Press release
A Deep Dive into Diagnostic Imaging Services Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Diagnostic Imaging Services Market Size
An increase in chronic disease incidents globally is anticipated to promote the expansion of the diagnostic imaging services market. These diagnostic imaging services, including ultrasound, fluoroscopy or nuclear medicine, radiographs, and CT scans, assist in visualizing the body's interior to identify various non-communicable or chronic diseases. A case in point, the World Health Organization stated in February 2022 that cancer, accounting for almost 10 million deaths, or nearly one in six deaths, was a primary source of mortality around the world. Every 34 seconds, one person in the United States succumbs to cardiovascular disease. As per the World Health Organization's data, cardiovascular diseases account for approximately 17.9 million global deaths annually. Therefore, with the growing incidence of chronic ailments such as cancer, heart diseases, stroke, diabetes, and arthritis, the demand for diagnostic imaging services is expected to surge.
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How will the growth rate of the diagnostic imaging services market shape industry trends by 2034?
In the past few years, the market size of diagnostic imaging services has significantly expanded. This market, which will be worth $538.26 billion in 2024, will experience growth of 5.8% compound annual growth rate (CAGR), leading it to a value of $569.47 billion in 2025. Various factors such as an aging demographic, advancement in healthcare infrastructure, increased medical tourism, a rise in the prevalence of diseases, as well as research and development have contributed to this growth during the historic period.
The market size for diagnostic imaging services is forecasted to experience robust expansion in the upcoming years. By 2029, it is expected to grow to $713.03 billion, with a compound annual growth rate (CAGR) of 5.8%. This anticipated growth during the forecast period can be linked to a rise in demand for remote diagnostic, personalized medicine, integration of telemedicine, shift towards outcomes-based reimbursement models, and the incorporation of environmentally-friendly practices. Notable trends projected during this period include the utilization of blockchain in healthcare, application of augmented reality (AR) in imaging, outsourcing of diagnostic services, comprehensive imaging, and ongoing innovations in imaging.
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What trends are poised to drive the future success of the diagnostic imaging services market?
Leading firms in the diagnostic imaging services market are prioritizing the integration of artificial intelligence and the application of blockchain technology to overhaul diagnostic imaging. Artificial intelligence, or AI, signifies machines' replication of human intelligence to undertake tasks typically done by humans. For instance, in February 2023, RadNet, a US-based healthcare organization, rolled out an updated breast cancer detection (EBCD) service with the goal of enhancing accuracy in breast cancer screening for women. This service also entails an additional AI-powered analysis named "Accord" for certain dubious examinations, guaranteeing comprehensive evaluations. Additionally, the EBCD offers a detailed lifetime risk evaluation for breast cancer, enabling patients to comprehend their personal risk factors and allowing tailored screening plans.
Which primary segments of the diagnostic imaging services market are driving growth and industry transformations?
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 Or OBS, Orthopedics And Musculoskeletal, Oncology, Neurology And Spine, General Imaging
3) By End User: Hospitals, Diagnostic Imaging Centers, Ambulatory Imaging Centers, Other End Users
Subsegments:
1) By X-Ray Imaging: Conventional X-Ray, Digital X-Ray, Fluoroscopy
2) By Ultrasound: Diagnostic Ultrasound, 3D Or 4D Ultrasound, Doppler Ultrasound
3) By Magnetic Resonance Imaging (MRI): Closed MRI, Open MRI, Functional MRI (fMRI)
4) By Computed Tomography (CT): Single-Slice CT, Multi-Slice CT, Cone Beam CT
5) By Nuclear Imaging: Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT), Bone Scintigraphy
6) By Mammography: Screen-Film Mammography, Digital Mammography, 3D Mammography
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Which geographical regions are pioneering growth in the diagnostic imaging services market?
North America was the largest region in the diagnostic imaging services market in 2024. 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.
Who are the influential players reshaping the diagnostic imaging services market landscape?
Major companies operating in the diagnostic imaging services market include Hitachi Ltd., Siemens Healthineers AG, Fujifilm Holdings Corporation, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Sonic Healthcare Ltd., 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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What Is Covered In The Diagnostic Imaging Services Global Market Report?
•Market Size Forecast: Examine the diagnostic imaging services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the diagnostic imaging services market for a structured understanding.
•Key Players Overview: Analyze major players in the diagnostic imaging services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the diagnostic imaging services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the diagnostic imaging services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the diagnostic imaging services market.
•Industry Challenges: Identify potential risks and obstacles affecting the diagnostic imaging services market.
•Competitive Landscape: Review strategic developments in the diagnostic imaging services market, including expansions, agreements, and new product launches.
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