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Radiology market registering a CAGR of 6.20% during the forecast period of 2022-2029

Radiology market registering a CAGR of 6.20% during the forecast

Radiology market was valued at USD 26.6 billion in 2021 and is expected to reach USD 43.04 billion by 2029, registering a CAGR of 6.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Overview

Radiology (also referred as diagnostic imaging) includes multiple tests are included in the process, which require projecting and imagining specific bodily regions. It is important in various diagnostic procedures such as CT scans, MRIs, X-rays, and ultrasounds. Radiology is a medical specialty that uses imaging technologies to diagnose and treat disorders that are visible inside the body. Radiologists use imaging techniques such as computed tomography (CT), X-ray, magnetic resonance imaging (MRI), positron emission tomography (PET), and ultrasound to treat and diagnose ailments.

Explore Further Details about This Research Radiology Market Report

Radiology Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:


Growing Burden Of Chronic Diseases

The surging occurrences of chronic disorders among the growing population are the most significant factors driving this market's growth. Additionally, the increase in the aging population and changes in societal behavior are contributing to a steady increase in these common and costly long-term health problems are also projected to bolster the growth of the market.

The rising preference and need of minimally invasive procedures due to cost-effective solutions and lesser hospital stay are also expected to accelerate the overall growth of the market. Furthermore, the expanding healthcare sector along with the increasing penetration of advanced data analytics tools are also expected to fuel market growth. Moreover, the growing need for advanced, cost-effective, and reliable diagnostic services and solutions also cushions the market's growth within the forecasted period.


Growing Research and Investment Activities

Moreover, the surging levels of investment that will help develop advanced and technological products and provide adequate training and safety are estimated to generate lucrative opportunities for the market. The growing number of research activities and digitization will further offer numerous growth opportunities for the market.

Some of the major players operating in the radiology market are

General Electric (U.S.), Siemens (Germany), Koninklijke Philips N.V. (Netherlands), Agfa-Gevaert N.V. (Belgium), Canon Medical Systems Corporation (Japan), Hitachi Ltd. (Japan), Carestream Health (U.S.), Esaote S.p.A (Italy), F. Hoffmann-La Roche Ltd., (Switzerland), Axis-Shield Diagnostics Ltd. (U.K), Hologic, Inc. (US), FUJIFILM Holdings Corporation (Japan),  Cerner Corporation (U.S.), Samsung (South Korea),  Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Planmed Oy (Finland), CurveBeam (US), Shimadzu Corporation (Japan), Allscripts Healthcare, LLC (U.S)

Key Insights Of Radiology Market Report

The report comprises a detailed analysis of different segments and offers market valuations between 2023 to 2030.
This study presents the analytical depiction of the Radiology Market with the current trends and future estimations to determine the imminent investment pockets
The report also reveals information with respect to key drivers, restraints, and opportunities coupled with a comprehensive analysis of the global Radiology Market
The forecast period of the market is assessed from 2024 to 2030 to highlight the Radiology Market growth scenario.
Porter's five forces analysis establishes the effectiveness of the buyers and suppliers in the business line.
The key players in the industry are profiled to gain an understanding of the strategies adopted by them.
This report provides the current trends and future estimations during the forecast period, which in turn aids in identify the prevailing market opportunities.

The company portfolio includes company synopsis, operating business sectors, business overview, product/service categories, and recent growth strategies adopted by them.

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