Diagnostic Imaging Services Market
PUBLISHED: 2021 ID: SMRC20817
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Diagnostic Imaging Services Market

Diagnostic Imaging Services Market Forecasts to 2028 – Global Analysis By Technology (3D/4D, 2D), Application (Cardiovascular, Oncology, Neurology), End User (Diagnostic Imaging Centers, Hospitals), and By Geography

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4.8 (36 reviews)
Published: 2021 ID: SMRC20817

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Diagnostic Imaging Services Market is accounted for $578.56 billion in 2020 and is expected to reach $1,009.03 billion by 2028 growing at a CAGR of 7.2% during the forecast period. Factors such as the rapidly growing geriatric population, increasing demand for diagnostic imaging devices, growing government investment and funding’s for research in modernization of imaging services, the subsequent increase in the prevalence of associated diseases, growing awareness about early disease detection, the widening scope of clinical applications are driving the market growth. However, high cost of diagnostic imaging systems may hamper the market growth.

Diagnostic imaging is a process of imaging human body with the help of various imaging services. These services include several technologies, techniques, and equipments to monitor, diagnose, screen, and treat medical conditions for effective medical intervention. Diagnostic imaging has improved the ability of doctors to treat, diagnose, and detect an injury or disease precisely at an initial stage. In addition, diagnostic imaging services are used to provide information associated with a specific area of the body to be treated or studied. Various advancements in imaging techniques in the field of modern medicine have facilitated the acquisition of information related to the human body for clinical interventions.

Based on the imaging modality, X-ray imaging segment is going to have lucrative growth during the forecast period, due to the rising geriatric population, lower cost of X-rays as compared to other imaging modalities, favourable returns on investments, and technological advancements in X-ray imaging systems. Furthermore, The X-ray imaging represented the biggest portion of the market. The key variables driving the development of this market incorporate the rising geriatric populace, lower cost of X-ray Imaging when contrasted with other imaging modalities, ideal profits for ventures, and innovative progressions in X-ray imaging frameworks.

By geography, North America region is going to have lucrative growth during the forecast period, due to increasing geriatric population, high incidence/prevalence of various diseases, the large number of diagnostic imaging centres/procedures, increasing awareness about the benefits of early diagnosis of diseases, and the rapid adoption of technologically advanced imaging systems in this region. The U.S. holds the largest share in the market due to its high disposable income of the consumers. Additionally, the United States is projected to experience an enhanced rate of population aging, which indicates to an increase in demand for medical image services since the elderly population is more likely to suffer from chronic diseases.

Some of the key players profiled in the Diagnostic Imaging Services Market include Radnet, Inc., Medica Group, Dignity Health, Hitachi, Ltd., Sonic Healthcare, Consensys Imaging Service, Inc, Siemens Healthineers, Novant Health, MedQuest Associates Inc, Concord Medical Services Holdings Limited, Koninklijke Philips N.V., GE Healthcare, Shimadzu Corporation, Healius Limited, Alliance Medical, Unilabs, Toshiba Corporation, and Fujifilm Corporation.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 578.56 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

7.2%

Predicted 2028 Value:

USD 1,009.03 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

336

Chapters Covered:

Technology, Type, Sales Channel, Imaging Modality, Application, End User and Region

Core Drivers and Opportunities:

  • Subsequent increase in the prevalence of associated diseases
  • Increasing awareness about early disease detection
  • Adoption of artificial intelligence and blockchain in diagnostic imaging settings

Restraining Factors & Market Threats:

  • Dearth of trained professionals
  • High cost of diagnostic imaging systems


Technologies Covered:
• 3D/4D
• 2D

Types Covered:
• New Radio (NR) – Type
• Radio (R) – Type
• Reinforced Endotracheal Tube
• Regular Endotracheal Tube

Sales Channels Covered:
• Distributor
• Direct Sales

Imaging Modalities Covered:
• Magnetic Resonance Imaging (MRI)
• X-Ray Imaging
• Diagnostic Radiology
• Pediatric Imaging Services
• Radionuclide
• Computed Tomography (CT) Scanning
• Nuclear Imaging
• Mammography
• Ultrasound
• Radiography
• Cardiac Magnetic Resonance (MR)
• Computed Axial Tomography (CAT)
• Computed Tomography Angiography (CTA)
• Interventional Radiology (IR)
• Nuclear Medicine
• Dual Energy X-Ray Absorptiometry (DEXA)

