Radiology Services Market By Product Type (Stationary Digital Radiology Systems, Portable Digital Radiology Systems) , By Application (Cardiovascular Imaging, Chest Imaging, Dental Imaging, Orthopedic Imaging, Others) By Technology (Computed Radiology, Direct Digital Radiology) By End User (Hospitals, Diagnostic Centers, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Radiology Services Market Expected to Garner $14.0 Billion by 2033, Growing at a CAGR of 14.1%
Abstract: The global radiology services market is expected to grow primarily due to the increasing incidence of cancer, neurological disorders, and cardiovascular diseases. The North America region is predicted to witness profitable growth by 2033.
As per the report published by Research Dive, the global radiology services market was valued at $4.1 billion in 2023 and is expected to register a revenue of $14.0 billion by 2033 at a CAGR of 14.1% during the forecast period 2024-2033.
Dynamics of the MarketThe growing prevalence of cancer, cardiovascular diseases, & neurological disorders, rising elderly population leading to higher demand for diagnostic imaging, and the increasing elderly population leading to higher demand for diagnostic imaging are expected to make the radiology services market a highly profitable one in the forecast period. Besides, increased public awareness about the benefits of early diagnosis & preventive care is expected to further boost market growth.
However, according to market analysts, high operational & maintenance costs and radiation exposure risks might restrain the growth of the market.
The integration of artificial intelligence & machine learning in radiology and innovation in portable & point-of-care imaging solutions present significant opportunities for radiology services market growth. Moreover, the rising focus on customized treatment plans using advanced imaging is predicted to drive market growth in coming years.
Key Players of the MarketThe major players of the radiology services market include CodaMetrix, Siemens Healthineers, Enlitic Inc., DeepTek Inc., Coreline Soft, Philips Healthcare, DeepHealth, Inc., GE Healthcare, and TeleRay.
What the Report CoversIn addition to the details highlighted in this description, the comprehensive final report delves into essential market aspects. These encompass a market overview, SWOT analysis, market dynamics, Porter’s five forces analysis, segmentation (key trends, regional analysis, and forecast analysis), and company profiles (including company overview, product portfolio, operating segments, strategic initiatives, and financial performance).
Key Market SegmentsBy Product TypeStationary Digital Radiology Systems
Portable Digital Radiology Systems
By ApplicationCardiovascular Imaging
Chest Imaging
Dental Imaging
Orthopedic Imaging
Others
By TechnologyComputed Radiology
Direct Digital Radiology
By End UserHospitals
Diagnostic Centers
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Rest of LAMEA
Key Market Players
Siemens Healthineers
Enlitic Inc.
CodaMetrix
Philips Healthcare
Coreline Soft
DeepTek Inc
GE Healthcare
DeepHealth, Inc.
Equium Intelligence
TeleRay