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
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 4,169.0 Million |
| Market Size by 2027 | US$ 5,848.2 Million |
| CAGR (2019 - 2027) | 3.9% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Service Type
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Regions and Countries Covered
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| United States | |
| Market leaders and key company profiles |
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The US Medical Imaging Equipment Services Market is valued at US$ 4,169.0 Million in 2018, it is projected to reach US$ 5,848.2 Million by 2027.
As per our report US Medical Imaging Equipment Services Market, the market size is valued at US$ 4,169.0 Million in 2018, projecting it to reach US$ 5,848.2 Million by 2027. This translates to a CAGR of approximately 3.9% during the forecast period.
The US Medical Imaging Equipment Services Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the US Medical Imaging Equipment Services Market report:
The US Medical Imaging Equipment Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The US Medical Imaging Equipment Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the US Medical Imaging Equipment Services Market value chain can benefit from the information contained in a comprehensive market report.
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