Mobile Imaging Services Market Size with Growth Opportunities, Future Trends and Share with Revenue Forecast 2022-2031

Kenneth Research recently added a report on Mobile Imaging Services Industry Market  in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Mobile Imaging Services Industry Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:

As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation. 

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“Mobile imaging services provide direct X-ray, electrocardiogram (EKG) and ultrasound services to medical institutions, homes, and the private sector. Medical imaging is a technology that creates a visual representation of the inside of the body and the function (physiology) of certain organs or tissues for clinical analysis and medical intervention. Medical imaging aims to diagnose and treat diseases. He also established a normal anatomy and physiology database to identify abnormalities. Mobile medical imaging technology is constantly changing the field of healthcare. On the one hand, with the aging of society and the increase in disease incidence, on the other hand, efforts to reduce healthcare expenditures and the shortage of professionals, mobile medical imaging solutions are gaining momentum. This is especially because a large part of the installation base is already digital, and the Picture Archiving and Communication System (PACS) is being implemented and used regularly. The last bastion of non-digital radiography, analog X-rays, is slowly disappearing, not only because of rising variable costs (related to rising silver prices), but also because of unsatisfactory image quality.

 Covid-19 scenario analysis: 

The COVID-19 coronavirus is affecting 213 countries and regions around the world. COVID-19 brings new challenges and requires manufacturers to innovate at an unprecedented rate. Supply chain disruptions, social distancing on high-touch assembly lines, limited travel capabilities, and the need for supervision have greatly increased the complexity of current processes.

The 2019 Coronavirus Disease (COVID-19) outbreak triggered a global health crisis and had a profound impact on the manufacturing market; the shortage of raw materials for Chinese manufacturers has led to a serious gap between supply and demand. In addition, due to the lockdown during COVID-19, the logistics industry has been severely affected, so it is expected that manufacturers will be stuck on raw material orders. Due to supply and manufacturing shortages, all of these have had a negative impact on the market, leading to a slowdown in the mobile imaging service market.

 Main influencing factors: 

Market scenario analysis, trends, driving factors and impact analysis:
Driving factors: Improve image quality and portability: Mobile imaging equipment brings significant benefits to stakeholders: Improve the efficiency of healthcare services and better access to medical care Health care and faster response time combined with its (usually) lower price. Vendors are releasing new versions and types of mobile imaging devices effortlessly. All major market players provide mobile diagnostic imaging equipment.

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Almost all imaging methods, whether it is ultrasound, X-ray, MRI, CT scan or PET, have mobile versions. These devices are valuable in emergency rooms because they allow immediate examinations without the need to move the patient, and therefore can save time significantly, which is critical in these situations. They provide benefits in small hospitals with lower performance and are very valuable in intensive care units. Some methods such as ultrasound or X-ray are also available in portable versions, which are usually cheaper than fixed versions.

The initial development concept of portable devices was to provide limited medical services to patients in developing countries. They are also very popular in developed countries, mainly for home use, because they are small, light weight, and can be used in multiple locations, so they provide practitioners with greater flexibility. Portable devices are also a good solution for hospitals or clinics in sparsely populated areas, where the demand for specific types of scans (ultrasound, X-ray) is low, so there is no economic reason to install the machine in place. . The quality of mobile and portable imaging devices is improving significantly. Image resolution, reduced size, lighter weight, and better connectivity are just a few key areas that are driving significant improvements in the growth of the mobile imaging services market.

Technological advancement and efficiency: 

Mobile imaging services can help care providers perform many basic types of examinations, actively monitor the condition of patients, and are flexible enough to adapt to patients in any environment. Most importantly, moving images is much faster and cheaper than other alternatives.

With a 24-hour response time and almost instant access to image scans through online portals, mobile imaging enables care providers to diagnose problems in a faster time frame than third-party providers. This shorter time frame combined with the flexibility of mobile imaging can reduce the cost of caregivers. Mobile technology imaging providers now provide more comprehensive imaging services, such as ultrasound and electrocardiogram. Through mobile imaging, certified radiologists and technicians can go directly to medical institutions, residences or workplaces, and carry all the necessary equipment for various diagnostic tests. The evolving factors in healthcare management are driving mobile imaging services to gain momentum and become the mainstream of the healthcare industry. Mobile Imaging directly provides comprehensive X-ray, ECG and ultrasound services to medical institutions, families and businesses. It is generally cheaper and faster than third-party alternatives, and can help over-stressed internal imaging departments. Mobile image services can be seamlessly integrated into existing nursing services without additional management fees.

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