 28,887,940 in 2040.

As per the data published by the American Heart Association, a nonprofit organization in the U.S. that supports cardiovascular medical research worldwide, nearly 18.6 million patients succumbed to cardiovascular disease (CVDs) in 2019, an increase of 17.1% in the last decade. There were over 523.2 million cases of CVDs in 2019, a rise of 26.6% over that in 2010.

Request a Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14789

The figures mentioned above indicate that the demand for advanced imaging systems is expected to increase, which, in turn, is likely to propel the medical imaging equipment services market during the forecast period.

Strong Emergence of Independent Service Providers (ISOs) to Augment Global Market

The global medical imaging equipment services market is experiencing unprecedented dynamics, owing to a shift toward value-based service offerings. Additionally, strategic collaborations between ISOs are expected to drive the global medical imaging equipment services market.
In February 2022, DirectMed Parts & Service, LLC., a U.S.-based medical imaging equipment repair & maintenance service provider, announced that it has completed the acquisition of LBN Medical, a leading provider of pre-owned and refurbished medical imaging equipment, in order to gain prominent share in the global medical imaging equipment services market.

Moreover, in February 2021, the American Medical Imaging (AMI) and Tech Knowledge Associates (TKA) announced the official imaging equipment sales and service partnership.

This new partnership aims to deliver the entire spectrum of sales, repair, and maintenance solutions to health care facilities across the U.S. In the same year in January, Probo Medical, a renowned provider of medical imaging parts, equipment, repair, and service, announced the official acquisition of Mount International United Services Ltd., a U.K.-based provider of third-party repairs, service, and maintenance for medical imaging equipment.

Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=14789

Manufacturers Investing toward Product Diversification to Drive Global Market

In terms of service provider, the global medical imaging equipment services market has been bifurcated into OEMs and ISOs.

The OEMs segment held key share of the global market in 2021. The segment is projected to grow at a moderate rate during the forecast period. Key manufacturers, including Philips, GE, and Toshiba, invest in the expansion of their service offerings.

Moreover, technological advancements leading to faster processing and shorter test time are anticipated to accelerate the growth of the segment from 2022 to 2031.

Molecular Imaging Segment to Experience Strong Growth

Based on modality, the global medical imaging equipment services market has been classified into computed tomography (CT), magnetic resonance imaging (MRI), X-ray, ultrasound, molecular imaging, and others. Molecular imaging is a rapidly-growing segment of the global medical imaging equipment services market.

The segment is expected to expand at a growth rate of 6.6% during the forecast period.

Molecular imaging has significant potential in detecting disorders in early stages, selecting disease as well as patient-specific therapeutic treatment, ascertaining extent of disease, measuring molecular-specific effects of treatment, and applying a directed or targeted therapy.

Request Report Methodology: https://www.transparencymarketresearch.com/sample/sample.php?flag=RRM&rep_id=14789

Rise in Use of Medical Imaging Equipment Services by Hospitals & Ambulatory Surgical Centers to Fuel Market Growth

In terms of end-user, the global medical imaging equipment service market has been divided into hospitals, diagnostic centers, and others.

The hospitals segment of the global medical imaging equipment services market held prominent market share in 2021. Moreover, the segment is likely to grow at the fastest CAGR during the forecast period. Growth of the segment can be attributed to rise in utilization of medical imaging equipment services by hospitals in order to deliver better health services.

Regional Outlook of Global Medical Imaging Equipment Services Market

North America held key share of around 35% of the global medical imaging equipment service market in 2021. Increase in spending on research & innovations and rise in patients with oncological and cardiovascular diseases, specifically across Canada and the U.S., are the key drivers of the medical imaging equipment service market in North America.

Additionally, robust presence of healthcare facilities, specifically diagnostic imaging centers and hospitals, and increase in installed base of innovative medical imaging technologies across the healthcare sector are also projected to drive the market in the region.

Moreover, in July 2021, Novacap, Canada's prominent private equity firm, announced investment in Canada Diagnostic Centres (CDC), a multi-modality medical diagnostic equipment provider, in order to support CDC's business expansion worldwide. These supportive investments open new doors for the medical imaging services market.

Ask References: https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=14789

EMEA and Intercontinental are also large customers of medical imaging equipment services, and held second and third largest share, respectively, of the global market in 2021.
The medical imaging equipment services market in Intercontinental countries is propelled by the rise in focus on early diagnosis. Moreover, early detection of chronic diseases, such as cancer, increases the chances of successful treatment.

Therefore, the healthcare systems across Asia and Latin America emphasize on the early detection of such disorders rather than investing in costly treatments. Furthermore, strong presence of Shimadzu, Canon Medical Systems Corporation (Canon, Inc.), and Fujifilm Holding Corporation in countries in Asia and Latin America is expected to augment the market.

Latin America is a larger medical imaging equipment services market compared to Middle East & Africa. Moreover, the market in Latin America is projected to grow at a faster pace than in Middle East & Africa.

Analysis of Key Players in Global Medical Imaging Equipment Services Market

The global medical imaging equipment service market is consolidated, with the presence of large-scale and small-scale vendors. Majority of the companies make significant investments in research & development, primarily to develop innovative devices. Moreover, strategic alliances between key players to increase revenue and market share accelerate the growth of the global market. Furthermore, diversification of product portfolios and mergers & acquisitions are the key strategies adopted by the key players.

Request For Custom Research: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=14789

Althea Group, Agfa-Gevaert Group, Carestream Health (ONEX Corporation), Canon Medical Systems Corporation (Canon, Inc.), Hitachi, Ltd., GE Healthcare (General Electric Company), Koninklijke Philips N.V., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Hologic, Inc., Shimadzu Corporation, Siemens Healthineers AG, Universal Hospital Services, Inc., 626, TRIMEDX, United Imaging Healthcare Co., Ltd., and Drägerwerk AG & Co. KGaA are the prominent companies in the medical imaging equipment services market.

Each of these players has been profiled in the medical imaging equipment service market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

More Trending Reports by Transparency Market Research:

Chronic Pelvic Pain Treatment Market: https://www.transparencymarketresearch.com/chronic-pelvic-pain-treatment-market.html

Nonalcoholic Steatohepatitis Therapeutics Market: https://www.transparencymarketresearch.com/nonalcoholic-steatohepatitis-market.html

Psoriasis Treatment Market: https://www.transparencymarketresearch.com/psoriasis-treatment-market.html

Life Science Reagents Market: https://www.transparencymarketresearch.com/life-sciences-reagents-analytical-reagents.html

Liquid Filled Hard Capsules Market: https://www.transparencymarketresearch.com/liquidfilled-hard-capsules-market.html

Antihypertensive Drugs Market: https://www.transparencymarketresearch.com/antihypertensive-drugs-market.html

Controlled Substance Market: https://www.transparencymarketresearch.com/us-controlled-substance-market.html

Surgical Site Infections Market: https://www.transparencymarketresearch.com/surgical-site-infections-market.html

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

This release was published on openPR.