Medical Imaging Outsourcing Market Size, Share 2022: Emerging Technologies, Sales Revenue, Key Players Analysis, Development Status, Growth Opportunity Assessment and Industry Expansion Strategies

Kenneth Research has recently added a report titled Medical Imaging Outsourcing Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medical Imaging Outsourcing Market products.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Medical Imaging Outsourcing Market is valued approximately USD 6.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2020-2027. Medical imaging is an integral diagnostic device used for advanced medical treatment. The consistent interpretation of medical imaging is extremely important for the diagnosis of diseases. It also offers excellence diagnostic support and facilitates in getting critical treatment decisions. Though, the deployment of medical imaging devices involved high cost, several healthcare organizations and medical facilities are outsourcing medical imaging services to third party vendors. The medical imaging outsourcing not only helps in cost-saving, although address the concern of timely treatment of diseases among patients. Further, increasing prevalence of chronic diseases such as cancer etc. due to growing elderly population, rise in demand for advanced medical imaging products, and technological enhancements in the imaging services are the few factors responsible for the high CAGR of the market during the forecast period.

According to the International Agency for Research on Cancer (IARC), there were around 9.5 million cancer deaths and 17.0 million new cancer cases were registered around the world in 2018. Also, the global burden of cancer is expected to grow to almost 16.3 million cancer deaths and 27.5 million new cancer cases by the year 2040. This, in turn, is expected to promote the demand for medical imaging outsourcing services around the world. The outbreak of COVID-19 crisis has led to rise in demand for medical imaging technologies such as Computed Tomography, as several radiologists concluded that these technologies used as a primary screening tool for COVID-19. Therefore, this factor can create lucrative opportunities for medical imaging outsourcing agencies to screening patients with COVID-19, which may influence the growth of the market in the near future. However, the shortage of skilled radiologists impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Medical Imaging Outsourcing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising healthcare expenditure and the presence of well-developed healthcare infrastructure in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing perveance of chronic conditions such as cancer, cardiovascular diseases etc., and improving healthcare infrastructure would create lucrative growth prospects for the medical imaging outsourcing market across Asia-Pacific region.

Major market player included in this report are:
Alliance Medical
Flatworld Solutions Pvt. Ltd.
North American Science Associates, Inc.
Covance Inc.
Charles River Laboratories, Inc.
Laboratory Corporation of America Holdings
RadNet, Inc.
Shields MRI
ProScan Imaging, LLC

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Computed Tomography (CT)
Magnetic Resonance Imaging (MRI)
Positron Emission Tomography (PET)

By Application:
Diagnostic Imaging
Diagnostic Testing Systems
Drug Delivery
Diabetes Care

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Medical Imaging Outsourcing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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