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The global mobile imaging services market size was valued at USD 1.85 billion in 2023. The market is projected to grow from USD 1.94 billion in 2024 to USD 2.91 billion by 2032, exhibiting a CAGR of 5.2% during the forecast period. North America dominated the mobile imaging services market with a market share of 37.84% in 2023.
Mobile imaging services use portable imaging equipment to provide comprehensive X-ray, ultrasound, and EKG services to various healthcare settings, including hospitals, long-term care settings, and others. These services enable patients to have flexible access to imaging technology.
The growing prevalence of various chronic conditions, including cancer, cardiology diseases, and others, is resulting in a rising number of patient admissions in hospitals and private clinics. Furthermore, the growing number of patient admissions is contributing to the surge in demand for these services among the patient population.
Moreover, rising demand for the services is driving the focus of key players to launch innovative imaging services among patients, thus likely to support the growing adoption rate, further contributing to the global market growth.
The impact of COVID-19 pandemic on the global market was negative due to reduced patient visits to healthcare settings globally. Also, a reduction in patient visits further led to limited demand for mobile imaging services in the market.
Increasing Preference Toward Mobile Imaging Services in Homecare Settings
There is a rising preference for diagnostic procedures at homecare settings owing to several benefits, such as improved diagnosis, reduced healthcare costs, less time consuming, and others. There is a growing focus of the prominent players operating in the market toward the expansion of the services portfolio for a wide range of applications among the patient population. One of the primary benefits of in-home mobile imaging services, including radiography, ultrasonography services, and others, is the elimination of the risks associated with patient transport, which further reduces the complications among the patient population.
Moreover, the key players are also focusing on inorganic growth strategies, such as acquisitions and mergers, to strengthen their presence in the market.
The benefits associated with in-home mobile imaging services have caused the shift from mobile imaging services in hospital settings to homecare settings.
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Increasing Prevalence for Chronic Conditions to Drive Market Growth
There is an increasing prevalence of chronic conditions, including orthopedic conditions, cardiovascular diseases, neurological diseases, and others, resulting in a growing number of patient admissions for the diagnosis of these conditions in healthcare settings. The rising number of patient admissions in healthcare settings is further contributing to a growing demand for imaging procedures in these healthcare settings among the population.
The growing benefits of mobile imaging procedures among the patients, such as better patient care, improved communication, portability, enhanced image analysis, and others, are resulting in a rising preference for mobile imaging services.
Furthermore, the rising number of domestic and international players focusing on improving their mobile imaging services is likely to support the increasing adoption rate for these services in the market and thus, driving the global mobile imaging services market growth.
High Costs Associated with Mobile Imaging Devices to Hamper Market Growth
There is a growing demand for mobile imaging services owing to its benefits among the patient population. However, one of the major limitations of these services is the high costs associated with the installation and maintenance of mobile imaging devices. The installation and further maintenance of mobile imaging equipment often require advanced infrastructure and incur various associated investments, which may become challenging for the service providers.
The higher cost of portable equipment compared to fixed imaging equipment such as X-ray systems, CT scan equipment, and others is resulting in the rising service cost for mobile imaging among service providers, further expected to limit the adoption rate of these services.
Thus, the high cost associated with these systems is enabling the service providers to purchase refurbished systems to cater to the growing demand among the patient population, especially in emerging countries, further hampering the adoption rate for these services in the market.
Increasing Demand for X-Ray Services Led to Dominance of Segment
Based on services, the market is segmented into X-ray, ultrasound, MRI, CT, and others.
The X-ray segment dominated the market in 2023 due to rising demand for portable X-ray services among the patient population, resulting in an increasing number of service providers offering X-ray services in the market. The increasing advantages of these X-ray services, such as reduced hospital visits for these procedures, are some of the additional factors supporting the growth of the segment in the market.
The ultrasound segment is also expected to grow with the highest CAGR. The growth is due to rising demand for mobile imaging ultrasound services, which is resulting in the growing focus of the key players toward widening their service range in the market, thus supporting the segmental growth globally.
The MRI and CT segment is also expected to grow with considerable growth globally. The growth is due to the growing prevalence of chronic conditions, such as cardiovascular conditions and neurological conditions, coupled with the rising benefits of these services among the patient population.
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Growing Number of Orthopedic Procedures Among Population Led to Dominance of Segment
Based on application, the market is segmented into oncology, gynecology, cardiology, orthopedics, and others.
The orthopedics segment dominated the market in 2023. The dominance of the segment can be attributed to distinct factors such as the growing prevalence of orthopedic injuries among the population, increasing imaging procedures, rapid advancement in mobile imaging equipment, and others.
