Diagnostic Imaging Services Market

The new report by Expert Market Research titled, ‘Global Diagnostic Imaging Services Market Share, Size, Trends, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global diagnostic imaging services market, assessing the market based on its segments such as type, application, end-use, and major regions like Asia Pacific, Europe, North America, Middle East, and Africa and Latin America.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2020): USD 361.5 Billion
  • Forecast CAGR (2023-2028): 6%

The increasing incidence and prevalence of chronic diseases are one of the key factors for the increasing demand for diagnostic imaging services all across the globe. Moreover, rising awareness related to acute care, image-guided medical procedures, and improved treatment planning is also motivating the diagnostic imaging services industry.

Diagnostic Imaging Services Industry Definition and Major Segments

Diagnostic imaging is used to aid the diagnosis of the body or its parts for a particular medical condition. A variety of techniques are used to create body image. The type of techniques used by the physician depends on the condition and symptom of the patient. Along with understanding the patient’s health needs, it also maintains the privacy and security of the sensitive data by providing access to different verticals.

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On the basis of type, the Diagnostic Imaging Services market is segmented into:

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

The market is also segmented by application into the following sub-segments

  • Cardiology
  • Gynaecology/Obstetrics
  • Orthopaedics and Musculoskeletal
  • Oncology
  • Neurology and Spine
  • General Imaging

Based on end-use, the market is segmented into

  • Hospitals
  • Diagnostic Imaging Centres
  • Ambulatory Surgical Centres
  • Others

The regional markets for Diagnostic Imaging Services include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Diagnostic Imaging Services Market Trends

Significant demand for medical imaging services is witnessed all across the globe. The increasing number of diagnostic imaging centres, rising geriatric population, and increase in chronic diseases such as cancer and CVD are some of the key factors for market growth.

Moreover, increased awareness for early diagnosis and government programs for early diagnosis of critical diseases also support market growth. As a result, investment by the government and the private sectors in imaging facilities is increasing, aiding the market growth. The US is expected to be a major contributor to the market whereas emerging economies such as China, India, and Brazil will provide significant growth to the market.

Key Market Players

The major players in the market are Siemens Healthineers, Hitachi, Ltd., Koninklijke Philips N.V., GE Healthcare, Shimadzu Corporation among few others. The report covers the market shares, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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