Diagnostic Imaging Services Market to hit US$ 845.34 Bn by 2032 - Coherent Market Insights | RadNet, Inc., Akumin Inc., Novant Health

The diagnostic imaging services market [https://www.coherentmarketinsights.com/industry-reports/diagnostic-imaging-services-market] is estimated to be valued at USD 565.55 Bn in 2025 and is expected to reach USD 845.34 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.9% from 2025 to 2032. The Diagnostic Imaging Services Marketis projected to grow steadily from 2025 to 2032, driven by the rising geriatric population, increasing prevalence of chronic diseases, and demand for early diagnosis. Advancements such as 3D ultrasound, mobile MRI, and interventional imaging are boosting clinical adoption, supported by government initiatives and favorable reimbursements. However, high equipment costs and a shortage of skilled professionals may limit growth.

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Global Diagnostic Imaging Services Market Key Takeaways

According to Coherent Market Insights (CMI), the global diagnostic imaging services market size is expected to reach a staggering USD 845.34 Bn by 2032, up from USD 565.55 Bn in 2025.

Global demand for diagnostic imaging services is likely to increase at a CAGR of 5.9% during the forecast period.

X-ray is set to remain the highly sought-after service type, accounting for 35.4% of the global diagnostic imaging services market share in 2025.

Hospitals, with an estimated market share of over two-fifths in 2025, are expected to remain the leading end users of diagnostic imaging services.

North America is poised to maintain its dominance, accounting for nearly 3/5 of the global diagnostic imaging services market revenue share in 2025.

Asia Pacific diagnostic imaging services market is slated to experience fastest growth during the assessment period.

Growing Demand for Early Disease Detection Fueling Market Growth

Coherent Market Insights' latest diagnostic imaging services market analysis outlines major factors driving industry growth. These include rising incidence of chronic and infectious diseases and increasing demand for early disease detection.

The global prevalence of chronic conditions like cancer and cardiovascular diseases is rising significantly, creating a need for early and accurate diagnosis. This trend is expected to boost demand for diagnostic imaging services.

Imaging modalities such as X-ray, MRI, CT, and PET scans play a crucial role in disease detection and monitoring. As cases of chronic and infectious diseases continue to increase, so will diagnostic imaging service demand.

High Cost and Radiation Exposure Concerns Hampering Market Growth

The prospective diagnostic imaging services market outlook looks optimistic. However, high equipment costs and radiation exposure concerns may limit market growth to some extent during the forecast period.

Advanced imaging systems like CT, MRI, and PET scanners are quite expensive. This high initial investment limits adoption, especially among small and mid-sized healthcare providers, thereby restricting the diagnostic imaging services market growth.

Similarly, concerns about radiation exposure, especially with repeated use of CT scans and X-rays, may lead some patients and physicians to limit their use of such modalities. This may affect the overall diagnostic imaging services market demand during the projection period.

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Unlocking Lucrative Growth Opportunities

Growing demand for advanced diagnostic tools is triggering innovation in the diagnostic imaging services industry. Technologies like AI-powered diagnostics, fusion imaging, and 3D/4D imaging are improving diagnostic accuracy and enhancing patient outcomes.

Many healthcare providers are adopting hybrid imaging systems like PET/CT and SPECT/CT to achieve more comprehensive and accurate diagnostic results. These innovations are expected to open revenue generation streams for diagnostic imaging service providers during the forecast period.

Impact of AI on the Diagnostic Imaging Services Market

Artificial intelligence (AI) is significantly transforming the diagnostic imaging services industry. It enhances the accuracy of image analysis, reduces reporting time, and improves overall workflow efficiency.

AI-powered tools assist radiologists in detecting conditions like tumors, strokes, and fractures with greater speed and consistency. This enables earlier and more accurate diagnoses, ultimately leading to improved patient outcomes.

Growing adoption of AI solutions by hospitals and imaging centers is driving market growth and reshaping how diagnostic imaging is delivered globally. In addition, supportive regulatory frameworks are accelerating integration of AI-based diagnostic technologies.

