Diagnostic Imaging Services Market Synopsis

Diagnostic Imaging Services Market size is expected to grow from USD 549.0 Billion in 2022 to USD 829.85 Billion by 2030, at a CAGR of 5.3 % during the forecast period (2023-2030).

Diagnostic Imaging Services is a medical procedure using advanced technologies to visualize the internal structures of the body, aiding in disease detection and diagnosis. Techniques like X-ray, CT scan, MRI, ultrasound, and nuclear medicine are employed to create detailed images of organs and tissues. These services play a crucial role in identifying and assessing various medical conditions, enabling healthcare professionals to formulate accurate treatment plans.

  • Advancements in imaging technologies services provide healthcare professionals with essential insights for early detection and effective treatment planning, leading to improved patient outcomes. It can be performed in hospitals, and diagnostic imaging services contribute to early detection, monitoring, and management of diseases, enhancing patient care. Rapid advancements in technology continue to refine these services, promoting precision and efficiency in medical diagnostics.
  • The rising chronic disease and aging population is increasing the demand for diagnostic imaging services globally. Diagnostic imaging services offer non-invasive benefits, reducing patient discomfort and recovery time, while the integration of AI enhances diagnostic accuracy and efficiency.
  • The use of AI in diagnostic imaging services improves diagnostic efficiency and accuracy while providing non-invasive benefits reducing recovery times and causing less discomfort for patients. As healthcare systems are focused on preventive care and early disease detection, the Diagnostic Imaging Services market will rise for continued expansion, driven by technological innovation and a growing awareness of the benefits of diagnostic imaging in healthcare.

Diagnostic Imaging Services Market Trend Analysis:

Rising Healthcare Demand

  • As populations expand and age the chronic diseases will increase, and the necessity for more advanced diagnostic procedures. The growing number of diseases such as cancer, cardiovascular conditions, and neurological disorders play a crucial role in diagnostic imaging in early detection, accurate diagnosis, and effective treatment planning. The need for complete diagnostic solutions has increased in developing countries due to improved living standards and expanded access to healthcare services resulting in demand for healthcare services.
  • Furthermore, the shift towards preventive healthcare and proactive wellness initiatives increases the need for regular health screenings and diagnostic imaging. Patients and healthcare providers alike recognize the value of early detection in preventing the progression of diseases and improving patient outcomes. The increasing awareness among individuals and the evolving landscape of personalized medicine, positions diagnostic imaging services as a demanding component in healthcare contributing to a more proactive and effective approach to managing population health.

Adoption of AI in Imaging Services

  • The adoption of Artificial Intelligence (AI) in Imaging Services has transformed opportunities for the Diagnostic Imaging Services Market. AI applications in medical imaging enhance the efficiency and accuracy of diagnostics, revolutionizing the interpretation of complex imaging data. Machine learning algorithms can rapidly analyze vast datasets, aiding in the identification of subtle abnormalities and patterns that might be challenging for human interpretation. It helps earlier and more accurate disease diagnosis in addition to speeding up the diagnostic procedure.
  • AI in diagnostic imaging enables predictive analytics, empowering healthcare providers to anticipate potential health issues and customize treatment plans. As AI continues to evolve, in the diagnostic imaging market, the opportunity for these technologies f automate image recognition, quantification, and decision support, ultimately improving patient outcomes and providing an efficient diagnostic service. The integration of AI in imaging services signifies a significant technological advancement and a shift towards advanced, data-driven, and patient-centric healthcare practices.

Diagnostic Imaging Services Market Segment Analysis:                        

Diagnostic Imaging Services Market Segmented based on Imaging Modality, Application, and End-User.

By Imaging Modality, the Computed Tomography (CT) segment is expected to dominate the market during the forecast Period

The Computed Tomography (CT) segment in the diagnostic imaging services market utilizes X-ray technology to create detailed cross-sectional images of the body. CT scans are widely employed for comprehensive diagnostic purposes, offering high-resolution imaging of organs, bones, and tissues. Applications in cardiology, oncology, neurology, and trauma assessment, CT scans provide valuable insights for accurate diagnosis and treatment planning. Continuous advancements in CT technology, including multi-slice and 3D imaging capabilities, contribute to improved diagnostic precision, making it an important modality in modern healthcare.

