Hospital Beds Market Scope, Demand and Research By Companies

 Hospital beds are equipment used by hospital chains to accommodate patients during their hospital stay. The beds differ according to quality and technology and assigned according to business models followed by major healthcare chains. The Americas hospital beds market report by Market Research Future studies the various market dynamics for the forecast period (2018–2023). It even considers the impact of the COVID-19 virus and its effects on the production process on the industry.

Hospital Beds Market Scope

The hospital beds market is expected to grow during the forecast period at a CAGR of ~7.6%. It is expected to expand owing to their need by patients. Establishment of medical facilities and centers to cater to the inflow of patients can bode well for the market. Prevalence of chronic diseases, injuries cases, and investments in healthcare are other prime drivers of the market. The large geriatric populace can work in favor of the market as they are susceptible to various diseases. According to the Population Reference Bureau, the number of Americans aged 65 and above is expected to reach an amount of 98 million by 2060.

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Technological innovations in ICU beds can revolutionize the market as patients look at safety and comfort during their hospital stay. The number of patients undergoing surgeries is expected to benefit the market as large healthcare chains look to capitalize on the trend and supply beds accordingly. In addition, the emergence of home care during the COVID-19 pandemic has triggered the requirement for comfortable beds.

Rising costs of specialty beds and low procurement capital of public hospitals can hamper market growth.

Hospital Beds Market Segmentation

The Americas hospital beds market has been segmented by type, automation, treatment, and end-user. The study encompasses opportunities and threats for each of the segment and its impact on the overall market.

By type, the Americas hospital beds market has been classified into general purpose beds, pressure relief beds, birthing beds, bariatric beds and pediatric beds, and others.

By automation, it is segmented into power hospital beds, manual hospital beds, and others. Power hospital beds are further divided into fully electric and semi-electric.

According to treatment, hospital beds are categorized into critical care, long-term care, and acute care.

End-users of the market include elderly care facilities, hospitals and clinics, nursing homes, maternity homes, and others.

Hospital Beds Market Regional Analysis

The Americas is likely to show a prominent growth in the hospital beds market during the forecast period market owing to prevalence of chronic diseases among the elderly, increase in the number of surgeries, the presence of a well-established healthcare system, government initiatives and favorable regulatory policies, medical reimbursement schemes, and adoption of highly advanced technology. 

Based on region, the Americas is divided into North America and South America. The North American region consists of the US and Canada. The presence of a well-established economy in North America is expected to contribute to the market growth. South America consists of Argentina, Brazil, Chile, and the rest of South America.

The North American region is likely to dominate the hospital beds market in the Americas due to sophisticated healthcare framework, modernization of infrastructure, and favorable policies. Major drivers include growing presence of hospitals and healthcare centers in the North American region, buyout of distressed small hospitals, increasing adoption of new technologies, and government initiatives for development of healthcare facilities can boost the regional hospital beds market growth. According to the Centers for Medicare and Medicaid Services (CMS), the majority of the population (around 90%) takes benefit of the insurance system and slashes the healthcare burden due to favorable reimbursement policies.

The South American region is also set for a windfall owing to the growing numbers of the middle class in Argentina, Colombia, Venezuela, and Chile. The improved purchasing power of corporations, disposable income levels of patients, and investments in healthcare infrastructure can positively impact the market.

Hospital Beds Market Competitive Outlook

Hospital bed manufacturers in the Americas market are Invacare Corporation, Paramount Bed Holdings Co., Arjo Huntleigh, Medline Industries, Hill-Rom Services, Inc., Span-America Medical Systems, Inc., Joerns Healthcare LLC., Savion Industries Ltd., Gendron, Inc., Stryker Corporation, LINET Group, and Joh. Stiegelmeyer GmbH & Co. KG.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Homeopathy Market Size : Industry Growth Factors, Applications, Growth Analysis, Key Players And Forecasts By 2023

 Homeopathy Market - Snapshot

Global Homeopathy mediucine Market is considered to demonstrate 14.60% CAGR during the forecast period (2017-2023) owing to the increasing need for alternative treatment, asserts Market Research Future (MRFR). Homeopathy is referred to as an alternative field of medicine which has been introduced by Samuel Hahnemann in the year 1796 and is considered one of the most alternative forms of medicine available today. Homeopathy works on the principle of similarity of symptoms which refers to a substance capable of causing an illness is also capable of curing it. Acclaimed and disapproved in equal measure, homeopathy is trusted by most of the users.

