Market Overview:
The global medical imaging outsourcing market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for diagnostic and therapeutic services, rising incidence of chronic diseases, and growing awareness about advanced medical technologies. The global medical imaging outsourcing market is segmented on the basis of type into computed tomography (CT), magnetic resonance imaging (MRI), positron emission tomography (PET), and others. The MRI segment is expected to account for the largest share of the global medical imaging outsourcing market in 2018 owing to its high usage in diagnostics and therapeutics. On the basis of application, the cardiology segment is expected to account for the largest share of the global medical imaging outsourcing market in 2018 followed by diagnostic Imaging and orthopedic segments.
Product Definition:
Medical Imaging Outsourcing is the process of contracting with a third party to provide medical imaging services. This can include services such as X-ray, MRI, and CT scans. The importance of Medical Imaging Outsourcing can vary depending on the organization. Some may outsource in order to save money, while others may outsource in order to improve their quality of care.
Computed Tomography (CT):
Computed tomography is a diagnostic medical procedure that utilizes X-rays to obtain detailed information about the structure of various parts of the human body. Computed tomography is an advanced version of radiography and includes features such as excellent soft tissue contrast, limited exposure to radiation, and low dose radiation. CT can provide three-dimensional images of the internal organs as well as bone structures with reduced risk associated with radiation exposure compared to conventional X-ray procedures.
Magnetic Resonance Imaging (MRI):
Magnetic resonance imaging (MRI) is an advanced diagnostic medical technology that uses magnetic fields and radio waves to produce images of body tissues. MRI scans are painless, require no ionizing radiation, and can provide high-resolution 3D images. The increasing prevalence of chronic diseases such as cancer, cardiovascular disorders & neurological problems along with the rising geriatric population is expected to boost the demand for MRI systems in near future.
Application Insights:
The cardiology segment dominated the global medical imaging outsourcing market in 2017. This is owing to factors such as rising prevalence of cardiac disorders, technological advancements for better image quality and volume, and an increase in demand for advanced healthcare services. For instance, according to the American Heart Association (AHA), around 1 of every 3 deaths are caused by cardiovascular diseases in the U.S., making it the leading cause of death among both men and women.
MRI is widely used for diagnostic testing due to its ability to provide detailed images of soft tissue structures with high spatial resolution than that provided by CT or x-ray films/images; this includes injuries & trauma as well as internal injuries sustained from car accidents or violence etc., The increasing number of road traffic accidents worldwide has led authorities across countries to focus on safety concerns regarding drivers¢â‚¬â„¢ behavior behind the wheel which may result into increased demand for MRI solutions over CTs or x-rays etc.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of service providers and favorable reimbursement policies are some factors contributing to its growth. In addition, the high adoption rate of advanced technologies and increasing demand for advanced medical imaging services are also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising healthcare expenditure, improving infrastructure facilities in rural as well as urban areas, growing patient awareness levels coupled with an increase in disposable income is anticipated to boost medical imaging services demand across this region which will subsequently drive outsourcing business over next eight years (from 2018–2030). Moreover, economic development along with improvement in healthcare infrastructure has led Asia Pacific countries such as India and China into competition against each other for attracting foreign investments that would lead towards higher revenue generation from international players operating within this industry thereby driving overall regional market share during same period (2018-2030).
Growth Factors:
- Increasing demand for medical imaging services due to the growth in the number of diagnostic and therapeutic procedures.
- Rising incidence of chronic diseases and other lifestyle-related disorders, which is leading to an increase in the demand for medical imaging services.
- Technological advancements in medical imaging equipment that are making these devices more efficient and accurate, thereby increasing their adoption rates across healthcare facilities.
- Growing preference for outsourced medical imaging services among healthcare providers owing to cost-efficiencies and improved quality of care offered by such service providers.
- Proliferation of private clinics and hospitals that are increasingly outsourcing their radiology needs to third-party service providers, thus contributing to the growth of the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Imaging Outsourcing Market Research Report
By Type
Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET)
By Application
Cardiology, Diagnostic Imaging, Orthopedic, Diagnostic Testing Systems, Drug Delivery, Diabetes Care, Others
By Companies
Alliance Medical, Flatworld Solutions Pvt. Ltd., MetaMed, North American Science Associates, Inc., Covance Inc., Charles River, Laboratory Corporation of America Holdings, RadNet, Inc., Shields MRI, ProScan Imaging, LLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Medical Imaging Outsourcing Market Report Segments:
The global Medical Imaging Outsourcing market is segmented on the basis of:
Types
Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cardiology, Diagnostic Imaging, Orthopedic, Diagnostic Testing Systems, Drug Delivery, Diabetes Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alliance Medical
- Flatworld Solutions Pvt. Ltd.
- MetaMed
- North American Science Associates, Inc.
- Covance Inc.
- Charles River
- Laboratory Corporation of America Holdings
- RadNet, Inc.
