Asia-Pacific radiology services market By Growing Rate, Geographical Regions, Forecast to 2026

[Swati Singh]

Asia-Pacific radiology services market is projected to register a healthy CAGR in the forecast period 2019 to 2026.

Radiology is the medical specialty for the diagnoses and treatment of injury by using imaging technique like computed tomography (CT), X-rays, magnetic resonance imaging (MRI), positron emission tomography (PET), fusion imaging and ultrasound. These imaging techniques use radiation, which requires adequate training and understanding of radiation safety and protection. Various companies are engaged in radiology services such KONINKLIJKE PHILIPS N.V, Siemens Healthineers and GE healthcare among others. The continuous development of the radiology market in developing and developed countries and growing research and development expenditure to develop innovative radiology equipment’s are all enhancing the utilization of the radiology services. The advanced radiology services and their preferences by the radiology industries, leading the major manufactures to expand their business for the development of services. For instance In March 2019, KONINKLIJKE PHILIPS N.V has acquired Carestream Health Inc.’s (U.S.) Healthcare Information Systems Business.

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Competitive Analysis: Asia-Pacific Radiology Services Market

Some of the major players operating in this market are Siemens, 4ways Limited, MEDNAX Services Inc., Everlight Radiology, RadNet, Inc., Koninklijke Philips N.V., Sonic Healthcare, Medica Reporting Ltd., ONRAD, Inc., UNILABS, Radiology Reports online, Teleradiology Solutions., InHealth Group , CONCORD Medical , Alliance HealthCare Services, Spectrum Health, Premier Radiology, Asia-PacificDiagnostics, Envision Radiology, RamSoft, Inc., GE healthcare and among others.

Recent Developments:

In May 2018, Teleradiology Solutions formed partnership with Qure.ai (India). The major focus of this partnership is to provide teleradiology services globally as Qure.ai is providing AI algorithms to medical professionals.

In 2018, Alliance International opens its first Health Management Center in China. The major focus of this expansion is to expand business in China as this is the first facility for Asia-Pacific that will help the company to grow in upcoming years.

In May 2017, CONCORDMEDICAL acquired Shanghai ProMed Cancer Center ("ProMed"), LLC (China). The major focus of this acquisition is to expand business network in radiology. As ProMed is having advanced medical equipment such as linear accelerators, CTs, MRIs, Mo-target mammography, CDFI and telepathology consultation systems.

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Segmentation: Asia-Pacific Radiology Services Market

Asia-Pacific radiology services market is segmented into six notable segments which are basis of type, procedure, patient age, radiation type, application, and end-user.

·       On the basis of type, the market is segmented into product and services

·       On the basis of procedure, the market is segmented digital and conventional

·       On the basis of patient age, the market is segmented into pediatric and adults

·       On the basis of radiation type, the market is segmented into diagnostics and interventional radiology

·       On the basis of application, the market is segmented into dental, musculoskeletal, pelvic and abdominal, gynecology, cardiology, urology, neurology, oncology and others

·       On the basis of end users, the market is segmented into hospitals, ambulatory centers, diagnostic centers, clinics

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Research Methodology: Asia-Pacific Radiology Services Market

Primary Respondents:

Key Opinion Leaders (KOL’s): Manufacturers, Researchers, Distributors and Pharmacologist, Industrialists.

Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers.

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