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Drivers and Constraints Impacting the Market

The global homeopathy market is considered to expand moderately owing to the augmenting need for alternate treatment methodologies for economical treatment and chronic diseases compare to other treatment protocols. As homeopathy is easy to use,effective&safe, and user friendly for all age groupsrightfrom pediatric to geriatric population, the demand for homeopathy is triggering during the assessment period. The growing prevalence rate of hair & skin ailments is further estimated to foster the market growth during the appraisal period. Homeopathy, according to the WHO, is the fastest-growing and second-most widely-used medicine system in the world. Moreover, with the rising concern of side effects and adverse effects of prolonged usage of allopathic medicines among patients have further resulted in the proliferating demand for homeopathy products across the globe.

On the flip side,lack of funding,misleading claims and false advertisingmade by homeopaths, negative opening and publicity against homeopathy medicine, poor awareness campaign in favor of homeopathy medicine, limited R&D in the field of homeopathy, are some of the major concerns considered to dampen the market growth during the appraisal period.

Global Homeopathy Market: Segmental Analysis

The global homeopathy market has been segmented on the basis of source,application,types, end user, and region.

By mode of type, the global homeopathy market has been segmented into tincture, dilutions, ointments, biochemics,tablets, and others. Among these, the dilutions segment is considered to register a substantially high CAGR during the assessment period as they are convenient to consume.

By mode of application, the global homeopathy market has been segmented intorespiratory, analgesic and antipyretic, immunology, neurology, dermatology, gastroenterology,and others. Among these, the immunology segment is considered to occupy the larger share in the global market.

By mode of source, the global homeopathy market has been segmented intoanimals, plants, and minerals. Among these, the plant segment is considered to account for the major share during the appraisal period.

By mode of end-users, the global homeopathy market has been segmented intohospitals, homeopathic clinic, e-retailer, retailer, research laboratories, and others.

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Regional Insights

Geographically, the homeopathy market spans across regions namely, Europe, Asia Pacific, America, and the Middle East & Africa.

Among all the regions, the European region is considered tooccupy the largest market share in the market owing to therising prevalence of chronic diseases, well developed technology, and increasing support from the government. For instance, as per the OECD, healthcare expenditure in Germany was EUR 321 billion in 2014, followed by France with an expenditure of EUR 237 billion. Healthcare organizations and peoplein this region are adoptingseveral alternative treatmentmethods, which has further propelled the market growth.

America occupies the second largest share due to the presence of patient population, high healthcare expenditure, well-developed technology, and presence of leading market players in this region. Moreover, people are health conscious which results in an increased healthcare expenditure.

The Asia Pacific region is considered the second fastest growing region in the homeopathy market. The growth is attributed to the rising need for better treatment methods, presence of huge patient population, and rapidly improving technology in this region.

On the other hand, the Middle East & African regionoccupy the least share but is presumed to be the fastest growing region due to the presence of slow but steady developing economies.

Industry Updates

January 04, 2019: Crowdfunding campaigns for homeopathic treatment of cancer are overpowering an American phenomenon and is considered to be highly successful, indicates a new study which has been published in the Lancet Oncology.

Competitive Dashboard

The prominent players operating the global homeopathy market are Boiron Group, Hyland, Nelson & Co Ltd, GMP Laboratories,Heel, HomeocanINC, Weleda, and others.

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Regional Growth On Ligation Devices Market Size, Share and Trends

Global Ligation Devices Market Report: By Product (Handheld Instruments, Accessories), Procedure (Minimally Invasive Surgery, Open Surgery), and Application (Gastrointestinal and Abdominal, Gynecological, Urological Applications)—Global Forecast till 2024

Ligation Devices Market Highlights

As per Market Research Future (MRFR) analysis, the global ligation devices market is estimated to register a CAGR of 6.7% from 2019 to 2024 (forecast period).

Ligation devices are used for closing incisions during surgeries or for connecting separate organ/tissue parts. The number of surgeries and laparoscopic procedures has increased in the last few years. According to the 2017 National Health Statistics Reports published by the Centers for Disease Control and Prevention, 48.3 million surgical/non-surgical procedures were performed in the United States in 2010. It is reported that surgeries are often reimbursed, thereby facilitating a wider pool of patients for producers.

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Ligation Devices Market Dynamics

Favorable reimbursement policies, rising health expenditures, and increasing research and development expenditure are expected to boost the market. As per the GI Endoscopy Coding and Reimbursement Guide published by Cook in 2017, procedures such as endoscopic retrograde cholangiopancreatography (ERCP) are covered by CPT code 43261 with an average facility payment of approximately USD 1.134.02.

