Telemedicine Market Players, Demand, Growth, and Forecast to 2030

Telemedicine Market

Telemedicine facilitates provision of medical help through the use of telecommunications technologies such as email, video conferencing. The market has grown considerably over the recent years on account of increasing prevalence of chronic diseases such as diabetes, cancer, and others. Easier-to-use applications and growing acceptance of patients to seek medical help through smartphones and computers is aiding the growth of the telemedicine market. Rise in geriatric population who are more prone to diseases and are unable to reach out to healthcare providers have induced the demand for telemedicine. Telemedicine also facilitates patient monitoring and medical aid provision in remote and in areas flood and tsunami affected areas. Growth in number of smartphone users and increasing adoption of electronic health record (EHR) are also fundamental drivers of the market. Various governments have endeavored to introduce telemedicine for regular operations and have planned to equip state-owned hospitals with telemedicine facility for both ambulatory and intensive care treatment which can boost the market demand in the coming years.

The telemedicine market was valued USD 67.3 Billion in 2021 and is expected to surpass the value of over USD 405.93 Billion by the year 2030 while registering a CAGR of 22.1% during the forecast period 2022-2030.

The market is likely to be driven by other factors such as dearth of healthcare professionals, innovation in communication technology and favorable reimbursement scenario for telemedical services in developed countries. Despite the fascinating development of telemedicine, the market growth might be bounded by some factors. Late adoption of telemedicine has proven to be a barrier to the market growth. A key barrier to the adoption of telemedicine is the prevalence of perception among people that telemedicine programmes are expensive to implement. Underdeveloped infrastructure and lack of technical expertise in developing countries also act as a barrier to adoption which might restrict market growth. Absence of unified technical standards & guidelines and lack of interoperability have been an issue for the growth of the market. Legal issues associated with ensuring patient confidentiality and stringent government regulations are other limiting factors.

Major Key Players:

Notable Telemedicine Market Players are AMD Global Telemedicine, Inc., CareClix, Cisco, IBM Corporation, Iris Telehealth, Medtronic, TeleVital, Allscripts Healthcare Solutions, Honeywell Lifesciences, Care Innovations, Aerotel Medical Systems Ltd., CardioNet, Cerner Corporation, GENERAL ELECTRIC, Intel Corporation, Koninklijke Philips N.V., TeleVital, Allscripts Healthcare Solutions, Honeywell Lifesciences, Care Innovations, Aerotel Medical Systems Ltd., and others.

Segment Analysis

The global telemedicine market is segmented based on service type, component, deployment, application, and end-user. By service type, the market has been segmented into telenursing, tele pharmacy, teleradiology, tele dermatology, tele-oncology, others. By component, the market has been segmented into software and hardware. The software segment is further segmented into integrated software and standalone software. The hardware segment is further segmented into monitors and medical peripheral devices. By deployment, the market has been segmented into cloud-based and on premises. By application, the market has been segmented into cardiology, ophthalmology, psychiatry, radiology, dermatology, and others. By end-users, the market has been segmented into hospitals, clinics, home care.

Regional Analysis

The key markets of the global telemedicine market include the Americas, Europe, Asia-Pacific and the Middle East & Africa. The ustelemedicine account for the largest share of the market owing to the presence of a well-developed healthcare sector in the region. Rising adoption of telemedicine, increased expenditure on healthcare and the concentration of major players in the region are other factors supporting the dominance of the region. Europe is the second largest market after the Americas owing to the increased adoption of novel technologies in the healthcare sector and rising government support to improve healthcare facilities in the region. Developed economies like Italy, U.K, France, and others are the key contributors, making western Europe the leading market. Asia-Pacific is slated to emerge as the fastest growing market due to the presence of a vast patient pool and growing adoption of telemedicine in the developing economies of the region including china telemedicine. The Middle East & Africa hold the smallest share in the global telemedicine market due to slow adoption of telemedicine owing to weak economic conditions, lack of adequate health care facilities in the region, especially within Africa. However, the Middle East market is consolidated and accounts for the majority share in the Middle East & Africa market.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Operating Room Management Market Players, Synopsis, Surge, Future Scope, Analysis and Forecast to 2027

Operating Room Management Market

Operating room management, also knowing as OR/OT management is a tool that manages surgeon schedules and specialized reporting of scheduling activities such as anesthesia information management solutions, operating room supply management solutions, and others, providing enhanced web access for remote viewing of this data.

