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
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.
Estimated Market Size in 2020:
USD 578.56 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,009.03 billion
Tables, Graphs & Figures
Technology, Type, Sales Channel, Imaging Modality, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• New Radio (NR) – Type
• Radio (R) – Type
• Reinforced Endotracheal Tube
• Regular Endotracheal Tube
Sales Channels Covered:
• Direct Sales
Imaging Modalities Covered:
• Magnetic Resonance Imaging (MRI)
• X-Ray Imaging
• Diagnostic Radiology
• Pediatric Imaging Services
• Computed Tomography (CT) Scanning
• Nuclear Imaging
• Cardiac Magnetic Resonance (MR)
• Computed Axial Tomography (CAT)
• Computed Tomography Angiography (CTA)
• Interventional Radiology (IR)
• Nuclear Medicine
• Dual Energy X-Ray Absorptiometry (DEXA)
• Positron Emission Tomography (PET)
• Single Photon Emission Computed Tomography (SPECT)
• Orthopedics & Musculoskeletal
• Pelvic & Abdomen
• Neurology and Spine
• Obstetrics & Gynecology
• General Imaging
• Emergency Treatment
End Users Covered:
• Diagnostic Imaging Centers
• Academia & Research
• Ambulatory Surgical Centers
• Research Laboratories
• Medical Colleges
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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
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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.
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