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

The global diagnostic imaging services market is estimated to be valued at USD 533.99 Bn in 2024 and is expected to exhibit a CAGR of 5.7% during the forecast period (2024-2031). The diagnostic imaging services market refers to the market for medical procedures that allow the visualization of internal body structures and organs to aid in the detection and diagnosis of an assortment of medical conditions. This incorporates procedures like X-rays, CT scans, MRI scans, ultrasound imaging, and other specialized tests like mammography. Rapid advancements in imaging technologies in recent years have empowered healthcare professionals to detect and diagnose diseases more precisely at early stages as well as monitor treatment response and procedures in a non-invasive manner. Growing global disease burden, rising incidence of chronic and age-related diseases, increasing investments in technological upgrades of imaging equipment, and greater uptake of medical insurance especially in developing regions are some of the key factors expected to drive steady growth of the diagnostic imaging services market across the world in the coming years.

Market Dynamics:

The global diagnostic imaging services market is projected to witness notable growth over the forecast period owing to several factors such as growing geriatric population globally, rising prevalence of lifestyle diseases such as cancer, cardiovascular diseases and other disorders, increasing healthcare expenditure across both developed and developing countries, and technological advancements leading to better imaging capabilities. However, factors such as high costs involved in advanced diagnostic imaging modalities, shortage of skilled radiologists, and safety concerns regarding exposure to radiation especially in CT scans and fluoroscopy are expected to constrain the market growth to some extent. Meanwhile, developing regions across Asia Pacific and Latin America offer substantial untapped opportunities for players in this market due to improving access to healthcare services, growing medical tourism industry, and increasing investments by both public and private sectors in their national healthcare systems.

Key Features of the Study:

• This report provides an in-depth analysis of the global diagnostic imaging services market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global diagnostic imaging services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study includes RadNet, Inc., Akumin Inc., Novant Health, RAYUS Radiology, MedQuest Associates, Concordmedical, Lucid Medical Diagnostics, Radiology Partners, Envision Radiology, Capitol Imaging Services, Statim Healthcare, InHealth Group, Global Diagnostic Imaging, and ADM Diagnostics, Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global diagnostic imaging services market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global diagnostic imaging services market

Detailed Segmentation-

•  By Type:
• • X-ray
  • CT scans
  • MRI scans
  • Ultrasound
  • Others
• By Application:
• • Cardiology
  • Neurology
  • Oncology
  • Orthopedics
  • Others
• By End User:
• • Hospitals
  • Diagnostic Centers
  • Others  
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • RadNet, Inc.
  • Akumin Inc.
  • Novant Health
  • RAYUS Radiology
  • MedQuest Associates
  • Concordmedical
  • Lucid Medical Diagnostics
  • Radiology Partners
  • Envision Radiology
  • Capitol Imaging Services
  • Statim Healthcare
  • InHealth Group
  • Global Diagnostic Imaging
  • ADM Diagnostics, Inc.