Mobile Imaging Services Market value projected to expand by 2020

Transparency Market Research has published a report, titled “Mobile Imaging Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.According to the report, in 2013, the global mobile imaging services market stood at US$10,698.0 mn and by 2020, the market is expected to reach US$13,356.5 mn. The global mobile imaging services market is projected to expand at a 3.20% CAGR during the forecast period from 2014 to 2020.

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By type, the global mobile imaging services market is segmented into mammography, bone densitometry, positron emission tomography/computed tomography (PET-CT), computed tomography, magnetic resonance imaging (MRI), ultrasound, and x-ray. The MRI segment dominated the global mobile imaging services market in 2014 and is projected to progress at the fastest CAGR of 3.50% during the forecast period from 2014 to 2020.

According to end use, the global mobile imaging services market is classified into sports organization, home healthcare service providers, hospitals and private clinics, and rehabilitation centers, geriatric care, and hospice agencies, and others. Presently, the small hospitals segment holds a significant share in the global mobile imaging services market.

Regionally, the global mobile imaging services market is classified into Asia Pacific, Europe, North America, and Rest of the World (RoW). In 2013, North America dominated the global mobile imaging services market, followed by Europe. In 2013, North America mobile imaging services market was worth US$10,143.6 mn and by 2020, it is projected to be worth US$12,673.2 mn, expanding at a 3.20% CAGR during the forecast horizon. The North America mobile imaging services market benefits from the high-profit margins of mobile imaging service provided in the U.S. due to higher procedure volume. In developing economies of APAC and RoW, a majority of mobile imaging services are performed by non-profit organizations.

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The global mobile imaging services market is driven by the rising demand for vehicle bound mobile imaging units due to their several advantages over fixed imaging equipment. In addition to this, the rising number of launches of mobile imaging units by hospitals will also benefit the overall mobile imaging services market.

Players in the global mobile imaging services market will benefit from the opportunity presented by advanced mobile MRI options and the improved access to diagnostic imaging in emerging economies. The rising demand for at-home diagnostic testing will also give impetus to companies operating in the global mobile imaging services market. The key players analyzed in the global mobile imaging services market report are InHealth Group, Front Range Mobile Imaging, Axiom Mobile Imaging, and Atlantic Medical Imaging. The research study states that companies need to focus on expanding their reach of mobile imaging services to developing regions.

Nevertheless, the global mobile imaging services market will be challenged by the high fuel costs that will harm the mobile service operations and financial performance. Moreover, the market will also be restrained by the frequent maintenance requirements of mobile modalities incurring transportation cost.

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