What Is The Current Scenario Of Diagnostic Imaging Services Market?

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Diagnostic imaging services are an essential part of healthcare. They enable doctors to diagnose a wide range of medical conditions and diseases. This market has seen significant growth in recent years due to the increasing demand for better diagnostic services, technological advancements, and the rising prevalence of chronic diseases.
The global diagnostic imaging services market is expected to grow significantly in the coming years due to the increasing adoption of advanced imaging technologies and the rising prevalence of chronic diseases. The market is also being driven by the increasing demand for more accurate diagnosis and improved outcomes. In addition, the increasing use of digital imaging systems and the growing availability of medical imaging services are also contributing to the growth of the market.
The report "Diagnostic Imaging Services Market Size, Growth by Procedure (MRI, Ultrasound, CT, X-RAY, Nuclear Imaging, Mammography), Application (OB/Gyn, Pelvic/Abdomen, Cardiology, Oncology, Neurology), Technology, User (Hospitals, Diagnostic Centers) - Global Forecast to 2027" The diagnostic imaging services ...
... market size is projected to reach USD 702.6 billion by 2027, at a CAGR of 5.1%.
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In terms of technology, the diagnostic imaging services market is divided into computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, positron emission tomography (PET), X-ray, and nuclear medicine. Of these, CT and MRI account for the largest share of the market. The demand for CT and MRI services is increasing due to their accuracy and availability.
Based on end user, the diagnostic imaging services market is divided into hospitals and clinics, diagnostic imaging centers, and home healthcare. Of these, the hospitals and clinics segment accounts for the largest share of the market. This is mainly due to the increasing number of hospitals and clinics that offer diagnostic imaging services and the rising demand for such services from these facilities.
Based on geography, the diagnostic imaging services market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America accounts for the largest share of the market. This is mainly due to the presence of a large pool of patients and the high adoption rate of advanced imaging technologies in the region.
The key players operating in the global diagnostic imaging services market are Siemens:
RadNet, Inc. (US), Sonic Healthcare (Australia), Akumin Inc. (US), Healius Limited (Australia), RAYUS Radiology (US), Dignity Health (US), Novant Health (US), Alliance Medical (UK), InHealth Group (UK), Apex Radiology (Australia), Concord Medical Services Holdings Limited (China), Unilabs (Switzerland), Affidea (Netherlands), I-MED Radiology Network (Australia), Capitol Imaging Services (US), SimonMed (US), among others
RadNet (US) one of the leading player operating in diagnostic imaging services market. The company offers various combinations of MRI, CT, PET, nuclear medicine, ultrasound, X-ray, fluoroscopy services and other related procedures. The company operates directly or indirectly through the joint ventures with hospitals, 347 imaging centers located in Arizona, California, Delaware, Florida, Maryland, New Jersey, and New York. To maintain its brand presence in this market, the company strongly focuses on partnerships and acquisitions & joint ventures. Additionally, RadNet has strong focus on developing A.I. solutions for the radiology industry. In January 2022, RadNet acquired radiology AI company Aidence Holding B.V. and Quantib B.V., to cancer screening portfolio for breast prostate and lung cancer. Through its multimodality imaging service strategy and strong concentration on establishment of new outpatient imaging centers are expected to enhance RadNet’s customer base in diagnostic imaging services market
Akumin Inc. (US) is one of the key players in the global diagnostic imaging services market. The company primarily focuses on acquisitions and partnerships with medical imaging service providers. Through the acquisition of Alliance health in June 2021, the company offers a full suite of outsourced outpatient solutions to hospitals, health systems, and physician group partners across the US. With the presence of 134 Centers, the company has a strong presence in regional markets within Florida and Texas, Pennsylvania, Delaware, Georgia, Illinois, and Kansas. Moreover, to strengthen its diagnostic imaging service line, the company is collaborating with well-established players in the diagnostic imaging industry, like Philips intending to install innovative imaging equipment in its diagnostic imaging centers.
Sonic Healthcare (Australia) Sonic healthcare is one of the world’s leading providers of medical diagnostic services. sonic provides highly specialised pathology/clinical laboratory and diagnostic imaging services to clinician’s hospitals, community health services, and their patients across Australia & New Zealand, US, Germany, Belgium, UK and Switzerland. The company has more than 1,600 pathologists, and more than 14,000 medical scientists, radiographers, sonographers. With an aim to maintain its market share in diagnotic imaging services , the company is focusing on inorganic strategies such as acquisitions to expand its diagnostic imaging services offerings and increase its revenue in this market.
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Overall, the global diagnostic imaging services market is expected to witness robust growth in the coming years due to the increasing demand for better diagnostic services and the rising adoption of advanced imaging technologies.
This research report categorizes the global diagnostic imaging services market by modality, application, technology, end user, and region.
By Modality
• X-ray
• Magnetic Resonance (MRI)
• Computed Tomography (CT)
• Ultrasound
• Nuclear Imaging
• Mammography
By Application
• X-ray
o General Radiography
o Dentistry
o Other X-ray applications
• Magnetic Resonance Imaging (MRI)
o Neurology
o Orthopedics
o Cardiovascular
o Pelvic & Abdomen
o Oncology
o Other MRI applications
• Ultrasound
o Neurology
o Orthopedics
o Cardiovascular
o Obstetrics & Gynecology
o Oncology
o Other Ultrasound Applications
• Computed Tomography (CT)
o Cardiovascular
o Oncology
o Neurology
o Other CT Applications
• Nuclear Imaging
o Neurology
o Oncology
o Cardiovascular
o Other Nuclear Imaging Applications
• Mammography
By Technology
• 2D Imaging Technology
• 3D/4D Imaging Technology
By End User
• Hospitals
• Diagnostic Centers
• Ambulatory Care Centers
• Research and Academia
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Recent Developments:
• In 2022, Radnet, Inc. acquired Quantib and Aidence with an aim to expand its cancer screening portfolio for breast, prostate, and lung cancers through the integration of AI technology.
• In 2021 , Sonic Healthcare announced the acquisition of Canberra Imaging Group (Australia) to helped strengthen Sonic Healthcare’s geographic footprint in the Australian diagnostic imaging services market.
• In 2021, Akumin Inc. acquired Alliance Healthcare to enhance its diagnostic imaging service portfolio.
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