Applications Covered:
• Planer
• Positron Emission Tomography (PET)
• Single Photon Emission Computed Tomography (SPECT)
• Cardiovascular
• Orthopedics & Musculoskeletal
• Pelvic & Abdomen
• Oncology
• Neurology and Spine
• Dentistry
• Therapy
• Fluoroscopy
• Urology
• Obstetrics & Gynecology
• General Imaging
• Emergency Treatment

End Users Covered:
• Diagnostic Imaging Centers
• Academia & Research
• Hospitals
• Ambulatory Surgical Centers
• Research Laboratories
• Clinics
• Medical Colleges

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India        
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Diagnostic Imaging Services Market is majorly driven by growing demand for diagnostic imaging devices, rising government investment and funding’s for research in modernization of imaging services, and the widening scope of clinical applications.

The x-ray imaging segment is growing at a highest CAGR owing to growing geriatric population, lower cost of X-rays as compared to other imaging modalities, favorable returns on investments, and technological advancements in X-ray imaging systems.

North America dominated with a significant market share due to high incidence/prevalence of various diseases, rising awareness about the benefits of early diagnosis of diseases, the large number of diagnostic imaging centers/procedures, and the rapid adoption of technologically advanced imaging systems in this region.

Asia Pacific market is growing at a highest CAGR owing to growing investments in diagnostic imaging, the improving healthcare infrastructure, improving reimbursement scenario, and the increasing insurance coverage in several APAC countries.

Key players profiled in the Diagnostic Imaging Services Market include Radnet, Inc., Medica Group, Dignity Health, Hitachi, Ltd., Sonic Healthcare, Consensys Imaging Service, Inc, Siemens Healthineers, Novant Health, MedQuest Associates Inc, Concord Medical Services Holdings Limited, Koninklijke Philips N.V., GE Healthcare, Shimadzu Corporation, Healius Limited, Alliance Medical, Unilabs, Toshiba Corporation, and Fujifilm Corporation.

Table of Contents

1 Executive Summary    
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    
 3.1 Introduction   
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 Technology Analysis   
 3.7 Application Analysis   
 3.8 End User Analysis   
 3.9 Emerging Markets   
 3.10 Impact of Covid-19   
     
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
      
5 Global Diagnostic Imaging Services Market, By Technology    
 5.1 Introduction   
 5.2 3D/4D   
 5.3 2D   
  5.3.1 Color  
  5.3.2 Black and White (BnW)  
     
6 Global Diagnostic Imaging Services Market, By Type    
 6.1 Introduction   
 6.2 New Radio (NR) – Type   
 6.3 Radio (R) – Type   
 6.4 Reinforced Endotracheal Tube   
 6.5 Regular Endotracheal Tube   
     
7 Global Diagnostic Imaging Services Market, By Sales Channel    
 7.1 Introduction   
 7.2 Distributor   
 7.3 Direct Sales   
     
8 Global Diagnostic Imaging Services Market, By Imaging Modality    
 8.1 Introduction   
 8.2 Magnetic Resonance Imaging (MRI)   
 8.3 X-Ray Imaging   
 8.4 Diagnostic Radiology   
 8.5 Pediatric Imaging Services   
 8.6 Radionuclide   
 8.7 Computed Tomography (CT) Scanning   
 8.8 Nuclear Imaging   
 8.9 Mammography   
 8.10 Ultrasound   
 8.11 Radiography    
 8.12 Cardiac Magnetic Resonance (MR)   
 8.13 Computed Axial Tomography (CAT)   
 8.14 Computed Tomography Angiography (CTA)   
 8.15 Interventional Radiology (IR)   
 8.16 Nuclear Medicine   
 8.17 Dual Energy X-Ray Absorptiometry (DEXA)   
     
9 Global Diagnostic Imaging Services Market, By Application    

 9.1 Introduction   
 9.2 Planer   
 9.3 Positron Emission Tomography (PET)   
 9.4 Single Photon Emission Computed Tomography (SPECT)   
 9.5 Cardiovascular   
 9.6 Orthopedics & Musculoskeletal   
 9.7 Pelvic & Abdomen   
 9.8 Oncology   
 9.9 Neurology and Spine   
 9.10 Dentistry   
 9.11 Therapy   
 9.12 Fluoroscopy   
 9.13 Urology   
 9.14 Obstetrics & Gynecology   
 9.15 General Imaging   
 9.16 Emergency Treatment   
     