This tool delivers immediate benefits to hospitals, including enhanced communication with remote physicians and increased accuracy of schedules meeting the HIPAA requirements. Moreover, the OR management tool offers the convenience of viewing the details, without cumbersome hardware or extra IT support.

Operating room management tools have the potential to give hospitals and their supply chain leaders insights into how to reduce their costs and automate their processes. These tools could bring a potential savings of almost 18 percent. Hospitals are eager to adopt these data-driven tools that can improve the management of their assets – physical, monetary, etc. and hence these tools are the most sought-after management capabilities.

Perceiving a widened uptake and demand across the state-of-the-art healthcare facilities, the operating room management tool is expected to gain market prominence as well.  OR/OT management tool market is well-established space that it growing pervasively.

Recognizing the kind of traction, the market perceives, Market Research Future (MRFR) in its recently published study report asserts that the global Operating Room Management Market is forecasted to account for upsurge accretions by 2023, registering a staggering CAGR of 18.6 % during the review period.

Additional factors substantiating the market growth include concerns over growing healthcare costs, pricing pressures on hospitals, growing healthcare infrastructure and the growing number of upgradation or redevelopment activities. On the other hand, factors such as initial investment cost associated with the OT management tool are impeding the growth of the Operating Room Management Market. 

Major Key Players:

The Operating Room Management Market Players include Cardinal Health, Getinge AB, Omnicell, Inc., TECSYS Inc., HCA Healthcare, Medtronic plc, Healthcare IQ, Siemens, Becton, Owens & Minor Medical, Inc., Dickinson and Company, Mizuho OSI, and Merivaara, EIZO Corporation. 

Segment Analysis

The MRFR analysis is segmented into four key dynamics for enhanced understanding.

By Solutions        : Data Management & Communication Solutions, Anaesthesia Information Management Solutions, Operating Room Supply Management Solutions, Scheduling Solutions, operating room management software, Pre-& Post-Operative Management Solutions, and Climate Solutions among others.

By Deployments  : On-premise, and On-cloud.

By End-Users       : Hospitals (large 300 beds, and small), Ambulatory Surgical Units, among others.

By Regions           :  North America, Europe, APAC, and the Rest-of-the-World.

Regional Analysis

North America possesses the largest market share due to huge investment transpired in R&D activities in healthcare and strong economic conditions. Increasing number of surgeries, rising popularity of operating room management tool will boost the growth of the market over the forecast period.

The US backed by the widened uptake of new technologies, the presence of well-developed hospital infrastructure and the largest number of multi-specialty hospitals available in the region drives the market growth in the region.

Europe accounts for the second-largest market for operating room management followed by the Asia Pacific on account of availability of funds for research and development activities and growing emphasis on the research in healthcare domain. Germany, France, and the UK among the other European countries account for the largest contributor to the growth.

The Asia Pacific is emerging as one of the lucrative markets for operating room management demonstrating the fastest growth owing to the proliferation of the technology. Additionally, India, China, and Japan have increased their investments in research and development of the healthcare sector.

The Middle East & Africa own the least share in the global Operating Room Management Market due to the technological incompetency, lack of availability of skilled labor and poor economic condition in medical facilities, especially in Africa.

However, the GCC countries are expected to generate strong growth owing to the well-proliferated healthcare sector in the Middle East region and the development of large hospitals and healthcare facilities.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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DNA Sequencing Market Players, Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2030

DNA Sequencing Market

DNA sequencing contains information about genetically determined illness and IQ level of human beings. Increasing adoption of precision medicines and increasing use of other applications such as biotechnology, forensic biology, virology, and molecular biology are factors which are driving the growth of this market. The rise in investment in research and development enhances the demand for DNA sequencing and hence helps to increase market growth. The enzymic method for DNA sequencing has been used for genomic research and as accurate results were obtained by this method the demand for DNA sequencing has increased. This demand has driven the development of the second-generation sequencing method.

