Diagnostic Imaging Services Market Research Report – Global Forecast till 2027

Diagnostic Imaging Services Market Research Report: by Procedure (Computed Tomography, MRI, X-ray), by Application (Neurology, Oncology, Cardiology), By Service Provider (Diagnostic centres) - Global Forecast Till 2027

ID: MRFR/HC/5720-HCR | February 2021 | Region: Global | 90 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario

Global diagnostic imaging services market is expected to grow significantly and is projected to grow at a CAGR of 8.2% over the forecast period. The diagnostic imaging services have become foundation of modern medical diagnostics for the treatment of variety of acute and chronic diseases including cardiovascular diseases and cancer. Use of the diagnostic imaging services has increased the accuracy and precision of diagnosis tremendously in recent years. The factors such as increasing demand for diagnostic imaging devices, growing government investment and funding’s for research in modernization of imaging services, and the on-going technological advancements in imaging systems to improve healthcare infrastructure is anticipated to boost the growth of the market over the forecast period. Moreover, increasing prevalence of lifestyle related diseases with increasing age and increased healthcare expenditure are driving the growth of this market. According to the World Population Prospects by the United Nations, approximately 962 million older population aged 60 and above were present globally as of 2017. This represents about 13% of the global population. A study by the National Institutes of Health (NIH) in 2015 reported that, the utilization of imaging services among elderly patients (65 years and above) is at least twice as compared to that of younger population. Despite the drivers, the high cost of imaging devices with advanced technologies and insufficient reimbursement policies may hinder the market growth during the assessment period.

Segmentation

The Global diagnostic imaging services market has been segmented into procedure, application, and service provider.

By procedure, the market has been segmented into X-ray, Computed Tomography, Ultrasound, MRI (Magnetic Resonance Imaging), Nuclear Imaging, Radiography and others. The procedure segment is estimated to hold major market share in the global diagnostic imaging services market due to the rising R&D activities in the diagnostics field and better device functionality and efficiency.

On the basis of application, the market has been segmented into Neurology, Cardiology, Oncology, Musculoskeletal and others.

The market, by service provider, has been segmented into Clinics & Hospitals, Diagnostic centres, Research laboratories and others.

The global diagnostic imaging services market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The diagnostics imaging services market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.

The European diagnostic imaging services market has been segmented into Western Europe and Eastern Europe. The Western Europe diagnostics imaging services market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The diagnostics imaging services market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The diagnostics imaging services market in the Middle East & Africa has been segmented into the Middle East and Africa.

Key players

Center for Diagnostic Imaging (CDI), Medquest Associates Inc./Novant Health, Simonmed/Dignity Health, Touchstone Imaging, Alliance Medical, Medica Group, Sonic Healthcare, Global Diagnostics, Consensys Imaging Service, Inc., Progressive Radiology, Concord Medical Services Holdings Limited, Alliance Healthcare Services, InHealth Group and others are some of the prominent players in the global diagnostic imaging services market.

Regional Market Summary

Global Diagnostic Imaging Services Systems Share (%), by Region, 2017

Source: White Papers, Company Presentations, Annual Reports

Geographically, the Americas is anticipated to dominate the global diagnostic imaging services market owing to the high clinical R&D budgets by both government as well as public and private organizations in diagnostic imaging modalities and rising adoption of advanced technologies. According to the US Investments in Medical and Health Research and Development 2013-2015, a report by Research America, in 2015, total US medical and health R&D in the US was USD 158.7 billion. Moreover, the increasing prevalence of geriatric population the subsequent growth in the incidence of variety of diseases in the region contributes to the market growth. According to the World Health Organization (WHO), in the US, more than 20% of the total population would be aged 65 years or over by 2030.This growing patient pool is powering this market.

Europe is expected to hold the second largest position in the global diagnostic imaging services market. The market growth in this region is attributed to the presence of strong academic & research base and availability of funding for research in the European countries. For instance, the European Research Council (ERC) provides grants for technological and scientific research conducted within the European Union (EU). Additionally, increased diagnostic imaging services and rising awareness among people for early detection of diseases is driving this market.

The diagnostic imaging services market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to increasing demand for technologically advanced imaging devices, improving healthcare infrastructure and high growth opportunities for major key players for setting up their regional headquarters and manufacturing plants in this region.

The Middle East & Africa has the lowest share of the global diagnostic imaging services market. Majority of the market of the region is anticipated to be held by the Middle East region owing to the growing government initiatives for the healthcare sector.

Global Diagnostic Imaging Services Market, by Procedure

X-ray

Computed Tomography

Ultrasound

Nuclear Imaging

Radiography

Others

Global Diagnostic Imaging Services Market, by Application

Neurology

Cardiology

Oncology

Musculoskeletal

Others

Global Diagnostic Imaging Services Market, by Service Provider

Clinics & Hospitals

Diagnostic centers

Research laboratories

Others

Global Diagnostic Imaging Services Market, by Region

Americas
- North America
  - US
  - Canada
- Latin America

Europe
- Western Europe
  - Germany
  - France
  - Italy
  - Spain
  - UK
  - Rest of Western Europe
- Eastern Europe

Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific

The Middle East & Africa
- Middle East
- Africa

Company Profiles

Center for Diagnostic Imaging (CDI)

Medquest Associates, Inc./Novant Health

Simonmed/Dignity Health

Touchstone Imaging

Alliance Medical

Medica Group

Sonic Healthcare

Global Diagnostics

Consensys Imaging Service, Inc.

Progressive Radiology

Concord Medical Services Holdings Limited

Alliance Healthcare Services

InHealth Group

Others

Intended Audience

Diagnostic imaging service providers

Diagnostic imaging devices manufacturers and suppliers

Contract Research Organizations (CROs)

Research and Development (R&D) Companies

Government Research Laboratories

Independent Research Laboratories

Government and Independent Regulatory Authorities

Market Research and Consulting Service Providers

Academic Institutes and Universities

Frequently Asked Questions (FAQ) :

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Detection Technique Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Diagnostic Imaging Services Market , by Procedure

6.1 Introduction

6.2 X-ray

Market Estimates & Forecast, by Region, 2020-2027