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Medical Imaging Equipment Service Trends and Forecast
The future of the global medical imaging equipment service market looks promising with opportunities in the hospital and diagnostic center markets. The global medical imaging equipment service market is expected to reach an estimated $48.77 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are growing number of hospitals across the globe, growing incidence of lifestyle- related diseases, and rising demand for early detection tools.
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Medical Imaging Equipment Service by Segment
The study includes a forecast for the global medical imaging equipment service by modality, service type, end use, and region.
Medical Imaging Equipment Service Market by Modality [Shipment Analysis by Value from 2018 to 2030]:
• Computed Tomography (CT)
• Magnetic Resonance Imaging (MRI)
• Ultrasound
• X-Ray
• Others
Medical Imaging Equipment Service Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:
• Equipment Removal And Relocation
• Equipment Repair And Maintenance
• Refurbished Systems
• Technical Training
• Software Upgrades
Medical Imaging Equipment Service Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospital
• Diagnostic Centers
• Others
Medical Imaging Equipment Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Medical Imaging Equipment Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical imaging equipment service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical imaging equipment service companies profiled in this report include-
• Koninklijke Philips
• Hologic
• Shimadzu
• Althea
• Canon Medical Systems
• Agfa-Gevaert
• Hitachi
Medical Imaging Equipment Service Market Insights
Lucintel forecasts that ultrasound will remain the largest segment over the forecast period due to rapid development of advanced ultrasound transducers integrated for biomedical and cardiovascular imaging.
Within this market, hospital will remain the largest segment due to growing demand for advanced imaging modalities and the integration of surgical suits with imaging technologies.
North America will remain the largest over the forecast period due to growing number of patients with oncological and cardiovascular diease and presence of a large number of industry players in the region.
Features of the Global Medical Imaging Equipment Service Market
Market Size Estimates: Medical imaging equipment service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Medical imaging equipment service market size by modality, service type, end use, and region in terms of value ($B).
Regional Analysis: Medical imaging equipment service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different modalities, service types, end uses, and regions for the medical imaging equipment service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical imaging equipment service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the medical imaging equipment service market size?
Answer: The global medical imaging equipment service market is expected to reach an estimated $48.77 billion by 2030.
Q.2 What is the growth forecast for medical imaging equipment service market?
Answer: The global medical imaging equipment service market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the medical imaging equipment service market?
Answer: The major drivers for this market are growing number of hospitals across the globe, growing incidence of lifestyle- related diseases, and rising demand for early detection tools.
Q4. What are the major segments for medical imaging equipment service market?
Answer: The future of the medical imaging equipment service market looks promising with opportunities in the hospital and diagnostic center markets.
Q5. Who are the key medical imaging equipment service market companies?
Answer: Some of the key medical imaging equipment service companies are as follows:
• Koninklijke Philips
• Hologic
• Shimadzu
• Althea
• Canon Medical Systems
• Agfa-Gevaert
• Hitachi
Q6. Which medical imaging equipment service market segment will be the largest in future?
Answer: Lucintel forecasts that ultrasound will remain the largest segment over the forecast period due to rapid development of advanced ultrasound transducers integrated for biomedical and cardiovascular imaging.
Q7. In medical imaging equipment service market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest over the forecast period due to growing number of patients with oncological and cardiovascular diease and presence of a large number of industry players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the medical imaging equipment service market by modality (computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, x-ray, and others), service type (equipment removal and relocation, equipment repair and maintenance, refurbished systems, technical training, and software upgrades), end use (hospital, diagnostic centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Medical Imaging Equipment Service Market, Medical Imaging Equipment Service Market Size, Medical Imaging Equipment Service Market Growth, Medical Imaging Equipment Service Market Analysis, Medical Imaging Equipment Service Market Report, Medical Imaging Equipment Service Market Share, Medical Imaging Equipment Service Market Trends, Medical Imaging Equipment Service Market Forecast, Medical Imaging Equipment Service Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Medical Imaging Equipment Service Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Medical Imaging Equipment Service Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Medical Imaging Equipment Service Market by Modality
3.3.1: Computed Tomography (CT)
3.3.2: Magnetic Resonance Imaging (MRI)
3.3.3: Ultrasound
3.3.4: X-Ray
3.3.5: Others
3.4: Global Medical Imaging Equipment Service Market by Service Type
3.4.1: Equipment Removal and Relocation
3.4.2: Equipment Repair and Maintenance
3.4.3: Refurbished Systems
3.4.4: Technical Training
3.4.5: Software Upgrades
3.5: Global Medical Imaging Equipment Service Market by End Use
3.5.1: Hospital
3.5.2: Diagnostic Centers
3.5.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Medical Imaging Equipment Service Market by Region
4.2: North American Medical Imaging Equipment Service Market
4.2.2: North American Medical Imaging Equipment Service Market by End Use: Hospital, Diagnostic Centers, and Others
4.3: European Medical Imaging Equipment Service Market
4.3.1: European Medical Imaging Equipment Service Market by Modality: Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound, X-Ray, and Others
4.3.2: European Medical Imaging Equipment Service Market by End Use: Hospital, Diagnostic Centers, and Others
4.4: APAC Medical Imaging Equipment Service Market
4.4.1: APAC Medical Imaging Equipment Service Market by Modality: Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound, X-Ray, and Others
4.4.2: APAC Medical Imaging Equipment Service Market by End Use: Hospital, Diagnostic Centers, and Others
4.5: ROW Medical Imaging Equipment Service Market
4.5.1: ROW Medical Imaging Equipment Service Market by Modality: Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound, X-Ray, and Others
4.5.2: ROW Medical Imaging Equipment Service Market by End Use: Hospital, Diagnostic Centers, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Medical Imaging Equipment Service Market by Modality
6.1.2: Growth Opportunities for the Global Medical Imaging Equipment Service Market by Service Type
6.1.3: Growth Opportunities for the Global Medical Imaging Equipment Service Market by End Use
6.1.4: Growth Opportunities for the Global Medical Imaging Equipment Service Market by Region
6.2: Emerging Trends in the Global Medical Imaging Equipment Service Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Medical Imaging Equipment Service Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Medical Imaging Equipment Service Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Koninklijke Philips
7.2: Hologic
7.3: Shimadzu
7.4: Althea
7.5: Canon Medical Systems
7.6: Agfa-Gevaert
7.7: Hitachi
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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