Emerging Diagnostic Imaging Services Market Trends

Rising focus on preventive healthcare is a key growth-shaping trend in the diagnostic imaging services market. Increasing public awareness about early disease detection, particularly for conditions like cancer, is prompting more individuals to undergo routine health screenings. This shift is significantly boosting demand for diagnostic imaging services such as MRI, CT, ultrasound, and mammography.

Expanding healthcare infrastructure, including hospitals and diagnostic centers, is expected to boost growth of the diagnostic imaging services market. Governments are investing huge amounts in developing and modernizing healthcare infrastructure, which is driving demand for advanced diagnostic imaging technologies and services.

Growing demand for telehealth and teleradiology is also contributing to market expansion. Remote diagnostics and cloud-based PACS/RIS systems are improving access to imaging services in underserved regions. Similarly, teleradiology helps bridge the radiologist gap and speeds up diagnosis.

Another notable trend in the diagnostic imaging services industry is the growing popularity of personalized medicine. There is a growing emphasis on tailored treatment plans based on individual patient data. Advanced imaging techniques provide the detailed, patient-specific information necessary for precision medicine, especially in oncology, neurology, and cardiology.

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Analyst's View

"The global diagnostic imaging services industry is set to grow steadily, driven by rising prevalence of chronic and infectious diseases, growing need for early and accurate diagnosis, and advancements in imaging modalities," said Komal Dighe, a senior analyst at CMI.

Current Events and Their Impact on the Diagnostic Imaging Services Market

Event

Description and Impact

Generative AI and Foundation Models in Radiology (2024-2025)

* Description: GE HealthCare and Siemens Healthineers have launched AI-powered imaging platforms capable of multimodal diagnostics.

* Impact: These technologies significantly reduce diagnostic errors, accelerate workflow, and enable earlier disease detection, especially in cancer and neurological imaging.

Surge in FDA Approvals for AI-Based Imaging Tools (2024-2025)

* Description: The FDA has approved several AI-driven imaging tools in 2024-2025, including tools like Viz.ai's AI algorithms for stroke detection.

* Impact: These approvals are rapidly transforming workflows in radiology departments by reducing image interpretation time and improving early detection of critical conditions.

Rise in Global Medical Tourism - Southeast Asia and UAE Investments (2025)

* Description: Countries like Thailand, Singapore, and the UAE are heavily investing in advanced imaging technologies (e.g., 3T MRI, full-body PET) to attract global patients.

* Impact: This creates a competitive push for imaging centers to modernize technologies and offer bundled diagnostics in global medical tourism hotspots.

Competitor Insights

Key companies in the diagnostic imaging services market research report:

- Akumin Inc.

- RadNet, Inc.

- MedQuest Associates

- Novant Health

- Concordmedical

- RAYUS Radiology

- Envision Radiology

- Lucid Medical Diagnostics

- Statim Healthcare

- Radiology Partners

- Capitol Imaging Services

- InHealth Group

- ADM Diagnostics, Inc.

- Global Diagnostic Imaging

Key Developments

In July 2025, GE Healthcare introduced Definium Pace Select ET, a new cutting-edge digital X-ray system. The new solution is designed to deliver high-image quality as well as optimize efficiency in highly demanding environments while improving access and affordability.

In February 2025, OB/GYN Specialists of the Palm Beaches launched breast imaging services across multiple locations in Palm Beach County through a partnership with RadNet. This collaboration leverages RadNet's DeepHealth technologies, including its AIdriven Enhanced Breast Cancer Detection protocol, to enhance breast cancer screening in the region.

In December 2024, Akumin Inc. introduced the world's first Akumin AXIS relocatable & expandable outpatient center at RSNA meeting. The innovation is specifically engineered to support critical radiology and oncology services, including PETCT, linear accelerators, and future MRI/theranostics capabilities. Market Segmentation

Type Insights (Revenue, USD Bn, 2020 - 2032)

X-ray

CT scans

MRI scans

Ultrasound

Others

Application Insights (Revenue, USD Bn, 2020 - 2032)

Ancestry Testing

Diet & Nutrition

Disease Risk Assessment

Others

End User Insights (Revenue, USD Bn, 2020 - 2032)

Hospitals

Diagnostics & Forensics Laboratories

Academic & Research Institutes

Others About Us: With a proven excellence in market research, Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.

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