10 Global Diagnostic Imaging Services Market, By End User    
 10.1 Introduction   
 10.2 Diagnostic Imaging Centers   
 10.3 Academia & Research   
 10.4 Hospitals   
 10.5 Ambulatory Surgical Centers   
 10.6 Research Laboratories   
 10.7 Clinics   
 10.8 Medical Colleges   
     
11 Global Diagnostic Imaging Services Market, By Geography    
 11.1 Introduction   
 11.2 North America   
  11.2.1 US  
  11.2.2 Canada  
  11.2.3 Mexico  
 11.3 Europe   
  11.3.1 Germany  
  11.3.2 UK  
  11.3.3 Italy  
  11.3.4 France  
  11.3.5 Spain  
  11.3.6 Rest of Europe  
 11.4 Asia Pacific   
  11.4.1 Japan  
  11.4.2 China  
  11.4.3 India  
  11.4.4 Australia  
  11.4.5 New Zealand  
  11.4.6 South Korea  
  11.4.7 Rest of Asia Pacific  
 11.5 South America   
  11.5.1 Argentina  
  11.5.2 Brazil  
  11.5.3 Chile  
  11.5.4 Rest of South America  
 11.6 Middle East & Africa   
  11.6.1 Saudi Arabia  
  11.6.2 UAE  
  11.6.3 Qatar  
  11.6.4 South Africa  
  11.6.5 Rest of Middle East & Africa  
     
12 Key Developments    
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 12.2 Acquisitions & Mergers   
 12.3 New Product Launch   
 12.4 Expansions   
 12.5 Other Key Strategies   
     
13 Company Profiling    
 13.1 Radnet, Inc.   
 13.2 Medica Group   
 13.3 Dignity Health   
 13.4 Hitachi, Ltd.   
 13.5 Sonic Healthcare   
 13.6 Consensys Imaging Service, Inc   
 13.7 Siemens Healthineers   
 13.8 Novant Health   
 13.9 MedQuest Associates Inc   
 13.10 Concord Medical Services Holdings Limited   
 13.11 Koninklijke Philips N.V.   
 13.12 GE Healthcare   
 13.13 Shimadzu Corporation   
 13.14 Healius Limited   
 13.15 Alliance Medical   
 13.16 Unilabs   
 13.17 Toshiba Corporation    
 13.18 Fujifilm Corporation   