Diagnostic Imaging Services Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

  • The Asia Pacific region is experiencing rapid economic development, leading to improved healthcare infrastructure and increased accessibility to medical services. Rising disposable incomes and changing lifestyles contribute to a demand for healthcare, including diagnostic imaging, as chronic diseases are growing. The Asia Pacific region has a large and aging population, which increases the prevalence of age-related health issues. The demand for diagnostic imaging services in areas such as neurology, cardiology, and oncology, is expected to grow the need for early detection and effective management of these conditions.
  • Technological advancements and the adoption of innovative medical imaging technologies are on the rise in the Asia Pacific. The region is keen on incorporating state-of-the-art equipment, such as advanced MRI and CT scanners, to improve diagnostic accuracy and patient outcomes. Additionally, there is a growing awareness of the importance of preventive healthcare, prompting individuals to undergo routine diagnostic screenings, further boosting the demand for diagnostic imaging services.
  • Modern tools, like CT and MRI scanners are enhancing patient outcomes and diagnosis. Increasing demand for diagnostic imaging services is the growing value of preventative healthcare encourages people to get regular diagnostic screenings. Furthermore, government initiatives and increased healthcare spending in countries like China, India, and Japan are driving the expansion of healthcare infrastructure, making diagnostic imaging services more widely available. The Asia Pacific region is expected to significantly grow the diagnostic imaging services market in the future due to economic growth, demographic trends, technological adoption, and healthcare investments.

Key Players Covered in Diagnostic Imaging Services Market:

  • Center for Diagnostic Imaging (U.S)
  • Novant Health (US)
  • RadNet (U.S)
  • Dignity Health (US)
  • Alliance Medical (UK)
  • Medica Group (UK)
  • Global Diagnostics (UK)
  • Concord Medical Services Holdings Limited (China)
  • Healthcare Imaging Services Pty Ltd. (Australia)
  • Sonic Healthcare (Australia), and Other Major Players

Key Industry Developments in the Diagnostic Imaging Services Market:

  • In November 2023, The Taunton Diagnostic Centre commenced operations under the management of Alliance Medical Ltd. This development stems from a 15-year partnership between Somerset NHS Foundation Trust and Alliance Medical, wherein Alliance Medical will oversee the provision of diagnostic tests to NHS patients in Somerset.
  • In July 2023, IK IX Fund completed the acquisition of Medica Group Plc through Moonlight Bidco Limited. This marks IK's fourth platform investment in the UK. The focus is on supporting Medica Group in maintaining high standards of clinical governance and sub-specialty expertise, with investments planned for people, technology, and capabilities through both organic growth and potential mergers and acquisitions.

Global Diagnostic Imaging Services Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 549.0 Bn.

Forecast Period 2023-30 CAGR:

5.3 %

Market Size in 2030:

USD 829.85 Bn.

Segments Covered:

By Imaging Modality

  • X-ray
  • Magnetic Resonance Imaging (MRI)
  • Ultrasound
  • Computed Tomography (CT)
  • Nuclear Imaging

By Application

  • Cardiology
  • Gynecology
  • Oncology
  • Orthopedics & Musculoskeletal
  • Neurology & Spine
  • General Imaging

By End-User

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Healthcare Demand

Key Market Restraints:

  • High Cost of Equipment and Services

Key Opportunities:

  • Adoption of AI in Imaging Services

Companies Covered in the report:

