Overview and Scope
Diagnostic imaging services are used to peer into the body to help identify the underlying causes of an illness or damage and to validate a diagnosis. Diagnostic imaging services include the provision of easy, noninvasive, and painless diagnostic techniques that can create pictures of the structures and activities inside your body.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the diagnostic imaging services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the diagnostic imaging services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the diagnostic imaging services market report are Hitachi Ltd., International Business Machines Corporation, Medtronic plc, Siemens Healthineers AG, Fujifilm Holdings Corporation, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Sonic Healthcare Ltd., Catholic Healthcare West, Hologic Inc., Mindray Medical International Limited, Varian Medical Systems Inc., Shimadzu Corporation, Agfa-Gevaert Group NV, Carestream Health Inc., Bracco Imaging S.p.A., RadNet Inc., Neusoft Medical Systems Co. Ltd., Konica Minolta Healthcare Americas Inc., Alliance Healthcare Services Inc., Analogic Corporation, Samsung Medison Co. Ltd., Canon Medical Systems Corporation, Esaote S.p.A., MedQuest Associates Inc., Novarad Corporation, Swissray Global Healthcare Holding Ltd., Aurora Imaging Technology Inc., Planmed Oyj, CurveBeam LLC
The diagnostic imaging services market report table of contents includes:
1. Executive Summary
2. Diagnostic Imaging Services Market Characteristics
3. Diagnostic Imaging Services Market Trends And Strategies
4. Diagnostic Imaging Services Market – Macro Economic Scenario
5. Global Diagnostic Imaging Services Market Size and Growth
..
32. Global Diagnostic Imaging Services Market Competitive Benchmarking
33. Global Diagnostic Imaging Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Diagnostic Imaging Services Market
35.Diagnostic Imaging Services Market Future Outlook and Potential Analysis
36. Appendix
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