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Diagnostic Imaging Services Market Analysis By Modality(X-ray, Nuclear Medicine Scans, MRI Scans, CT Scans, Ultrasound), By Application(General radiography, Dentistry, Other X-ray applications), By End User(Hospitals, Diagnostic Imaging Centers) & Forecast 2024-2035

  • PUBLISHED ON
  • 1/12/2023
  • NO OF PAGES
  • 250
  • CATEGORY
  • Healthcare & Life Sciences

The global diagnostic imaging services market size was valued at USD 550.3 billion in 2021 and is projected to reach around USD 860.6 billion in 2030, exhibiting a CAGR of 5.0% in the forecast period. The increasing prevalence of chronic diseases, fast growing geriatric population, technological advancements in imaging modalities, and growing demand for early diagnosis of diseases are boosting the market growth. As per the reports of GLOBOCAN, in 2020, approximately 19.3 million new incidences of cancer were registered globally, and it is anticipated to grow to 30.2 million in 2040. The most affected would be the developing markets, as the population growth is projected to be most significant in mounting areas. Furthermore, incorporation of advanced technologies in medical imaging is considerably boosting the effectiveness of diagnosis which eventually is driving the market growth. However, rising cost of diagnostic imaging equipment, dearth of skilled workforce and critical reimbursement structure of outpatient imaging amenities in lower income nations are projected to hamper the overall growth of the market.


DESCIMG1
 


Source: GLOBOCAN 2020

Medical imaging plays a vital role in identification of chronic disorders. The inactive lifestyle and aging population have caused in several chronic diseases such as cardiovascular disease, cancer, obesity, and diabetes. The decrease in fertility and improving longevity are prominent factors that lead to an aging population. As per the United Nations’ 2017 report, the geriatric population is expected to reach 2.1 billion by 2050 from 962 million in 2017. Similarly, the number of geriatric population in the U.S. is likely to surge by 6.3% between 2017 and 2050 to touch 108.4 million by 2050. Moreover, the population of baby boomers is considerably rising. This age group is vulnerable to various chronic disorders such as cancer, spinal disorders, kidney diseases, and cardiovascular diseases.  

The widespread pandemic has considerably affected the growth of several health centers and services across the globe. Moreover, the medical practitioners and physicians were reliant on the digital medication services to conduct the primary medical services, aside from COVID treatments. The COVID patients who were diagnosed as negative in their RT-PCR tests were suggested to acquire a CT scan of their lungs.

The growing COVID infected patients in several countries were advised to acquire CT scans to diagnose their condition. According to an article titled, Chest radiograph at admission forecasts early intubation between inpatient COVID-19 patients appearing in European Radiology in November 2020, chest radiography was important in identifying COVID-19 patients who were rapidly deteriorating and helped to inform clinical management and a hospital bed and ventilation allocation. On the other hand, the COVID infection had directed to pneumonia and other chronic disorders. Such factors have also increased the demand for CT scans and x-rays. The low-dose CT scans and imaging systems were highly favoured during the pandemic.

Modality Insights

In 2021, X-ray had the largest market share of the diagnostic imaging services market. For various tests and operations, X-ray is among the widely performed medical imaging modalities. This service offers non-invasive disease diagnosis and monitoring and support in surgical treatment planning.

However, the CT scan segment is expected to expand significantly during the forecast period. This imaging modality’s primary benefit is that it allows for simultaneous detailed imaging of blood vessels, bone, and soft tissues.

Application Insights

The general radiography segment will have the largest share in the market during the forecast period. The large share of can be ascribed to the increasing prevalence of lung diseases worldwide and the rising use of 3D X-ray imaging technology in applications for chest, orthopaedic & rheumatological, and cardiovascular imaging.

End User Insights

The hospitals segment can be attributed to hold the largest growing adoption of 3D imaging technology, increasing adoption of minimally invasive procedures and ongoing collaboration with market players to adopt diagnostic imaging solutions. In April 2022, Siemens Healthineers (Germany) collaborated with Oulu University Hospital (Finland) to grow radiology solutions through installing, supplying, and maintaining medical imaging technology and software training in Finland.

