New Zealand Radiology Services Market, By Procedure (Conventional, Digital), Patient Age (Adults, Pediatric), Radiation Type (Diagnostics, Interventional Radiology), Application (Cardiovascular, Oncology, Gynecology, Neurology, Urology, Dental, Pelvic and Abdominal, Musculoskeletal, Others), End Users (Hospitals, Ambulatory Centers, Diagnostic Centers, Clinics), Country (New Zealand) – Industry Trends and Forecast to 2030.
New Zealand Radiology Services Market Analysis and Size
Radiology is defined as the medical specialty for diagnosing and treating an injury with the use of imaging techniques such as positron emission tomography (PET), ultrasound, X-rays, computed tomography (CT), fusion imaging and magnetic resonance imaging (MRI). These imaging techniques require an understanding of radiation safety and protection and adequate training.
Data Bridge Market Research analyses that the New Zealand radiology services market which was USD 359.53 million in 2022, would rocket up to USD 672.90 million by 2030, and is expected to undergo a CAGR of 8.15% during the forecast period. This indicates that the market value. “Imaging and Monitoring Systems” dominates the diagnostic devices segment of the New Zealand radiology services market owing to the increased incidence of chronic and lifestyle disorders. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
New Zealand Radiology Services Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Procedure (Conventional, Digital), Patient Age (Adults, Pediatric), Radiation Type (Diagnostics, Interventional Radiology), Application (Cardiovascular, Oncology, Gynecology, Neurology, Urology, Dental, Pelvic and Abdominal, Musculoskeletal, Others), End Users (Hospitals, Ambulatory Centers, Diagnostic Centers, Clinics)
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Countries Covered
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New Zealand
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Market Players Covered
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Siemens (Germany), 4ways Limited (England), MEDNAX, Inc. (U.S.), Everlight Radiology (London), RadNet, Inc. (U.S.), Medica Reporting Ltd. (UK), ONRAD, Inc. (U.S.), UNILABS (Switzerland), Radiology Reports online (U.S.), GE healthcare (U.S.), and Koninklijke Philips N.V. (Netherlands) among others.
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Market Opportunities
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Market Definition
Radiology is defined as the medical specialty for diagnosing and treating an injury with the use of imaging techniques such as positron emission tomography (PET), ultrasound, X-rays, computed tomography (CT), fusion imaging and magnetic resonance imaging (MRI). These imaging techniques require an understanding of radiation safety and protection and adequate training.
New Zealand Radiology Services Market Dynamics
Drivers
- Increasing Healthcare Expenditure
The overall growth in healthcare expenditure in New Zealand is a significant driver for the radiology services market. As healthcare funding continues to increase, there is a greater emphasis on expanding access to diagnostic services, including radiology, to improve patient outcomes and facilitate timely and accurate diagnoses.
- Aging Population and Prevalence of Chronic Diseases
The aging population in New Zealand is a key driver for the radiology services market. With an aging demographic, there is a higher incidence of chronic diseases, such as cardiovascular diseases, cancer, and musculoskeletal disorders. Radiology services play a crucial role in diagnosing and monitoring these conditions, leading to increased demand for imaging services.
- Increasing Awareness and Screening Programs
Growing awareness about the importance of early detection and screening for various diseases, such as breast cancer, lung cancer, and cardiovascular conditions, has led to an increased demand for radiology services. Screening programs and public health initiatives have been established to identify diseases at an early stage, driving the need for diagnostic imaging services.
Opportunities
- Advancements in Radiology Technologies
The rapid advancements in imaging technology have had a significant impact on the radiology services market. New Zealand has witnessed the introduction of state-of-the-art imaging equipment and techniques, such as 3D mammography, high-resolution MRI, and positron emission tomography (PET), which offer higher precision and improved diagnostic capabilities. These technological advancements drive the demand for radiology services and attract patients seeking the latest diagnostic imaging options.
Restraints/Challenges
- Limited Resources and Capacity
The availability of resources, including skilled radiologists, imaging equipment, and specialized facilities, can be a significant restraint for the radiology services market. New Zealand, with its smaller population and geographic dispersion, may face challenges in adequately meeting the demand for radiology services, particularly in rural and remote areas. Limited resources and capacity can result in longer wait times for imaging services and impact patient access to timely diagnoses.
This Radiology Services Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the radiology services market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In May 2021, Infratil, a New Zealand-based investment firm, made a conditional agreement to purchase a majority stake in diagnostic imaging service provider Pacific Radiology for up to NZ$350 million (around $252 million).
- In September 2021, Nuance Communications, a US-based developer of conversational AI tools for healthcare, made available its AI-enabled radiology solutions – PowerScribe One reporting platform and mPower Clinical Analytics – in Australia and New Zealand.
New Zealand Radiology Services Market Scope
The radiology services market is segmented on the basis of procedure, patient age, radiation type, application, and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Procedures
- Conventional
- Digital
Patient Age
- Adults
- Pediatric
Radiation Type
- Diagnostics
- Interventional Radiology
Application
- Cardiovascular
- Oncology
- Gynecology
- Neurology
- Urology
- Dental
- Pelvic and Abdominal
- Musculoskeletal
- Others
End User
- Hospitals
- Ambulatory Centers
- Diagnostic Centers
- Clinics
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The radiology services market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kind of products for the radiology services market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the radiology services market. The data is available for the historic period 2015-2020.
Competitive Landscape and New Zealand Radiology Services Market Share Analysis
The radiology services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the radiology services market.
Some of the major players operating in the radiology services market are:
- Siemens (Germany)
- 4ways Limited (England)
- MEDNAX, Inc. (U.S.)
- Everlight Radiology (London)
- RadNet, Inc. (U.S.)
- Medica Reporting Ltd. (UK)
- ONRAD, Inc. (U.S.)
- UNILABS (Switzerland)
- Radiology Reports online (U.S.)
- GE healthcare (U.S.)
- Koninklijke Philips N.V. (Netherlands)
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