Press release
Global Diagnostic Imaging Services Market Overview 2033 : Forecasted Market Size And Growth Rate | Hitachi Ltd., International Business Machines Corporation, Medtronic plc,
Diagnostic Imaging Services Global Market Report 2024
The diagnostic imaging services market size is expected to see strong growth in the next few years. It will grow to $674.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increased demand for remote diagnostic, personalized medicine, telemedicine integration, shift towards outcomes-based reimbursement models, adoption of eco-friendly practices. Major trends in the forecast period include blockchain in healthcare, augmented reality (AR) in imaging, outsourcing diagnostic services, inclusive imaging, continuous imaging innovations.
Market Overview -
Diagnostic imaging services are used to peer into the body to help identify the underlying causes of an illness or damage and to validate a diagnosis. Diagnostic imaging services include the provision of easy, noninvasive, and painless diagnostic techniques that can create pictures of the structures and activities inside your body.
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Rising Global Incidence Of Chronic Illness Drives Growth In Diagnostic Imaging Services Market
The rise in incidents of chronic illness across the globe is expected to contribute to the growth of the diagnostic imaging services market going forward. Diagnostic imaging services such as ultrasound, fluoroscopy or nuclear medicine, radiographs, and CT scans are used to view the inside the body to diagnose various non-communicable or chronic diseases. For instance, in February 2022, according to WHO, cancer was a leading cause of death worldwide, resulting in nearly one in six deaths or almost 10 million deaths. In the USA, one person dies every 34 seconds from cardiovascular disease. According to WHO, the cardiovascular disease leads to estimated 17.9 deaths every year in the world. Thus, the increase in prevalence of chronic diseases such as cancer, cardiovascular disease, stroke, diabetes, and arthritis will increase the demand for diagnostic imaging services market.
Competitive Landscape -
Major companies operating in the diagnostic imaging services market report are Hitachi Ltd., International Business Machines Corporation, Medtronic plc, Siemens Healthineers AG, Fujifilm Holdings Corporation, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Sonic Healthcare Ltd., Catholic Healthcare West, Hologic Inc., Mindray Medical International Limited, Varian Medical Systems Inc., Shimadzu Corporation, Agfa-Gevaert Group NV, Carestream Health Inc., Bracco Imaging S.p.A., RadNet Inc., Neusoft Medical Systems Co. Ltd., Konica Minolta Healthcare Americas Inc., Alliance Healthcare Services Inc., Analogic Corporation, Samsung Medison Co. Ltd., Canon Medical Systems Corporation, Esaote S.p.A., MedQuest Associates Inc., Novarad Corporation, Swissray Global Healthcare Holding Ltd., Aurora Imaging Technology Inc., Planmed Oyj, CurveBeam LLC
AI Adoption Revolutionizes Diagnostic Imaging Services Market
Adoption of artificial intelligence is a key trend in the diagnostic imaging services market. The players in the diagnostic imaging services market are focusing on the adoption of artificial intelligence and the use of blockchain technology to revolutionize diagnostic imaging. Artificial intelligence, or AI, is the emulation of human intelligence by machines to perform tasks that call for humans specifically. Companies in the market are using artificial intelligence to improve diagnostic imaging services. For example, in November 2021, Royal Philips, a US-based company engaged in health technology, launched new AI-enabled innovations in MR imaging. Philips' new MR portfolio of intelligent integrated solutions is designed to streamline workflows, speed up MR exams, help ensure the sustainability and efficiency of radiology operations and optimize diagnostic quality. Similarly, in December 2021, Medo, a Canada-based company engaged in using artificial intelligence (AI), entered a partnership with Medical Imaging Consultants (MIC), a Canada-based radiology company, to improve diagnostic imaging services.
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Key Segments -
The diagnostic imaging services market covered in this report is segmented -
1) By Type: X-Ray Imaging, Ultrasound, Magnetic Resource Imaging, Computed Tomography, Nuclear Imaging, Mammography
2) By Application: Cardiology, Gynecology/OBS, Orthopedics And Musculoskeletal, Oncology, Neurology And Spine, General Imaging
3) By End User: Hospitals, Diagnostic Imaging Centers, Ambulatory Imaging Centers, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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