Medical Physics Market to expand at a healthy CAGR of 6.4% over 2018-2028 - PowerPoint PPT Presentation

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Medical Physics Market to expand at a healthy CAGR of 6.4% over 2018-2028

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Prominently driven by the growth of medical tourism sector and increasing expanse of diagnostics, the global revenue of medical physics market will reportedly thrive at a healthy over-6% CAGR during 2018-2028. Growing adoption of nuclear medicine has also been cited as an important factor responsible for a positive growth outlook anticipated for medical physics market. – PowerPoint PPT presentation

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Title: Medical Physics Market to expand at a healthy CAGR of 6.4% over 2018-2028


1
Medical Physics Market to expand at a healthy
CAGR of 6.4 over 2018-2028
  • Healthcare, Pharmaceuticals Medical Devices
  • March 2019

Report Id REP-GB-5274 Status Publish Category
Healthcare, Pharmaceuticals Medical Devices
2
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Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
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4
Medical Physics Market Analysis
  • According to the latest research by Future Market
    Insights (FMI), the global market for medical
    physics will exceed the valuation of US 6
    billion towards the end of projection period.
  • Prominently driven by the growth of medical
    tourism sector and increasing expanse of
    diagnostics, the global revenue of medical
    physics market will reportedly thrive at a
    healthy over-6 CAGR during 2018-2028. Growing
    adoption of nuclear medicine has also been cited
    as an important factor responsible for a positive
    growth outlook anticipated for medical physics
    market.
  • However, the report also highlights that the
    insufficient availability of skilled workers and
    relatively poor healthcare infrastructure for
    medical physicist trainings in developing
    regional markets will continue to restrict
    penetration of medical physics in the long run.
  • Request Sample Copy of Report _at_ https//www.future
    marketinsights.com/reports/sample/rep-gb-5274
  • The Outsourcing Trend Is Creating Firm Base for
    Merger Acquisition Strategies
  • With the consolidation of hospitals, there is an
    increasing need for larger firms in the medical
    physics market, with an intent to handle the
    outsourced services so as to contract with fewer
    services providers.

5
Medical Physics Market Analysis
  • The medical physics market is characterised by
    the presence of small independent companies, and
    there is a negligible number of large-scale
    operators. According to the report, this presents
    opportunities for private equity firms to enter
    the middle-market platform and scale-up their
    medium-scale operations to large-scale operations
    through the acquisition of smaller firms.
  • Other factors driving mergers and acquisitions in
    the medical physics market include increasing
    stringent regulations and an increasing number of
    owners looking to exit the medical physics
    business. Increasing stringent regulations have
    resulted in the inspection of a larger number of
    machines and associated elements. Several
    healthcare systems are incurring higher risks due
    to the increasingly stringent regulations. This
    opens opportunities for medical physics companies
    to ensure compliance and reduce operation cost by
    outsourcing. Furthermore, most of the medical
    physics firms are owned and operated by baby
    boomers who are about to retire from their
    medical physics business. For a majority of those
    medical physics service providers who are
    retiring, selling their business has been
    considered to be the most preferred option.
  • Some of the other trends in the medical physics
    market include increased outsourcing by
    healthcare providers, increasing number of
    independent diagnostic imaging centres, and
    advancements adoption of technology across the
    world.

6
Medical Physics Market Analysis
  • Segmental Insights Medical Physics Market
  • Diagnostic modality, driven by increasing
    adoption of diagnostic procedures such as PET,
    SPECT, CT, and MRI, will continue to account for
    more than 65 share of the total medical physics
    market value.
  • Based on services, accreditation assistance is
    slated to remain dominant, followed by safety
    surveys. The report anticipates physics testing
    and regulatory and auditing services to emerge
    highly potential.
  • Following hospitals, diagnostic imaging centers
    are likely to register significant adoption rate
    in the medical physics market through 2027.
  • The North American and European medical physics
    market will reportedly account for a majority of
    market value, according to FMIs analysis on
    medical physics market. The report has attributed
    this dominance to rapid consolidation of
    healthcare facilities in these regions.

7
Medical Physics Market Analysis
  • Some of the key players in the medical physics
    market include Krueger-Gilbert Health Physics,
    Inc., LANDAUER, Medical Physics Services, Medical
    Physics Services Consultants, Inc., Alyzen
    Medical Physics Services, Radiation Safety
    Control Services, Inc., Upstate Medical Physics
    Services, Dade Moeller Associates, Versant
    Medical Physics Services Radiation Safety,
    Alliance Medical Physics Services  LLC, West
    Physics Consulting, LLC, Associates in Medical
    Physics Services, Radiation Services, Inc.,
    Jaeger Corporation, and Petrone Associates, LLC.
  • Request to View TOC _at_ https//www.futuremarketinsi
    ghts.com/askus/rep-gb-5274

8
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