Radiology Market is expected to reach USD 43.04 billion by 2029,

Radiology Market is the most promising market research report which has been framed in the way foreseen. The industry report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. All statistical and numerical data is interpreted in this market report with the use of established and advanced tools such as SWOT analysis and Porter’s Five Forces Analysis. The large scale Radiology Market report helps uncover the general market conditions and tendencies.

Over the years, radiology has grown as an essential diagnostic tool for a variety of diseases and a powerful tool for monitoring treatment and anticipating the results.  Surging demand for early disease diagnosis and widening scope of clinical applications have largely aided the market to expand over the forecasted period. Consequently, the presence of various growth determinants will help the market show substantial growth.

Global radiology market was valued at USD 26.6 billion in 2021 and is expected to reach USD 43.04 billion by 2029, registering a CAGR of 6.20% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Radiology (also referred as diagnostic imaging) includes multiple tests are included in the process, which require projecting and imagining specific bodily regions. It is important in various diagnostic procedures such as CT scans, MRIs, X-rays, and ultrasounds. Radiology is a medical specialty that uses imaging technologies to diagnose and treat disorders that are visible inside the body. Radiologists use imaging techniques such as computed tomography (CT), X-ray, magnetic resonance imaging (MRI), positron emission tomography (PET), and ultrasound to treat and diagnose ailments.

Drivers

• Growing Burden Of Chronic Diseases

The surging occurrences of chronic disorders among the growing population are the most significant factors driving this market’s growth. Additionally, the increase in the aging population and changes in societal behavior are contributing to a steady increase in these common and costly long-term health problems are also projected to bolster the growth of the market.

The rising preference and need of minimally invasive procedures due to cost-effective solutions and lesser hospital stay are also expected to accelerate the overall growth of the market. Furthermore, the expanding healthcare sector along with the increasing penetration of advanced data analytics tools are also expected to fuel market growth. Moreover, the growing need for advanced, cost-effective, and reliable diagnostic services and solutions also cushions the market’s growth within the forecasted period.

Opportunities

• Growing Research and Investment Activities

Moreover, the surging levels of investment that will help develop advanced and technological products and provide adequate training and safety are estimated to generate lucrative opportunities for the market. The growing number of research activities and digitization will further offer numerous growth opportunities for the market.

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Recent Developments

• In November 2020, Centro Rossi, a leading healthcare provider in Argentina with 13 sites around Greater Buenos Aires, integrates the Exa® Enterprise Imaging Platform across all of its facilities, according to Konica Minolta Healthcare Americas, Inc. In addition, Konica Minolta established a partnership with Habitat Evolution to offer the Exa Enterprise Imaging Platform throughout Argentina.

Restraints/Challenges Global Radiology Market

• High Costs

On the other hand, the high cost of the installation is expected to obstruct market growth.

• Dearth of Labour

The shortage of skilled professionals or lack of trained paramedics is projected to challenge the radiology market in 2022-2029.

This radiology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the radiology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Critical Insights Related to This Market Included in the Report:

• Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
• Value chain analysis of prominent players in the market
• Current trends influencing the dynamics of this market across various geographies
• Recent mergers, acquisitions, collaborations, and partnerships
• Revenue growth of this industry over the forecast period
• Marketing strategy study and growth trends
• Growth driven factor analysis
• Emerging recess segments and region-wise market
• An empirical evaluation of the curve of this market
• Ancient, Present, and Probable scope of the market from both prospect value and volume

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Key Players:

General Electric (U.S.), Siemens (Germany), Koninklijke Philips N.V. (Netherlands), Agfa-Gevaert N.V. (Belgium), Canon Medical Systems Corporation (Japan), Hitachi Ltd. (Japan), Carestream Health (U.S.), Esaote S.p.A (Italy), F. Hoffmann-La Roche Ltd., (Switzerland), Axis-Shield Diagnostics Ltd. (U.K), Hologic, Inc. (US), FUJIFILM Holdings Corporation (Japan),  Cerner Corporation (U.S.), Samsung (South Korea),  Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Planmed Oy (Finland), CurveBeam (US), Shimadzu Corporation (Japan), Allscripts Healthcare, LLC (U.S)

Radiology Market Scope

Type

• Interventional Radiology
• Diagnostic Radiology

On the basis of type, the radiology market is segmented into interventional radiology and diagnostic radiology.

Services

• Fusion Imaging
• X-Rays
• Ultrasound
• Computed Tomography (CT)
• Nuclear Medicine
• Positron Emission Tomography (PET)
• Magnetic Resonance Imaging (MRI)

On the basis of services, the radiology market is segmented into fusion imaging, x-rays, ultrasound, computed tomography (CT), nuclear medicine, positron emission tomography (PET) and magnetic resonance imaging (MRI).

End Use

• Hospitals
• Diagnostic Centers
• Others

On the basis of end use, the radiology market is bifurcated into hospitals, diagnostic centers and others.

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