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.
Browse Press
Release of this report:
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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