PUBLISHER: Allied Market Research | PRODUCT CODE: 1566895
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566895
Radiology Services Market Expected to Garner $14.0 Billion by 2033, Growing at a CAGR of 14.1%
Abstract: The global radiology services market is expected to grow primarily due to the increasing incidence of cancer, neurological disorders, and cardiovascular diseases. The North America region is predicted to witness profitable growth by 2033.
As per the report published by Research Dive, the global radiology services market was valued at $4.1 billion in 2023 and is expected to register a revenue of $14.0 billion by 2033 at a CAGR of 14.1% during the forecast period 2024-2033.
Dynamics of the Market
The growing prevalence of cancer, cardiovascular diseases, & neurological disorders, rising elderly population leading to higher demand for diagnostic imaging, and the increasing elderly population leading to higher demand for diagnostic imaging are expected to make the radiology services market a highly profitable one in the forecast period. Besides, increased public awareness about the benefits of early diagnosis & preventive care is expected to further boost market growth.
However, according to market analysts, high operational & maintenance costs and radiation exposure risks might restrain the growth of the market.
The integration of artificial intelligence & machine learning in radiology and innovation in portable & point-of-care imaging solutions present significant opportunities for radiology services market growth. Moreover, the rising focus on customized treatment plans using advanced imaging is predicted to drive market growth in coming years.
Key Players of the Market
The major players of the radiology services market include CodaMetrix, Siemens Healthineers, Enlitic Inc., DeepTek Inc., Coreline Soft, Philips Healthcare, DeepHealth, Inc., GE Healthcare, and TeleRay.
What the Report Covers
In addition to the details highlighted in this description, the comprehensive final report delves into essential market aspects. These encompass a market overview, SWOT analysis, market dynamics, Porter's five forces analysis, segmentation (key trends, regional analysis, and forecast analysis), and company profiles (including company overview, product portfolio, operating segments, strategic initiatives, and financial performance).
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)