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Mobile Imaging Services Market on Track for Strong Growth, Estimated to Grow at 7.9% CAGR Through 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Mobile Imaging Services Market Through 2025?
The overall valuation of the mobile imaging services sector has experienced robust expansion recently, projected to increase from its $19.13 billion standing in 2024 to $20.16 billion come 2025, reflecting a steady compound annual growth rate of 5.4%; this upward trajectory observed throughout the past period is largely influenced by factors such as an increasing elderly demographic, the inherent cost-effectiveness of these services, the expanding reach of immediate medical response teams, widespread disease detection initiatives, ongoing management of long-term health conditions, and supportive governmental guidelines.
What's the Projected Size of the Global Mobile Imaging Services Market by 2029?
Projections indicate a robust expansion for the mobile imaging services sector over the approaching years, anticipating a revenue valuation of $27.37 billion by 2029, reflecting a consistent annual growth rate of 7.9%. This anticipated surge through the forecast duration is fundamentally driven by factors such as increased rural healthcare provisioning, the proliferation of telehealth options, worldwide health campaigns, efforts to manage communicable diseases, and the deployment of point-of-care testing solutions. Key developments shaping this market trend during the forecast interval encompass the incorporation of artificial intelligence (AI), heightened focus on data security protocols, continuous technological progress, the adoption of remote monitoring technologies, and the expanding use of point-of-care ultrasound devices.
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Top Growth Drivers in the Mobile Imaging Services Industry: What's Accelerating the Market?
Anticipated expansion in the mobile imaging services sector throughout the projected timeframe is largely attributable to the increasing incidence of long-term health conditions like cancer, neurological issues, and heart ailments. Chronic diseases, defined as persistent health issues lacking a definitive cure, persist for over a year, necessitating ongoing medical oversight or leading to significant limitations in routine daily activities; typically, these conditions are neither vaccine-preventable nor solely curable through medication. These widespread chronic illnesses currently represent the primary global driver of mortality and impairment, with escalating rates observable across every geographical area and impacting individuals irrespective of their economic standing. Mobile imaging services furnish healthcare providers with the means to conduct numerous crucial diagnostic screenings utilizing diverse imaging modalities such as X-Ray, EKG, and ultrasound. As an illustration of this trend, projections from the United Nations suggest that the share of worldwide fatalities attributed to chronic diseases could climb as high as 70% by the year 2030, underscoring how the mounting burden of these long-term illnesses fuels the expansion of the mobile imaging services industry.
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What Trends Will Shape the Mobile Imaging Services Market Through 2029 and Beyond?
A notable movement within the mobile imaging services sector involves increasing reliance on strategic partnerships and takeovers. Leading entities operating within this market are prioritizing mergers and acquisitions as means to foster novel developments and sustain a competitive edge. As an illustration of this trend, in the month of April 2023, Photonis, a company situated in France specializing in the production of electro-optical detection and imagery solutions for both defense and industrial applications, finalized an agreement to take over Telops, a Canadian firm recognized for creating sophisticated imaging systems and infrared cameras. Once integrated, this combined entity is poised to deliver distinctive, top-tier imaging merchandise to its B2B clientele, leveraging mastery over key component production, an extensive international presence, and superior technological expertise.
What Are the Main Segments in the Mobile Imaging Services Market?
The mobile imaging servicesmarket covered in this report is segmented -
1) By Product Type: X-ray; Ultrasound; CT; MRI; Mammography; Bone Densitometry
2) By End User: Hospitals And Private Clinics; Home Healthcare Providers; Rehabilitation Centers, Geriatric Care And Hospice Agencies; Sports Organizations; Other End Users
Subsegments:
1) By X-ray: Portable X-ray Machines; Digital X-ray Systems
2) By Ultrasound: Portable Ultrasound Devices; Point-of-Care Ultrasound Systems
3) By Computed Tomography (CT): Mobile CT Scanners; Helical CT Scanners
4) By Magnetic Resonance Imaging (MRI): Mobile MRI Systems; Open MRI Systems
5) By Mammography: Mobile Mammography Units; Digital Mammography Systems
6) By Bone Densitometry: Portable Bone Densitometers; Dual-Energy X-ray Absorptiometry (DXA) Scanners
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Which Top Companies are Driving Growth in the Mobile Imaging Services Market?
Major companies operating in the mobile imaging services market include Accurate Imaging Inc., Alliance HealthCare Services Inc., Axiom Mobile Imaging, Carestream Health, Center for Diagnostic Imaging Inc., Cobalt Health, DMS Health Technologies Inc., Front Range Mobile Imaging Inc., Imaging On Site Inc., InHealth Group Limited, Interim Diagnostic Imaging LLC, Jacksonville Mobile Imaging Services Inc., Nuffield Health, Digirad Corporation, TridentUSA Health Services, Atlantic Medical Imaging Inc., Insights Health Services Corp., RadNet Inc., Akumin Inc, RAYUS Radiology, Atlantic Mobile Imaging, MD Laboratory, MobilexUSA, Medica Reporting Ltd., Mediscan Diagnostic Services, Mobile Imaging Diagnostics, Premier Diagnostic Services, Radiology Imaging Solutions, Rapid Radiology, Shields Health Solutions, SimonMed Imaging, Touchstone Imaging
Which Regions Will Dominate the Mobile Imaging Services Market Through 2029?
North America was the largest region in the mobile imaging services market in 2024. The regions covered in the mobile imaging services market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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