North America Medical Imaging Equipment Services Market Opportunities by 2027

The North America medical imaging equipment services market is expected to reach US$ 8,916.28 Mn in 2027 from US$ 6,526.03 Mn in 2018. The market is estimated to grow with a CAGR of 3.6% from 2019-2027.

The growth of the market is driven by the factors such as, rising numbers of hospital and diagnostics centers, better quality performance due to service, and rising prevalence of chronic and acute diseases. However, the market is likely to get impacted by the risk factor such as lack of funds/grants for the diagnostic equipment during the forecast period.

The medical imaging equipment is a complex machine which has several different technologies incorporated that assist in the visualizing health conditions. Therefore, it is necessary to maintain the machine by servicing it regularly. Also, the medical devices industry is highly regulated, and it invests heavily in emerging technologies. The utilization of the emerging technologies in the medical imaging equipment enhances the products services or offering and attractiveness. The emerging technologies improve the resolution, incorporation of new modalities and portability, thus to maintain the performance of the equipment services helps to increase product quality and better results. Thus, these factors have resulted in the low morbidity rates, helps in improving health outcomes and enhanced quality of life among patients. Also, the incorporation of the newer technology has resulted in speeding up technical functions and oldness of the medical imaging equipment. Therefore, the oldness or the depreciation of the equipment demand the renewal or correctives services for the equipment. Thus, maintaining the quality of the medical imaging equipment, it is necessary to do regular corrective services and improve the quality of performance.

US holds the largest market share of medical imaging equipment services market, supported by advanced healthcare facilities and infrastructure, change to value-based service offerings, varying dynamics for reimbursement coverage, and higher acceptance of advanced imaging modalities which need frequent repair, maintenance, calibration, and inspection. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the North America region during the forecast period.

NORTH AMERICA MEDICAL IMAGING EQUIPMENT SERVICES – MARKET SEGMENTATION

By Service Type

• Equipment Repair and Maintenance
• Refurbished Systems
• Technical Training
• Equipment Removal and Relocation
• Software Upgrades

By Service Providers

• Original Equipment Manufacturers (OEM)
• Independent Service Organizations

By Modality

• X-Ray
• Ultrasound
• Magnetic Resonance Imaging (MRI)
• Computed Tomography (CT)
• Others

By End User

• Hospitals
• Diagnostic Centers
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico

Company Profiles

• GENERAL ELECTRIC
• Siemens Healthineers AG
• Hitachi, Ltd.
• Hologic Inc.
• Koninklijke Philips N.V.
• Shimadzu Corporation
• Canon Inc.
• Carestream (Onex Corporation)
• Agility Health
• Althea Group

North America Medical Imaging Equipment Services Report Scope