Regional Insights

North America accounted for the largest share of the diagnostic imaging services market in 2021. The growth of the North American market is primarily driven by the strong foothold of key players in the region offering wide range of diagnostic imaging services. increased collation among imaging service providers and diagnostic centers, rapid adoption of highly advanced imaging technology, and rising volume of imaging scans performed annually in the region. The American College of Radiology (ACR), which represents approximately 40,000 radiologists in the United States, issued regulation that CTs and X-rays should not be used as primary method for the diagnosis or screening for COVID-19, as it is highly infectious.

Moreover, the United States contributes the largest share in the diagnostic imaging services market that can be ascribed to the rising technological advances, greater affordability rates from the population, and the number of diagnostic procedures growing on yearly basis. For instance, in October 2020, Siemens Healthineers received FDA clearance for the Ysio Max digital radiography system, which comprises new detectors and usability features that advance imaging and quicken exams.

On the other hand, Asia pacific is projecting a growth rate of more than 7.5%, which is due to rising economic condition in the nations such as India, Japan, and China. Moreover, the rising number of diagnostic imaging systems manufacturing plants in the region is further boosting the overall growth of the diagnostic imaging services market. For instance, Olympus holds about 70% of the market share in the total Asia-pacific nations and has reported above USD 7.3 billion in the year 2020 despite the COVID disruptions.

Key Companies Insights

Key players are aiming on their technological collaborations, partnerships, and merger & acquisitions strategies to achieve a competitive edge and expand their product portfolio & business footmarks. The ongoing Covid-19 pandemic hindered the healthcare systems across the globe and drove market players to modernize products for unexploited opportunities. Some of the key players operating in the global diagnostic imaging services market include:

·         Global Diagnostics

·         RadNet, Inc

·         Alliance Medical

·         Center for Diagnostic Imaging, Inc

·         Medica Group

·         Novant Health

·         Concord Medical Services Holdings Limited

·         InHealth Group

·         Sonic Healthcare

·         Healthcare Imaging Services Pty Ltd.

·         Other players

Some of the Recent Developments:

·         In May 2021, Royal Philips launched spectral detector-based Spectral Computed Tomography (CT) 7500. The innovative and latest intelligent system provides high-quality spectral images for each patient per scan 100% of the time to help enhance disease characterization and decrease rescans and follow-ups, all at the same dose levels as traditional scans.

·         In April 2021, the United States Food and Drug Administration (FDA) permitted the product single-source Nanox.ARC digital x-ray technology developed by NANO-X IMAGING.

·         In 2020, GE Healthcare launched its form of the basic POCUS system, which is considered as the first AI-enabled system for cardiac diagnostics

·         In November 2018, Akumin Inc. acquired four outpatient diagnostic imaging facilities in Broward County and one imaging center in Florida from Diagnostic Professionals Inc. to grow its regional presence in mid and south Florida.

