Mobile Imaging Services Market Analysis Report By Product Type (X-ray, CT, Ultrasound, MRI, Mammography, Nuclear Imaging), By End Use (Hospitals & Private Clinics, Home Healthcare), And Segment Forecasts, 2018 - 2025

Report Overview

The global mobile imaging services market size was valued at USD 1.55 billion in 2016 and is expected to expand at a CAGR of 3.2% over the forecast period. Demand for mobile imaging services is increasing due to growth in patient population, which is a result of rise in incidence of chronic diseases such as cancer, cardiovascular diseases, gastrointestinal and endocrinal disorders, and neurological and lung disorders. The rise in incidence of chronic diseases can be attributed to extending the lifespan of individuals, increase in alcohol consumption, unhealthy eating habits, smoking, and sedentary lifestyle.  

In addition, rising adoption of imaging technology in detection and monitoring of disease progression is supporting market growth. Technological advancements leading to combination of informatics and advanced imaging techniques is enabling remote data storage, which is proving to be immensely convenient for healthcare professionals to track and trace patient history.

Product Type Insights

Based on product, the market is segmented into x-ray, computed tomography (CT), ultrasound, magnetic resonance imaging (MRI), mammography, and nuclear imaging. The others segment includes bone densitometers and stereotactic breast biopsy equipment. Cost savings, revenue enhancement, addition of new service lines, and adoption by physicians are some of the factors anticipated to fuel market growth during the forecast period. These services are used in the diagnosis of diseases such as osteoporosis, arthritis, pneumonia, and heart diseases.

MRI is the largest product segment, fueled by increasing incidences of brain injuries and multiple sclerosis and technological advancements in the field. Shared Medical Services, Cobalt Health, and Front Range Mobile Imaging are some of the companies offering MRI imaging services. Bone densitometers and stereotactic breast biopsy equipment, forming the others segment, are expected to exhibit the fastest growth rate during the forecast period. Rising incidence of osteoporosis and growing geriatric population are expected to fuel the segment.

End-use Insights

Major end-users of mobile imaging services include hospitals, private clinics, and patients in home healthcare settings. Various initiatives undertaken by governments around the globe to support remote patient monitoring and the presence of a large geriatric patient pool are some of the factors fueling the demand for these services in old-age homes and home healthcare settings.

Hospitals and private clinics accounted for the largest revenue share in 2016. Hospitals and private clinics are rapidly adopting mobile imaging units since they help in saving space, thereby reducing basic investment required for infrastructure. In addition, portable units assist doctors in obtaining scans on the spot and deciding appropriate treatment regimen. Increasing patient pool is expected tocatalyze the demand for these services in palliative care, sports rehabilitation centers, and geriatric care centers in the near future.

Regional Insights

North America is the most developed market, followed by Europe. Exponential growth in remote patient monitoring and telehealth services is contributing toward the growth of these markets. The U.S. is the largest mobile imaging services market, globally. These services are widely adopted in the country owing to the advantages they offer, such as saving cost and space. In addition, these services offer convenience by effectively reducing the waiting time of patients. This has further boosted its acceptance in the region.

Although the penetration of mobile imaging services is very limited in Asia Pacific at present, these services have been recently launched in countries such as India and Malaysia. Thus, these countries will play an important role in the growth trajectory of the Asia Pacific market for mobile imaging services.

Mobile Imaging Services Market Share Insights

Some of the key players in the market are Cobalt Health, Front Mobile Imaging, Digirad Corporation, InHealth Group Ltd., Alliance HealthCare Services, and Nuffield Health. Key players have been adopting strategies such as collaborations, mergers and acquisitions, and partnerships to strengthen their position in the market. For instance, in May 2017, Alliance HealthCare Services announced a signed agreement with Red Rocks Radiation and Oncology, LLC. This partnership is expected to help Alliance HealthCare in bringing the best clinical quality and patient experience to the community and expand its product portfolio.

Mobile Imaging Services Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global mobile imaging services market report on the basis of product type, end use, and region:

• Product Type Outlook (Revenue, USD Million, 2014 - 2025)

  • X-ray

  • CT

  • Ultrasound

  • MRI

  • Mammography

  • Nuclear Imaging

  • Others

• End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Hospitals & Private Clinics

  • Home Healthcare

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • Malaysia

  • Latin America

    • Mexico

    • Brazil

  • MEA

    • UAE