However, it is projected that factors such as the high cost of surgery and related side effects would hinder the market growth.

Ligation Devices Market Segmentation

The global market for ligation devices has been segmented based on the product, procedure, application, end-user, and region.

Based on product, the global market for ligation devices has been segmented into handheld instruments and accessories.

Based on the procedure, the global market for ligation devices has been segmented into minimally invasive surgery and open surgery.

Based on application, the global market for ligation devices has been segmented into gastrointestinal and abdominal applications, cardiovascular applications, gynecological applications, urological applications, and others.

Based on the end-user, the global market for ligation devices has been segmented into hospitals & clinics, ambulatory surgical center, and others.

Ligation Devices Market Regional Analysis

Regionally, the global ligation devices market has been segmented into the Americas, Asia Pacific, Europe, the Middle East & Africa.

The Americas held the largest market share for ligation devices due to rising health expenditure and the growing prevalence of chronic diseases. As reported by the Centers for Disease Control and Prevention in 2018, coronary heart disease (CHD) has been estimated to be the most common type of heart disease in the U.S. and is expected to cause 370,000 heart disease per year.

Europe held the second position in the global market for ligation devices in 2018. It can be due to growing awareness, government funding, the production of technologically advanced medical devices, and the rising number of surgeries. However, stringent regulation is expected to hinder the growth of the global market for ligation devices over the forecast period.

The Asia Pacific was the fastest-growing region on the global market for ligation devices in 2018. Asia Pacific has an enormous market potential for the market for ligation devices. Factors such as increasing healthcare infrastructure, developing healthcare industries, increasing number of surgeries, and rising medical tourism are driving market growth in the region. Monash University stated that the bariatric surgery burden in Australia was burgeoning in 2015, and roughly 15,000 surgical procedures were carried out in the region in the same year. Moreover, the emergence of developing economies such as India and China are boosting the market.

The Middle East and Africa have had the least market share in the global market for ligation devices. Factors such as the existence of poor economies and low per capita income, particularly in the African region, make the market lag within the region. It is projected that the Middle East holds most of the regional market due to increased government funding in the healthcare sector and the presence of developed economies such as the United Arab Emirates, Saudi Arabia, and others.

Ligation Devices Market Key Players

Some of the significant participants in the global ligation devices market are Medtronic, Johnson & Johnson, Conmed Corporation, Teleflex Incorporated, B. Braun Melsungen AG, Olympus Corporation, Applied Medical Resources Corporation, The Cooper Companies, Inc., Grena Think Medical, Genicon, Inc., and others. 

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Covid19 Impact On Spirometry Market Size Is Expected To Witness Rapid Growth In The Forthcoming Period

Global Spirometry Market

Global Global Spirometry Market Research Report, by Product (Table-top Spirometry, Hand-held Spirometry, Desktop Spirometry), by Technology (PFM, Volume Measurement Spirometry, Flow Measurement Spirometry), by Application (Diagnostic, Treatment Monitoring), by End-user (Hospitals & Clinics, Home Care, Diagnostic Centers, Research & Academic Institutes), and Region - Forecast to 2023

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Overview:

The global Spirometry market is witnessing a significant rise in its revenues, mainly due to the rising occurrences of respiratory diseases such as asthma and COPD. Besides, the growing rate of diagnosis processes conducted for the detection of interstitial pulmonary fibrosis fosters the growth of the market. Moreover, the increasing exposure to risk factors and the ever-increasing population is driving a large share of the market.

Market Insights

According to the reports published by Market Research Future Reports, the global Spirometry Market size is probable to exhibit a 10.03% CAGR from 2018 to 2023 and is also on the verge to reach USD 1,106.76 million by 2023. Such a humongous market growth can be attributed to the strident rise in the cases of chronic obstructive pulmonary disorders (COPD) and asthma.

Spirometry is considered as a basic test, which is conducted by clinicians to estimate the status of lungs. It is an essential test for diagnosing asthma, COPD, and other breathing disorders.  Thus, spirometers are used to carry out the tests.

Global Spirometry Market: Drivers & Trends

The factors such as emerging chronic respiratory diseases globally, increasing global aging population, and technological shifts in spirometer devices toward smartphone-based data connectivity and analysis are expected to drive the global spirometry market exponentially during the forecast period. With that, emerging economies with growing industrialization are also contributing to driving the market with opportunities for the future in substantial ways.

