Diagnostic Imaging Services Market Size, Share, Growth Analysis, By Modality(X-ray, ultrasound, MRI scans, CT scans), By Application(Cardiology, oncology, gynecology/obs, orthopedics & musculoskeletal), By End-use(Hospitals, diagnostic imaging centers, and others), By Region - Industry Forecast 2024-2031

North America dominated the diagnostic imaging services market in 2021, and is also expected to maintain its dominance during the forecast period due to the rising prevalence of chronic diseases such as cancer, diabetes, arthritis, and other chronic disorders, as well as technological advancements. The regional market growth can be attributed to the growing usage of low-dose automated CT scanners. Because of the high rate of chronic diseases in the country, the United States is likely to dominate the market in North America in the near future. According to a study conducted by the Centers for Disease Control and Prevention, over 80% of older people in the United States have at least one chronic condition.

During the forecast period, Asia-Pacific is expected to grow at the fastest rate owing to the high proportion of diagnostic imaging system major players and companies boosting the exponential development of the diagnostic imaging services market. China, India, and Japan each hold sizable market shares in the region. The market in Asia Pacific is being driven by the expansion of manufacturing facilities for diagnostic imaging tools and equipment, significant growth in the healthcare and medical tourism industries, and an increase in the adoption of new diagnostic imaging services.