2025 Diagnostic Imaging Services Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Diagnostic Imaging Services Market Size By 2025?
The market size for diagnostic imaging services has seen a robust growth in the past few years. It is projected to increase from $538.26 billion in 2024 to $566.86 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. The significant growth during the historic period is due to various factors such as an aging population, improvements in healthcare infrastructure, rise in medical tourism, disease prevalence, as well as research and development.

How Big Is the Diagnostic Imaging Services Market Size Expected to Grow by 2029?
The size of the diagnostic imaging services market is predicted to experience significant growth in the coming years, with estimates projecting it to reach $708.08 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.7%. This growth throughout the forecast period can be credited to a surge in the demand for remote diagnostics, personalized medication, the incorporation of telemedicine, a shift towards results-oriented reimbursement models, and the adoption of environmentally friendly practices. Key trends predicted for the forecast period encompass the use of blockchain in healthcare, the implementation of augmented reality (AR) in imaging, outsourcing diagnostic services, all-inclusive imaging, and constant imaging innovations.

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Which Key Market Drivers Powering Diagnostic Imaging Services Market Expansion and Growth?
The global surge in chronic disease incidents is anticipated to stimulate the growth of the diagnostic imaging services market. Methods like ultrasound, fluoroscopy (or nuclear medicine), radiographs, and CT scans, which provide internal body images, are employed to detect varied non-communicable or long-term diseases. The World Health Organization, for example, reported in February 2022 that cancer was a major global cause of death, accounting for almost one in six deaths or roughly 10 million fatalities. In the United States, a person succumbs to cardiovascular disease every 34 seconds. The WHO claims that cardiovascular disease results in an estimated 17.9 million deaths worldwide each year. Therefore, the rising prevalence of chronic conditions such as cancer, cardiovascular disease, stroke, diabetes, and arthritis is likely to drive demand for the diagnostic imaging services market.

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What Trends Will Shape the Diagnostic Imaging Services Market Through 2029 and Beyond?
Significant entities in the field of diagnostic imaging services are focusing on embracing technologies such as artificial intelligence and blockchain to transform the sector. Artificial intelligence, often referred to as AI, mimics human cognitive abilities, enabling machines to carry out tasks usually performed by humans. For instance, RadNet, a healthcare organization based in the United States, launched an improved service for detecting breast cancer (EBCD) in February 2023, aiming to enhance the precision of breast cancer screenings for women. Additionally, this service incorporates an AI-supported examination named "Accord" for specific doubtful check-ups, ensuring comprehensive evaluations. EBCD also offers a detailed evaluation of a person's lifetime risk of developing breast cancer, which assists patients in understanding their personal risk elements and promotes personalized screening strategies.

What Are the Emerging Segments in the Diagnostic Imaging Services Market?
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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Who Are the Global Leaders in the Diagnostic Imaging Services Market?
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

Which are the Top Profitable Regional Markets for the Diagnostic Imaging Services Industry?
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.

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