Market Highlights
The Global diagnostic imaging market size is projected to grow at a CAGR of 8.2% over the forecast
period. In recent years, diagnostic imaging services improved their efficiency
and accuracy for the of various acute and chronic diseases including
cardiovascular diseases and cancer. The increasing prevalence of geriatric
population and subsequent growth in the incidence of cardiac, and neurological
diseases including cancer, growing government funding’s for development of
medical diagnostics field, and the on-going technological advancements in imaging
services are some factors that are anticipated to drive the market growth
during the assessment period. Additionally, increasing demand for
diagnostic imaging devices and development expenditure by the government as
well as private sector is likely to contribute to the market growth. As per the
data by the Office for National Statistics, in 2016, the gross domestic
expenditure on research and development (R&D) was Euro 33.1 billion (USD
35.2 billion) in the UK. However, high cost of diagnostic imaging devices and
unfavorable reimbursement policies may hamper the market growth during the
assessment period.
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Key Players
Some of the prominent players in the global diagnostic
imaging market are Center for Diagnostic Imaging (CDI), Medquest
Associates Inc./Novant Health, Simonmed/Dignity Health, Touchstone Imaging,
Alliance Medical, Medica Group, Sonic Healthcare, Global Diagnostics, Consensys
Imaging Service, Inc., Progressive Radiology, Concord Medical Services Holdings
Limited, Alliance Healthcare Services, InHealth Group and others.
Segmentation
The Global diagnostic imaging services market has
been segmented into procedure, application, and service provider.
By procedure, the market has been segmented into
X-ray, Computed Tomography, Ultrasound, MRI (Magnetic Resonance Imaging),
Nuclear Imaging, Radiography and others. The procedure segment is estimated to
hold major market share in the global diagnostic imaging services market due to
the rising R&D activities in the medical diagnostics field.
On the basis of application, the global diagnostic
imaging services market has been segmented into Neurology, Cardiology,
Oncology, Musculoskeletal and others.
The Global diagnostic imaging services market, by
service provider, has been segmented into Clinics & Hospitals, Diagnostic
centers, Research laboratories and others.
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Regional Analysis
On regional basis, the Americas is anticipated to
dominate the global diagnostic imaging services market owing to the growing
clinical R&D budgets by both government as well as public and private
organizations in diagnostic imaging modalities and increasing adoption of
advanced technologies in the region. Additionally, rising prevalence of
geriatric population along with various chronic diseases is contributing the
growth of this market. According to a report by Population Reference Bureau,
the number of older population (aged 65 and above) will rise to nearly 24% from
15% by 2060. Europe is expected to hold the second largest position in the
global diagnostic imaging services market owing to the presence of strong
academic & research base and availability of funding for research in the
European countries. Moreover, rising healthcare expenditure and awareness among
people for detection of diseases is boosting the market in this region. The
Asia-Pacific region is anticipated to be fastest growing region is due to
rising demand for imaging devices, good quality healthcare infrastructure and
incidence of major key players for growth and development in this region. The
Middle East & Africa has the least share of the global diagnostic imaging
services market. Moreover, the major market share of the region is expected to
be held by the Middle East region owing to the increasing government
initiatives for the healthcare sector.
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Pune – 411028
Maharashtra, India
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Email: sales@marketresearchfuture.com
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