The DNA Sequencing Market is expected to boost USD 4870 million during the estimated the forecasting year of 2022-2030

However, the lack of reimbursement policies in various countries across the world may limit the growth of DNA Sequencing Market during the forecast period.

Major Key Players:

Some of the  DNA Sequencing Market Players are Perkin Elmer, Roche Holdings AG, Siemens AG, Illumina, Agilent Technologies Inc., Genia Corporation, Oxford Nanopore technologies, Koninklijke Philips N.V., Pacific Biosciences, Johnson & Johnson, Deep Genomics, Inc., Life Technologies, Illumina, Eppendorf, Tecan, and Thermo Scientific, Hamilton Thorne Biosciences, General Electric Company, Siemens Healthineers GmbH, Myriad Genetics, Bayer Corporation, Beckman Coulter, and others.

Segment Analysis

The global DNA sequencing market has been segmented on the basis of type, product, technology, application, and end-users. On the basis of type, the market is segmented into instruments and consumables services and workflow products. Based on product the market is segmented into sequencing services and sequencing instruments and consumables. Sequencing instruments and consumables are further sub-segmented into two types such as sequencing instruments and consumables by product type and by platform type. Sequencing instruments and consumables by product type are further sub-segmented into consumables, instruments, whereas sequencing instruments and consumables by platform type are further sub-segmented into NGS, sanger, bioinformatics, sample prep kits, and reagents. On the basis of technology, the market is further segmented into dna modifying enzymes, semiconductor sequencing, pyrosequencing, sequencing by synthesis, single-molecule real-time sequencing (SMRT), sequencing by ligation (SBL), and other technologies. On the basis of application, the market is further segmented into diagnostics, agriculture and animal research, biomarker discovery, personalized medicine, drug discovery, and other applications. Based on end-user, the market is segmented into research centers and government institutes and academia, biotechnology and pharmaceutical companies, clinics and hospitals, and other end-users.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.

Regional Analysis

The market in the Americas is expected to boost the global DNA sequencing market owing to technological advancements and increasing incidences of genetic disorders among patients. Increasing investments by government organizations in the research and development of DNA sequencing are also boosting the market growth in this region. The European market is expected to be the second-largest due to government funding and support from the healthcare sector coupled with the rising prevalence of the genetic disorder. However, Asia-Pacific is projected to dominate in terms of growth rate over the forecast period owing to the rising investment towards R&D activities and unhealthy lifestyle which are resulting in an increased prevalence of cancer and other disorders. Rising geriatric population and increasing prevalence of tumor among patients in this region have a positive influence on the development of DNA sequencing market in this region.  The Middle East and Africa accounts for the smallest share due to lack of medical technology and poor medical facilities. Emerging economies such as India and China are leading to growth in the demand for DNA sequencing owing to an increasing number of healthcare awareness programs, government investments in healthcare, and favorable healthcare insurance coverage.  

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Patient Monitoring Devices Market Global Demand, Opportunities, Key Players Analysis and Forecast to 2030

Patient Monitoring Devices Market

Patient monitoring devices market has various functions such as glucose monitoring, blood monitoring, temperature monitoring, cholesterol monitoring, weight monitoring etc. Electrocardiography is fastest growing sub-segment, it is largest in cardiac monitoring market and fastest growing in neurological device. Electrocardiography is the process that checks for problems with the electrical activity of your heart. Electrocardiography is very helpful to diagnose unexplained chest pain or pressure, cause of symptoms of heart disease, to check how well medicines are working and see if they are causing side effects that affect the heart. Increase in consumer awareness is driving the market growth which expected to grow in same pace in near future. Patient monitoring devices manufacturers trying to make more advance, accurate and innovative device to provide desirable solution.

The global Patient monitoring devices market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. These monitoring devices continuously check patient’s vital signs by using a medical monitor.

The patient monitoring devices market is anticipated to reach USD 3,850 Million by 2030 at 14.40% CAGR during the forecast period 2022-2030.

Global Patient monitoring devices market is segment into two major segments and its sub-segments such as based on type, based on product type and based on end user. North America is the largest market for patient monitoring devices while Asia-Pacific region is fastest growing. Europe is second largest market for patient monitoring device and expected to grow steadily during forecasting period.

