North America Medical Imaging Equipment Services Market to 2027 - Regional Analysis and Forecasts By Service Type (Equipment Repair and Maintenance, Refurbished Systems, Technical Training, Equipment Removal and Relocation, and Software Upgrades); Service

North America Medical Imaging Equipment Services Market to 2027 - Regional Analysis and Forecasts By Service Type (Equipment Repair and Maintenance, Refurbished Systems, Technical Training, Equipment Removal and Relocation, and Software Upgrades); Service Providers (Original Equipment Manufacturers (OEM), Independent Service Organizations); Modality (Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound, X-Ray, and Others); End User (Hospitals, Diagnostic Centers, and Others), and Country

The North America medical imaging equipment services market is expected to reach US$ 8,916.28 Mn in 2027 from US$ 6,526.03 Mn in 2018. The market is estimated to grow with a CAGR of 3.6% from 2019-2027.

The growth of the medical imaging equipment services market is primarily attributed to the rising numbers of hospital and diagnostics centers, better quality performance due to service, and rising prevalence of chronic and acute diseases. However, the market is likely to get impacted by the risk factor such as lack of funds/grants for the diagnostic equipment during the forecast period. On the other hand, rising technological developments is likely to have a positive impact on the growth of the North America medical imaging equipment services market in the coming years.

There are has been a significant rise in the diagnostic industry in the last few years due to the transformation in the healthcare systems. Also, the rapidly growing population demands good health and therefore, is leading to the rising numbers of hospitals and diagnostics centers. The hospitals and diagnostic centers have all imaging devices such as ultrasound, CT scan, MRI scans, and others. In the United States, the rising number of population is the critical factor that is leading to increasing numbers of hospitals and diagnostic centers. For instance, the names of hospitals are rising in the US. According to the recent data published for the year 2019, by the American Hospitals Association states that there is nearly 6,210 number of hospitals across the country. Also, it indicates that the number of hospitals has been increased by almost 700, and among them, approximately 400 are community hospitals. Moreover, as per the data of the Ontario Hospital Association, in 2018, there was a total of 141 public hospital corporations in the city. Therefore, rising numbers of hospitals and diagnostic centers are likely to add up to the growth of medical imaging equipment services.

Moreover, the companies are receiving various approvals for the medical imaging equipment services for instance, Koninklijke Philips N.V., GE Healthcare and Siemens Healthineers has received approvals for products. Some of the recent approvals are mentioned below.

Table 1. Recent Approvals For Medical Imaging Equipment Services in the Market

Month & Year Company Description

December, 2018 Siemens Healthineers Siemens Healthineers and INSIGHTEC received the CE approval of Exablate Neuro that is compatible with Magnetom Skyra, Prisma and Prisma Fit scanners from Siemens Healthineers.

June, 2018 Koninklijke Philips N.V. Philips received FDA approval for its product Ingenia Elition MR solution and two clinical applications, Philips Compressed SENSE and 3D APT.

March, 2018 GE Healthcare GE Healthcare received a license for SIGNA Premier, a new wide bore 3.0T magnetic resonance imaging (MRI) system.

October, 2017 Siemens Healthineers Siemens AG received FDA approval for MAGNETOM Terra 7T MRI Scanner from Siemens Healthineers which was the first 7 Tesla (7T) MRI cleared for diagnostic imaging system.

In 2018, the equipment repair and maintenance segment held the most significant market share 54.9% of the medical imaging equipment services market, by service type. This segment is also anticipated to dominate the market in 2027 owing to inadequate accessibility of systems and trained staff to meet the growing demand for diagnosis leads to higher wear and tear of instruments. Also, the segment is anticipated to witness growth at a significant rate during the forecast period, 2019 to 2027.

The medical imaging equipment services market is dominated by original equipment manufacturers (OEM) segment in 2018 with a considerable market share of 77.5%, by service providers. This segment is also predicted to dominate the market in 2027 owing to the inventions and developments leading to fast processing and less test time. Also, the segment is anticipated to witness growth at a significant rate during the forecast period, 2019 to 2027.

In 2018, the X-ray segment held a considerable market share of 32.2% of the medical imaging equipment services market, by the modality. This segment is also predicted to dominate the market in 2027 owing to non-invasive and painless, guide medical personnel as they insert catheters, also support medical and surgical treatment planning. Also, the segment is anticipated to witness growth at a significant rate during the forecast period, 2019 to 2027.

In 2018, the hospitals segment held a considerable market share of 53.6% of the medical imaging equipment services market, by end user. This segment is also predicted to dominate the market in 2027 owing to the increasing number of hospitals across the country, and rapid growth of different surgical procedures. However, the diagnostic centers segment is anticipated to witness growth at a significant rate during the forecast period, 2019 to 2027, owing to rising involvement of private service providers and growing preference of patients for outpatient settings, rising the demand for affordable services.

Some of the major primary and secondary sources for medical imaging equipment services included in the report are Electronic Production Radiation Control (EPRC), Food and Drug Administration (FDA), World Health Organization, National Center for Chronic Disease Prevention and Health Promotion and others.