  • Novant Health, RadNet, Dignity Health, Alliance Medical, Medica Group, and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. DIAGNOSTIC IMAGING SERVICES MARKET BY IMAGING MODALITY (2017-2030)
    1. DIAGNOSTIC IMAGING SERVICES MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. X-RAY
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. MAGNETIC RESONANCE IMAGING (MRI)
    5. ULTRASOUND
    6. COMPUTED TOMOGRAPHY (CT)
    7. NUCLEAR IMAGING
  7. DIAGNOSTIC IMAGING SERVICES MARKET BY APPLICATION (2017-2030)
    1. DIAGNOSTIC IMAGING SERVICES MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. CARDIOLOGY
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. GYNECOLOGY
    5. ONCOLOGY
    6. ORTHOPEDICS & MUSCULOSKELETAL
    7. NEUROLOGY & SPINE
    8. GENERAL IMAGING
  8. DIAGNOSTIC IMAGING SERVICES MARKET BY END-USER (2017-2030)
    1. DIAGNOSTIC IMAGING SERVICES MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. HOSPITALS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. DIAGNOSTIC CENTERS
    5. AMBULATORY SURGICAL CENTERS
  9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Diagnostic Imaging Services Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. CENTER FOR DIAGNOSTIC IMAGING (U.S)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. NOVANT HEALTH (US)
    4. RADNET (U.S)
    5. DIGNITY HEALTH (US)
    6. ALLIANCE MEDICAL (UK)
    7. MEDICA GROUP (UK)
    8. GLOBAL DIAGNOSTICS (UK)
    9. CONCORD MEDICAL SERVICES HOLDINGS LIMITED (CHINA)
    10. HEALTHCARE IMAGING SERVICES PTY LTD. (AUSTRALIA)
    11. SONIC HEALTHCARE (AUSTRALIA)
  10. GLOBAL DIAGNOSTIC IMAGING SERVICES MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Imaging Modality
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By End-User
      6. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  11. INVESTMENT ANALYSIS
  12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Diagnostic Imaging Services Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 549.0 Bn.

Forecast Period 2023-30 CAGR:

5.3 %

Market Size in 2030:

USD 829.85 Bn.

Segments Covered:

By Imaging Modality

  • X-ray
  • Magnetic Resonance Imaging (MRI)
  • Ultrasound
  • Computed Tomography (CT)
  • Nuclear Imaging

By Application

  • Cardiology
  • Gynecology
  • Oncology
  • Orthopedics & Musculoskeletal
  • Neurology & Spine
  • General Imaging

By End-User

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Healthcare Demand

Key Market Restraints:

  • High Cost of Equipment and Services

Key Opportunities:

  • Adoption of AI in Imaging Services

Companies Covered in the report:

  • Novant Health, RadNet, Dignity Health, Alliance Medical, Medica Group, and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Diagnostic Imaging Services Market research report?

The forecast period in the Diagnostic Imaging Services Market research report is 2023-2030.

Who are the key players in the Diagnostic Imaging Services Market?

Center for Diagnostic Imaging (U.S), Novant Health (US), RadNet (U.S), Dignity Health (US), Alliance Medical (UK), Medica Group (UK), Global Diagnostics (UK), Concord Medical Services Holdings Limited (China), Healthcare Imaging Services Pty Ltd. (Australia), Sonic Healthcare (Australia), and Other Major Players.

What are the segments of the Diagnostic Imaging Services Market?

The Diagnostic Imaging Services Market is segmented into Imaging Modality, Application End-User, and Region. By Imaging Modality, the market is categorized into X-ray, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography (CT), and Nuclear Imaging. Application, the market is categorized into Cardiology, Gynecology, Oncology, Orthopedics & Musculoskeletal, Neurology & Spine, and General Imaging. By End-Users, the market is categorized into Hospitals, Diagnostic Centers, and Ambulatory Surgical Centers. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Diagnostic Imaging Services Market?

Diagnostic Imaging Services is a medical procedure using advanced technologies to visualize the internal structures of the body, aiding in disease detection and diagnosis. Techniques like X-ray, CT scan, MRI, ultrasound, and nuclear medicine are employed to create detailed images of organs and tissues. These services play a crucial role in identifying and assessing various medical conditions, enabling healthcare professionals to formulate accurate treatment plans.

How big is the Diagnostic Imaging Services Market?

Diagnostic Imaging Services Market size is expected to grow from USD 549.0 Billion in 2022 to USD 829.85 Billion by 2030, at a CAGR of 5.3 % during the forecast period (2023-2030).