List of Tables     
1 Global Diagnostic Imaging Services Market Outlook, By Region (2019-2028) ($MN)    
2 Global Diagnostic Imaging Services Market Outlook, By Technology (2019-2028) ($MN)    
3 Global Diagnostic Imaging Services Market Outlook, By 3D/4D (2019-2028) ($MN)    
4 Global Diagnostic Imaging Services Market Outlook, By 2D (2019-2028) ($MN)    
5 Global Diagnostic Imaging Services Market Outlook, By Color (2019-2028) ($MN)    
6 Global Diagnostic Imaging Services Market Outlook, By Black and White (BnW) (2019-2028) ($MN)    
7 Global Diagnostic Imaging Services Market Outlook, By Type (2019-2028) ($MN)    
8 Global Diagnostic Imaging Services Market Outlook, By New Radio (NR) – Type (2019-2028) ($MN)    
9 Global Diagnostic Imaging Services Market Outlook, By Radio (R) – Type (2019-2028) ($MN)    
10 Global Diagnostic Imaging Services Market Outlook, By Reinforced Endotracheal Tube (2019-2028) ($MN)    
11 Global Diagnostic Imaging Services Market Outlook, By Regular Endotracheal Tube (2019-2028) ($MN)    
12 Global Diagnostic Imaging Services Market Outlook, By Sales Channel (2019-2028) ($MN)    
13 Global Diagnostic Imaging Services Market Outlook, By Distributor (2019-2028) ($MN)    
14 Global Diagnostic Imaging Services Market Outlook, By Direct Sales (2019-2028) ($MN)    
15 Global Diagnostic Imaging Services Market Outlook, By Imaging Modality (2019-2028) ($MN)    
16 Global Diagnostic Imaging Services Market Outlook, By Magnetic Resonance Imaging (MRI) (2019-2028) ($MN)    
17 Global Diagnostic Imaging Services Market Outlook, By X-Ray Imaging (2019-2028) ($MN)    
18 Global Diagnostic Imaging Services Market Outlook, By Diagnostic Radiology (2019-2028) ($MN)    
19 Global Diagnostic Imaging Services Market Outlook, By Pediatric Imaging Services (2019-2028) ($MN)    
20 Global Diagnostic Imaging Services Market Outlook, By Radionuclide (2019-2028) ($MN)    
21 Global Diagnostic Imaging Services Market Outlook, By Computed Tomography (CT) Scanning (2019-2028) ($MN)    
22 Global Diagnostic Imaging Services Market Outlook, By Nuclear Imaging (2019-2028) ($MN)    
23 Global Diagnostic Imaging Services Market Outlook, By Mammography (2019-2028) ($MN)    
24 Global Diagnostic Imaging Services Market Outlook, By Ultrasound (2019-2028) ($MN)    
25 Global Diagnostic Imaging Services Market Outlook, By Radiography (2019-2028) ($MN)    
26 Global Diagnostic Imaging Services Market Outlook, By Cardiac Magnetic Resonance (MR) (2019-2028) ($MN)    
27 Global Diagnostic Imaging Services Market Outlook, By Computed Axial Tomography (CAT) (2019-2028) ($MN)    
28 Global Diagnostic Imaging Services Market Outlook, By Computed Tomography Angiography (CTA) (2019-2028) ($MN)    
29 Global Diagnostic Imaging Services Market Outlook, By Interventional Radiology (IR) (2019-2028) ($MN)    
30 Global Diagnostic Imaging Services Market Outlook, By Nuclear Medicine (2019-2028) ($MN)    
31 Global Diagnostic Imaging Services Market Outlook, By Dual Energy X-Ray Absorptiometry (DEXA) (2019-2028) ($MN)    
32 Global Diagnostic Imaging Services Market Outlook, By Application (2019-2028) ($MN)    
33 Global Diagnostic Imaging Services Market Outlook, By Planer (2019-2028) ($MN)    
34 Global Diagnostic Imaging Services Market Outlook, By Positron Emission Tomography (PET) (2019-2028) ($MN)    
35 Global Diagnostic Imaging Services Market Outlook, By Single Photon Emission Computed Tomography (SPECT) (2019-2028) ($MN)    
36 Global Diagnostic Imaging Services Market Outlook, By Cardiovascular (2019-2028) ($MN)    
37 Global Diagnostic Imaging Services Market Outlook, By Orthopedics & Musculoskeletal (2019-2028) ($MN)    
38 Global Diagnostic Imaging Services Market Outlook, By Pelvic & Abdomen (2019-2028) ($MN)    
39 Global Diagnostic Imaging Services Market Outlook, By Oncology (2019-2028) ($MN)    
40 Global Diagnostic Imaging Services Market Outlook, By Neurology and Spine (2019-2028) ($MN)    
41 Global Diagnostic Imaging Services Market Outlook, By Dentistry (2019-2028) ($MN)    
42 Global Diagnostic Imaging Services Market Outlook, By Therapy (2019-2028) ($MN)    
43 Global Diagnostic Imaging Services Market Outlook, By Fluoroscopy (2019-2028) ($MN)    
44 Global Diagnostic Imaging Services Market Outlook, By Urology (2019-2028) ($MN)    
45 Global Diagnostic Imaging Services Market Outlook, By Obstetrics & Gynecology (2019-2028) ($MN)    
46 Global Diagnostic Imaging Services Market Outlook, By General Imaging (2019-2028) ($MN)    
47 Global Diagnostic Imaging Services Market Outlook, By Emergency Treatment (2019-2028) ($MN)    
48 Global Diagnostic Imaging Services Market Outlook, By End User (2019-2028) ($MN)    
49 Global Diagnostic Imaging Services Market Outlook, By Diagnostic Imaging Centers (2019-2028) ($MN)    
50 Global Diagnostic Imaging Services Market Outlook, By Academia & Research (2019-2028) ($MN)    
51 Global Diagnostic Imaging Services Market Outlook, By Hospitals (2019-2028) ($MN)    
52 Global Diagnostic Imaging Services Market Outlook, By Ambulatory Surgical Centers (2019-2028) ($MN)    
53 Global Diagnostic Imaging Services Market Outlook, By Research Laboratories (2019-2028) ($MN)    
54 Global Diagnostic Imaging Services Market Outlook, By Clinics (2019-2028) ($MN)    
55 Global Diagnostic Imaging Services Market Outlook, By Medical Colleges (2019-2028) ($MN)    
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.     

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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