Radiology Market Growing to Exhibit a Remarkable Growth of USD 43.04 billion by 2029, Key Drivers, Size, Share, Growth and Opportunity Outlook
WASHINGTON, Sept. 19, 2022 /PRNewswire/ -- Data Bridge Market research has recently published the comprehensive business research on "Global Radiology Market" includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities. The Radiology report provides explanation about market trends, future prospects, market restraints, leading market drivers, market segments, key developments, key players in the market, and competitor strategies. Radiology report is very consistent as all the data and information regarding this industry is derived via authentic sources such as websites, journals, annual reports of the companies, and magazines. CAGR values mentioned in the report gives evaluations about the rise or fall of the product demand in the forecasted time period. Data and information included in this report aids businesses take superior decisions and improve return on investment (ROI).
Global radiology market was valued at USD 26.6 billion in 2021 and is expected to reach USD 43.04 billion by 2029, registering a CAGR of 6.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Overview:-
Radiology (also referred as diagnostic imaging) includes multiple tests are included in the process, which require projecting and imagining specific bodily regions. It is important in various diagnostic procedures such as CT scans, MRIs, X-rays, and ultrasounds. Radiology is a medical specialty that uses imaging technologies to diagnose and treat disorders that are visible inside the body. Radiologists use imaging techniques such as computed tomography (CT), X-ray, magnetic resonance imaging (MRI), positron emission tomography (PET), and ultrasound to treat and diagnose ailments.
Over the years, radiology has grown as an essential diagnostic tool for a variety of diseases and a powerful tool for monitoring treatment and anticipating the results. Surging demand for early disease diagnosis and widening scope of clinical applications have largely aided the market to expand over the forecasted period. Consequently, the presence of various growth determinants will help the market show substantial growth.
Opportunities
- Growing Research and Investment Activities
Moreover, the surging levels of investment that will help develop advanced and technological products and provide adequate training and safety are estimated to generate lucrative opportunities for the market. The growing number of research activities and digitization will further offer numerous growth opportunities for the market.
Some of the Major Players Operating In the Radiology Market Are
- General Electric (U.S.),
- Siemens (Germany),
- Koninklijke Philips N.V. (Netherlands),
- Agfa-Gevaert N.V. (Belgium),
- Canon Medical Systems Corporation (Japan),
- Hitachi Ltd. (Japan),
- Carestream Health (U.S.),
- Esaote S.p.A (Italy),
- F. Hoffmann-La Roche Ltd., (Switzerland),
- Axis-Shield Diagnostics Ltd. (U.K),
- Hologic, Inc. (US),
- FUJIFILM Holdings Corporation (Japan),
- Cerner Corporation (U.S.),
- Samsung (South Korea),
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China),
- Planmed Oy (Finland),
- CurveBeam (US),
- Shimadzu Corporation (Japan),
- Allscripts Healthcare
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Recent Developments
- In November 2020, Centro Rossi, a leading healthcare provider in Argentina with 13 sites around Greater Buenos Aires, integrates the Exa® Enterprise Imaging Platform across all of its facilities, according to Konica Minolta Healthcare Americas, Inc. In addition, Konica Minolta established a partnership with Habitat Evolution to offer the Exa Enterprise Imaging Platform throughout Argentina.
Radical conclusions of the report:
- Industry overview with a futuristic perspective
- Analysis of production costs and analysis of the industrial chain
- Full regional analysis
- Benchmarking the competitive landscape
- Market growth trends; current and emerging
- Technological developments and products
- Comprehensive coverage of market factors, restraints, opportunities, threats, limitations, and outlook for the Market
- SWOT Analysis, Porter's Five Forces Analysis, Feasibility Analysis, and ROI Analysis
Market Drivers
- Growing Burden Of Chronic Diseases
The surging occurrences of chronic disorders among the growing population are the most significant factors driving this market's growth. Additionally, the increase in the aging population and changes in societal behavior are contributing to a steady increase in these common and costly long-term health problems are also projected to bolster the growth of the market.
The rising preference and need of minimally invasive procedures due to cost-effective solutions and lesser hospital stay are also expected to accelerate the overall growth of the market. Furthermore, the expanding healthcare sector along with the increasing penetration of advanced data analytics tools are also expected to fuel market growth. Moreover, the growing need for advanced, cost-effective, and reliable diagnostic services and solutions also cushions the market's growth within the forecasted period.
Market Segmentation
Type
- Interventional Radiology
- Diagnostic Radiology
Services
- Fusion Imaging
- X-Rays
- Ultrasound
- Computed Tomography (CT)
- Nuclear Medicine
- Positron Emission Tomography (PET)
- Magnetic Resonance Imaging (MRI)
End Use
- Hospitals
- Diagnostic Centers
- Others.
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Regional Analysis/Insights
The countries covered in the radiology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the radiology market because of the increasing demand of digitization along with rising awareness among the people regarding the benefits of advanced treatments within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing demand for advanced healthcare systems among the aging population, increasing prevalence of chronic diseases, and the developing healthcare infrastructure within the region.
How will this Market Intelligence Report Benefit You?
- The report offers statistical data in terms of value (US$) as well as Volume (units)
- Exclusive insight into the key trends affecting this industry, although key threats, opportunities and disruptive technologies that could shape the Global Market supply and demand
- The report tracks the leading market players that will shape and impact this Market most
- The data analysis present in this report is based on the combination of both primary and secondary resources
- The report helps you to understand the real effects of key market drivers or retainers on this business
TABLE OF CONTENT:
- Report Overview
- Global Growth Trends
- Market Share by Key Players
- Breakdown Data by Type and Application
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
- Central & South America
- International Players Profiles
- Market Forecast
- Analyst's Viewpoints/Conclusions
- Appendix
For More Insights Grab TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-radiology-market
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