Mobile Imaging Services Market will Expand at a CAGR of 3.2% Between 2014 and 2020

A latest report published by Transparency Market Research says that the global mobile imaging services market will expand at a CAGR of 3.2% between 2014 and 2020. The report, titled, ‘Mobile Imaging Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’, says that the market will grow from US$10.7 billion in 2013 to US$13.3 billion by 2020. The report focuses on growing use of mobile imaging systems, which is identified as the main driver for the global mobile imaging services market. Mobile medical imaging services address the needs of people in areas that lack indoor hospitals and medical facilities. There has been an increase in the use of medical imaging systems in areas such as cardiology, neurology, and women’s health. Many healthcare centers, medical centers, and hospitals have started offering mobile medical imaging services.

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Thanks to advertising, the global mobile imaging services market is heading towards impressive growth during the forecast period. Advertisements have made people aware about the use of mobile medical imaging systems, leading to an increased uptake of mobile imaging services. Faster healthcare and medical services during natural calamities, is the key advantage that mobile medical services applications offer. Considering the advantages of using mobile imaging services, most of the players of the market have started offering technologically advanced mobile medical imaging services.

The report divides the global mobile imaging services market based on geography, type, and end-user. By service, the global mobile imaging services market is sub-divided into ultrasound sonography, X-ray, PET/CT, CT, MRI scan, mammography, and bone densitometry. The magnetic resonance imaging MRI segment led the global mobile imaging services market in 2013 as it was valued at US$3,740.6 million. The MRI segment is expected to lead the market during the forecast period as it is expected to be valued at US$4,737.9 million with a CAGR of 3.5%. Home healthcare service providers, hospitals, and private clinics are some of the primary end-users of the global mobile imaging services market. The report also highlights contribution from private clinics and hospitals till the end of 2020. The private clinics and hospitals segment is expected to expand at a CAGR of 3.4% between 2012 and 2020, reaching US$9,736.8 million by 2020.

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Geographically, Europe and North America will drive the global mobile imaging services market from 2014 to 2020. Asia Pacific and countries from the Rest of the World region also contribute to the growth of the global mobile imaging services market. As per the report, Accurate Imaging Inc., Interim Diagnostic Imaging Inc., VanScan Ltd., DMS Health Technologies, Alliance Healthcare Services, Axiom Mobile Imaging, and Nuffield Health, are some of the leading players in the global mobile imaging services market, which are offering top notch mobile medical imaging services.

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Emergence of Home-based Healthcare to Shape Utilization of Mobile Imaging Services

Mobile imaging services comprise a group of devices and technologies that allow diagnostic imaging to be conducted in non-hospital settings and the results sent to physicians. This is especially convenient in situations where the patient is suffering from disorders that restrain their movement, or the patient is in a remote area and can’t physically visit the hospital. The growing demand for home healthcare solutions is thus favorable for the mobile imaging services market. Hospitals themselves are also exhibiting increasing demand for mobile imaging services, as they present a cost-effective alternative over conventional fixed medical imaging equipment.

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According to Transparency Market Research, the global mobile imaging services market was valued at US$10.7 bn in 2013. Exhibiting a steady 3.2% CAGR from 2014 to 2020, the market is expected to rise to a valuation of US$13.3 bn.

How important will hospitals be to the mobile imaging services market in the coming years?

Despite their obvious utility in healthcare dispensation to remote areas or in home-based healthcare settings, the primary driver for the demand for mobile imaging services is their increasing use in hospitals. While stationary imaging equipment has been the norm in hospitals for a long time, the impending obsolescence of many imaging devices in the face of consistent technological advancement has necessitated the use of cost-effective modern alternatives such as mobile imaging.

Small hospitals are the key end users of mobile imaging services. These hospitals need to keep in touch with the contemporaneous technological scenario, but the relatively low volume of patients doesn’t allow them to install advanced stationary equipment on a mass scale. In this situation, using outsourced mobile imaging services becomes a vital solution for hospitals operating in a certain budget range. This is the way the mobile imaging services market has shaped up in North America and Europe. The increasing sophistication of teleradiology technologies is likely to ensure it remains this way in the coming years.

What is the key trend in the global mobile imaging services market?

The launch of mobile imaging units by major hospitals is a key trend in the global mobile imaging services market. While it has increased the demand for mobile imaging equipment, the high transportation costs and frequent maintenance requirements may put many hospitals off the idea of establishing their own mobile imaging unit. The increasing ease of incorporating teleradiology solutions is also likely to count against the mobile imaging services market, especially with smaller hospitals.

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The increasing global geriatric population has led to the development of imaging solutions that don’t require the patients to be physically present in the hospital, and home care solutions are already becoming common in North America and Western Europe, which are virtually the only markets for mobile imaging services at present. This is another key driver for the global mobile imaging services market.

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90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/