Medical Imaging Outsourcing Market Size

Medical Imaging Outsourcing Market size was valued at USD 8.5 billion in 2023 and is anticipated to reach USD 14.1 billion by the end of 2036, registering around 4.3% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of medical imaging outsourcing is evaluated at USD 8.8 billion.

The market expansion is primarily attributed to the increasing demand for high-quality diagnostic imaging services combined with the need for cost efficiency. A 2023, study published by the National Institutes of Health (NIH) stated that about 40 million magnetic resonance imaging (MRI) scans are performed every year in the United States. Healthcare providers are increasingly outsourcing imaging services to specialized vendors to manage costs and streamline operations while ensuring high-quality diagnostic services. Additionally, advancements in technology, such as artificial intelligence (AI) and machine learning, are enhancing the capabilities of outsourced imaging services, further boosting their adoption.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the medical imaging outsourcing market was USD 8.5 billion.

The market size of the medical imaging outsourcing landscape is projected to cross USD 14.1 billion by the end of 2036 expanding at a CAGR of 4.3% during the forecast period i.e., between 2024-2036.

The major players in the market are MetaMed, Alliance Medical, Diagnostic Imaging Services, NORTH AMERICAN SCIENCE ASSOCIATES INC., Ankarad Medical Imaging Systems, Shields MRI, KAYI Healthcare, RadNet, Inc., PROSCAN IMAGING, and others.

In terms of device, the computed tomography segment is anticipated to garner the largest market share of 57.2% by 2036 and display substantial growth opportunities during 2024-2036.

The market in North America is projected to hold the largest revenue share of 46.9% by the end of 2036 and provide more business opportunities in the future.

Medical Imaging Outsourcing Market Size