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Radiology Services Market Trend Analysis, Competitive Landscape And Forecast 2033
Radiology Services Market Trends
As per the report, the radiology services market size has grown rapidly in recent years. It will grow from $6.47 billion in 2023 to $7.27 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The radiology services market size is expected to see rapid growth in the next few years. It will grow to $11.52 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%.
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Radiology Services Market Surges Amidst Growing Prevalence Of Age-Associated Diseases
The growing prevalence of age-associated diseases is driving the growth of the radiology services market. Age-related diseases are diseases that become more frequent as a person ages. It includes diseases such as Alzheimer's disease, arthritis, and dementia. Radiological tests such as MRI and computed tomography are used for the diagnosis of these diseases, and their increased prevalence increases the need for more diagnostic tests. For instance, according to the Alzheimer's Association, a US-based non-profit organization working to increase the treatment and awareness related to Alzheimer's disease, in 2022, more than 6 million US citizens were suffering from the disease, and the number is expected to increase to 13 million by 2050. 1 in 3 senior citizens die with Alzheimer's or any other dementia. The cost due to Alzheimer's totaled $321 billion in 2022, and it is expected to increase to $1 trillion by 2050. Therefore, the increasing prevalence of age-related disorders is driving the radiology services market forward.
Sirona Medical Unveils Rados A Cloud-Based Ai-Powered Radiology Operating System
Product innovations are a key trend gaining popularity in the radiology services market forward. Major companies in the market are introducing innovative products to sustain their position in the market. For instance, in December 2021, Sirona Medical, a US-based software company, launched its cloud radiology operating system, called RadOS. The new platform is powered by artificial intelligence, simplifies the workflow of radiologists, and improves user experience and productivity.
The radiology services market covered in this report is segmented -
1) By Type: Stationary Digital Radiology Systems, Portable Digital Radiology Systems
2) By Procedure: Conventional, Digital
3) By Patient Age: Adults, Pediatric
4) By Application: Cardiovascular Imaging, Chest Imaging, Dental Imaging, Mammography Imaging, Orthopedic Imaging
5) By End User: Hospitals, Ambulatory Centers, Diagnostic Centers, Clinics, Other End Users
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Major companies operating in the radiology services market report are Radisphere National Radiology Group Inc., Cybernet Manufacturing Inc., GE HealthCare, TeleDiagnostic Solutions Pvt. Ltd., 4ways Healthcare Limited, Medica Reporting Ltd., Koninklijke Philips N.V., Onrad Inc., Aspect Imaging Ltd., Bruker Corporation, Aurora Healthcare US Corp., FONAR Corporation, ESAOTE SPA, Neusoft Corporation, Toshiba Corporation, FUJIFILM Holdings Corporation, ONEX Corporation, Hologic Inc., Everlight Radiology, Global Diagnostics, RamSoft Inc., Siemens Healthineers, Telemedicine Clinic, Teleradiology Solutions Inc., Virtual Radiology, Hitachi Ltd., CANON MEDICAL SYSTEMS CORPORATION, Sanrad Medical Systems Private Limited, Quality Electrodynamics LLC, Shenzhen Anke High-tech Co. Ltd. .
Contents of the report:
1. Executive Summary
2. Radiology Services Market Report Structure
3. Radiology Services Market Trends And Strategies
4. Radiology Services Market - Macro Economic Scenario
5. Radiology Services Market Size And Growth
…..
27. Radiology Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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