Segments

By Modality

·         X-ray

·         Nuclear Medicine Scans

·         MRI Scans

·         CT Scans

·         Ultrasound

By Application

·         General radiography

·         Dentistry

·         Other X-ray applications

By End User

·         Hospitals

·         Diagnostic Imaging Centers


Global Diagnostic Imaging Services Market: Regional Analysis
The countries covered in the regional analysis of the Global Diagnostic Imaging Services market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Diagnostic Imaging Services market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Diagnostic Imaging Services would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Diagnostic Imaging Services Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Diagnostic Imaging Services Revenue
1.4 Market Analysis by Type
1.4.1 Global Diagnostic Imaging Services Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Diagnostic Radiology
1.4.3 Ultrasound
1.4.4 Computed Tomography (CT)
1.4.5 Magnetic Resonance Imaging (MRI)
1.4.6 Nuclear Imaging
1.5 Market by Application
1.5.1 Global Diagnostic Imaging Services Market Share by Application: 2023-2032
1.5.2 Diagnostic Imaging Centers
1.5.3 Hospital and Clinics
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Diagnostic Imaging Services Market
1.8.1 Global Diagnostic Imaging Services Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Diagnostic Imaging Services Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Diagnostic Imaging Services Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Diagnostic Imaging Services Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Diagnostic Imaging Services Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Diagnostic Imaging Services Sales Volume Market Share by Region (2017-2022)
3.2 Global Diagnostic Imaging Services Sales Revenue Market Share by Region (2017-2022)
3.3 North America Diagnostic Imaging Services Sales Volume
3.3.1 North America Diagnostic Imaging Services Sales Volume Growth Rate (2017-2022)
3.3.2 North America Diagnostic Imaging Services Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Diagnostic Imaging Services Sales Volume
3.4.1 East Asia Diagnostic Imaging Services Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Diagnostic Imaging Services Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Diagnostic Imaging Services Sales Volume (2017-2022)
3.5.1 Europe Diagnostic Imaging Services Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Diagnostic Imaging Services Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Diagnostic Imaging Services Sales Volume (2017-2022)
3.6.1 South Asia Diagnostic Imaging Services Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Diagnostic Imaging Services Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Diagnostic Imaging Services Sales Volume (2017-2022)
3.7.1 Southeast Asia Diagnostic Imaging Services Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Diagnostic Imaging Services Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Diagnostic Imaging Services Sales Volume (2017-2022)
3.8.1 Middle East Diagnostic Imaging Services Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Diagnostic Imaging Services Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Diagnostic Imaging Services Sales Volume (2017-2022)
3.9.1 Africa Diagnostic Imaging Services Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Diagnostic Imaging Services Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Diagnostic Imaging Services Sales Volume (2017-2022)
3.10.1 Oceania Diagnostic Imaging Services Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Diagnostic Imaging Services Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Diagnostic Imaging Services Sales Volume (2017-2022)
3.11.1 South America Diagnostic Imaging Services Sales Volume Growth Rate (2017-2022)
3.11.2 South America Diagnostic Imaging Services Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Diagnostic Imaging Services Sales Volume (2017-2022)
3.12.1 Rest of the World Diagnostic Imaging Services Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Diagnostic Imaging Services Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Diagnostic Imaging Services Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Diagnostic Imaging Services Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Diagnostic Imaging Services Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Diagnostic Imaging Services Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Diagnostic Imaging Services Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Diagnostic Imaging Services Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Diagnostic Imaging Services Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Diagnostic Imaging Services Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Diagnostic Imaging Services Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Diagnostic Imaging Services Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Diagnostic Imaging Services Sales Volume Market Share by Type (2017-2022)
14.2 Global Diagnostic Imaging Services Sales Revenue Market Share by Type (2017-2022)
14.3 Global Diagnostic Imaging Services Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Diagnostic Imaging Services Consumption Volume by Application (2017-2022)
15.2 Global Diagnostic Imaging Services Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Diagnostic Imaging Services Business
16.1 RadNet Inc
16.1.1 RadNet Inc Company Profile
16.1.2 RadNet Inc Diagnostic Imaging Services Product Specification
16.1.3 RadNet Inc Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 MedQuest Associates Inc
