How Has The Mobile Imaging ServicesMarket Size Evolved In Recent Years?
The mobile imaging services market has seen considerable growth due to a variety of factors.
• In recent times, there has been significant growth in the market size of mobile imaging services. It is projected to rise from $19.13 billion in 2024 to reach $20.2 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.6%.
The impressive growth in the past years can be linked to factors such as the aging population, cost-effectiveness, emergency medical services, disease screening initiatives, management of chronic diseases, and regulatory structures.
What Is The Projected Growth Of The Mobile Imaging Services Market?
The mobile imaging services market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the mobile imaging services market is predicted to witness substantial growth, potentially reaching a value of $27.6 billion in 2029, with a compound annual growth rate (CAGR) of 8.1%.
This anticipated growth during the forecast period may be a result of factors such as the enhancement of rural healthcare, telehealth services expansion, global health schemes, control of infectious diseases, and point-of-care testing. Key trends expected to shape this market during the forecast period include the incorporation of artificial intelligence (AI), heightened data security, technological progression, remote monitoring, and the use of point-of-care ultrasound.
What Are The Key Drivers Fueling Growth In The Mobile Imaging Services Market?
The escalating occurrence of chronic illnesses like cancer, cardiovascular, and neurological disorders anticipates fueling the expansion of the mobile imaging services market within the projected timeframe. Chronic ailments are long-lasting health challenges without a cure. These conditions persist for over a year and constantly call for medical intervention or otherwise hinder daily life activities. Vaccines or medicines generally cannot prevent or cure these diseases. Around the world, chronic diseases are the leading causes of mortality and disability, with rates of these conditions increasingly spreading across all regions and impacting all social and economic classes. Mobile imaging services enable healthcare providers to execute various essential screenings utilizing imaging technologies like X-Ray, EKG, and ultrasound. For example, according to United Nations, the percentage of total global deaths due to chronic diseases is projected to rise to 70% by 2030. Hence, the surging occurrence of chronic illnesses stimulates the growth of the mobile imaging services market.
What Are The Principal Market Segments In The Global Mobile Imaging Services Industry?
The mobile imaging services market covered in this report is segmented –
1) By Product Type: X-ray, Ultrasound, CT, MRI, Mammography, Bone Densitometry
2) By End User: Hospitals And Private Clinics, Home Healthcare Providers, Rehabilitation Centers, Geriatric Care And Hospice Agencies, Sports Organizations, Other End Users
Subsegments:
1) By X-ray: Portable X-ray Machines, Digital X-ray Systems
2) By Ultrasound: Portable Ultrasound Devices, Point-of-Care Ultrasound Systems
3) By Computed Tomography (CT): Mobile CT Scanners, Helical CT Scanners
4) By Magnetic Resonance Imaging (MRI): Mobile MRI Systems, Open MRI Systems
5) By Mammography: Mobile Mammography Units, Digital Mammography Systems
6) By Bone Densitometry: Portable Bone Densitometers, Dual-Energy X-ray Absorptiometry (DXA) Scanners
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Which Emerging Market Trends Are Altering The Mobile Imaging Services Sector?
The emerging trend in the mobile imaging services market is the increasing prevalence of strategic collaborations and acquisitions. To maintain competitiveness and drive innovation, key market players are focusing on collaborations and acquisitions. For example, in April 2023, Photonis, a manufacturing entity of electro-optical detection and imaging systems in France geared towards the defense and industrial sectors, confirmed its intention to acquire Telops, a Canadian company that specializes in creating high-performance imaging systems and infrared cameras. This merger aims to offer distinctive high-end imaging products to their B2B customers by leveraging component manufacturing, extensive geographical coverage, and advanced technological expertise.
Who Are the Key Players in the Mobile Imaging Services Market?
Major companies operating in the mobile imaging services market include:
• Accurate Imaging Inc.
• Alliance HealthCare Services Inc.
• Axiom Mobile Imaging
• Carestream Health
• Center for Diagnostic Imaging Inc.
• Cobalt Health
• DMS Health Technologies Inc.
• Front Range Mobile Imaging Inc.
• Imaging On Site Inc.
• InHealth Group Limited
• Interim Diagnostic Imaging LLC
• Jacksonville Mobile Imaging Services Inc.
• Nuffield Health
• Digirad Corporation
• TridentUSA Health Services
• Atlantic Medical Imaging Inc.
• Insights Health Services Corp.
• RadNet Inc.
• Akumin Inc
• RAYUS Radiology
• Atlantic Mobile Imaging
• MD Laboratory
• MobilexUSA
• Medica Reporting Ltd.
• Mediscan Diagnostic Services
• Mobile Imaging Diagnostics
• Premier Diagnostic Services
• Radiology Imaging Solutions
• Rapid Radiology
• Shields Health Solutions
• SimonMed Imaging
• Touchstone Imaging
What are the Regional Insights into the Mobile Imaging Services Market?
North America was the largest region in the mobile imaging services market in 2024. The regions covered in the mobile imaging services market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
