1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Diagnostic Imaging Services Market?
The projected CAGR is approximately 6.8%.
U.S. Diagnostic Imaging Services MarketU.S. Diagnostic Imaging Services Market Soars to USD billion , witnessing a CAGR of 6.8 during the forecast period 2025-2033
U.S. Diagnostic Imaging Services Market by Procedure (CT, MRI, X-Ray, Ultrasound, Others), by Application (Cardiology, Neurology, Oncology, Orthopedics, Gynecology, Others), by Payor (Public Health Insurance, Private Health Insurance/Out of Pocket), by Setting (Hospitals, Imaging Centers, Others), by Forecast 2025-2033
Base Year: 2024
98 Pages
U.S. Diagnostic Imaging Services Market Soars to USD billion , witnessing a CAGR of 6.8 during the forecast period 2025-2033
U.S. Diagnostic Imaging Services Market Soars to USD billion , witnessing a CAGR of 6.8 during the forecast period 2025-2033
Key Insights
The U.S. Diagnostic Imaging Services Marketsize was valued at USD 122.41 USD billion in 2023 and is projected to reach USD 194.01 USD billion by 2032, exhibiting a CAGR of 6.8 % during the forecast period.Diagnostic imaging is a broad term for some of the various tools to look inside the body to investigate the root cause of an illness or injury and to ascertain the diagnosis The medical practitioners also use diagnostic imaging to check the response to the treatment for a fracture or an illness. Imaging of the diagnostics allows the doctor to see the inside of the human body and such helps to find any signs of a medical condition. Whereas others are built to generate images of the activities within the body. The diagnosis may involve a wide range of imaging evaluations, such as MRI Scans, MRA Scans, CT Scans, Ultrasound, X-rays, Bone density Scans, Arthogram, and Myelograms.
U.S. Diagnostic Imaging Services Trends
- Increased utilization of advanced imaging techniques such as MRI and CT scans
- Shift towards value-based imaging and personalized care
- Growing adoption of telemedicine for remote diagnostic services
- Focus on cost-effective and efficient imaging services
Driving Forces: What's Propelling the U.S. Diagnostic Imaging Services Market
- Aging population: The rapidly growing elderly population, with a higher prevalence of age-related diseases, such as osteoporosis, arthritis, and dementia, remains a significant driver for diagnostic imaging services.
- Rising incidence of chronic diseases: The increasing prevalence of chronic conditions like cardiovascular diseases, cancer, and neurological disorders, which require frequent imaging for diagnosis and monitoring, continues to fuel the market growth.
- Technological advancements: The ongoing development of advanced imaging modalities, including MRI, CT, and ultrasound, with improved image quality, faster scan times, and lower radiation exposure, is driving innovation and adoption in the market.
- Increased healthcare expenditure: Government and private insurance policies providing coverage for imaging services contribute to the affordability and accessibility of these services, driving market expansion.
- Government initiatives: Government initiatives aimed at improving healthcare outcomes and reducing healthcare costs, such as the Medicare Access and CHIP Reauthorization Act (MACRA), continue to promote the use of advanced diagnostic imaging technologies.
- Increasing demand for preventive care: The growing awareness of the importance of preventive healthcare leads to increased demand for diagnostic imaging services to detect diseases at early stages, contributing to market growth.
- Expansion of healthcare access: Government programs and initiatives aimed at expanding access to healthcare services, including diagnostic imaging, for underserved populations, contribute to market growth.
- Artificial intelligence and machine learning: The integration of artificial intelligence (AI) and machine learning (ML) into diagnostic imaging systems allows for improved image analysis, disease detection, and treatment planning, enhancing the accuracy and efficiency of imaging services.