16.2.1 MedQuest Associates Inc Company Profile
16.2.2 MedQuest Associates Inc Diagnostic Imaging Services Product Specification
16.2.3 MedQuest Associates Inc Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Center for Diagnostic Imaging (CDI)
16.3.1 Center for Diagnostic Imaging (CDI) Company Profile
16.3.2 Center for Diagnostic Imaging (CDI) Diagnostic Imaging Services Product Specification
16.3.3 Center for Diagnostic Imaging (CDI) Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Sonic Healthcare
16.4.1 Sonic Healthcare Company Profile
16.4.2 Sonic Healthcare Diagnostic Imaging Services Product Specification
16.4.3 Sonic Healthcare Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Concord Medical Services Holdings Limited
16.5.1 Concord Medical Services Holdings Limited Company Profile
16.5.2 Concord Medical Services Holdings Limited Diagnostic Imaging Services Product Specification
16.5.3 Concord Medical Services Holdings Limited Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Alliance Medical
16.6.1 Alliance Medical Company Profile
16.6.2 Alliance Medical Diagnostic Imaging Services Product Specification
16.6.3 Alliance Medical Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Simon Med/Dignity Health
16.7.1 Simon Med/Dignity Health Company Profile
16.7.2 Simon Med/Dignity Health Diagnostic Imaging Services Product Specification
16.7.3 Simon Med/Dignity Health Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 Touchstone Imaging
16.8.1 Touchstone Imaging Company Profile
16.8.2 Touchstone Imaging Diagnostic Imaging Services Product Specification
16.8.3 Touchstone Imaging Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Consensys Imaging Service, Inc
16.9.1 Consensys Imaging Service, Inc Company Profile
16.9.2 Consensys Imaging Service, Inc Diagnostic Imaging Services Product Specification
16.9.3 Consensys Imaging Service, Inc Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 InHealth Group
16.10.1 InHealth Group Company Profile
16.10.2 InHealth Group Diagnostic Imaging Services Product Specification
16.10.3 InHealth Group Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 Dignity Health
16.11.1 Dignity Health Company Profile
16.11.2 Dignity Health Diagnostic Imaging Services Product Specification
16.11.3 Dignity Health Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 Novant Health
16.12.1 Novant Health Company Profile
16.12.2 Novant Health Diagnostic Imaging Services Product Specification
16.12.3 Novant Health Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.13 Medica Group
16.13.1 Medica Group Company Profile
16.13.2 Medica Group Diagnostic Imaging Services Product Specification
16.13.3 Medica Group Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.14 Global Diagnostics
16.14.1 Global Diagnostics Company Profile
16.14.2 Global Diagnostics Diagnostic Imaging Services Product Specification
16.14.3 Global Diagnostics Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.15 Healthcare Imaging Services
16.15.1 Healthcare Imaging Services Company Profile
16.15.2 Healthcare Imaging Services Diagnostic Imaging Services Product Specification
16.15.3 Healthcare Imaging Services Diagnostic Imaging Services Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Diagnostic Imaging Services Manufacturing Cost Analysis
17.1 Diagnostic Imaging Services Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Diagnostic Imaging Services
17.4 Diagnostic Imaging Services Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Diagnostic Imaging Services Distributors List
18.3 Diagnostic Imaging Services Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Diagnostic Imaging Services (2023-2032)
20.2 Global Forecasted Revenue of Diagnostic Imaging Services (2023-2032)
20.3 Global Forecasted Price of Diagnostic Imaging Services (2017-2032)
20.4 Global Forecasted Production of Diagnostic Imaging Services by Region (2023-2032)
20.4.1 North America Diagnostic Imaging Services Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Diagnostic Imaging Services Production, Revenue Forecast (2023-2032)
20.4.3 Europe Diagnostic Imaging Services Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Diagnostic Imaging Services Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Diagnostic Imaging Services Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Diagnostic Imaging Services Production, Revenue Forecast (2023-2032)
20.4.7 Africa Diagnostic Imaging Services Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Diagnostic Imaging Services Production, Revenue Forecast (2023-2032)
20.4.9 South America Diagnostic Imaging Services Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Diagnostic Imaging Services Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Diagnostic Imaging Services by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Diagnostic Imaging Services by Country
21.2 East Asia Market Forecasted Consumption of Diagnostic Imaging Services by Country
21.3 Europe Market Forecasted Consumption of Diagnostic Imaging Services by Countriy
21.4 South Asia Forecasted Consumption of Diagnostic Imaging Services by Country
21.5 Southeast Asia Forecasted Consumption of Diagnostic Imaging Services by Country
21.6 Middle East Forecasted Consumption of Diagnostic Imaging Services by Country
21.7 Africa Forecasted Consumption of Diagnostic Imaging Services by Country
21.8 Oceania Forecasted Consumption of Diagnostic Imaging Services by Country
21.9 South America Forecasted Consumption of Diagnostic Imaging Services by Country
21.10 Rest of the world Forecasted Consumption of Diagnostic Imaging Services by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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