Deep Analysis of Impact of COVID-19 on “Mobile Imaging Services Market 2019-2025” Growth Worldwide….



The global mobile imaging services market size is expected to reach USD 2.05 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 3.2% over the forecast period. Demand for mobile imaging services is primarily driven by global rise in incidence of chronic diseases such as cancer, cardiovascular diseases, gastrointestinal and endocrinal disorders, and neurological and lung disorders. 
With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.
Aging increases the risk of diseases such as heart diseases, musculoskeletal disorders, and neural disorders owing to weaker immune system and body strength. These diseases can also arise as a result of factors such as extended lifespan of individuals, increase in consumption of alcohol, smoking, sedentary lifestyle, and unhealthy eating habits.
Some of the companies engaged in mobile imaging services are Cobalt Health, Front Mobile Imaging, Digirad Corporation, InHealth Group Ltd., Alliance HealthCare Services, TridentUSA Health Services, and Shared Medical Services. Mergers and acquisitions, collaborations, and partnerships are among the key strategies adopted by players in the market.
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The global mobile imaging services market size was valued at USD 1.55 billion in 2016 and is expected to expand at a CAGR of 3.2% over the forecast period. Demand for mobile imaging services is increasing due to growth in patient population, which is a result of rise in incidence of chronic diseases such as cancer, cardiovascular diseases, gastrointestinal and endocrinal disorders, and neurological and lung disorders. The rise in incidence of chronic diseases can be attributed to extending lifespan of individuals, increase in alcohol consumption, unhealthy eating habits, smoking, and sedentary lifestyle.  
Further key findings from the study suggest:
·         Increasing prevalence of chronic diseases and rise in imaging procedures is primarily driving the global market
·         By product, MRI accounted for the largest market share in 2016 mainly due to growing use of this imaging technique in accident victims and patients suffering from chronic illnesses
·         The others segment, which includes bone densitometers and stereotactic breast biopsy equipment, will exhibit the fastest growth rate owing to factors such as increasing incidence of osteoporosis and growing geriatric population
·         North America is dominating the global market, followed by Europe. Adoption of mobile imaging services and exponential growth in remote patient monitoring and telehealth services are prime factors responsible for the growth of these regions
·         Key players in the market include Cobalt Health, Front Mobile Imaging, Digirad Corporation, InHealth Group Ltd., Alliance HealthCare Services, TridentUSA Health Services, and Shared Medical Services.
In addition, rising adoption of imaging technology in detection and monitoring of disease progression is supporting market growth. Technological advancements leading to combination of informatics and advanced imaging techniques is enabling remote data storage, which is proving to be immensely convenient for healthcare professionals to track and trace patient history.
Based on product, the market is segmented into x-ray, computed tomography (CT), ultrasound, magnetic resonance imaging (MRI), mammography, and nuclear imaging. The others segment includes bone densitometers and stereotactic breast biopsy equipment. Cost savings, revenue enhancement, addition of new service line, and adoption by physicians are some of the factors anticipated to fuel market growth during the forecast period. These services are used in the diagnosis of diseases such as osteoporosis, arthritis, pneumonia, and heart diseases.
MRI is the largest product segment, fueled by increasing incidences of brain injuries and multiple sclerosis and technological advancements in the field. Shared Medical Services, Cobalt Health, and Front Range Mobile Imaging are some of the companies offering MRI imaging services. Bone densitometers and stereotactic breast biopsy equipment, forming the others segment, are expected to exhibit the fastest growth rate during the forecast period. Rising incidence of osteoporosis and growing geriatric population are expected to fuel the segment.
Major end users of mobile imaging services include hospitals, private clinics, and patients in home healthcare settings. Various initiatives undertaken by governments around the globe to support remote patient monitoring and presence of a large geriatric patient pool are some of the factors fueling the demand for these services in old-age homes and home healthcare settings.
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Grand View Research has segmented the global mobile imaging services market on the basis of product type, end use:
Mobile Imaging Services Product Type Outlook (Revenue, USD Million, 2014 - 2025)
·         X-ray
·         CT
·         Ultrasound
·         MRI
·         Mammography
·         Nuclear Imaging
·         Others
Mobile Imaging Services End-use Outlook (Revenue, USD Million, 2014 - 2025)
·         Hospitals & Private Clinics
·         Home Healthcare
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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