Radiology is the therapeutic department for the diagnoses and treatment of injury by using imaging technique like computed tomography (CT), X-rays, magnetic resonance imaging (MRI), positron emission tomography (PET), fusion imaging and ultrasound, these imaging techniques involve the use of radiation, therefore, adequate training and understanding of radiation safety and protection is essential.
MARKET SCOPE
The "Radiology services market to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Radiology services market with detailed market segmentation by of product, labeling method, application. The Radiology services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in radiology services market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- n the basis of type, the market is segmented into Product and Services.
- n the basis of procedure, the market is segmented into Digital and Conventional.
- n the basis of application, the market is segmented into Dental, Musculoskeletal, Pelvic and Abdominal, Gynecology, Cardiology, Others.
- n the basis of end user, the market is segmented into Hospitals, Ambulatory Centers, Diagnostic Centers, Clinics, Others.
MARKET DYNAMICS
Drivers:
- Growing government investment and funding's for research in modernization of services and on-going technological advancements in imaging systems.
- Availability of reimbursement for radiology procedures.
Restraints:
- High cost of imaging devices.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Radiology services market based on various segments. It also provides market size and forecast estimates from year 2021 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The radiology services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting radiology services market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the radiology services market in these regions.
IMPACT OF COVID-19 ON RADIOLOGY SERVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. The global impacts of the COVID-19 are already starting to be felt, and will significantly affect the radiology services market in 2020.Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the radiology services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from radiology services market are anticipated to have lucrative growth opportunities in the future with the rising demand for radiology services market in the global market. Below mentioned is the list of few companies engaged in the radiology services market.
The report also includes the profiles of key players in radiology services market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.
- MEDNAX, Inc
- Everlight Radiology
- RadNet, Inc.
- Koninklijke Philips N.V.
- Sonic Healthcare
- Medica Reporting Ltd.
- ONRAD, Inc.
- UNILABS.
- Envision Radiology.
- RamSoft, Inc.