Mobile Medical Imaging Services Market to Generate Revenue worth $24,344 Million by 2030
- Published: January 2023
The global mobile medical imaging services market is projected to generate USD 24,344.0 million revenue by 2030, advancing at a CAGR of 6.9% during 2022–2030. This will be on account of the rising incidence of chronic diseases, such as cancer and CVDs, and brain injuries.
Mobile X-Ray Category Leads Market
The mobile X-ray category accounted for the largest revenue share, around 30%, in 2022. This is attributed to the rising number of government regulations and the cost-effectiveness and easy accessibility of mobile imaging services over traditional hospital visits. In addition, the increasing awareness regarding the early detection of diseases, rising target patient population, and surging private as well public investments in digital imaging technologies drive the market growth. Furthermore, the short processing time, high speed, and accuracy associated with mobile X-rays also intensify its growth.
The integration of AI in mobile X-ray systems is set to offer lucrative opportunities in the forecast period. The R&D projects being conducted by mobile medical imaging services market related to AI integration in digital X-rays are showing promising results. For instance, in November 2020, GE Healthcare announced the launch of AI algorithm-based Critical Care Suite 2.0, to assist healthcare professionals in endotracheal tube positioning.
Considering the significance of AI in X-rays for diagnosis, companies have actively involved themselves in various partnerships to strengthen their position in the market. For instance, in August 2020, Canon Medical Systems announced its partnership with Zebra Medical Vision (Zebra-Med) to provide AI1 automated imaging analysis solutions, to assist clinicians in the U.S. in accurate patient diagnosis.
Europe To Record Highest CAGR in Market
The European mobile medical imaging services market is expected to witness over 5% CAGR in the forecast period, on account of the huge growth in the number of imaging centers in the region. In 2021, Germany and the U.K. together were responsible for around 50% of the market share in the region, due to the effective participation of these countries in the advancement of medical imaging modalities, such as MRI, CT, and ultrasound.
Furthermore, service providers in the region are partnering with private clinics and government hospitals to provide imaging facilities, which is opening doors for the players to enter the European mobile medical imaging services market. Moreover, the increase in the number of government initiatives on high-quality medical imaging, combined with efforts of manufacturers to release a low-cost variant and ensure a reduction in the price of the already existing mobile imaging products, is driving the regional market growth.
The major players operating in the global mobile medical imaging services market are Accurate Imaging Inc., Akumin Inc. and Alliance HealthCare Services Inc., Atlantic Medical Imaging Inc., Cobalt Health, Front Range Mobile Imaging Inc., InHealth Group, Interim Diagnostic Imaging, RadNet Inc., and TridentCare LLC.