1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
2. North America Medical Imaging Equipment Services Market – Key Takeaways
3. North America Medical Imaging Equipment Services Market – Market Landscape
3.1 overview
3.2 Market Segmentation
3.2.1 North America Medical Imaging Equipment Services Market – By Service Type
3.2.2 North America Medical Imaging Equipment Services Market – By Service Providers
3.2.3 North America Medical Imaging Equipment Services Market – By Modality
3.2.4 North America Medical Imaging Equipment Services Market – By End User
3.2.5 North America Medical Imaging Equipment Services Market – By Country
3.3 PEST Analysis
4. North America Medical Imaging Equipment Services Market - Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Rising Numbers of Hospital and Diagnostics Centers
4.1.2 Better Quality Performance Due to Services
4.1.3 Rising Prevalence of Chronic and Acute Diseases
4.2 Key Market Restraints
4.2.1 Lack of Funds/Grants for the Diagnostic Equipment.
4.3 Key Market Opportunities
4.3.1 Rising Technological Developments
4.4 Future Trends
4.4.1 Integrated Services
4.5 Impact analysis
5. Medical Imaging Equipment Services Market – North America Analysis
5.1 North America Medical Imaging Equipment Services Market Revenue Forecasts and Analysis
5.2 Market Positioning
6. North America Medical Imaging Equipment Services Market Analysis – By Service Type
6.1 overview
6.2 North America Medical Imaging Equipment Services Market By Service Type, 2018 & 2027 (%)
6.2.1 North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
6.3 Equipment Repair and Maintenance Market
6.3.1 Overview
6.3.2 Equipment Repair and Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
6.4 Refurbished Systems Market
6.4.1 Overview
6.4.2 Refurbished Systems Market Revenue and Forecasts to 2027 (US$ Mn)
6.5 Technical Training Market
6.5.1 Overview
6.5.2 Technical Training Market Revenue and Forecasts to 2027 (US$ Mn)
6.6 Equipment Removal and Relocation Market
6.6.1 Overview
6.6.2 Equipment Removal and Relocation Market Revenue and Forecasts to 2027 (US$ Mn)
6.7 Software Upgrades Market
6.7.1 Overview
6.7.2 Software Upgrades Market Revenue and Forecasts to 2027 (US$ Mn)
7. North America Medical Imaging Equipment Services Market Analysis – By Service Providers
7.1 Overview
7.2 North America Medical Imaging Equipment Services Market, By Service Providers, 2018 & 2027 (%)
7.2.1 North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)
7.3 Original Equipment Manufacturers (OEM) Market
7.3.1 Overview
7.3.2 Original Equipment Manufacturers (OEM) Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Independent Service Organizations Market
7.4.1 Overview
7.4.2 Independent Service Organizations Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America Medical Imaging Equipment Services Market Analysis – By Modality
8.1 Overview
8.2 North America Medical Imaging Equipment Services Market, By Modality, 2018 & 2027 (%)
8.2.1 North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)
8.3 X-Ray Market
8.3.1 Overview
8.3.2 X-Ray Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Ultrasound Market
8.4.1 Overview
8.4.2 Ultrasound Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Magnetic Resonance Imaging (MRI) Market
8.5.1 Overview
8.5.2 Magnetic Resonance Imaging (MRI) Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Computed Tomography (CT) Market
8.6.1 Overview
8.6.2 Computed Tomography (CT) Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Others Market
8.7.1 Overview
8.7.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Medical Imaging Equipment Services Market Analysis – By End User
9.1 Overview
9.2 North America Medical Imaging Equipment Services Market, By End User, 2018 & 2027 (%)
9.2.1 North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)
9.3 Hospitals Market
9.3.1 Overview
9.3.2 Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Diagnostic Centers Market
9.4.1 Overview
9.4.2 Diagnostic Centers Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Others Market
9.5.1 Overview
9.5.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. North America Medical Imaging Equipment Services Market Revenue and Forecasts to 2027
10.1 Overview
10.2 North America Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
10.3 North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.4 North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)
10.5 North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)
10.6 North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)
10.7 North America Medical Imaging Equipment Services Market Revenue and Forecasts to 2027, By Country (%)
10.8 US Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
10.8.1 US Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
10.8.2 US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.8.3 US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)
10.8.4 US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)
10.8.5 US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)
10.9 Canada Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
10.9.1 Canada Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
10.9.2 Canada Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.9.3 Canada Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)
10.9.4 Canada Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)
10.9.5 Canada Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)
10.10 Mexico Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
10.10.1 Mexico Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
10.10.2 Mexico Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.10.3 Mexico Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)
10.10.4 Mexico Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)
10.10.5 Mexico Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)
11. Medical Imaging Equipment Services Market– Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Medical Imaging Equipment Services Market, 2016-2019
11.3 Organic Growth strategies
11.3.1 Overview
11.3.2 Organic Growth Strategies in the Medical Imaging Equipment Services Market, 2016-2019 (%)
11.3.3 Product Launches
11.3.3.1 Recent Product Launches By Players In The Medical Imaging Equipment Services Market
11.3.4 Product Approval
11.3.4.1 Recent Product Approval By Players In The Medical Imaging Equipment Services Market
11.3.5 Others
11.3.5.1 Recent Other Activities By Players In The Medical Imaging Equipment Services Market
11.4 Inorganic Growth Strategies
11.4.1 Overview
11.4.2 Inorganic Growth Strategies in the Medical Imaging Equipment Services Market, 2016-2019 (%)
11.4.3 Agreement
11.4.3.1 Recent Agreement By Players In The Medical Imaging Equipment Services Market
11.4.4 Acquisition
11.4.4.1 Recent Acquisition By Players In The Medical Imaging Equipment Services Market