The oncology segment is expected to grow with the highest CAGR during the forecast period. The growing demand for imaging services among patients suffering from oncology disorders is resulting in the rising focus of prominent players on launching innovative services in the market, thus contributing to the segmental growth.
The cardiology and gynecology segment is anticipated to grow at a considerable rate during the forecast period. The growth is due to the growing adoption rate for mobile imaging procedures such as X-ray, ultrasound, and others, which has resulted in an increasing number of key players offering novel services in the market.
Increasing Number of Services Offered in Diagnostic Imaging Centers Globally Led to Dominance of Segment
Amongst end-user, the market is segmented into hospitals & ASCs, diagnostic imaging centers, specialty clinics, homecare settings, and others.
The diagnostic imaging centers segment dominated the market in 2023. The rising number of diagnostic imaging centers resulting in the growing number of procedures are some of the major factors contributing to the growth of the segment.
The hospital & ASCs segment is also expected to grow at a considerable rate during the forecast period. The growth is due to the growing prevalence of chronic diseases, resulting in rising patient admissions in the hospitals & ASCs. The increasing number of patient admissions is further supporting the growing demand for mobile imaging procedures owing to the benefits of these services among the population.
Based on geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America Mobile Imaging Services Market Size, 2023 (USD Billion)
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North America was valued at USD 0.70 billion in 2023 and dominated the mobile imaging services market share. The increasing prevalence of chronic conditions, including orthopedic disorders, cardiovascular disorders, and others, developed healthcare infrastructure, adoption of advanced systems, strong potential patient base, and others, are some of the major factors contributing to the growth of the market in the region.
Europe is expected to grow during the forecast period. The growing prevalence of chronic conditions, such as orthopedic disorders, neurological disorders, and others, coupled with the rising focus of key players toward the expansion of the application range for these services, is likely to support the growing adoption rate for these services in the market.
Asia Pacific is also expected to grow at a considerable growth rate during the forecast period. The growth is due to a rising focus on inorganic growth strategies, such as regulatory approvals, for mobile imaging equipment, further supporting the growing demand for mobile imaging procedures in the market.
Additionally, the market in Latin America and Middle East & Africa is estimated to register a considerable CAGR over the forecast period. The growth is due to a rising focus on inorganic growth strategies among the key players to strengthen their service portfolio for mobile imaging procedures. This, along with growing awareness and the advent of technological advancements in mobile imaging equipment is likely to support the growth of the market in the region.
Strong Focus of Prominent Players to Strengthen their Service Portfolio to Boost Market Growth
The global market is fragmented with many prominent players operating in the market with a wide service portfolio. Akumin Inc., Cobalt Health, and DMS Health are the prominent players operating in the market, focusing on inorganic growth strategies such as acquisitions and mergers among the other players to strengthen their presence in the market. This, along with a growing focus on recognition awards, are some of the other factors contributing to the growth of the company in the market.
Also, the rising focus on the research and development activities to launch innovative services among key players, such as Atlantic Mobile Imaging, Accurate Imaging Diagnostics, The HCS Group, TRIDENT CARE, and others, are likely to support the growing share of these players in the market.
The global mobile imaging services market report provides a detailed market analysis. It focuses on key aspects, such as market size & market forecast, market segmentation based on services, application, and end user, and competitive landscape. It also gives an overview of the prevalence of chronic conditions in key countries/regions, new service launches, acquisitions and mergers among the prominent players, and others.
Besides, the report offers insights into the latest market trends, market statistics, and key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the market's growth in recent years.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 5.2% from 2024-2032 |
Unit | Value (USD billion) |
Segmentation | By Services
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By Application
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By End-User
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By Geography
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Fortune Business Insights says that the global market was valued at USD 1.85 billion in 2023 and is projected to record a valuation of USD 2.91 billion by 2032.
In 2023, the North American market value stood at USD 0.70 billion.
The market will exhibit a steady 5.2% CAGR during the forecast period of 2024-2032.
Amongst services, the X-ray segment is the leading segment in this market during the forecast period.
The key driving factors of the market include the rising prevalence of chronic conditions, increasing demand for mobile imaging procedures, developed healthcare infrastructure, and the launch of novel services in the market.
DMS Health, Cobalt Health, and Akumin Inc. are the leading players in the global market.
North America dominated the market share in 2023.
The launch of novel services among the prominent players, growing acquisitions and mergers among the other players, and others are some of the factors that are driving the service’s adoption.
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