The New Zealand medical imaging services market was valued at $285 million in 2017, and is estimated to reach at $500 million by 2025, registering a CAGR of 7.3% from 2018 to 2025.
Different types of medical imaging modalities are available in the market that are used to analyze the human body for diagnosis and treatment of a variety of diseases, and hence play a vital role in improving public health. This field has been revolutionized from bedside monitoring toward high-end digital scanning. Rapid growth in geriatric population is expected to provide an impetus for technological innovations in the imaging industry.
Major factors that drive the market growth are increase in prevalence of chronic diseases and rise in technological advancements in the field of medical imaging. However, high cost associated with sophisticated imaging modalities is expected to restrict the growth of the New Zealand medical imaging services market. Moreover, increase in demand for use of multiple medical imaging modalities for early diagnosis of diseases paves way for lucrative opportunities for key market players.
This report segments the New Zealand medical imaging services market on the basis of modality, application, city, provider, and payer to provide a detailed assessment of the market. Based on modality, the market is divided into X-ray imaging, ultrasound imaging, computed tomography (CT) scan, magnetic resonance imaging (MRI), nuclear imaging, and mammography.
The applications covered in the study include cardiovascular & thoracic, gynecology, neuro & spine, breast health, general imaging, orthopedics & musculoskeletal, and others. Based on provider, the market is classified into public provider and private provider. Based on payer, it is differentiated into district health board, accident compensation commission (ACC), private health insurance, patients, and others. Cities analyzed in this market are Auckland, Wellington, Christchurch, Hamilton, Tauranga, and rest of New Zealand.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
o Gynecology
o Neuro & Spine
o Breast Health
o General Imaging
o Orthopedics & Musculoskeletal
o Others
o Private Provider
o Accident Compensation Commission (ACC)
o Private Health Insurance
o Patients
o Others
o Auckland
o Wellington
o Hamilton
o Tauranga
o Rest of New Zealand
LIST OF KEY PLAYERS PROFILED IN THE REPORT (SERVICE PROVIDERS)
LIST OF KEY PLAYERS PROFILED IN THE REPORT (DEVICE PROVIDERS)
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)
Major factors that drive the market growth are increase in prevalence of chronic diseases and rise in technological advancements in the field of medical imaging. However, high cost associated with sophisticated imaging modalities is expected to restrict the growth of the New Zealand medical imaging services market. Moreover, increase in demand for use of multiple medical imaging modalities for early diagnosis of diseases paves way for lucrative opportunities for key market players.
This report segments the New Zealand medical imaging services market on the basis of modality, application, city, provider, and payer to provide a detailed assessment of the market. Based on modality, the market is divided into X-ray imaging, ultrasound imaging, computed tomography (CT) scan, magnetic resonance imaging (MRI), nuclear imaging, and mammography.
The applications covered in the study include cardiovascular & thoracic, gynecology, neuro & spine, breast health, general imaging, orthopedics & musculoskeletal, and others. Based on provider, the market is classified into public provider and private provider. Based on payer, it is differentiated into district health board, accident compensation commission (ACC), private health insurance, patients, and others. Cities analyzed in this market are Auckland, Wellington, Christchurch, Hamilton, Tauranga, and rest of New Zealand.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the New Zealand medical imaging services market, with current trends and future estimations to elucidate the imminent investment pockets.
- A quantitative analysis from 2017 to 2025 is discussed to enable the stakeholders to capitalize on the prevailing market opportunities.
- In-depth analysis of diagnostic imaging services based on scans such as MRI, X-ray, ultrasound, CT scan, mammography, and others is carried out in the report.
- The medical imaging market scenario in New Zealand is comprehensively analyzed in accordance to the key cities.
KEY MARKET SEGMENTS
- By Modality
- X-ray
- Ultrasound
- CT Scan
- MRI
- Nuclear Imaging
- Mammography
- By Application
o Gynecology
o Neuro & Spine
o Breast Health
o General Imaging
o Orthopedics & Musculoskeletal
o Others
- By Provider
o Private Provider
- By Payer
o Accident Compensation Commission (ACC)
o Private Health Insurance
o Patients
o Others
- By Cities
o Auckland
o Wellington
o Hamilton
o Tauranga
o Rest of New Zealand
LIST OF KEY PLAYERS PROFILED IN THE REPORT (SERVICE PROVIDERS)
- Ascot Central
- eastMED Radiology Auckland
- Horizon Radiology
- Sonic Healthcare Limited
- TRG Imaging.
LIST OF KEY PLAYERS PROFILED IN THE REPORT (DEVICE PROVIDERS)
- Canon Inc. (Canon Medical Systems Corporation)
- Esaote S.p.A.
- Fujifilm Holdings Corporation
- General Electric Company (GE Healthcare)
- Hitachi Limited (Hitachi Medical Corporation)
- Hologic, Inc.
