US Medical Imaging Equipment Services Market to Reach US$ 5,848.2 Mn at CAGR of 3.9% in 2027 | The Insight Partners

US Medical Imaging Equipment Services Market to 2027 - Regional Analysis and Forecasts By Service Type (Equipment Repair and Maintenance, Refurbished Systems, Technical Training, Equipment Removal and Relocation, and Software Upgrades); Service Providers (Original Equipment Manufacturers (OEM), Independent Service Organizations); Modality (Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound, X-Ray, and Others); End User (Hospitals, Diagnostic Centers, and Others), and Geography

Publication Month: Jul 2019 | Report Code: TIPRE00006292 | No. of Pages: 90 | Category: Medical Device | Status: Published

The US medical imaging equipment services market is expected to reach US$ 5,848.2 Mn in 2027 from US$ 4,169.0 Mn in 2018. The market is estimated to grow with a CAGR of 3.9% from 2019-2027.

The growth of the market is driven by 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.

 

There are has been a significant rise in the diagnostic industry in the last few years due to the transformation in the healthcare systems. For every minor and major health conditions, patients visit hospitals to get diagnosed with the problems. The hospitals and diagnostics centers assist doctors and physicians in offering the best treatment and helps to improve patient’s health. In the United States, the rising number of population is the critical factor that is leading to increasing numbers of hospitals and diagnostic centers. For instance, the names of hospitals are rising in the US. According to the recent data published for the year 2019, by the American Hospitals Association states that there is nearly 6,210 number of hospitals across the country. Also, it indicates that the number of hospitals has been increased by almost 700, and among them, approximately 400 are community hospitals. Therefore, owing to the above-mentioned factors, the market is likely to propel in during the forecast period.

 

Additionally, the presence of robust products has been witnessed in the medical imaging equipment services market. For instance, in February 2019, Royal Philips launched the advanced CT for helping the imaging departments and healthcare organizations to meet their most pressing financial, clinical and operational goals. Such launches are anticipated to help the companies strengthen their portfolio as well as to hold a better position in the medical imaging equipment services market.

 

The US medical imaging equipment services market is segmented based on the service type, service providers, modality, and end user. Among the service type segment, the equipment repair and maintenance segment is expected to grow at a significant rate of 4.5% during the forecast period. In 2019, the equipment repair and maintenance segment held the largest market share in the US medical imaging equipment services market.

 

 

US 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

Companies Mentioned

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

1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1       US Medical Imaging Equipment Services Market – By Service Type

1.3.2       US Medical Imaging Equipment Services Market – By Service Providers

1.3.3       US Medical Imaging Equipment Services Market – By Modality

1.3.4       US Medical Imaging Equipment Services Market – By End User

2.             US Medical Imaging Equipment Services Market –  Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             US Medical Imaging Equipment Services Market Landscape

