21-May-2020 | Facts and Factors
Findings from Facts and Factors has authored “Diagnostic Imaging Services Market by Imaging Modality (X-ray, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography (CT), Nuclear Imaging, and Others); by Application (Cardiology, Gynecology/Obs, Orthopedics & Musculoskeletal, Oncology, Neurology & Spine, and General Imaging); and by End User (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”. states that the global diagnostic imaging services market in 2019 was approximately USD 690 Billion. The market is expected to grow above a CAGR of 5.3% and is anticipated to reach over USD 700 Billion by 2026.
Diagnostic imaging is a procedure of imaging the human body with the assistance of different imaging systems. These services incorporate a few innovations, procedures, and types of gadgets to monitor, analyze, screen, and treat ailments for powerful clinical mediation. Diagnostics imaging has improved the capacity of specialists to treat, analyze, and identify a physical issue or illness accurately at an underlying stage. Also, analytic imaging services are utilized to furnish data related to a particular zone of the body to be dealt with or contemplated. Various up-gradation in imaging procedures in the field of medication have encouraged the procurement of data identified with the human body for clinical intercessions. Likewise, progression in imaging gives doctors new devices to improve care in inventive manners. Expanding prevalence of ceaseless diseases across the globe and developing interest for its analysis have urged diagnostics imaging organizations to grow new and improve the current services.
Growing geriatric populace and prevalence of ceaseless diseases, rising mindfulness for early analysis of ailments, innovative progression, augmenting utilization of diagnostics imaging gadgets, and expanding financing from government bodies are the components to fuel the development of the market. However, expanded danger of malignancy attributable to presentation to radiation, the significant expense of diagnostics methods, and lack of helium for attractive reverberation imaging frameworks are significant factors that may hamper the growth of the worldwide diagnostic imaging services market Innovative progression for item highlight improvement is relied upon to bring new development roads for significant market players working in the worldwide market.
The worldwide diagnostic imaging services industry has been segmented on the basis of end-user, application, imaging modality, and region. The imaging modality segment is divided into X-ray, Ultrasound, Nuclear Imaging, Magnetic Resonance Imaging, Computed Tomography, and Others. The X-ray section is projected to dominate the demand for imaging modality segments in the worldwide diagnostic imaging services industry. The growth of this section is attributed to the characteristics of the gadget and common usage.
Further, the application segment is classified as Orthopedics & Musculoskeletal, Oncology, Neurology & Spine, Gynecology/Obs, General Imaging, Cardiology. Additionally, the end-user segment is classified as Diagnostic Centers, Ambulatory Surgical Centers, Hospitals, and Others. The hospital division captured the highest market share in 2019, With the quickest rise is expected over the forecast era.
Geographically market is categorized as Latin America, North America, APAC, Europe, and the MEA regions. North America is estimated to dominate the global market in the near future owing to the increasing adoption of technically advanced products in the countries of this region. This growth is attributed due to rising awareness among individuals regarding the use of advanced healthcare gadgets in the region.
Top Market Players
Top key players operating in the market are Esaote SpA, Hologic Inc, TOSHIBA CORPORATION, Siemens Healthcare GmbH, Shimadzu Corporation, Koninklijke Philips N.V., Hitachi Medical Corporation, Hitachi Ltd., GE Healthcare, Fujifilm Corporation, Carestream Health among others. Key operating players of the Diagnostic Imaging Services market are focusing on the development of more advanced, reliable, and cost-effective products in order to contribute to the revenue growth of the global market.
This report segments the diagnostic imaging services market as follows:
Global Diagnostic Imaging Services Market: Imaging Modality Segment Analysis
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- Nuclear Imaging
Global Diagnostic Imaging Services Market: Application Segment Analysis
- Orthopedics & Musculoskeletal
- Neurology & Spine
- General Imaging
Global Diagnostic Imaging Services Market: End-User Segment Analysis
- Ambulatory Surgical Centers
- Diagnostic Centers
Global Diagnostic Imaging Services Market: Regional Segment Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
Rest of Middle East & Africa
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