Many insurance companies have adopted effective marketing strategies to shift the patient volume to low-cost independent diagnostic centers and reduce the price point associated with urology imaging systems.
In 2022, sales in the global Urology Imaging Systems Marketare anticipated to reach US$ 391.6 Million. By 2028, the market size is expected to reach US$ 486.4 Million, growing at a healthy 3.7% CAGR.
Sales in the global Urology Imaging Systems Market are slated to top US$ 391.6 Million in 2022. Expanding at a healthy 3.7% CAGR, the market size is projected to total US$ 486.4 Million by 2028. According to the latest research by the FMI, the global urology imaging systems market is expected to account for over US$ 486.4 Million, in terms of value, by 2028 end.
The report on the Urology Imaging Systems Market further projects substantial growth potential with CAGR of 3.7% over 2022-2028. While hospitals will continue to register the highest revenue share in terms of urology imaging systems adoption, the report highlights limited investment opportunities for manufacturers of urology imaging systems, within clinics.
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Favorable Reimbursement Scenario, Supported by Increasing Number of Diagnostic Establishments Driving Market Growth
In the recent years, the number of independent diagnostics and imaging centers in various developed and developing regions has seen a significant spike, overcoming a series of volume and reimbursement pressures in an effort to sustain profitability and achieve better margins. This according to the report is expected to drive the growth of the Urology Imaging Systems market.
Many insurance companies have adopted effective marketing strategies to shift the patient volume to low-cost independent diagnostic centers and reduce the price point associated with urology imaging systems. Independent diagnostic imaging centers offer better service and often of superior quality, generally at the expense of local hospitals and weak operators. The development of low cost portable urology imaging systems is providing leverage to current imagining centers and subsequently driving the growth of Urology Imaging Systems market.
The report tracks strategic developments of some of the prominent players competing in the global urology imaging systems market, including GE Healthcare, Toshiba Medical, Philips Healthcare, Hitachi-Aloka Medical, Siemens Healthineers, Samsung Medison, Mindray, Fujifilm Sonosite, Esaote, and Analogic. The report also provides key aspects and trends in the Urology Imaging Systems market, including reimbursement scenario, average selling price, and country-wise revenue analysis.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
May 29, 2023
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