Major Key Players:

The Some of the Patient Monitoring Devices Market Players are GE Healthcare, Roche Diagnostics, BIOTRONIK SE & Co. KG, Abbott Laboratories, Siemens Healthcare, Philips Healthcare, CAS Medical Systems, Inc., Spacelabs Healthcare, Honeywell International, Inc., Shenzhen Mindray Bio-Medical Electronics Co.

Segment Analysis

The global patient monitoring devices market is segmented on the basis of product type, end use, and region.

The global patient monitoring devices market is segmented on the basis of product type into wireless patient monitoring system, central monitoring stations, electrocardiogram devices, fetal and neonatal monitors, weight management monitors, temperature monitoring devices, respiratory monitors, hemodynamic monitoring devices, and portable bedside monitors.

By end user, the global patient monitoring devices market is segmented into hospitals and clinics, home care, ambulatory care centers, and others.

Regional Analysis

The global patient monitoring devices market is segmented into North America, Europe, Asia Pacific, and rest of the world.

North America is likely to dominate the global patient monitoring devices market over the forecast period due to the widespread incorporation of modern patient monitoring devices in the healthcare sector and increasing investment in the healthcare sector for the purpose of making it technologically refined and superior. The growing interest among consumers in exercising has also led to a growing demand for wearable patient monitoring devices, which is likely to drive the patient monitoring devices market over the forecast period. The growing fitness-conscious demographic is likely to remain a major driver for the patient monitoring devices market in North America over the forecast period.

Europe is also likely to hold a major share in the global patient monitoring devices market over the forecast period due to the growing popularity of wearable fitness monitors and the growing investment in the healthcare sector.

Asia Pacific is expected to exhibit the fastest growth in the global patient monitoring devices market over the forecast period due to the growing demand for patient monitoring devices in emerging regions such as China, Japan, and Korea.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Global Pharmaceutical Excipients Market Players, Share, Size, Trend, SWOT Analysis and Forecast to 2030

Pharmaceutical Excipients Market

Pharmaceuticals are important components of a formulation that offers effective drug absorption. Excipients must comply with the regulatory requirements and must suit the intended dosage form. The compatibility is crucial in dosage forms that incorporate coating, controlled and sustained release, oil base (emulsifiers), and taste masking.

The pharmaceutical excipients market will witness a CAGR of 5.5 %, along with a value of USD 9,873 million by 2030 in the forecast period.

Excipients used in the manufacturing of drug serve as binders, disintegrants, glidants, or diluents. Therefore, multifunctional excipients can reduce the manufacturing cost and drug development of the product.

Drivers and Restraints

Owing to the patent expiries, the market has witnessed a robust growth rate in the recent times. Moreover, with the large patient population base and growing demand for pharmaceutical products will propel the growth of the market globally. Factors like increasing chronic diseases, growing generics market owing to patent cliffs, advancement in the development of functional excipient, rapid growth of biopharmaceuticals, growing biosimilar industry, and emergence of co-processed and multifunctional excipients are the major factors fuelling the market growth.

Meanwhile, strict mandates like inspection of manufacturing sites by regulatory authorities such as MHRA, FDA, and TGA has affected the supply of global pharmaceutical excipients. Lack of separate guidelines for approval and manufacturing of excipients is impending R&D initiatives related to excipients. If a new drug approval fails, the excipient also fails even if it is not related to the excipient. The clinical data from that particular excipient cannot be used. Moreover, the timeframe and cost required to develop excipients are uneconomical for the manufacturers, thus limiting the scope for getting an excipient approved.

Major Key Players:

Some of the Pharmaceutical Excipients Market Players are Evonik Industries Ag, Basf Se, Ferro Corporation, P&G Chemicals, Akzo Nobel NV, FMC Corporation, The Dow Chemical Company, Ashland, Inc., Croda International PLC

Segment Analysis

The global market for pharmaceutical binders can be segmented on the basis of product, functions, applications, and region.

The market has been segmented into organic and inorganic chemicals based on product.

The market has been segmented into glidants, lubricants, fillers, coatings, preservatives, disintegrants, binders, and others on the based on functions. Fillers have been accounted to hold the largest market share. They provide ease of administration and improve the taste of the formulation. They also offer ease in preparation, stability, shipping, packaging, and dispensing of drugs.