4.1       Overview

4.2       PEST Analysis

4.2.1       US – PEST Analysis

4.3       Expert Opinions

5.             US Medical Imaging Equipment Services Market –  Key Industry Dynamics

5.1       Key Market Drivers

5.1.1       Rising Numbers of Hospital and Diagnostics Centers

5.1.2       Better Quality Performance Due to Services

5.1.3       Rising Prevalence of Chronic and Acute Diseases

5.2       Key Market Restraints

5.2.1       Lack of Funds/Grants for the Diagnostic Equipment.

5.3       Key Market Opportunities

5.3.1       Rising Technological Developments

5.4       Future Trends

5.4.1       Integrated Services

5.5       Impact Analysis of Drivers and Restraints

6.             Medical Imaging Equipment Services Market –  US Analysis

6.1       US Medical Imaging Equipment Services Market - Overview

6.2       US Medical Imaging Equipment Services Market – Revenue Forecasts and Analysis

6.3       Positioning of Key Players

7.             US Medical Imaging Equipment Services Market Analysis– by Service Type

7.1       Overview

7.2       US Medical Imaging Equipment Services Market, By Service Type, 2018 & 2027 (%)

7.2.1       US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type  (US$ Mn)

7.3       Equipment Repair and Maintenance Market

7.3.1       Overview

7.3.2       Equipment Repair and Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

7.4       Refurbished Systems Market

7.4.1       Overview

7.4.2       Refurbished Systems Market Revenue and Forecasts to 2027 (US$ Mn)

7.5       Technical Training Market

7.5.1       Overview

7.5.2       Technical Training Market Revenue and Forecasts to 2027 (US$ Mn)

7.6       Equipment Removal and Relocation Market

7.6.1       Overview

7.6.2       Equipment Removal and Relocation Market Revenue and Forecasts to 2027 (US$ Mn)

7.7       Software Upgrades Market

7.7.1       Overview

7.7.2       Software Upgrades Market Revenue and Forecasts to 2027 (US$ Mn)

8.             US Medical Imaging Equipment Services Market Analysis– by Service Providers

8.1       Overview

8.2       US Medical Imaging Equipment Services Market, By Service Providers, 2018 & 2027 (%)

8.2.1       US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)

8.3       Original Equipment Manufacturers (OEM) Market

8.3.1       Overview

8.3.2       Original Equipment Manufacturers (OEM) Market Revenue and Forecasts to 2027 (US$ Mn)

8.4       Independent Service Organizations Market

8.4.1       Overview

8.4.2       Independent Service Organizations Market Revenue and Forecasts to 2027 (US$ Mn)

9.             US Medical Imaging Equipment Services Market Analysis– by Modality

9.1       Overview

9.2       US Medical Imaging Equipment Services Market, By Modality, 2018 & 2027 (%)

9.2.1       US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)

9.3       X-Ray Market

9.3.1       Overview

9.3.2       X-Ray Market Revenue and Forecasts to 2027 (US$ Mn)

9.4       Ultrasound Market

9.4.1       Overview

9.4.2       Ultrasound Market Revenue and Forecasts to 2027 (US$ Mn)

9.5       Magnetic Resonance Imaging (MRI) Market

9.5.1       Overview

9.5.2       Magnetic Resonance Imaging (MRI) Market Revenue and Forecasts to 2027 (US$ Mn)

9.6       Computed Tomography (CT) Market

9.6.1       Overview

9.6.2       Computed Tomography (CT) Market Revenue and Forecasts to 2027 (US$ Mn)

9.7       Others Market

9.7.1       Overview

9.7.2       Others Market Revenue and Forecasts to 2027 (US$ Mn)

10.          US Medical Imaging Equipment Services Market Analysis– by End User

10.1    Overview

10.2    US Medical Imaging Equipment Services Market, By End User 2018 & 2027 (%)

10.2.1    US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)

10.3    Hospitals Market

10.3.1    Overview

10.3.2    Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)