Challenges and Restraints in U.S. Diagnostic Imaging Services Market
- High cost of imaging equipment and procedures:
- Radiation concerns associated with certain imaging techniques: X-rays and CT scans
- Shortage of qualified radiologists: Interpretation and reporting of complex imaging studies
- Competition from AI-based imaging solutions: Threatening the role of radiologists in image interpretation
Emerging Trends in U.S. Diagnostic Imaging Services
- Artificial intelligence (AI) powered imaging: Automated image analysis and improved diagnosis
- Cloud-based storage and distribution: Efficient access and sharing of medical images
- Personalized medicine: Tailored imaging protocols based on patient-specific factors
- Remote patient monitoring: Telemedicine-based diagnostic services for rural and underserved areas
Growth Catalysts in U.S. Diagnostic Imaging Services Industry
- Government initiatives to expand access to imaging services
- Development of mobile imaging systems for convenient patient care
- Collaboration between imaging providers and hospitals to improve patient outcomes
- Increasing awareness about preventive imaging services
- Focus on personalized medicine and precision imaging
- Integration of telemedicine for remote imaging consultations and follow-ups
Market Segmentation: U.S. Diagnostic Imaging Services Analysis
Procedure:
- CT
- MRI
- X-Ray
- Ultrasound
- Others
Application:
- Cardiology
- Neurology
- Oncology
- Orthopedics
- Gynecology
- Others
Payor:
- Public Health Insurance
- Private Health Insurance/Out of Pocket
Setting:
- Hospitals
- Imaging Centers
- Others
Leading Players in the U.S. Diagnostic Imaging Services Market
- RadNet, Inc. (United States)
- Akumin, Inc. (United States)
- Rayus Radiology (United States)
- MedQuest Associates (United States)
- LucidHealth, Inc. (United States)
- US Radiology Specialists (United States)
- Radiology Partners (United States)
- Envision Radiology (United States)
- Capitol Imaging Services (United States)
Significant developments in U.S. Diagnostic Imaging Services Sector
- Acquisition of Imaging Centers by major healthcare providers
- Partnerships with AI-based imaging companies to improve diagnostic capabilities
- Investment in research and development for new imaging technologies
Comprehensive Coverage U.S. Diagnostic Imaging Services Market Report
The report provides an extensive analysis of the U.S. diagnostic imaging services market, including:
- Market size and growth rate
- Segmentation analysis
- Key drivers and challenges
- Emerging trends and growth catalysts
- Competitive landscape and company profiles
- Industry developments and case studies
U.S. Diagnostic Imaging Services Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 6.8% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Incidence of Chronic and Infectious Diseases to Foster Demand for Point of Care Diagnostics
- 3.3. Market Restrains
- 3.3.1. Shortage of Skilled Workforce Affecting the Penetration of Diagnostic Imaging to Restrict Market Growth
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Diagnostic Imaging Services Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Procedure
- 5.1.1. CT
- 5.1.2. MRI
- 5.1.3. X-Ray
- 5.1.4. Ultrasound
- 5.1.5. Others
- 5.2. Market Analysis, Insights and Forecast - by Application
- 5.2.1. Cardiology
- 5.2.2. Neurology
- 5.2.3. Oncology
- 5.2.4. Orthopedics
- 5.2.5. Gynecology
- 5.2.6. Others
- 5.3. Market Analysis, Insights and Forecast - by Payor
- 5.3.1. Public Health Insurance
- 5.3.2. Private Health Insurance/Out of Pocket
- 5.4. Market Analysis, Insights and Forecast - by Setting
- 5.4.1. Hospitals
- 5.4.2. Imaging Centers
- 5.4.3. Others
- 5.5. Market Analysis, Insights and Forecast - by Region
- 5.5.1.
- 5.1. Market Analysis, Insights and Forecast - by Procedure
- 6. Northeast U.S. Diagnostic Imaging Services Market Analysis, Insights and Forecast, 2019-2031
- 7. Southeast U.S. Diagnostic Imaging Services Market Analysis, Insights and Forecast, 2019-2031
- 8. Midwest U.S. Diagnostic Imaging Services Market Analysis, Insights and Forecast, 2019-2031
- 9. Southwest U.S. Diagnostic Imaging Services Market Analysis, Insights and Forecast, 2019-2031
- 10. West U.S. Diagnostic Imaging Services Market Analysis, Insights and Forecast, 2019-2031
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 RadNet Inc. (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Akumin Inc. (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Rayus Radiology (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 MedQuest Associates (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 LucidHealth Inc. (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 US Radiology Specialists (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Radiology Partners (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Envision Radiology (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Capitol Imaging Services (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.1 RadNet Inc. (U.S.)
