What is Radiology Services Market?
The radiologist is doctors who have done applicable post-graduate and understands medical images. Radiology services are costly due to this many regional governments have taken initiatives to make to it affordable for the people. For instance, the National Health Service (NHS) has provided more than 39 million diagnostic imaging tests in 2016. Additionally, the growing development of healthcare infrastructure due to increasing healthcare expenditure is supplementing overall growth of the market. An emergence of thin client 3D viewers in radiology services can create a new opportunity in the operating market. However, high risk of weighing the radiation and lack of awareness about radiology services among people are the factors that have been limiting the market.
The market study is being classified by Type (Stationary Digital Radiology Systems (Ceiling-Mounted Systems, Floor-To-Ceiling Mounted Systems) and Portable Digital Radiology Systems (Handheld Radiology Systems, Mobile Radiology Systems)), by Application (Cardiovascular Imaging, Chest Imaging, Dental Imaging, Mammography Imaging, Orthopedic Imaging and Others) and major geographies with country level break-up.
Siemens Healthcare (Germany), 4ways Healthcare Limited (United Kingdom), Global Diagnostics Ltd (United Kingdom), Virtual Radiologic (United States), Human Spectra AB (Sweden), Onrad, Inc. (United States), Cybernet Medical Corporation (United States), Telediagnostics Services Pvt. Ltd. (India), Everlight Radiology (Australia) and RamSoft, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Radisphere National Radiology Group, Inc. (United States), Medica Reporting Ltd. (United Kingdom) and Telemedicine Clinic (India).
The Players having a strong hold in the market are Siemens Healthcare, 4ways Healthcare Limited, Global Diagnostics Ltd, Virtual Radiologic, Human Spectra AB. Research Analyst at AMA predicts that European and United States Players will contribute to the maximum growth of Global Radiology Services market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Radiology Services market by Type, Application and Region.
On the basis of geography, the market of Radiology Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Development of Healthcare Infrastructure due to Increasing Healthcare Expenditure
- The convenience of Compensation for Radiology Process in Many Countries Such As Japan, United States, China and Others
- An Emergence of 3D Technologies such as thin client 3D viewers in Radiology Services
- Lack of Awareness about Radiology Services among People
- Lack of Medical Infrastructure in Many Geographical Regions
- Continuously Increasing Research and Development Activities in Tele Radiology
- Increasing Aging Population results in Growing Chronic Diseases
- High Risk of Weighing the Radiation
On May 14, 2019, a leading global health technology company "Royal Philips", has signed a 10-year strategic partnership agreement with Rutherford Diagnostics. This collaboration will utilize Philips innovative radiology technology and Rutherford Diagnostics’ healthcare expertise to deliver and operate advanced personalized diagnostic services through a network of community diagnostic centers, driving the best possible healthcare outcomes for patients. Rutherford Diagnostics is a subsidiary of Proton Partners International which operates diagnostic and cancer centers across the United Kingdom.
The Atomic Energy (Radiation Protection) Rules, 2004 [AE(RP)R-2004], promulgated under the Atomic Energy Act, 1962, provides the legal framework for the safe handling of radiation generating equipment (in this context - X-ray equipment). As per Rule 3 of AE(RP)R-2004 it is mandatory for all the manufacturers/Suppliers/Users of x-ray equipment, to obtain requisite ‘Licence’ from AERB for carrying out any of the above activities. To facilitate online submission of applications for various regulatory consents, AERB has launched e-governance application e-LORA (e-Licensing of Radiation Applications) System. All the Manufacturers/Suppliers/Service Agencies and X-ray institutions are required to obtain all the requisite consents from AERB through e-LORA. Detailed guidelines for all the stakeholders are available on homepage of eLORA.
Key Target Audience
Radiology Service Providers, Government Associations, Non-Governmental Organization, Technology Investors and Others