Diagnostic Imaging Services Market Analysis

Product (MRI, SPECT, PET, X-RAY, Ultrasound, Tomography, Nuclear Imaging)

The global diagnostic imaging services market is segmented and analyzed for demand and supply by product into MRI, SPECT, PET, X-RAY, ultrasound, tomography, and nuclear imaging, out of which, the X-RAY segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the mounting number of medical examinations across the globe owing to the higher prevalence of multiple diseases and disorders in the modern population. Based on the data provided by the World Health Organization (WHO), it was stated that nearly 3.6 billion medical examinations are performed every year via X-RAY across the globe. Furthermore, the rising prevalence of lung diseases, dental disorders, and bone fractures is estimated to increase the adoption rate of X-ray imaging techniques in the forecast period. Also, the rapid development of advanced diagnostic X-ray system and ongoing technological advancements is anticipated to boost the revenue generation of the segment.

End-user (Imaging Centers, Hospitals)

The global diagnostic imaging services market is also segmented and analyzed for demand and supply by end-user in imaging centers and hospitals. Out of these, the hospital segment is projected to hold the largest share during the forecast period. The major factor attributed to segment growth is owing to the rising number of inpatients and outpatients visiting hospitals daily for checkups and scans which require diagnostic imaging services. Furthermore, the presence of a high number of hospitals across the world and the trust factor associated with the hospitals for consumers is also anticipated to create a positive outlook for segment growth. Massive investments to develop hospital infrastructure along with advancements made in the hospital setting are also expected to contribute positively to segment growth.

Our in-depth analysis of the global market includes the following segments:

By Product	MRI SPECT PET X-RAY Ultrasound Tomography Nuclear Imaging
By Application	Gynecology Oncology Orthopedics Neurology Cardiology Others
By End-User	Imaging Centers Hospitals

Frequently Asked Questions (FAQ)

Higher utilization of MRI across the globe and growing inclination toward medical imaging technology is estimated to majorly boost the market growth in the forecast period.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023-2033.

Expensive imaging diagnostic procedures and the requirement for higher initial investment are estimated to be the growth hindering factors for the market expansion.

The market in the North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Siemens Healthcare GmbH, Shimadzu Corporation, General Electric Company, Samsung Medison Co., Ltd., Koninklijke Philips N.V., Hologic, Inc., Canon Medical Systems Corporation, Hitachi Healthcare Americas Corporation, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product, application, end-user, and by region.

The X-RAY segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

Diagnostic Imaging Services Market Analysis