DIAGNOSTIC IMAGING SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Diagnostic Imaging Services Market, By Type (X-ray, CT scans, MRI scans, Ultrasound, and Others), By Application (Ancestry Testing, Diet & Nutrition, Disease Risk Assessment, and Others), By End User (Hospitals, Diagnostics & Forensics Laboratories, Academic & Research Institutes, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Apr 2024
Code : CMI6900
Pages :175
Formats :
Excel and PDF
Industry : Clinical Diagnostic

Market Concentration and Competitive Landscape

Diagnostic Imaging Services Market Concentration By Players

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Rising Healthcare Expenditures and Availability of Favorable Reimbursements

Higher expenditures on healthcare have made diagnostic imaging increasingly affordable and accessible to broader patient groups over time. Government bodies and private insurance companies in many developed markets are inclined to reimburse the costs of recommended medical scans. This encourages more individuals to opt for such tests without worrying too much about out-of-pocket expenses. It also provides financial incentive for physicians to prescribe appropriate imaging services for suspicions or confirmation of diseases. Advanced economies continue investing heavily in their public health infrastructure and systems. While spending on novel drug development and specialty treatments rises, investments into diagnostic technologies remain integral to facilitate timely clinical decision making. Affluent patients in developing markets can also avail costly scans due to the presence of top-quality medical tourism destinations and private insurance coverage. Such expenditure and favorable norms have played a role in pushing volumes higher for major imaging modalities in both hospital and freestanding centers globally.

Key Players Insights