Global Radiology Market Size, Trends, and Growth Opportunity, By Type (Interventional Radiology, Diagnostic Radiology), By Services (Fusion Imaging, X-Rays, Ultrasound, Computed Tomography (CT), Nuclear Medicine, Positron Emission Tomography (PET), Magnetic Resonance Imaging (MRI), By End-Users (Hospitals, Diagnostic Centers and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Global Radiology Market
Market Drivers
The increasing demand for low-cost, advanced, cloud-based medical imaging services and the rise in the number of medical images coupled with a shortage of skilled radiologists act as major factors for the growing market during the forecast period.
The rising prevalence of chronic disorders increases the demand for radiology as a service and the growing aging population propels the growth of the market. Furthermore, the expanding healthcare sector and the rising penetration of advanced technologies fuel the growth of the market.
Market Restraints
The high initial investment cost hinders the growth of the market.
Furthermore, the shortage of skilled professionals and lack of trained healthcare facilities restrains the growth of the global Radiology market.
COVID-19 Impact on Radiology Market
The outbreak of covid-19 significantly impacted the market as restrictions and lockdowns were imposed by the government and production was disrupted due to a limited workforce and the decrease in radiological imaging hospital visits by patients due to fear of contracting the virus. However, the pandemic raise the demand for online medical services like teleradiology, and the increasing demand for computed tomography scanners has driven the market during the pandemic.
Impact of Russia Ukraine War on the Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the radiology market:
Disruptions in the supply chain: Many Radiology manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting radiology production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as the demand for radiology in the region.
Market Segmentation
The Global Radiology Market is segmented on the basis of Type, Services, End Use, and Region. Based on Type, it is segmented into Interventional Radiology, Diagnostic Radiology. Based on Services, it is segmented into Fusion Imaging, X-Rays, Ultrasound, Computed Tomography (CT), Nuclear Medicine, Positron Emission Tomography (PET), and Magnetic Resonance Imaging (MRI). Based on the End Use, it is segmented into Hospitals, Diagnostic Centers, and Others. On the basis of Region, it is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Analysis
North America is likely to dominate the market over the forecast period owing to the increasing demand for digitization along with rising awareness among the people regarding the benefits of advanced treatments within the region in this region.
Asia Pacific is also anticipated to witness substantial growth because of the rising demand for advanced healthcare systems among the aging population, rising incidences of chronic diseases, and the developing healthcare infrastructure in this region.
Key Players
Various key players are listed in this report such as General Electric, Siemens, Koninklijke Philips NV, Agfa-Gevaert NV, Canon Medical Systems Corporation, Hitachi Ltd, Carestream Health, F. Hoffmann-La Roche Ltd, Axis-Shield Diagnostics Ltd, FUJIFILM Holdings Corporation, Cerner Corporation, Shenzhen Mindray Bio-Medical Electronics Co Ltd, Planmed Oy, Shimadzu Corporation, Allscripts Healthcare LLC.
Market Taxonomy
By Type
• Interventional Radiology
• Diagnostic Radiology
By Services
• Fusion Imaging
• X-Rays
• Ultrasound
• Computed Tomography (CT)
• Nuclear Medicine
• Positron Emission Tomography (PET)
• Magnetic Resonance Imaging (MRI)
By End-Users
• Hospitals
• Diagnostic Centers
• Others
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Radiology Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Radiology Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Radiology Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Radiology Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Radiology Market Share Analysis, By Type
5.3 Radiology Market Size and Forecast, By Type
5.3.1 Interventional Radiology
5.3.2 Diagnostic Radiology
6 Radiology Market, By Services
6.1 Y-o-Y Growth Comparison, By Services
6.2 Radiology Market Share Analysis, By Services
6.3 Radiology Market Size and Forecast, By Services
6.3.1 Fusion Imaging
6.3.2 X-Rays
6.3.3 Ultrasound
6.3.4 Computed Tomography (CT)
6.3.5 Nuclear Medicine
6.3.6 Positron Emission Tomography (PET)
6.3.7 Magnetic Resonance Imaging (MRI)
7 Radiology Market, By End Use
7.1 Y-o-Y Growth Comparison, By End Use
7.2 Radiology Market Share Analysis, By End Use
7.3 Radiology Market Size and Forecast, By End Use
7.3.1 Hospitals
7.3.2 Diagnostic Centers
7.3.3 Others
8 Radiology Market, By Region
8.1 Radiology Market Share Analysis, By Region
8.2 Radiology Market Share Analysis, By Region
8.3 Radiology Market Size and Forecast, By Region
9 North America Radiology Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Radiology Market Share Analysis, By Type
9.3 North America Radiology Market Size and Forecast, By Services
9.4 North America Radiology Market Size and Forecast, By End Use
9.5 North America Radiology Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Radiology Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Radiology Market Share Analysis, By Type
10.3 Europe Radiology Market Size and Forecast, By Services
10.4 Europe Radiology Market Size and Forecast, By End Use
10.5 Europe Radiology Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Radiology Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Radiology Market Share Analysis, By Type
11.3 Asia Pacific Radiology Market Size and Forecast, By Services
11.4 Asia Pacific Radiology Market Size and Forecast, By End Use
11.5 Asia Pacific Radiology Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Radiology Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Radiology Market Share Analysis, By Type
12.3 Latin America Radiology Market Size and Forecast, By Services
12.4 Latin America Radiology Market Size and Forecast, By End Use
12.4 Latin America Radiology Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Radiology Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Radiology Market Share Analysis, By Type
13.3 Middle East Radiology Market Size and Forecast, By Services
13.4 Middle East Radiology Market Size and Forecast, By End Use
13.5 Middle East Radiology Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 General Electric
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Siemens
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Koninklijke Philips NV
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Agfa-Gevaert NV
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Canon Medical Systems Corporation
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Hitachi Ltd
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Carestream Health
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 F. Hoffmann-La Roche Ltd
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Axis-Shield Diagnostics Ltd
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 FUJIFILM Holdings Corporation
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Cerner Corporation
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Shenzhen Mindray Bio-Medical Electronics Co Ltd
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Planmed Oy
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 Shimadzu Corporation
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
15.15 Allscripts Healthcare LLC
15.15.1 Overview
15.15.2 Offerings
15.15.3 Key Financials
15.15.4 Business Segment & Geographic Overview
15.15.5 Key Market Developments
15.15.6 Key Strategies