- Shields MRI
- ProScan Imaging, LLC
Highlights of The Medical Imaging Outsourcing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Computed Tomography (CT)
- Magnetic Resonance Imaging (MRI)
- Positron Emission Tomography (PET)
- By Application:
- Cardiology
- Diagnostic Imaging
- Orthopedic
- Diagnostic Testing Systems
- Drug Delivery
- Diabetes Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Imaging Outsourcing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical imaging outsourcing is the process of contracting with a third-party company to provide medical imaging services. This can include everything from scanning patientsu2019 bodies to creating digital images and videos for doctors to use in their diagnoses. Outsourcing medical imaging services can save hospitals and physicians time and money, while providing high-quality images that are accurate and up-to-date.
Some of the major players in the medical imaging outsourcing market are Alliance Medical, Flatworld Solutions Pvt. Ltd., MetaMed, North American Science Associates, Inc., Covance Inc., Charles River, Laboratory Corporation of America Holdings, RadNet, Inc., Shields MRI, ProScan Imaging, LLC.
The medical imaging outsourcing market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Imaging Outsourcing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Imaging Outsourcing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Imaging Outsourcing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Imaging Outsourcing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Imaging Outsourcing Market Size & Forecast, 2018-2028
4.5.1 Medical Imaging Outsourcing Market Size and Y-o-Y Growth
4.5.2 Medical Imaging Outsourcing Market Absolute $ Opportunity
Chapter 5 Global Medical Imaging Outsourcing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Imaging Outsourcing Market Size Forecast by Type
5.2.1 Computed Tomography (CT)
5.2.2 Magnetic Resonance Imaging (MRI)
5.2.3 Positron Emission Tomography (PET)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Imaging Outsourcing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Imaging Outsourcing Market Size Forecast by Applications
6.2.1 Cardiology
6.2.2 Diagnostic Imaging
6.2.3 Orthopedic
6.2.4 Diagnostic Testing Systems
6.2.5 Drug Delivery
6.2.6 Diabetes Care
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Imaging Outsourcing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Imaging Outsourcing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Imaging Outsourcing Analysis and Forecast
9.1 Introduction
9.2 North America Medical Imaging Outsourcing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Imaging Outsourcing Market Size Forecast by Type
9.6.1 Computed Tomography (CT)
9.6.2 Magnetic Resonance Imaging (MRI)
9.6.3 Positron Emission Tomography (PET)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Imaging Outsourcing Market Size Forecast by Applications
9.10.1 Cardiology
9.10.2 Diagnostic Imaging
9.10.3 Orthopedic
9.10.4 Diagnostic Testing Systems
9.10.5 Drug Delivery
9.10.6 Diabetes Care
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Imaging Outsourcing Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Imaging Outsourcing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Imaging Outsourcing Market Size Forecast by Type
10.6.1 Computed Tomography (CT)
10.6.2 Magnetic Resonance Imaging (MRI)
10.6.3 Positron Emission Tomography (PET)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Imaging Outsourcing Market Size Forecast by Applications
10.10.1 Cardiology
10.10.2 Diagnostic Imaging
10.10.3 Orthopedic
10.10.4 Diagnostic Testing Systems
10.10.5 Drug Delivery
10.10.6 Diabetes Care
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Imaging Outsourcing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Imaging Outsourcing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Imaging Outsourcing Market Size Forecast by Type
11.6.1 Computed Tomography (CT)
11.6.2 Magnetic Resonance Imaging (MRI)
11.6.3 Positron Emission Tomography (PET)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Imaging Outsourcing Market Size Forecast by Applications
11.10.1 Cardiology
11.10.2 Diagnostic Imaging
11.10.3 Orthopedic
11.10.4 Diagnostic Testing Systems
11.10.5 Drug Delivery
11.10.6 Diabetes Care
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Imaging Outsourcing Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Imaging Outsourcing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Imaging Outsourcing Market Size Forecast by Type
12.6.1 Computed Tomography (CT)
12.6.2 Magnetic Resonance Imaging (MRI)
12.6.3 Positron Emission Tomography (PET)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Imaging Outsourcing Market Size Forecast by Applications
12.10.1 Cardiology
12.10.2 Diagnostic Imaging
12.10.3 Orthopedic
12.10.4 Diagnostic Testing Systems
12.10.5 Drug Delivery
12.10.6 Diabetes Care
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Imaging Outsourcing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Imaging Outsourcing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Imaging Outsourcing Market Size Forecast by Type
13.6.1 Computed Tomography (CT)
13.6.2 Magnetic Resonance Imaging (MRI)
13.6.3 Positron Emission Tomography (PET)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Imaging Outsourcing Market Size Forecast by Applications
13.10.1 Cardiology
13.10.2 Diagnostic Imaging
13.10.3 Orthopedic
13.10.4 Diagnostic Testing Systems
13.10.5 Drug Delivery
13.10.6 Diabetes Care
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Imaging Outsourcing Market: Competitive Dashboard
14.2 Global Medical Imaging Outsourcing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alliance Medical
14.3.2 Flatworld Solutions Pvt. Ltd.
14.3.3 MetaMed
14.3.4 North American Science Associates, Inc.
14.3.5 Covance Inc.
14.3.6 Charles River
14.3.7 Laboratory Corporation of America Holdings
14.3.8 RadNet, Inc.
14.3.9 Shields MRI
14.3.10 ProScan Imaging, LLC
