Global Diagnostic Imaging Services Market

Diagnostic Imaging Services Market Size, Share, Growth Analysis, By Modality (Magnetic Resonance Imaging (MRI), Ultrasound), By Technology (2D Imaging Technology, 3D/4D Imaging Technology), By Application, By End User, By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A2174 | Region: Global | Published Date: December, 2024
Pages: 260 | Tables: 94 | Figures: 76

Diagnostic Imaging Services Market Insights

Diagnostic Imaging Services Market size was valued at USD 581.34 Billion in 2023 and is poised to grow from USD 610.41 Billion in 2024 to USD 903.84 Billion by 2032, growing at a CAGR of 5% during the forecast period (2025-2032).

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.

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Diagnostic Imaging Services Market size was valued at USD 581.34 Billion in 2023 and is poised to grow from USD 610.41 Billion in 2024 to USD 903.84 Billion by 2032, growing at a CAGR of 5% during the forecast period (2025-2032).

Global diagnostic imaging services market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Radnet, Inc. ', 'Sonic Healthcare (SHL) ', 'Healius Limited ', 'Dignity Health ', 'Novant Health ', 'InHealth Group ', 'Apex Radiology ', 'Concord Medical Services Holdings Limited ', 'Capitol Imaging Services ', 'Canada Diagnostic Centres (CDC) ', 'Envision Radiology ', 'PRP Diagnostic Imaging ', 'Inova ', 'Atlantic Medical Imaging ', 'Advanced Diagnostics Healthcare System, Inc. ', 'Radiology Partners ', 'Touchstone Medical Imaging ', 'Southwest Medical Imaging (SMIL) (Scottsdale Medical Imaging) ', 'Quantum Radiology ', 'Atlantic Medical Imaging (AMI) ', 'Southwest Diagnostic Imaging Center '

As the elderly population grows each year, so does the demand for diagnostic imaging services. Diagnostic imaging is two or three times more likely in the elderly than in the younger population. They are predisposed to a variety of chronic diseases, including cancer, kidney disease, spinal disorders, and cardiovascular disease. According to the National Institutes of Health, patients over the age of 65 have diagnostic imaging done at twice or more than the rate of younger people. This increases demand for diagnostic imaging services.

Increasing introduction of open diagnostic imaging services which is helping in the effective medical imaging of overweight patients, is supporting the market growth.

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.

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Global Diagnostic Imaging Services Market

Report ID: SQMIG35A2174

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