Market Trends of Global Mobile Medical Imaging Services Industry
This section covers the major market trends shaping the Mobile Medical Imaging Services Market according to our research experts:
X-ray Service Segment is Expected to Hold a Major Share During the Forecast Period.
The X-ray service segment is expected to hold a major share in the market studied during the forecast period.
The major factors driving the growth of mobile X-ray services include advanced technology, a rising number of patients with chronic diseases along with an increasing geriatric population, and rising awareness regarding the availability of mobile X-ray services. For instance, in March 2021, Fujifilm India Private Limited launched a mobile digital radiology system - FDR nano which is lightweight and compact and also achieved approximately 80% reduction in its total weight as compared to traditional mobile X-rays. Thus, the advantages of portable systems and increasing product launches will lead to increased adoption of such imaging devices due to their lightweight and ease of carrying, therefore expected to drive the growth of mobile medical imaging services market significantly over the forecast period.
In addition, the rise in the expansion of the mobile X-ray services by the key market players is further expected to drive this segment growth. For instance, in March 2022, TridentCare, the national leader of portable diagnostic services, supported the 2022 Air Force Reserve Mountain West Basketball Championships. TridentCare has joined the onsite medical team to provide necessary emergency X-Ray services for the student-athletes throughout the tournament scheduled for March 6-12 at the Thomas & Mack Center in Las Vegas. Thus, rise in such initiatives will further drive the growth of the market studied due to higher adotption of mobile X-ray services.
Furthermore, rise in road injuries accross the globe is also expected to drive the growth of this segment due to rise in adoption of mobile X-ray imaging service. For instance, according to the Organisation for Economic Co-operation and Development (OECD), the number of traffic related injuries in Iceland and Israel in 2020 were 2589.6 and 1944 respectively per million people.
Therefore, owing to the aforementioned factors, this segment is expected to drive over the forecast period.
North America is Expected to Witness a Significant Share Over the Forecast Period.
North America holds a significant market share and is expected to continue its stronghold for a few more years. This can be majorly attributed due to advanced health infrastructure, increasing prevalence of diseases and infections, growing emphasis on the development of innovative products, and rising number of regional mobile medical imaging service providers, rising number of chronic diseases, among others. For instance, according to Arthritis Foundation data updated in October 2021, 1.5 million people in the United States have rheumatoid arthritis, where the arthritis most commonly begins between ages 30 and 60 in women. The high incidence of these chronic diseases surges the demand for accurate diagnosis and plan of efficient and on-time treatment by the healthcare provider. Hence, drives the growth of the studied market in North America.
In addition, Moreover, according to the article published in United States Pharmacist, titled 'Stroke Prevalence and Risk Factors' in January 2021, in the United States, the prevalence of nontraumatic hemorrhagic stroke is 13%, including intracerebral hemorrhage causes stroke in 10% of cases, and subarachnoid hemorrhage causes stroke in 3% of cases. The rising prevalence of hemorrhagic stroke in the developed counties such as United States will lead to increased adoption of diagnosis and treatment, thereby expected to drive the growth of this market in the United States.
Furthermore, in February 2021, TridentCare, a mobile medical imaging service provider has entered an exclusive relationship with MG Medical Products to offer the mobile Electrocardiography) patch solution to its skilled nursing and long-term care facility patients. Such type of services will drive the growth of the market studied in the United States due to rise in adopiton of such services.
Moreover, rise in acqusition in this region is further expected to contribute the growth of this market. For instance, in September 2021, Akumin Inc, a premier provider of outpatient radiology services in the United States has completed the acquisition of Alliance HealthCare Services, Inc. With this, Akumin offers the most comprehensive radiology and oncology solutions to patients in the United States operating in 46 states, with more than 1,000 hospital and health system customers, 154 independent outpatient radiology centers and 34 radiation therapy centers, and has over 4,000 team members serving more than two million radiology and oncology patient visits annually.
Therefore, owing to the above factors, the market is expected to drive over the forecast period.
