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

Diagnostic Imaging Services Market size was valued at USD 553.66 billion in 2019 and is poised to grow from USD 581.34 billion in 2023 to USD 860.8 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

In order to diagnose a condition, diagnostic imaging is used to take images of the bones and internal body anatomy. X-rays, ultrasounds, CT and MRI scans, and nuclear medicine scans are a few types of diagnostic radiology. Modern models of therapy and diagnosis are being developed to produce precise results, assist in the diagnosis of illness, and lower the cost of treating some diseases. With more money available to them, people are better able to access imaging technologies for diagnosing illnesses early on. The field of medical imaging has also advanced quickly as a result of developments in digital and communication technologies. The objective is to increase accessibility and accuracy, lower costs, and lessen radiation's negative effects. Moving away from fixed equipment and toward portable equipment is the current trend. Due to growing public recognition of the significance of early detection of health conditions, the diagnostic Imaging services market is projected to expand at a faster rate during the forecast period. However, unfriendly reimbursement structures for outpatient imaging facilities in low-income countries are expected to restrict market growth.

US Diagnostic Imaging Services Market is poised to grow at a sustainable CAGR for the next forecast year.