North America Medical Imaging Equipment Services Market Recent
Study Segments, Future Growth 2027

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 North America Medical Imaging Equipment Services Market is experiencing growth driven by several key factors. 

These include the increasing number of hospitals and diagnostic centers, a growing emphasis on service quality leading to better performance, and a rising prevalence of both chronic and acute diseases. However, a potential risk factor that could impact market growth during the forecast period is the lack of sufficient funding and grants for diagnostic equipment.

Maintaining medical imaging equipment through regular servicing is crucial due to its complex nature and incorporation of diverse technologies. 

The highly regulated medical device industry invests heavily in emerging technologies, which, when integrated into imaging equipment, enhance its services, offerings, and overall attractiveness. These advancements lead to improved resolution, the introduction of new modalities, and increased portability. Consequently, consistent service helps maintain the equipment's performance, leading to higher product quality and improved patient outcomes, including lower morbidity rates, better health outcomes, and an enhanced quality of life. Furthermore, the integration of newer technologies can accelerate the obsolescence of existing equipment, creating a demand for renewal or corrective services. Therefore, routine corrective services are essential to uphold the quality and performance of North America Medical Imaging Equipment Services Market.

The United States currently holds the largest share of the North America Medical Imaging Equipment Services Market. This dominance is supported by its advanced healthcare infrastructure, a shift towards value-based service models, evolving reimbursement dynamics, and a greater adoption of sophisticated imaging modalities that necessitate frequent repair, maintenance, calibration, and inspection. Considering these factors, the US market is projected to be the largest contributor to the North American region's growth during the forecast period.

NORTH AMERICA MEDICAL IMAGING EQUIPMENT SERVICES MARKET SEGMENTATION

North America Medical Imaging Equipment Services Market By Service Type

• Equipment Repair and Maintenance
• Refurbished Systems
• Technical Training
• Equipment Removal and Relocation
• Software Upgrades

North America Medical Imaging Equipment Services Market By Service Providers

• Original Equipment Manufacturers (OEM)
• Independent Service Organizations

North America Medical Imaging Equipment Services Market By Modality

• X-Ray
• Ultrasound
• Magnetic Resonance Imaging (MRI)
• Computed Tomography (CT)
• Others

North America Medical Imaging Equipment Services Market By End User

• Hospitals
• Diagnostic Centers
• Others

North America Medical Imaging Equipment Services Market By Geography

• North America
• US
• Canada
• Mexico

North America Medical Imaging Equipment Services Market Company Profiles

• GENERAL ELECTRIC
• Siemens Healthineers AG
• Hitachi, Ltd.
• Hologic Inc.
• Koninklijke Philips N.V.
• Shimadzu Corporation
• Canon Inc.
• Carestream (Onex Corporation)
• Agility Health
• Althea Group

North America Medical Imaging Equipment Services Market Strategic Insights:

Strategic insights for the North America Medical Imaging Equipment Services market provide a data-driven analysis of the industry landscape, encompassing current trends, key market participants, and regional specificities. These insights offer actionable recommendations that enable stakeholders to differentiate themselves by identifying untapped market segments or developing unique value propositions. By leveraging data analytics, industry players – including investors, manufacturers, and others – can anticipate market shifts. Adopting a future-oriented perspective is vital for long-term success in this dynamic region. Ultimately, effective strategic insights empower stakeholders to make informed decisions that drive profitability and achieve their business objectives within this market.

North America Medical Imaging Equipment Services Regional Insights:

The geographic scope of the North America Medical Imaging Equipment Services market refers to the specific areas in which businesses operate and compete. Understanding local nuances, such as varying consumer preferences (e.g., demand for specific plug types or battery backup durations), diverse economic conditions, and different regulatory environments, is critical for tailoring market strategies. Businesses can expand their market reach by identifying underserved areas or adapting their offerings to meet local demands. A focused market approach allows for more effective resource allocation, targeted marketing campaigns, and improved positioning against local competitors, ultimately driving growth within those specific areas.

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights