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The global diagnostic imaging services market size was US$ 811.20 million in 2021. The global diagnostic imaging services market is expected to grow to US$ 1161.1 million by 2030 by registering a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2030.
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COVID-19 Impact Analysis
COVID-19 affected the diagnostic imaging services market negatively. The negative impact of the pandemic is majorly attributable to the fact that hospitals and imaging centers cut down the number of imaging procedures being performed. This decline led to a potential drop in the market’s revenue.
Factors Influencing the Market
The global diagnostic imaging services market is expected to grow due to the growing number of industry players pouring funding into research and development. Governments are also investing highly in the healthcare sector. For instance, the government of the UK announced financial support for the National Health Service (NHS) in November 2021. The government announced to invest $334.6 million with the aim to digitize diagnostic testing care. Therefore, such investments are expected to open doors of opportunities for the diagnostic imaging services market.
New launches and growing efforts of industry players in the bid to increase digitization will contribute to the growth of the diagnostic imaging services market. For instance, Truepill pulled the veil off its diagnostic testing service in May 2021. This initiative falls under the company’s goal to deliver 80% of healthcare digitally in the coming years. Therefore, it will potentially boost the growth of the diagnostic imaging services market during the analysis period.
Regional Analysis
The global diagnostic imaging services market is expected to record the highest growth in North America due to expanding geriatric population and rising knowledge among patients about the significance of laboratory tests. Further, the growing cases, accompanied by the increasing financial support and testing from the government and private organizations, will contribute to the growth of the diagnostic imaging services market during the analysis period.
Chronic diseases are recording a tremendous hike in the region. Cancer, cardiovascular disease, and obesity are the major causes of death and disabilities in the United States. Additionally, nearly US$ 3.8 quadrillion is spent on healthcare care every year. As a result, the growing demand for better treatment with effective management will fuel the growth of the market during the analysis period.
The Asia-Pacific diagnostic imaging services market is expected to grow at an excellent growth rate due to the advancing health infrastructure and rising investments in medical testing.
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Competitors in the Market
• Alliance Medical Inc
• Concord Medical Services Holdings Limited
• Dignity Health Incorporation
• F. Hoffmann-La Roche AG
• Global Diagnostics Corp.
• Healthcare Imaging Services Pty Ltd
• InHealth Group
• Medica Group
• Novant Health Group
• Quest Diagnostics Inc.
• RadNet, Inc
• Sonic Healthcare Corporation
• Sysmex Corporation
• Thermo Fisher Scientific
• Other Prominent Players
Market Segmentation
The global diagnostic imaging services market segmentation focuses on Application, Type, End-Use, and Region.
By Application
• Neurology
• Orthopedics
• Cardiovascular
• Oncology
• Ultrasound
• Obstetrics & Gynecology
• Other Applications
By Type
• X-ray imaging
• Ultrasound
• Magnetic resource imaging (MRI)
• Computed tomography
• Nuclear imaging
• Mammography
By End-Use
• Hospitals
• Diagnostic Centers
• Point-of-care Testing
• Ambulatory Care Centers
• Research and Academia
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By Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America
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