The global Diagnostic Imaging Services Market is projected to reach a staggering $787.55 billion by 2031, driven by factors such as the rising prevalence of chronic diseases and advancements in imaging technology. The market is expected to experience a robust compound annual growth rate (CAGR) of 5.7% during the forecast period. Key drivers include increased healthcare spending and favorable reimbursement policies, while challenges include rising healthcare costs and stringent regulations.
The global Healthcare Distribution Market is projected to grow significantly, driven by factors like the increasing demand for medical devices, the rise of chronic diseases, and the growing elderly population. Advanced technologies like IoT and AI are transforming supply chain operations, leading to better efficiency and insights. Key players in the market are focusing on strategic partnerships and acquisitions to expand their reach and product offerings.
The global medical equipment maintenance market is expected to grow at a CAGR of 10.5%, reaching USD 88.9 billion by 2029. This growth is driven by the rising prevalence of chronic diseases and increased investment in healthcare facilities. The market is dominated by a few key players, including GE Healthcare Technologies Inc., Siemens Healthineers, and Medtronic plc. The Asia Pacific region is the fastest-growing market for medical equipment maintenance, due to government healthcare reforms and increasing demand for high-quality healthcare services.
The Indian Council of Medical Research (ICMR) issued a stern warning regarding the dangers of excessive protein supplements and unhealthy diets. According to the ICMR, unhealthy dietary practices contribute to a staggering 56.4% of India’s disease burden. The council emphasized the significance of adhering to dietary guidelines and engaging in regular physical activity to mitigate the risk of chronic diseases such as coronary heart disease, hypertension, and type 2 diabetes. To promote informed and healthy food choices, the ICMR recommended reducing salt intake, minimizing sugar consumption, avoiding ultra-processed foods, and carefully reading food labels.
Walgreens is expanding its specialty pharmacy services to focus on cell and gene therapies, which are becoming increasingly prevalent in the treatment of chronic diseases. The company is launching a new business unit dedicated to specialty pharmacy, including its subsidiary AllianceRx, which will fall under its core U.S. retail pharmacy division. Walgreens is also opening a new facility in Pittsburgh dedicated to services for cell and gene therapies, as part of its efforts to transform its specialty pharmacy services. This move comes in response to the surge in approvals of cell and gene therapies in the U.S. and European Union, and the expectation that the market will continue to grow.
The global radiopharmaceuticals market is projected to grow at a CAGR of 10.22% from 2023 to 2027, according to Technavio. This growth is primarily attributed to the increasing prevalence of neurological disorders, rising demand for early and accurate disease diagnosis, and advancements in medical imaging technologies. Radiopharmaceuticals play a vital role in the diagnosis and treatment of various diseases, including cancer, cardiovascular diseases, and neurological disorders. The market is expected to witness significant growth due to the increasing adoption of personalized medicine, the development of new radiopharmaceuticals, and the expansion of the geriatric population.
