Global Diagnostic Imaging Services Market Set for Rapid Growth, to reach Value USD 730.6 billion by 2025

17-Feb-2020 | Zion Market Research

Zion Market Research has published a new report titled “Diagnostic Imaging Services Market by Modality (Magnetic Resonance Imaging (MRI), Ultrasound, X-ray Imaging, Mammography, Computed Tomography (CT), and Nuclear Imaging), Application (Gynecology, Cardiology, Musculoskeletal & Orthopedics, General Imaging, Neurology, and Cardiology), and End User (Diagnostic Centers, Hospitals, Academia & Research, and Ambulatory Care Centers): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025” According to the report, global demand for diagnostic imaging services market was valued at approximately USD 516.7 billion in 2018, and is expected to generate revenue of around USD 730.6 billion by end of 2025, growing at a CAGR of around 5.2% between 2019 and 2025.

Browse the full “Diagnostic Imaging Services Market by Modality (Magnetic Resonance Imaging (MRI), Ultrasound, X-ray Imaging, Mammography, Computed Tomography (CT), and Nuclear Imaging), Application (Gynecology, Cardiology, Musculoskeletal & Orthopedics, General Imaging, Neurology, and Cardiology), and End User (Diagnostic Centers, Hospitals, Academia & Research, and Ambulatory Care Centers): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025” Report at https://www.zionmarketresearch.com/report/diagnostic-imaging-services-market           

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Medical imaging can be defined as process and technique used for the creation of visual representations of the inside of the body for diagnosis and subsequent treatment. Medical imaging is used to disclose internal assemblies concealed by skin and bones. Medical imaging also plays an important role in follow-up of the medical conditions that have already been diagnosed or treated.

Factors such as increasing prevalence of cancer, growing geriatric population, increasing awareness regarding early diagnosis of diseases, broadening scope of medical applications, growing demand for advanced diagnostic techniques, and increasing healthcare expenditure in developing regions will act as major driving factors in the growth of global diagnostic imaging services market. Technological improvements in the field of medical imaging and growing awareness will present an opportunity for the market players in the diagnostic imaging services market. Nonetheless, high cost of medical imaging systems, lack of skilled diagnosticians, and unfavorable reimbursement scenario in developing regions will restrict the growth of global diagnostic imaging services market.

The global diagnostic imaging services market has been split into modality, application, end user, and region. Based on modality, diagnostic imaging services market has been segmented into magnetic resonance imaging (MRI), ultrasound, x-ray imaging, mammography, computed tomography (CT), and nuclear imaging. The x-ray imaging segment accounted for the highest market share in 2018 owing to rapidly increasing geriatric population. The application segment has been divided into gynecology, cardiology, musculoskeletal & orthopedics, general imaging, neurology, and oncology. The oncology segment accounted for the highest market share in 2018 owing to high incidence of cancer. The end user segment has been divided into diagnostic centers, hospitals, academia & research, and ambulatory care centers. The hospitals segment accounted for the highest market share in 2018 due to presence of latest medical imaging infrastructure in hospitals.

North America will be the leading region during the forecast period. U.S. accounted for the highest share in the North America region due to presence of latest medical imaging infrastructure and increasing geriatric population. Europe is likely to be the succeeding key market. The crucial reasons are presence of skilled medical professionals and positive reimbursement scenario. Asia Pacific will develop at the highest growth rate owing to high incidence of cancer, technological improvements in the field of medical imaging, and initiatives taken by governments to create awareness regarding early diagnosis of diseases. Latin America region will propagate at a noteworthy rate through the assessment time. Middle East & Africa will show positive advancement in the projected time-frame.

The report also includes detailed profiles of key players such as Hitachi, Ltd., Siemens Healthcare GmbH, Fujifilm Corporation, Carestream Health, Koninklijke Philips N.V., Hologic, Inc., Carestream Health, TOSHIBA CORPORATION, GE Healthcare, Shimadzu Corporation, and Esaote SpA among others.

This report segments the Global Diagnostic Imaging Services Market as follows:

Global Diagnostic Imaging Services Market: By Modality

  • Magnetic Resonance Imaging (MRI)
  • Ultrasound
  • X-ray Imaging
  • Mammography
  • Computed Tomography (CT)
  • Nuclear Imaging

Global Diagnostic Imaging Services Market: By Application

  • Gynecology
  • Cardiology
  • Musculoskeletal & Orthopedics
  • General Imaging
  • Neurology
  • Oncology

Global Diagnostic Imaging Services Market: By End User

  • Diagnostic  Centers
  • Hospitals
  • Academia & Research
  • Ambulatory Care Centers

Global Diagnostic Imaging Services Market: By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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