More stimulating factors such as government initiatives to restrain smoking habits of people, focus on breathing diseases, rising levels of air pollution, and expanding awareness towards the adoption of spirometers at homes are noticeably auguring the global spirometry market growth. Even awareness of reimbursement policies among the public and clinicians are also projecting to be the drivers for patients towards taking these tests. On the flip side, the high costs of spirometers may act as a restrictive factor against the market and hinder the global spirometry market growth.

Furthermore, the rising geriatric population is also anticipating being the factors for the increase in the demand for spirometers to analyze respiratory patterns. The need for spirometers is also probable in the rise due to a high number of surgeries in hospitals and clinics. These factors are tremendously driving the global spirometry market to rise high at a higher CAGR in the years to come.

Segmental Overview

According to the reports published by MRFR, the global spirometry market has been segmented by product, technology, application, and end-user.

By the mode of products, the market includes table-top spirometry, hand-held spirometry, and desktop (PC) spirometry.

By the mode of technology, the market has been segmented into volume measurement spirometry, peak flow meters (PFM), and flow measurement spirometry.

By the mode of application, the spirometry market is segmented into diagnostic and treatment monitoring.

Moreover, by the mode of end-users, the market includes research & academic institutes, diagnostic centers, hospitals & clinics, and home care.

Regional Outlook

Geographically, the market of spirometry has covered some main regions such as Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

Among these, Asia Pacific is expected to register the highest CAGR for the market to proliferate during the forecast period. Growth of this market in the Asia Pacific region is driven mainly by the large population of the patient and a high prevalence of chronic respiratory diseases.

While North America has the largest market for spirometers owing to technological advancements, government regulations, rise in incidences of respiratory diseases, increasing healthcare expenditure, and improved healthcare infrastructure.

Key Players

In the end, here are the prominent players in the spirometry market, they are Carefusion Corporation (U.S.), NDD Medical Technologies, Inc. (U.S.), Nihon Kohden Corporation (Germany), MGC Diagnostics Corporation (U.S.), Vitalograph (U.K.), Schiller AG (Switzerland), COSMED srl (Italy), Hill-Rom Holdings, Inc. (U.S.), Midmark Corporation (U.S.), Smiths Medical Inc. (U.S.), and Koninklijke Philips N.V. (The Netherlands).

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At 9.86% CAGR, Healthcare CMO Market Size is Expected to Exhibit 2.50 Billion USD by 2023

Overview:

The healthcare contract manufacturing market is benefiting much from the growing demand for medicine supplies which is facing a severe crisis from the pending expiration of a lot of generic drugs. The market relies heavily on the outsourcing of the manufacturing process of drugs to contract manufacturers. From drug development to drug manufacturing, a comprehensive platform this healthcare contract manufacturing sector provides. The from drug development to drug manufacturing market is expecting a growth by 9.86% during the forecast period (2017-2023), claims Market Research Future (MRFR). The report ensures a detailed analysis of the segments and driving factors that can assist the market in growth over the review period. 

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Among the factors, patent expiration of several drugs can be deemed as one of the chief influencers that can foster the market growth during the forecast period. Emerging economies are demanding for greater percolation as the population boom in those countries have created scope for substantial market expansion. Drug manufacturers are also looking for significant contribution from these companies as number of drugs in the pipeline is getting piled up. Factors such as these are bound to boost the global from drug development to drug manufacturing market.

On the flip side, controlling third parties is quite complex which many manufacturers prefer to avoid. At the same time, clinical trials are becoming more exhaustive and tangled which can deter the healthcare contract manufacturing market from having the expected growth rate over the review period.

he growth of contract manufacturing market for healthcare across the globe. A big patent cliff is occurring worldwide, especially in the pharmaceutical industry, in the healthcare sector.

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The patent cliff will lead to cheaper generic versions on the market , increasing demand for CMOs. Thus, the expiration of patent protection for major prescription drugs and the increasing demand for generic drugs are likely to enhance the growth of CMOs globally. In the other hand, the uncertainty of the supply chain and third party management problems and standardization and interoperability concerns are anticipated to impede business growth over the projected period.

Healthcare Contract Manufacturing Market Segmental Overview

The global market for healthcare contract manufacturing has been analyzed on the basis of service type, type, and lastly, industry.

The type-based segmentation of the global Healthcare CMO market comprises of sterile and non-sterile.

The service-based segmentation of the global CMO market comprises pharmaceutical industry, medical device industry, and biopharmaceutical industry.

