Australia Radiology Services Market report contains detailed information on factors influencing opportunities, demand, growth, challenges, drivers, and restraints. It provides detailed information about the structure of global and regional industries. The report also includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Australia Radiology Services Market by region.
Australia radiology services market is expected to gain market growth a CAGR of 10.9% in the forecast period of 2019 to 2027 and expected to reach USD 56,058.73 million by 2027. As per the estimates of Australian Institute of Health and Welfare, one in two Australians have at least one of the eight common chronic diseases including cardiovascular disease, diabetes, mental health conditions, back pain problems, chronic obstructive pulmonary disease, arthritis, asthma and cancer.
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Strategic Initiatives by Australia Radiology Services For Market Acquisition
Australia radiology services market also provides you with detailed market analysis for every country growth in radiology services market, volume of imaging exams, impact of technological development and changes in regulatory scenarios with their support for the radiology services market.
Australia Radiology Services Market Scope and Size-
· On the basis of type, Australia radiology services market is segmented into services and products. The Australia radiology services market is dominated by the services segment. One of the primary factors attributed to the growth of the radiology services in Australia is ability to reciprocate to massive demand. The country’s the public health system is accessed by patients for free or at a lower cost through Medicare (funded by tax). The favourable reimbursement scenario coupled with competent healthcare infrastructure is boosting the growth of radiology services in Australia.
· On the basis of procedure, Australia radiology services market is segmented into conventional and digital. The highest share is held by conventional radiology procedures due to highest number of scans performed. These services are available even in rural and remote areas and hence available to a larger share of population.
· On the basis of radiation type, Australia radiology services market is segmented into diagnostics and interventional radiology. The market share for diagnostics is higher with the increasing number of patients accessing diagnostic imaging services. As per the Australian diagnostic imaging association, more than nine million Australians were estimated to access 24 million individual radiology services including x-ray, ultrasound, CT, and MRI scans in the FY 2017-18.
· On the basis of application, Australia radiology services market is segmented into cardiology, pelvic and abdominal, oncology, neurology, urology, musculoskeletal, gynaecology, dental, and others. The application of radiology services in diagnosis and management of cardiovascular diseases is boosting the market. Coronary heart disease is responsible for 8% of the total disease burden in Australia whereas strokes encompass 3% of the total disease burden in Australia.
· On the basis of end users, Australia radiology services market is segmented into hospitals, ambulatory centers, diagnostic centers and clinics. Hospitals hold the highest share amongst the end users primarily due to favourable government initiatives. Medicare benefits and the Australian Health Care Agreement effectively fund the public hospitals to deliver radiology services to outpatients which favor the growth of the market in the region.
Top Players Analysed in the Report are:
Koninklijke Philips N.V., Siemens, GE Healthcare, Medica Reporting Ltd., Sonic Healthcare, 4ways Limited, Everlight Radiology, Althea UK, InHealth Group, Global Diagnostics, Healius Limited, Alliance Medical, Vital Radiology Services, DMC Healthcare, I-MED Radiology Network
Key Questions Answered with this Study
· What makes Australia Radiology Services Market feasible for long-term investment?
· Know value chain areas where players can create value in this market?
· What geographic region would have better demand for products or services?
· How are the influencing factors driving the demand of Australia Radiology Services in the next few years?
· What is the impact of various factors in the Global Australia Radiology Services market growth?
· What strategies of big players help them acquire a share in a grown-up market?
· How Technology and Customer-Centric Innovation is bringing big Change in Australia Radiology Services Market?
· What are the drivers and restraints of the Australia Radiology Services market?
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