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

Regional Analysis

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North America remains the dominant region in the global diagnostic imaging services market and is anticipated to hold 38.3% of the market share in 2024. North America has established itself as the dominant region in the global diagnostic imaging services market. With highly developed healthcare infrastructure and strong presence of leading industry players, the U.S. market alone accounts for over 40% share. Countries in the region have witnessed a widespread adoption of advanced diagnostic technologies at both hospitals and diagnostic centers. Moreover, favorable reimbursement policies have ensured the high affordability of diagnostic scans.

The Asia Pacific region has emerged as the fastest growing diagnostic imaging services market worldwide. Rapid economic development and growing medical tourism in countries such as India, China, and South Korea are driving significant growth. Governments in the region have undertaken various initiatives to modernize and expand the domestic healthcare infrastructure. This has increased accessibility to diagnostic centers, especially in tier 2/3 cities. Rising medical awareness, growing burden of lifestyle diseases, and increasing private healthcare expenditures are expected to sustain the momentum. A young population combined with rising incomes points towards a long growth runway for the industry. Policy support through public-private partnerships can help the region to emerge as a global manufacturing and innovation hub in the coming years.