Research Nester published a report titled “Diagnostic Imaging Services Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers a detailed overview of the global diagnostic imaging services marketin terms of market segmentation by product, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global diagnostic imaging services market is projected to grow at a CAGR of ~6% by attaining robust revenue during the forecast period, i.e., 2023 – 2033. A higher prevalence of bone fractures is anticipated to propel the growth of the market during the forecast period.
It has been noticed that every year, almost 6 million cases of bone fractures occur solely in the United States. Additionally, developing healthcare expenditure is further estimated to propel the market growth over the forecast period. Data provided by the World Bank demonstrated that health expenditure reached around USD 1,121.9 per capita in 2019.
Additionally, by product, the global diagnostic imaging services market is segmented into MRI, SPECT, PET, X-RAY, ultrasound, tomography, and nuclear imaging. Out of these sub-segments, the X-RAY segment is estimated to obtain the largest share in the market during the forecast period.
The growth of the segment can be accounted to the growing penetration of various diseases and disorders globally. World Health Organization (WHO) demonstrated that approximately 3.6 billion medical examinations are performed by X-RAY annually worldwide.
Furthermore, the global diagnostic imaging services market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
Out of these regions, the market in the North America region is estimated to grow at a rapid pace over the forecast period on the back of the increasing geriatric population.
As per the data published by the World Bank, it is stated that the geriatric population of the United States alone reached 56,545,938 in 2021.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa).
In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Escalating Demand for Medical Imaging Technology to Foster the Growth of the Market
In 2022, the diagnostic imaging devices segment was estimated to generate total revenue of around USD 45 billion.
Medical imaging technology is growing exponentially over the recent decade. Medical imaging technology becomes very important in the diagnosis and treatment procedure of certain diseases. Nuclear medicine, ultrasonography, computed tomography, X-RAYs, mammography, MRI, and others are the major medical imaging technologies that are used highly in the medical field. Therefore, such higher utilization is anticipated to propel the growth of the market during the forecast period.
However, expensive imaging diagnostic procedures and the requirement for higher initial investment are expected to operate as a key restraint to the growth of the global diagnostic imaging services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global diagnostic imaging services market which include company profiling of Fonar Corporation, Siemens Healthcare GmbH, Shimadzu Corporation, General Electric Company, Samsung Medison Co., Ltd., Koninklijke Philips N.V., Hologic, Inc., Canon Medical Systems Corporation, Hitachi Healthcare Americas Corporation, and Carestream Health.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global diagnostic imaging services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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