The industry-based segmentation of the global CMO market comprises medical device industry, pharmaceutical industry, and biopharmaceutical industry. Due to the rampant growth of the global medical device industry, the segment of medical devices led the market in 2016 by holding 43.7 per cent market revenue share.

Healthcare Contract Manufacturing Market Regional Summary

The global healthcare contract manufacturing market, based on region, is segmented into the Americas, Europe , Asia-Pacific, and Middle East & Africa.

Driven by the presence of major pharmaceutical drug manufacturers, thriving pharmaceutical industry and leading medical device companies in the US and Canada, the Americas currently dominates the global healthcare contract manufacturing market.

Generic drug companies are the main customer base of contract manufacturers in Europe, contributing to the growth of the European CMO market. Important factors influencing European market growth include the presence of major manufacturers, Increase in the biopharmaceutical sector , government support for R&D, increased disposable income and the availability of technologically advanced products.

Asia-Pacific should record a comparatively higher CAGR over the forecast period. Countries like China and India continue to draw significant amounts of outsourcing work from developed countries due to factors such as large-scale production capacity , low labor costs , low cost of raw materials and low cost of manufacturing. Besides that, some of the key factors driving demand growth include rising healthcare spending, increasing manufacturers' R&D funding, and moreover multinational medical device manufacturers seeking opportunities in the region and expanding their presence in the region. The changing regulatory landscape of medical devices has been a concern for the region's contract-manufacturing healthcare market.

The Middle East & Africa contributes least to the global contract manufacturing market in the healthcare sector. The growing development of the medical sector in the Middle Eastern countries, increased R&D spending and the expansion of multinational companies in the region also influence market growth.

Healthcare Contract Manufacturing Market Competitive Dynamics

The eminent players in the global healthcare contract manufacturing market are Lonza AG, Boehringer Ingelheim, Grifols International, S.A, Catalant, Aesica Pharmaceuticals, AbbVie, Benchmark Electronics, Evonik Industries, Flex Ltd, Teva Pharmaceutical Industries, Forefront Medical Technologies, Hamilton Company, Sanmina Corporation, Mylan, Patheon, and Vetter Pharma International.

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Industry Update

August 2020 - BioStem Technologies, Inc., a leading life sciences company specializing in the development and sale of perinatal tissue-based allografts for use in regenerative therapies, announced that its subsidiary, Blue Tech Industries, Inc. signed a Master Service Agreement with a new customer to manufacture the customer’s amniotic membrane platform for the next two years, in a deal estimated to be worth up to USD 2.4 million to BioStem.

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Neurovascular Devices Market Moving toward 2026 with new procedures | MRFR

 Overview:

The global market for neurovascular devices is witnessing a substantial backing from the growing investment in the healthcare sector. During the forecast period from 2018 to 2023, the market is expected to show impressive growth. Market Research Future (MRFR) points out several factors like favorable reimbursement policies, growing demand for minimally-invasive surgeries, and competitive landscape that promotes mergers, acquisitions, and other strategic methods. The market is also expected to gain from the technological evolution and easy incorporation of those technologies. However, the price of the product can be a restraining factor for the neurovascular devices market. 

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Segmentation:

The global neurovascular devices market has been segmented on the basis of therapeutic application, product, and end-user. These segments have been studied in detail to provide better insights with proper backing from factors and data analyses. 

By product, the report on the market includes neuro thrombectomy devices, cerebral balloon angioplasty, support device, aneurysm coiling & embolization devices, and stenting systems. The aneurysm coiling & embolization devices segment comprises flow diversion devices, embolic coils, and liquid embolic. The embolic coils segment includes detachable coils and pushable coils. The neuro thrombectomy devices segment has been segmented into retrieval systems, and suction & aspiration devices. The support device segment encompasses a study of microcatheters and microguidewires. The cerebral balloon angioplasty and stenting systems segment have been segmented on the basis of carotid artery stents and embolic protection systems. The embolic protection systems segmented includes balloon occlusion devices and distal filter devices. 

By therapeutic application, the study on the neurovascular devices market can be segmented into hemorrhagic stroke and ischemic strokes. 

By end-users, the study comprising details of the neurovascular devices market has been segmented into hospitals & clinics, and ambulatory surgical units. The hospitals and clinics segment is expecting better traction in the coming years. 

Regional Analysis:

 North America is leading the market from the front as its infrastructural superiority is boosting its market presence substantially. The regional market has better expenditure capacity owing to the presence of countries like the US and Canada. Investment for research and development is also getting backed properly. In Europe, government support to improve the healthcare system is expected to boost the market. The Asia Pacific region would profit from contributions of countries like India, China, South Korea, Singapore, and others where the healthcare sector is witnessing a proper influx of investments.  