10.4    Diagnostic Centers Market

10.4.1    Overview

10.4.2    Diagnostic Centers Market Revenue and Forecasts to 2027 (US$ Mn)

10.5    Others Market

10.5.1    Overview

10.5.2    Others Market Revenue and Forecasts to 2027 (US$ Mn)

11.          Medical Imaging Equipment Services Market– Industry Landscape

11.1    Overview

11.2    Growth Strategies in the Medical Imaging Equipment Services Market, 2016-2019

11.3    Organic Growth strategies

11.3.1    Overview

11.3.2    Organic Growth Strategies in the Medical Imaging Equipment Services Market, 2016-2019 (%)

11.3.3    Product Launches

11.3.3.1  Recent Product Launches By Players In The Medical Imaging Equipment Services Market

11.3.4    Product Approval

11.3.4.1  Recent Product Approval By Players In The Medical Imaging Equipment Services Market

11.3.5    Others

11.3.5.1  Recent Other Activities By Players In The Medical Imaging Equipment Services Market

11.4    Inorganic Growth Strategies

11.4.1    Overview

11.4.2    Inorganic Growth Strategies in the Medical Imaging Equipment Services Market, 2016-2019 (%)

11.4.3    Agreement

11.4.3.1  Recent Agreement By Players In The Medical Imaging Equipment Services Market

11.4.4    Acquisition

11.4.4.1  Recent Acquisition By Players In The Medical Imaging Equipment Services Market

11.4.5    Partnerships & Mergers

11.4.5.1  Recent Partnerships & Mergers By Players In The Medical Imaging Equipment Services Market

12.          US Medical Imaging Equipment Services Market –  Key Company Profiles

12.1    Hitachi, Ltd.

12.1.1    Key Facts

12.1.2    Business Description

12.1.3    Financial Overview

12.1.4    Product Portfolio

12.1.5    SWOT Analysis

12.1.6    Key Developments

12.2    Hologic Inc.

12.2.1    Key Facts

12.2.2    Business Description

12.2.3    Financial Overview

12.2.4    Product Portfolio

12.2.5    SWOT Analysis

12.2.6    Key Developments

12.3    Koninklijke Philips N.V.

12.3.1    Key Facts

12.3.2    Business Description

12.3.3    Financial Overview

12.3.4    Product Portfolio

12.3.5    SWOT Analysis

12.3.6    Key Developments

12.4    General Electric Company

12.4.1    Key Facts

12.4.2    Business Description

12.4.3    Financial Overview

12.4.4    Product Portfolio

12.4.5    SWOT Analysis

12.4.6    Key Developments

12.5    Shimadzu Corporation

12.5.1    Key Facts

12.5.2    Business Description

12.5.3    Financial Information

12.5.4    Product Portfolio

12.5.5    SWOT Analysis

12.5.6    Key Developments

12.6    Siemens AG

12.6.1    Key Facts

12.6.2    Business Description

12.6.3    Financial Overview

12.6.4    Product Portfolio

12.6.5    SWOT Analysis

12.6.6    Key Developments

12.7    Canon Medical Systems Corporation

12.7.1    Key Facts

12.7.2    Business Description

12.7.3    Financial Overview

12.7.4    Product Portfolio

12.7.5    SWOT Analysis

12.7.6    Key Developments

12.8    Carestream Health

12.8.1    Key Facts

12.8.2    Business Description

12.8.3    Financial Information

12.8.4    Product Portfolio

12.8.5    SWOT Analysis

12.8.6    Key Developments

12.9    Agiliti

12.9.1    Key Facts

12.9.2    Business Description

12.9.3    Financial Overview

12.9.4    Product Portfolio

12.9.5    SWOT Analysis

12.9.6    Key Developments

12.10  Althea Group

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Financial Overview

12.10.4 Product Portfolio

12.10.5 SWOT Analysis

12.10.6 Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Glossary of Terms

LIST OF TABLES

Table 1.            US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)

Table 2.            US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers  (US$ Mn)

Table 3.            US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)

Table 4.            US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)

Table 5.            Recent Product Launches in the Medical Imaging Equipment Services market

Table 6.            Recent Product Approval in the Medical Imaging Equipment Services market

Table 7.            Recent Other Activities By Players In The Medical Imaging Equipment Services Market

Table 8.            Recent Agreement By Players In The Medical Imaging Equipment Services Market

Table 9.            Recent Acquisition By Players In The Medical Imaging Equipment Services Market

Table 10.         Recent Partnerships & Mergers By Players In The Medical Imaging Equipment Services Market

Table 11.         Glossary of Terms, Medical Imaging Equipment Services Market

 

LIST OF FIGURES

Figure 1.          Medical Imaging Equipment Services Market Segmentation

Figure 2.          US Medical Imaging Equipment Services Market, Revenue (US$ Mn), By Geography 2018 & 2027

Figure 3.          US Medical Imaging Equipment Services Market By Service Type, Market Share (%), 2018

Figure 4.          US Medical Imaging Equipment Services Market By Service Providers, Market Share (%), 2018

Figure 5.          US Medical Imaging Equipment Services Market By Modality, Market Share (%), 2018

Figure 6.          US Medical Imaging Equipment Services Market By End User, Market Share (%), 2018

Figure 7.          US PEST Analysis

Figure 8.          Medical Imaging Equipment Market Impact Analysis of Drivers and Restraints

Figure 9.          US Medical Imaging Equipment Services Market – Revenue Forecasts and Analysis – 2018- 2027

Figure 10.       Prominent Players in the Medical Imaging Equipment Services Market

Figure 11.       US Medical Imaging Equipment Services Market, by Service Type, 2018 & 2027 (%)

Figure 12.       Equipment Repair and Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 13.       Refurbished Systems Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 14.       Technical Training Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 15.       Equipment Removal and Relocation Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 16.       Software Upgrades Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 17.       US Medical Imaging Equipment Services Market, by Service Providers, 2018 & 2027 (%)

Figure 18.       Original Equipment Manufacturers (OEM) Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19.       Independent Service Organizations Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20.       US Medical Imaging Equipment Services Market, by Modality, 2018 & 2027 (%)

Figure 21.       X-Ray Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 22.       Ultrasound Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 23.       Magnetic Resonance Imaging (MRI) Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 24.       Computed Tomography (CT) Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 25.       Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 26.       US Medical Imaging Equipment Services Market, by End User 2018 & 2027 (%)

Figure 27.       Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 28.       Diagnostic Centers Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 29.       Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 30.       Growth Strategies in the Medical Imaging Equipment Services Market, 2016-2019

Figure 31.       Organic Growth Strategies in the Medical Imaging Equipment Services Market, 2016-2019 (%)

Figure 32.       Inorganic Developments in the Medical Imaging Equipment Services Market, 2016-2019(%)

The List of Companies

 

  1. GENERAL ELECTRIC
  2. Siemens Healthineers AG
  3. Hitachi, Ltd.
  4. Hologic Inc.
  5. Koninklijke Philips N.V.
  6. Shimadzu Corporation
  7. Canon Inc.
  8. Carestream (Onex Corporation)
  9. Agility Health
  10. Althea Group