Increasing Prevalence of Chronic Disease is Driving the Global Diagnostic Imaging Services Market

The global diagnostic imaging services market is projected to have a considerable CAGR of 5.5% during the forecast period (2024-2031). The market growth is driven by the increasing prevalence of chronic diseases such as arthritis, cardiovascular diseases, asthma, cancer, and chronic obstructive pulmonary disease (COPD), among others. The increasing number of cardiovascular diseases is significantly contributing to the market growth owing to the rising demand for ultrasound guide biopsies, diagnosing heart conditions, and assessing damage after a heart attack. The global diagnostic imaging services market is segmented by modality (X-ray, ultrasound, computed tomography, Magnetic Resonance Imaging (MRI), mammography, and others (nuclear imaging)), by application (oncology, orthopedics, cardiovascular, neurology, urology, others (fluoroscopy)), and geography (North America, Europe, Asia-Pacific, and Rest of the World). 

Market Dynamics

• The oncology segment is anticipated to hold the largest market share during the forecast period, attributed to the growing application of diagnostic imaging in various cancer types coupled with the increasing prevalence of cancer across the globe. 

• Asia-Pacific is estimated to have considerable market growth owing to the high prevalence of different types of cancer coupled with growing awareness of diagnosis in emerging economies. 

• North America is projected to hold a significant market share in the global diagnostic imaging services market. The regional market growth is attributed to the increasing adoption of imaging technologies for cardiovascular diseases, cancer, and other diseases along with having an application for pregnant women. 

The major players in the global diagnostic imaging services market include Center for Diagnostic Imaging, Inc., Dignity Health, Global Diagnostics, Healius Ltd., Healthcare Imaging Services Pty Ltd., InHealth Ltd., Novant Health, and others. The market players are actively adopting different growth strategies such as mergers & acquisitions, capacity expansion, and product innovation among others, contributing significantly to the market growth.  

Recent Developments

• In December 2024, Royal Philips unveiled the AI-powered diagnostic and treatment imaging innovations. The product enables precise imaging with faster, easier, and more efficient workflows. It features advanced visualization, automation, and AI.

• In March 2024, FUJIFILM India launched a cutting-edge Echelon Synergy MRI Machine at its CT & MRI User Conclave held at Hotel Novotel.   

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/diagnostic-imaging-services-market