Competitive Landscape:

The global market for neurovascular devices market is witnessing steady growth on the basis of support from companies like Johnson & Johnson Services, Inc., TERUMO CORPORATION, Stryker, Medtronic, Medikit co., ltd., Penumbra, Inc., Evasc, Abbott, Merit Medical Systems, Inc., Rapid Medical, Secant Group, LLC, MicroPort Scientific Corporation, OxfordEndovascular, Sensome, Neuravi, W. L. Gore & Associates, Inc., LLC., Delaware Corporation, Blockade Medical, and Gynesonics. These companies have gained significant traction from various tactical moves that they have implemented. For instance, their contributions in the mergers, acquisitions, and joint ventures have yielded better results. These companies are also investing much in innovations and spending notable amounts in research and development projects. 

 

Industry News:

 The global market for neurovascular devices is getting hit by the recent outbreak of COVID-19. This is because all the major hospitals are now primarily with treating coronavirus patients and they are postponing any kind of elective surgeries. Various segments of hospitals are functioning in a sluggish manner to accommodate more COVID-19 patients. Coming out of such an extensive impact is no easy task and the market may find itself in dire conditions in the coming few months. 

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

 

Diagnostic Imaging Services Market Trends. Outlook and Demand

Diagnostic Imaging Services Market Research Report: by Procedure (Computed Tomography, MRI, X-ray), by Application (Neurology, Oncology, Cardiology), By Service Provider (Diagnostic centres) - Global Forecast Till 2023

Market Highlights

The Global diagnostic imaging services market is projected to grow at a CAGR of 8.2% over the forecast period. In recent years, diagnostic imaging services improved their efficiency and accuracy for the of various acute and chronic diseases including cardiovascular diseases and cancer. The increasing prevalence of geriatric population and subsequent growth in the incidence of cardiac, and neurological diseases including cancer, growing government funding’s for development of medical diagnostics field, and the on-going technological advancements in imaging services are some factors that are anticipated to drive the market growth during the assessment period.  Additionally, increasing demand for diagnostic imaging devices and development expenditure by the government as well as private sector is likely to contribute to the market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. However, high cost of diagnostic imaging devices and unfavorable reimbursement policies may hamper the market growth during the assessment period.

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Segmentation

The Global diagnostic imaging services market has been segmented into procedure, application, and service provider.

By procedure, the market has been segmented into X-ray, Computed Tomography, Ultrasound, MRI (Magnetic Resonance Imaging), Nuclear Imaging, Radiography and others. The procedure segment is estimated to hold major market share in the global diagnostic imaging services market due to the rising R&D activities in the medical diagnostics field.

On the basis of application, the global diagnostic imaging services market has been segmented into Neurology, Cardiology, Oncology, Musculoskeletal and others.

The Global diagnostic imaging services market, by service provider, has been segmented into Clinics & Hospitals, Diagnostic centers, Research laboratories and others.

Key Players

Some of the prominent players in the global diagnostic imaging services market are Center for Diagnostic Imaging (CDI), Medquest Associates Inc./Novant Health, Simonmed/Dignity Health, Touchstone Imaging, Alliance Medical, Medica Group, Sonic Healthcare, Global Diagnostics, Consensys Imaging Service, Inc., Progressive Radiology, Concord Medical Services Holdings Limited, Alliance Healthcare Services, InHealth Group and others. 

Regional Analysis

On regional basis, the Americas is anticipated to dominate the global diagnostic imaging services market owing to the growing clinical R&D budgets by both government as well as public and private organizations in diagnostic imaging modalities and increasing adoption of advanced technologies in the region.  Additionally, rising prevalence of geriatric population along with various chronic diseases is contributing the growth of this market. According to a report by Population Reference Bureau, the number of older population (aged 65 and above) will rise to nearly 24% from 15% by 2060. Europe is expected to hold the second largest position in the global diagnostic imaging services market owing to the presence of strong academic & research base and availability of funding for research in the European countries. Moreover, rising healthcare expenditure and awareness among people for detection of diseases is boosting the market in this region. The Asia-Pacific region is anticipated to be fastest growing region is due to rising demand for imaging devices, good quality healthcare infrastructure and incidence of major key players for growth and development in this region. The Middle East & Africa has the least share of the global diagnostic imaging services market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the increasing government initiatives for the healthcare sector.

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