Global Surge in Cancer Cases Drives Growth in Radiology as a Service Market || Philips Healthcare, GE Healthcare, Nano-X Imaging Ltd., USARAD Holdings Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Radiology As A Service Global Market Report 2023 identifies the increase in the number of cancer cases globally is the major driver for the radiology as a service market's growth in the forecast period. Cancer is a condition when the body's cells grow out of control and spread to other bodily regions. Medical imaging technology has transformed healthcare by enabling earlier cancer detection and better patient outcomes. Hence, the rise in the number of cancer cases would result in a demand for radiology imaging services, which is expected to propel the growth of radiology as a service. For instance, according to the National Cancer Institute, a US-based government agency for cancer research and training, the global number of new cancer cases per year is predicted to reach 29.5 million, with 16.4 million cancer-related deaths by 2040.

The global radiology as a service market size grew from $1.33 billion in 2022 to $1.63 billion in 2023 at a compound annual growth rate (CAGR) of 23.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global radiology as a service is expected to grow to $3.49 billion in 2027 at a CAGR of 20.9%.

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Major competitors in the radiology as a service market report are Philips Healthcare, GE Healthcare, Nano-X Imaging Ltd., USARAD Holdings Inc., Virtual Radiologic, Onrad Inc., RamSoft Inc., Telediagnostic Solutions Private Limited, Teleradiology Solutions.

A key trend in the radiology as a service market includes rapid technological advancements. Major companies operating in the radiology-as-a-service sector are focused on introducing new technologies to sustain their position in the market. For example, in January 2021, Nanox, an Israel-based medical imaging technology company, and USARAD, a US-based teleradiology company, introduced an advanced radiology diagnostics service that combines over 300 expert radiologists with artificial intelligence decision support solutions to support medical diagnostics.

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The radiology as a service market is segmented -

1) By Service Type: Teleradiology, Cloud-based Imaging IT Services, Consulting Services, Technology Management Services

2) By Technology: Computed Radiology, Direct Digital Radiology

3) By End-User: Hospitals, Diagnostic Imaging Centers, Radiology Clinics, Physician Offices, Nursing Homes

4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the radiology as a service market

The Business Research Company's "Global Radiology As A Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Radiology As A Service Market Include:
1. Executive Summary
2. Radiology As A Service Market Characteristic
3. Radiology As A Service Market Trends And Strategies
4. Radiology As A Service Market - Macro Economic Scenario
5. Radiology As A Service Market Size And Growth
……………
27. Radiology As A Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Radiology As A Service Market
29. Radiology As A Service Market Future Outlook And Potential Analysis
30. Appendix

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