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Diagnostic Imaging Services Market Size, Share, Growth, Opportunities And Global Forecast To 2033

The Diagnostic Imaging Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Diagnostic Imaging Services Global Market Report 2024, The diagnostic imaging services market size has grown strongly in recent years. It will grow from $508.76 billion in 2023 to $538.26 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to aging population, healthcare infrastructure development, medical tourism, disease prevalence, research and development.

The diagnostic imaging services market size is expected to see strong growth in the next few years. It will grow to $674.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increased demand for remote diagnostic, personalized medicine, telemedicine integration, shift towards outcomes-based reimbursement models, adoption of eco-friendly practices. Major trends in the forecast period include blockchain in healthcare, augmented reality (AR) in imaging, outsourcing diagnostic services, inclusive imaging, continuous imaging innovations.

The rise in incidents of chronic illness across the globe is expected to contribute to the growth of the diagnostic imaging services market going forward. Diagnostic imaging services such as ultrasound, fluoroscopy or nuclear medicine, radiographs, and CT scans are used to view the inside the body to diagnose various non-communicable or chronic diseases. For instance, in February 2022, according to WHO, cancer was a leading cause of death worldwide, resulting in nearly one in six deaths or almost 10 million deaths. In the USA, one person dies every 34 seconds from cardiovascular disease. According to WHO, the cardiovascular disease leads to estimated 17.9 deaths every year in the world. Thus, the increase in prevalence of chronic diseases such as cancer, cardiovascular disease, stroke, diabetes, and arthritis will increase the demand for diagnostic imaging services market.

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The diagnostic imaging services market covered in this report is segmented –
1) By Type: X-Ray Imaging, Ultrasound, Magnetic Resource Imaging, Computed Tomography, Nuclear Imaging, Mammography

2) By Application: Cardiology, Gynecology/OBS, Orthopedics And Musculoskeletal, Oncology, Neurology And Spine, General Imaging

3) By End User: Hospitals, Diagnostic Imaging Centers, Ambulatory Imaging Centers, Other End Users

The players in the diagnostic imaging services market are entering into strategic collaborations to make Innovations in medical Imaging. Collaborations drive tech advances, expand markets, ensure compliance, and enhance patient outcomes in diagnostic imaging. For instance, in September 2023, Mayo Clinic, a US-based Health care company, and GE HealthCare Technologies, Inc., a US-based multinational medical technology company, have formed a strategic collaboration focused on innovating medical imaging and theranostics. The partnership targets advancements in MRI technologies, development of theranostic agents for precise tumor imaging, improvement of ultrasound efficiency through AI, and enhancing the patient experience with data, AI, and digital health tools. The partnership aims to transform the experience of patients and clinicians in the practice of radiology and drive healthcare capabilities through clinical translation and adoption of advanced technologies.

The diagnostic imaging services market report table of contents includes:
1. Executive Summary