- Koninklijke Philips N.V. (Philips Healthcare)
- Samsung Electronics Co., Ltd. (Samsung Medison)
- Shimadzu Corporation
- Siemens AG (Siemens Healthcare)
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)
- Mercy Radiology
- Specialist Radiology
- NZMI Imaging Auckland
- Trinity MRI
Table of Contents
Chapter 1: INTRODUCTION
Chapter 2: EXECUTIVE SUMMARY
Chapter 3: MARKET OVERVIEW
Chapter 4: NEW ZEALAND MEDICAL IMAGING SERVICES MARKET, BY MODALITY
Chapter 5: NEW ZEALAND MEDICAL IMAGING SERVICES MARKET, BY APPLICATION
Chapter 6: NEW ZEALAND MEDICAL IMAGING SERVICES MARKET, BY CITY
Chapter 7: NEW ZEALAND MEDICAL IMAGING SERVICES MARKET, BY PROVIDER
Chapter 8: NEW ZEALAND MEDICAL IMAGING SERVICES MARKET, BY PAYER
Chapter 9: COMPANY PROFILES, KEY SERVICE PROVIDERS
Chapter 10: COMPANY PROFILES, KEY MANUFACTURERS
Executive Summary
According to this report titled, 'New Zealand Medical Imaging Services Market by Modality, Application, City, Provider and Payer: New Zealand Opportunity Analysis and Industry Forecast, 2018 - 2025,' the New Zealand medical imaging services market is expected to reach $500 million by 2025, registering a CAGR of 7.3% from 2019 to 2025, in terms of value.Medical imaging refers to the use of different imaging modalities to obtain visual representations of the interior of a body for diagnostic purposes. The different imaging modalities utilized include ultrasound, computed tomography, magnetic resonance imaging, and others. The medical imaging market has gained prominence in the recent years, owing to rapid technological advancements, rise in incidence of chronic disorders, increase in number of diagnostic imaging procedures, and surge in awareness for early diagnosis of diseases. However, high cost of medical imaging systems and shortage of helium impede the market growth.
Depending on application, the breast health segment is expected to exhibit the fastest growth rate of 8.6%. This is attributed to technological innovations in mammography and ultrasound for breast imaging, due to rise in awareness for early detection and diagnosis of breast cancer. However, the cardiovascular and thoracic segment was the highest revenue contributor in 2016, due to development of technologically advanced point-of-care imaging systems for patients suffering from cardiac arrest and other critical cardiac care systems.
Auckland was the highest revenue contributor in the New Zealand medical imaging services market, accounting for 37% share of the total market in 2017. However, Hamilton is expected to grow at the highest rate, owing to the presence of several medical imaging service providers such as McMaster University, Hamilton Health Sciences, St Josephs Health Care, DEDJTR Hamilton Centre, and Greater Niagara Medical Imaging.
According to provider, the public provider segment occupied the largest share of New Zealand medical imaging market in 2017, and is expected to grow at the highest rate during the forecast period. Factors such as presence of large number of public hospitals in New Zealand and greater share of public funding in the total healthcare expenditure in New Zealand significantly contribute toward the growth of this segment.
By payer, the district health board (government) occupied the largest share in 2017, owing to the fact that almost 70% of the funding for healthcare is made by the Government in New Zealand.
Key Findings of the New Zealand Medical Imaging Services Market:
Auckland occupied one-third share of the New Zealand medical imaging market in 2017.
The mammography segment is anticipated to grow with the highest CAGR throughout the forecast period.
The public provider segment accounted for two-thirds share of the market in 2017.
District health board is anticipated to grow at the highest rate during the analysis period.
New Zealand medical imaging services is analyzed across five main cities namely Auckland, Wellington, Christchurch, Hamilton, Tauranga, and rest of New Zealand. Of the aforementioned cities, Auckland dominated the New Zealand medical imaging services market in terms of value in 2017.
The report includes the major service providing key players in the New Zealand medical imaging services market, such as Ascot Central, eastMED Radiology Auckland, Horizon Radiology, Sonic Healthcare Limited, and TRG Imaging.
The major companies profiled in this report include Canon Inc. (Canon Medical Systems Corporation), Esaote S.p.A, Fujifilm Holdings Corporation, General Electric Company (GE Healthcare), Hitachi Limited (Hitachi Medical Corporation), Hologic, Inc., Koninklijke Philips N.V. (Philips Healthcare), Samsung Electronics Co., Ltd. (Samsung Medison), Shimadzu Corporation, and Siemens AG (Siemens Healthcare).
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 199 |
| Published | March 2019 |
| Forecast Period | 2017 - 2025 |
| Estimated Market Value ( USD | $ 285 million |
| Forecasted Market Value ( USD | $ 500 million |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | New Zealand |