The market for pharmaceuticals excipients has also been segmented into parenteral, oral, topical, and advanced delivery system based on applications. Oral and topical dosage forms are anticipated to drive the pharmaceuticals excipients market growth. Consumption of excipients is witnessed to be high in oral dosage forms like capsules, tablets, and liquids, compared to parenteral. Local players mark their entry in pharmaceuticals with oral dosage forms as they are easier to manufacture. Also, with increasing topical solutions such as gel, cream, skin patch, and eye drops in pain management and dermatology, demand for excipients is also expected to grow at a steady pace.

Regional Analysis

North America has been anticipated to hold the largest market share and is expected to grow over the forecast period. The major factor for growth in this region is due to the presence of European Medicines Agency’s scientific guidelines on excipients.

North America is followed by Europe due to the presence of large companies such as FMC Corporation and Avantor Performance Materials Inc. who are direct manufacturers. This region is expected to showcase a significant growth owing to the ongoing case studies based on drug-excipient interactions to increase delivery efficacy and efficiency.

Due to the high volume of unmet medical requirement and expanding generic market, Asia Pacific along with Middle East and Africa are anticipated to grow at a faster pace. Moreover, these regions are a good source of raw materials and enable low-cost manufacturing process for excipients.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Global Bariatric Surgery Devices Market Players, Drivers, Opportunities and Forecast Analysis to 2030

Bariatric Surgery Devices Market

The Bariatric Surgery Devices Market will obtain a CAGR of 6.10 % and USD 3,282.27 million in the forecast period by 2030.

Bariatric surgery involves making changes to the digestive system to help the patient lose weight

The bariatric surgery devices market has witnessed a tectonic surge over the past few years, mainly due to the surging incidences of obesity among the global population. The growing sedentary lifestyle has resulted in an increased prevalence of obesity, which is a key growth stimulant of the market. The surging demand for minimally invasive procedures has benefitted the market growth to a great extent. Governments are taking initiatives in order to spread awareness regarding unhealthy food and drinks, which will propel the market growth.

Advancing technologies in weight loss surgery are gaining prominence in the market. These advancements are further estimated to enhance the reliability of frequently performed procedures. Treatment procedures like laparoscopic greater curvature plication (LGCP), primary obesity surgery endolumenal (POSE), and hand-assisted laparoscopic surgery (HALS) are emerging in the market and are gaining popularity, especially in the U.K. and the U.S. These advancements made globally will promote the market growth in the foreseeable future.

On the contrary, factors like the dearth of skilled healthcare professionals are predicted to retard the market growth in the coming years.

Major Key Players:

MRFR recognizes the following companies as Bariatric Surgery Devices Market Players — Medtronic (Ireland), Apollo Endosurgery, Inc. (US), Intuitive Surgical Inc. (US), Johnson & Johnson Services Inc. (US), ReShape Lifesciences, Inc. (US), Olympus Corporation  (Japan), Mediflex Surgical Products (US), TransEnterix Surgical, Inc. (US), Aspire Bariatrics (US), and Spatz FGIA, Inc. (US)  among others.  

Segment Analysis

Based on product, the global bariatric surgery devices market has been segmented into implantable devices, assisting devices, and others. The implantable devices segment has been further sub-segmented into gastric bands, electrical stimulation devices, gastric balloons, and gastric emptying devices. The assisting devices segment has been sub-segmented into stapling devices, trocars, suturing devices, incision closure devices, and others

On the basis of procedure, the bariatric surgery devices market has been segmented into revision bariatric surgery, non-invasive bariatric surgery, sleeve gastrectomy, gastric bypass, adjustable gastric banding, biliopancreatic diversion with duodenal switch, mini-gastric bypass, and gastric bypass.

By end-user, the bariatric surgery devices market has been segmented into bariatric surgery clinics, hospital pharmacies, ambulatory surgical centers, and others.

Regional Analysis

The global bariatric surgery devices market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The Americas is expected to hold the largest share of the global bariatric surgery devices market. This is owing to the rising obese and overweight population, increasing sedentary lifestyle, and growing demand for minimally invasive procedures. Also, increasing awareness about procedures related to bariatric surgery devices in the US, prompts market growth.

