The global medical imaging equipment services market was valued over US$ 19.0 Bn in 2016, and is expected to surpass US$ 27.0 Bn by the end of 2025.
Albany, NY -- (SBWIRE) -- 09/14/2018 -- The growth of the medical imaging equipment services market are expected to be sustained by the need for activities such as regular maintenance and repair, relocation, refurbishment, and software upgrades. Medical imaging equipment services are seeing greater applications owing to business plans by market players which favor long-term partnerships with hospitals, rapid innovations in technologically advanced services, and the demand for better diagnostic facilities for potentially fatal illnesses. Revenues arising from market activities are expected to grow at a CAGR of more than 3.0% through 2025. Such insights have been extracted from the report titled "Medical Imaging Equipment Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" that was recently included in the massive repository of Market Research Reports Search Engine (MRRSE).
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Independent service providers and original equipment manufacturers are driving sales by offering technological upgrades as a part of their medical imaging equipment services portfolio. A shortage of skilled workers and systems results in increased wear and tear, thereby raising the need for appropriate services. On the other hand, increasingly smaller profit margins are expected to constrain the market in the foreseeable future.
Hospitals are forecasted to contribute highly towards market growth of the medical imaging equipment services for the forecast period, owing to extensive usage of such imaging systems. North America is the leader in market share owing to access to advanced forms of medical imaging procedures and varying factors of reimbursement. However rising spending on healthcare, and a growing focus of market players is expected to result in a high CAGR for the Asia Pacific region, particularly in developing countries such as China and India.
Medical Imaging Equipment Services Market: Report Summary
The report delivers regional and global analysis and forecasts for the medical imaging equipment market, in terms each segment with the relevant CAGR and the drivers, constraints, and opportunities of the market, for the period of forecast 2018 to 2026. Vital dynamics, and economic factors that might affect development and demand for medical imaging equipment services have been examined in this report.
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A detailed view of the key market players of the medical imaging equipment services industry has been offered in the report in terms of service type, service providers, region, modality, and end-users, with details such as overview of the company, financials, recent events, business strategies, and the portfolio of products, which helps in making the readers understand the competitive scenario among major as well as new market players.
Medical Imaging Equipment Services Market: Research Methodology
In- depth primary and secondary research has been utilized, to extract relevant insights on the medical imaging equipment services market. This includes in-depth discussions and interviews with key industry experts and opinion leaders to extract useful information on factors such as market trends, market size, and competitive situations. Primary research forms the major part of the research efforts, which has been supported with thorough secondary research.
Top market players in the medical imaging equipment services market have been studied, and reliable data sources such as press releases, annual reports, and other relevant documents and databases have been perused for gaining insight on the market's landscape. The research methodology used here has been proven to be accurate and effective to gain great insights on the market data, understanding changing factors affecting market players and identifying latent business opportunities.
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