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Diagnostic Imaging Services Global Market Report 2024 - By Trends, Share, Size, Growth, Outlook By 2033
Diagnostic Imaging Services Market
Diagnostic Imaging Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $674.09 billion In 2028 At A CAGR Of 5.8% :
The diagnostic imaging services market size has grown strongly in recent years. It will grow from $508.76 billion in 2023 to $538.26 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to aging population, healthcare infrastructure development, medical tourism, disease prevalence, research and development.
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.
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Diagnostic Imaging Services Market Major 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 Driver - 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.
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Prominent Trend - 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.
Diagnostic Imaging Services Market Players
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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the diagnostic imaging services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the diagnostic imaging services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Diagnostic Imaging Services Market Report Structure
3. Diagnostic Imaging Services Market Trends And Strategies
4. Diagnostic Imaging Services Market - Macro Economic Scenario
5. Diagnostic Imaging Services Market Size And Growth
…..
27. Diagnostic Imaging Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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