Mobile Imaging Services Market by End-user and Geography - Forecast and Analysis 2020-2024

The mobile imaging services market size has the potential to grow by USD 2.04 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (hospitals and clinics, home healthcare, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Accurate Imaging Inc., Alliance HealthCare Services, Digirad Corp., Imaging On Site Inc., InHealth Ltd., Insight Imaging Mobile Solutions, Life Healthcare Group, Shared Imaging LLC, Shared Medical Services Inc., and TridentCare LLC.

Market Overview

Market Competitive Analysis

The market is fragmented. The presence of numerous vendors, including national as well as regional vendors and the need for significant capital investments, intensify the level of competition. Vendors are engaged in mergers and acquisitions, which are more economical than opening new offices and deploying equipment and workforce to expand their operations. Insight Imaging Mobile Solutions, Life Healthcare Group, Shared Imaging LLC, Shared Medical Services Inc., and TridentCare LLC are some of the major market participants. Although the benefits of mobile imaging services for healthcare providers will offer immense growth opportunities, concerns regarding data privacy and security will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this mobile imaging services market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this mobile imaging services market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Accurate Imaging, Inc.
• Alliance HealthCare Services
• Digirad Corp.
• Imaging On Site Inc.
• InHealth Ltd.
• Insight Imaging Mobile Solutions
• Life Healthcare Group
• Shared Imaging LLC
• Shared Medical Services, Inc.
• TridentCare LLC

Mobile Imaging Services Market: Segmentation by Region

APAC will offer several growth opportunities to market vendors during the forecast period. The shortage of imaging equipment and growing financial pressure on hospitals will significantly influence the growth of the mobile imaging services market share in this region.

39% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for mobile imaging services in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Mobile Imaging Services Market: Segmentation by End-user

Hospitals and clinics held the largest revenue share of the global mobile imaging market. Due to the increasing prevalence of chronic diseases, the need for medical imaging is growing. Thus, the number of people visiting hospitals and clinics for medical imaging, including MRI, CT scan, ultrasound, and X-Ray, is rising steadily. Owing to high footfall, there is huge pressure on hospitals and their medical imaging departments, which are currently overloaded because of the availability of a limited number of imaging devices.

Market growth in this segment will be slower than the growth of the market in the home healthcare segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the mobile imaging services market size.

Mobile Imaging Services Market: Key Drivers and Trends

Mobile imaging services benefit hospitals, clinics, and other healthcare providers by cutting down the operational cost of imaging equipment, reducing the cost and time associated with medical imaging, and increasing the availability of services. Patients who need to undergo radiography processes, such as X-ray, CT scan, or EKG, either visit in-house imaging departments, third-party imaging facilities, or other hospitals. Moreover. mobile imaging services help hospitals to tackle all these challenges by providing flexibility and the freedom to carry out a scan in any environment. It also helps healthcare providers to conduct different kinds of scanning, actively monitor patients’ conditions, and accommodate patients in any environment. Additionally, mobile imaging is considerably faster than other alternatives. With 24/7 availability and instant access to images through online portals, healthcare providers can perform diagnosis and treatment faster than third-party diagnostic centers. Such benefits will influence the growth of the mobile imaging services market during the forecast period.

The growing prevalence of chronic diseases and generally incurable conditions, such as cancer, cardiovascular conditions, diabetes, and asthma, is driving the demand for imaging procedures. The limited equipment availability in hospitals and diagnostic centers is leading to an increase in the waiting time, in turn, leading to the popularity of mobile imaging services. With the aim of making healthcare services accessible to people in remote areas, healthcare providers are increasingly using mobile imaging services, which enables them to carry out imaging without investing in imaging machines. Medical imaging helps in detecting diseases at an early stage and assessing the effectiveness of therapies. The increasing prevalence of chronic diseases, one of the major mobile imaging services market trends, will have a significant influence on the market’s growth. As a result of such factors, the market will register a CAGR of almost 3%.

Mobile Imaging Services Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive mobile imaging services market growth during the next five years
• Precise estimation of the mobile imaging services market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the mobile imaging services industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of mobile imaging service providers