List of Figures
- Figure 1: U.S. Diagnostic Imaging Services Market Revenue Breakdown (USD billion, %) by Product 2024 & 2032
- Figure 2: U.S. Diagnostic Imaging Services Market Share (%) by Company 2024
List of Tables
- Table 1: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Region 2019 & 2032
- Table 2: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Region 2019 & 2032
- Table 3: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Procedure 2019 & 2032
- Table 4: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Procedure 2019 & 2032
- Table 5: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Application 2019 & 2032
- Table 6: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Application 2019 & 2032
- Table 7: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Payor 2019 & 2032
- Table 8: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Payor 2019 & 2032
- Table 9: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Setting 2019 & 2032
- Table 10: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Setting 2019 & 2032
- Table 11: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Region 2019 & 2032
- Table 12: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Region 2019 & 2032
- Table 13: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Country 2019 & 2032
- Table 14: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Country 2019 & 2032
- Table 15: Northeast U.S. Diagnostic Imaging Services Market Revenue (USD billion) Forecast, by Application 2019 & 2032
- Table 16: Northeast U.S. Diagnostic Imaging Services Market Volume (Units) Forecast, by Application 2019 & 2032
- Table 17: Southeast U.S. Diagnostic Imaging Services Market Revenue (USD billion) Forecast, by Application 2019 & 2032
- Table 18: Southeast U.S. Diagnostic Imaging Services Market Volume (Units) Forecast, by Application 2019 & 2032
- Table 19: Midwest U.S. Diagnostic Imaging Services Market Revenue (USD billion) Forecast, by Application 2019 & 2032
- Table 20: Midwest U.S. Diagnostic Imaging Services Market Volume (Units) Forecast, by Application 2019 & 2032
- Table 21: Southwest U.S. Diagnostic Imaging Services Market Revenue (USD billion) Forecast, by Application 2019 & 2032
- Table 22: Southwest U.S. Diagnostic Imaging Services Market Volume (Units) Forecast, by Application 2019 & 2032
- Table 23: West U.S. Diagnostic Imaging Services Market Revenue (USD billion) Forecast, by Application 2019 & 2032
- Table 24: West U.S. Diagnostic Imaging Services Market Volume (Units) Forecast, by Application 2019 & 2032
- Table 25: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Procedure 2019 & 2032
- Table 26: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Procedure 2019 & 2032
- Table 27: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Application 2019 & 2032
- Table 28: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Application 2019 & 2032
- Table 29: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Payor 2019 & 2032
- Table 30: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Payor 2019 & 2032
- Table 31: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Setting 2019 & 2032
- Table 32: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Setting 2019 & 2032
- Table 33: U.S. Diagnostic Imaging Services Market Revenue USD billion Forecast, by Country 2019 & 2032
- Table 34: U.S. Diagnostic Imaging Services Market Volume Units Forecast, by Country 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the U.S. Diagnostic Imaging Services Market?
Key companies in the market include RadNet, Inc. (U.S.), Akumin, Inc. (U.S.), Rayus Radiology (U.S.), MedQuest Associates (U.S.), LucidHealth, Inc. (U.S.), US Radiology Specialists (U.S.), Radiology Partners (U.S.), Envision Radiology (U.S.), Capitol Imaging Services (U.S.).
3. What are the main segments of the U.S. Diagnostic Imaging Services Market?
The market segments include Procedure, Application, Payor, Setting.
4. Can you provide details about the market size?
The market size is estimated to be USD 122.41 USD billion as of 2022.
5. What are some drivers contributing to market growth?
Growing Incidence of Chronic and Infectious Diseases to Foster Demand for Point of Care Diagnostics.
6. What are the notable trends driving market growth?
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
7. Are there any restraints impacting market growth?
Shortage of Skilled Workforce Affecting the Penetration of Diagnostic Imaging to Restrict Market Growth.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD billion and volume, measured in Units.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "U.S. Diagnostic Imaging Services Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the U.S. Diagnostic Imaging Services Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the U.S. Diagnostic Imaging Services Market?
To stay informed about further developments, trends, and reports in the U.S. Diagnostic Imaging Services Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.