The European market holds the second-largest position in the global bariatric surgery devices market. Factors attributing to the growth of the market are the availability of minimally invasive bariatric surgery devices, the increasing launch of bariatric surgery devices and growing innovation in the medical device market is expected to drive the market growth in Europe.

Asia-Pacific is estimated to be the fastest-growing region owing to the rapidly rising per capita disposable income and availability of advanced surgical devices support the market growth. Also, the presence of a large target population in countries such as China and India are expected to boost the market growth. The growing geriatric population in Asian countries is also likely to be one of the major supporting factors during the forecast period.

The bariatric surgery devices market in the Middle East & Africa is expected to grow at a significant rate owing to growing advanced treatment facilities in the economies of the UAE and Saudi Arabia in the Middle East which drives market growth.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Radiology Services Market Analysis, Trends and Opportunities 2022 - 2030

Radiology Services Market

The radiology services market is expected to register a CAGR of 19.7% to reach USD 5.3 billion during the forecast period.

The radiology services refer to an expert consultant treating disease by choosing the proper examination, interpreting the resulting medical images, and using test results in monitoring the operations of medical care, treating diseases by using radiation or minimally invasive, image-guided therapeutic arbitration.

The increasing healthcare expenditure, prevalence of the chronic disease, technology advancement, the emergence of thin client 3D viewers, increasing demand for minimally invasive procedures are the factor driving the growth of the market. Moreover, rising spending on research and development and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market. For instance, according to a research paper published by the National Center for Biotechnology Information (NCBI) in September 2016, diabetes will be the 7th leading cause of death by 2030. Also, 80% of diabetes patients live in less developed regions in the world. Increasing cases of obesity, socioeconomic transitions, and nutrition transitions are promoting the occurrence of diabetes, especially in low & middle-income countries, such as Brazil, Russia, India, China, and South Africa. Therefore, the rising prevalence of diabetes is supporting market growth.

However, high radiation exposure associated with the devices may hinder the growth of the market during the assessment period.

Major Key Players:

Some of the Radiology Services Market Player are 4ways Healthcare Limited, Cybernet Medical Corporation, Everlight Radiology, Global Diagnostics, Medica Reporting Ltd., Onrad, Inc, Radisphere National Radiology Group Inc., RamSoft Inc., Siemens Healthcare, Telediagnostics Services Pvt. Ltd., Telemedicine Clinic, Teleradiology Solutions Inc, and Virtual Radiology (vRAD).

Segment Analysis

The global radiology services market has been segmented on the basis of product type, application, technology, end user, and region.

On the basis of the product type, the market has been segmented into stationary digital radiology systems and portable digital radiology systems. teleradiology services, stationary digital radiology systems have been further segmented into stationary ceiling-mounted systems and floor-to-ceiling mounted system. On the basis of the application, the market has been classified into cardiovascular imaging, chest imaging, dental imaging, mammography imaging, orthopedic imaging, and others. Based on the technology, the market has been segmented into computed radiology and direct digital radiology. On the basis of the end user, the market has been classified as hospitals, diagnostic centers, and others. The stationary digital radiology segment is likely to hold the noticeable market share of the radiology services market due to the rising demand for stationary systems in hospitals, wide application, and less radiation exposure. However, portable digital radiology segment is showing the highest growth rate during the assessment period owing to simplicity in workflow, low-cost, and proficiency performing complex computational tasks.

Regional Analysis

By region, the radiology services market report covers the latest trends and growth opportunities across the Americas, the Asia Pacific (APAC), Europe, and the Middle East and Africa (MEA). Of these, the Americas will dominate the market over the forecast period. Factors aiding growth in this region include increasing funding and investments, increasing chronic disease, increasing aging population, and initiatives undertaken by the government towards advanced healthcare infrastructure. 

The radiology services market in Europe is predicted to have the second-largest share over the forecast period. Factors aiding growth in this region include favorable reimbursement policies, increasing R&D, and support and funding from the government for the healthcare sector. 

The radiology services market in the APAC region is predicted to grow at the fastest pace over the forecast period. Factors aiding growth in this region include expansions by key market players, increasing investments in healthcare, and the growing prevalence of cancer. 

The radiology services market in the MEA is predicted to have a small share over the forecast period. 

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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