Global Mobile Medical Imaging Services Market Size

Mobile Medical Imaging Services Market Analysis

The Mobile Medical Imaging Services Market is expected to register a CAGR of 5.1% during the forecast period (2022-2027).

COVID-19 has significantly impacted the growth of mobile medical imaging services due to the rise in the adoption of such services during the COVID-19 pandemic. For instance, according to the study published in the Journal of Medical Radiation Sciences, titled 'COVID-19 pandemic and the effect of increased utilization of mobile X-ray examinations on radiation dose to radiographers' in February 2022, COVID-19 pandemic and the effect of increased utilization of mobile X-ray examinations on radiation dose to radiographers due to increased utilization of mobile X-ray units, mobile imaging of non-routine body regions and radiographer work practice changes for impact on staff radiation dose during the early stages of the COVID-19 pandemic. The rise in the adoption of mobile imaging services during the pandemic is therefore expected to drive market growth during the pandemic.

The factors driving the growth of this market include the rise in demand for portability medical imaging technology and services, growing geriatric population, increasing prevalence of chronic diseases, among others.

The burden of chronic diseases is on the rise globally, and medical imaging procedures play a crucial role in the accurate diagnosis of chronic diseases. The increase in the aging population and changes in societal behavior are contributing to a steady increase in these common and costly long-term health problems. Most of the deaths by chronic diseases are attributable to cancer, cardiovascular diseases, obesity, and diabetes. According to GLOBOCAN, in 2020, about 19.3 million new cases of cancer were reported worldwide and this number is expected to increase to 30.2 million in the year 2040. The most affected would be the emerging markets, as the population growth is anticipated to be most significant in developing areas.

According to the World Population Aging Highlight of 2020 published by the United Nations, the global geriatric population (people of age 65 years or more) was 727 million in 2020, and it is expected to reach 1.5 billion by the end of 2050. Thus, the growing global geriatric population will have a significant impact on the growth of the mobile medical imaging due to high number of chronic diseases.

In addition, as per the research study published in February 2020, titled 'Ischemic stroke in young adults: a global perspective', about 11 million cases of ischemic strokes occurs every year across the world, of which more than half occurs in low- and middle-income countries and ischemic stroke is a major cause of long-term disability and has a profound effect on the quality of life of patients and caregivers, which is driving the demand for the effective diagnosis are expected to boost the growth of the mobile medical imaging services, due to the importance of early diagnosis of strokes.

Moreover, rising mobile health services is also expected to drive the growth of the market studied during the forecast period. For instance, in April 2021, The Stony Brook Cerebrovascular and Comprehensive Stroke Center (CVCSC) and the Stony Brook Renaissance School of Medicine Department of Emergency Services has launched a Mobile Stroke Unit. They will be essential expansions of stroke treatment, reaching patients earlier and saving more lives during the key 'golden hour' of stroke treatment. Patients will be taken to the nearest stroke centre, either a primary stroke centre or a Comprehensive Stroke Center, for treatment with this initiative. Rising initiatives of ambulatory stroke units will lead to increased adoption of the mobile medical imaging services, thereby expected to drive the growth of this segment.

Therfore, owing to the above mentioned factors, it is expected to show growth over the forecast period. However, high cost of mobile set up and imaging equipment and risk associated with radiation exposureare expected to hamper the market growth.