High Growth Potential In Diagnostic Imaging Services Market Till 2026
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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