U.S. IMAGING SERVICES MARKET ANALYSIS

U.S. Imaging Services MarketSize and Trends

The U.S. Imaging services market was valued at US$ 146.7 Bn in 2022 and is forecast to reach a value of US$ 225.14 Bn by 2030 at a CAGR of 5.50% between 2023 and 2030. The U.S. Imaging services market is experiencing strong growth due to the increasing prevalence of chronic diseases and rise in geriatric (aging) population in the U.S. Moreover, rising number of diagnostic imaging centres and increase in adoption of technologically advanced imaging modalities in the region is expected to boost the growth of the market. However, factors such as high cost of medical imaging and dearth of radiologists are expected to hamper the market growth.

U.S. Imaging Services Market Trends:

Technological advancements is a recent trend

Magnetic resonance imaging (MRI) is considered amongst the safest medical imaging procedures, as it does not involve the use of any harmful imaging agents. Therefore, there has been an increase in the adoption of MRI in the region. The factors responsible for the increase in adoption of MRI are the technological advancements in MRI modalities and wide application of MRI in the medical field. Moreover, the launch of new and advanced MRI products is expected to increase the adoption of MRI modalities. This trend is expected to continue over the forecast period.

Growing awareness among people is another trend

With the increase in awareness among people about different imaging procedures and the benefits of medical imaging, coupled with the increasing prevalence of chronic diseases and the increasing geriatric population, the use of imaging modalities is also increasing with a rapid pace. Healthcare professionals use medical imaging modalities to guide minimally invasive surgical procedures that treat, diagnose, and cure several medical conditions. This trend is also expected to continue during the forecast period, driving the growth of the market.