11.4.5 Partnerships & Mergers
11.4.5.1 Recent Partnerships & Mergers By Players In The Medical Imaging Equipment Services Market
12. US Medical Imaging Equipment Services Market – Key Company Profiles
12.1 Hitachi, Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 Product Portfolio
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Hologic Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 Product Portfolio
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Koninklijke Philips N.V.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 Product Portfolio
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 General Electric Company
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 Product Portfolio
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Shimadzu Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Information
12.5.4 Product Portfolio
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Siemens AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 Product Portfolio
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Canon Medical Systems Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 Product Portfolio
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Carestream Health
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Information
12.8.4 Product Portfolio
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Agiliti
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 Product Portfolio
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Althea Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 Product Portfolio
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
LIST OF TABLES
Table 1. North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
Table 2. North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)
Table 3. North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)
Table 4. North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 5. North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
Table 6. North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)
Table 7. North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)
Table 8. North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 9. US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
Table 10. US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)
Table 11. US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)
Table 12. US Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 13. Canada Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
Table 14. Canada Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)
Table 15. Canada Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)
Table 16. Canada Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 17. Mexico Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
Table 18. Mexico Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Service Providers (US$ Mn)
Table 19. Mexico Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Modality (US$ Mn)
Table 20. Mexico Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By End User (US$ Mn)
Table 21. Recent Product Launches in the Medical Imaging Equipment Services market
Table 22. Recent Product Approval in the Medical Imaging Equipment Services market
Table 23. Recent Other Activities By Players In The Medical Imaging Equipment Services Market
Table 24. Recent Agreement By Players In The Medical Imaging Equipment Services Market
Table 25. Recent Acquisition By Players In The Medical Imaging Equipment Services Market
Table 26. Recent Partnerships & Mergers By Players In The Medical Imaging Equipment Services Market
Table 27. Glossary of Terms, Medical Imaging Equipment Services Market
LIST OF FIGURES
Figure 1. US Medical Imaging Equipment Services Market, Revenue (US$ Mn), By Country 2018 & 2027
Figure 2. North America Medical Imaging Equipment Services Market By Service Type, Market Share (%), 2018
Figure 3. North America Medical Imaging Equipment Services Market By Service Providers, Market Share (%), 2018
Figure 4. North America Medical Imaging Equipment Services Market By Modality, Market Share (%), 2018
Figure 5. North America Medical Imaging Equipment Services Market By End User, Market Share (%), 2018
Figure 6. Medical Imaging Equipment Services Market Segmentation
Figure 7. North America PEST Analysis
Figure 8. Medical Imaging Equipment Services Market Impact Analysis of Drivers & Restraints
Figure 9. North America Medical Imaging Equipment Services Market – Revenue Forecasts and Analysis – 2018- 2027
Figure 10. Market Positioning of Key Players In North America Medical Imaging Equipment Services Market
Figure 11. North America Medical Imaging Equipment Services Market, by Service Type 2018 & 2027 (%)
Figure 12. Equipment Repair and Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Refurbished Systems Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Technical Training Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Equipment Removal and Relocation Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Software Upgrades Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Medical Imaging Equipment Services Market By Service Providers, 2018 & 2027 (%)
Figure 18. Original Equipment Manufacturers (OEM) Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Independent Service Organizations Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Medical Imaging Equipment Services Market By Modality, 2018 & 2027 (%)
Figure 21. X-Ray Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Ultrasound Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Magnetic Resonance Imaging (MRI) Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Computed Tomography (CT) Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. North America Medical Imaging Equipment Services Market By End User, 2018 & 2027 (%)
Figure 27. Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Diagnostic Centers Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 30. North America Medical Imaging Equipment Services Market Revenue Overview, by Country, 2018 (US$ MN)
Figure 31. North America Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. North America Medical Imaging Equipment Services Market Revenue And Forecasts to 2027, By Country (%)
Figure 33. US Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 34. Canada Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 35. Mexico Medical Imaging Equipment Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 36. Growth Strategies in the Medical Imaging Equipment Services Market, 2016-2019
Figure 37. Organic Growth Strategies in the Medical Imaging Equipment Services Market, 2016-2019 (%)
Figure 38. Inorganic Developments in the Medical Imaging Equipment Services Market, 2016-2019(%)

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