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Global Diagnostic Imaging Services Market: By Type: X-ray, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography (CT), Nuclear Imaging, Others; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Diagnostic Imaging Services Market Outlook
The global diagnostic imaging services market size was around USD 361.5 billion in 2020 and is expected to expand at a CAGR of 6% over the forecast period of 2023-2028.
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Medical imaging is an essential aspect of the whole continuum of health care. The emphasis on chronic disease, acute care, image-guided medical procedures, and improved treatment planning is driving the diagnostic imaging services industry.
Market Segmentation
Diagnostic imaging allows doctors to seek clues about a medical condition inside the body. A variety of techniques and machines can create images of your body’s structures and activities. The type of imaging service used by a doctor depends on the symptoms and part of a patient’s body being examined.
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The diagnostic imaging services market can be divided on the basis of segments like type, application, and end-use.
The industry can be divided on the basis of its type as X-ray, magnetic resonance imaging (MRI), ultrasound, computed tomography (CT), and nuclear imaging, among others.
The industry can be divided based on its application into:
- Cardiology
- Gynecology/Obstetrics
- Orthopaedics and Musculoskeletal
- Oncology
- Neurology and Spine
- General Imaging
Further, the industry, based on its end use, can be broadly categorised into:
- Hospitals
- Diagnostic Imaging Centres
- Ambulatory Surgical Centres
- Others
The EMR report looks into the regional diagnostic imaging services markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The global market for diagnostic imaging services is driven by factors, such as, an increased number of diagnostic imaging centres, growing geriatric population, increased cancer prevalence, and increased awareness of early diagnosis. Moreover, increased investments by government and private organisations in the health care sector to modernise imaging facilities is further aiding the market growth. The rising demand for diagnostic imaging devices is increasing due to technologically advanced imaging systems with multi-field applications and improved healthcare infrastructure. However, the high cost of diagnostic imaging procedures may hamper the market’s growth during the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global diagnostic imaging services market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- RadNet, Inc. (RDNT: NASDAQ)
- MedQuest Associates, Inc.
- Hitachi, Ltd.
- Koninklijke Philips N.V.
- Shimadzu Corporation
- RAYUS Radiology
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis, as well as an assessment of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, End Use, Region |
| Breakup by Type | X-ray, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography (CT), Nuclear Imaging, Others |
| Breakup by Application | Cardiology, Gynecology/Obstetrics, Orthopaedics & Musculoskeletal, Oncology, Neurology & Spine, General Imaging |
| Breakup by End Use | Hospitals, Diagnostic Imaging Centres, Ambulatory Surgical Centres, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | RadNet, Inc. (RDNT:NASDAQ), MedQuest Associates, Inc., Hitachi, Ltd., Koninklijke Philips N.V., Shimadzu Corporation, RAYUS Radiology, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Diagnostic Imaging Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Diagnostic Imaging Services Historical Market (2018-2022)
8.3 Global Diagnostic Imaging Services Market Forecast (2023-2028)
8.4 Global Diagnostic Imaging Services Market by Type
8.4.1 X-ray
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Magnetic Resonance Imaging (MRI)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Ultrasound
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Computed Tomography (CT)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Nuclear Imaging
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Diagnostic Imaging Services Market by Application
8.5.1 Cardiology
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Gynaecology/Obstetrics
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Orthopaedics and Musculoskeletal
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Oncology
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Neurology and Spine
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 General Imaging
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.6 Global Diagnostic Imaging Services Market by End Use
8.6.1 Hospitals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Diagnostic Imaging Centres
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Ambulatory Surgical Centres
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Diagnostic Imaging Services Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 RadNet, Inc. (NASDAQ: RDNT)
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 MedQuest Associates, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Hitachi, Ltd.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Shimadzu Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Koninklijke Philips N.V.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 RAYUS Radiology
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Diagnostic Imaging Services Market: Key Industry Highlights, 2018 and 2028
2. Global Diagnostic Imaging Services Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Diagnostic Imaging Services Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Diagnostic Imaging Services Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Diagnostic Imaging Services Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Diagnostic Imaging Services Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Global Diagnostic Imaging Services Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Global Diagnostic Imaging Services Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Diagnostic Imaging Services Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Diagnostic Imaging Services Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Diagnostic Imaging Services Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Diagnostic Imaging Services Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Diagnostic Imaging Services Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Diagnostic Imaging Services Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Diagnostic Imaging Services Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Diagnostic Imaging Services Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Diagnostic Imaging Services Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Diagnostic Imaging Services Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Diagnostic Imaging Services Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Diagnostic Imaging Services Market Structure
Key Questions Answered in the Report
In 2020, the global diagnostic imaging services market attained a value of nearly USD 361.5 billion.
The market is projected to grow at a CAGR of 6% between 2021 and 2026.
The major drivers of the industry include increased number of diagnostic imaging centres, growing geriatric population, increased cancer prevalence, and increased awareness of early diagnosis.
The emphasis on chronic disease, acute care, image-guided medical procedures, and improved treatment planning is expected to be a key trend guiding the growth of the industry.
The types of diagnostic imaging services available are X-ray, magnetic resonance imaging (MRI), ultrasound, computed tomography (CT), and nuclear imaging, among others.
Diagnostic imaging services finds applications as cardiology, gynaecology/obstetrics, orthopaedics and musculoskeletal, oncology, neurology and spine, and general imaging.
Diagnostic imaging services can have different end-uses like hospitals, diagnostic imaging centres, and ambulatory surgical centres, amongst others.
The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading players in this market are RadNet, Inc. (RDNT:NASDAQ), MedQuest Associates, Inc., Hitachi, Ltd., Koninklijke Philips N.V., Shimadzu Corporation, RAYUS Radiology, amongst others.
Analyst Review
The global diagnostic imaging services market attained a value of USD 361.5 billion in 2020, driven by the emphasis on chronic disease, acute care, image-guided medical procedures, and improved treatment planning. Aided by the increased number of diagnostic imaging centres, growing geriatric population, increased cancer prevalence, and increased awareness of early diagnosis, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the diagnostic imaging services market can be segmented into X-ray, magnetic resonance imaging (MRI), ultrasound, computed tomography (CT), and nuclear imaging. By application, the industry can be divided cardiology, gynaecology/obstetrics, orthopaedics and musculoskeletal, oncology, neurology and spine, and general imaging. Diagnostic imaging services can have different end-uses like hospitals, diagnostic imaging centres, and ambulatory surgical centres, amongst others. The regional markets for diagnostic imaging services include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include RadNet, Inc. (RDNT:NASDAQ), MedQuest Associates, Inc., Hitachi, Ltd., Koninklijke Philips N.V., Shimadzu Corporation, RAYUS Radiology, amongst others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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