Diagnostic Imaging Services Market Scope
Diagnostic imaging is a process of imaging the human body with the assistance of different imaging administrations. These administrations incorporate a few advances, procedures, and hardware to screen, analyze, screen, and treat ailments for viable clinical mediation. Symptomatic imaging has improved the capacity of specialists to treat, analyze, and distinguish a physical issue or sickness definitely at an underlying stage. Moreover, demonstrative imaging administrations are utilized to give data related a particular space of the body to be dealt with or considered. Different headways in imaging strategies in the field of current medication have worked with the obtaining of data identified with the human body for clinical intercessions. Likewise, progression in imaging furnishes doctors with new devices to improve care imaginatively. The expanding pervasiveness of persistent sicknesses across the globe and developing interest for its finding have urged demonstrative imaging organizations to grow new and improve the current administrations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | RadNet, Inc (United States), Sonic Healthcare (Australia), Dignity Health (United States), Novant Health (United States), Alliance Medical (United Kingdom), InHealth Group (United Kingdom), Medica Group (United Kingdom), Global Diagnostics (Australia), Healthcare Imaging Services Pty Ltd. (Australia) and Concord Medical Services Holdings Limited (China) |
CAGR | 5.0% |
The companies are exploring the market by adopting mergers & acquisitions expansions investments new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Diagnostic Imaging Services market throughout the predicted period.
RadNet, Inc (United States), Sonic Healthcare (Australia), Dignity Health (United States), Novant Health (United States), Alliance Medical (United Kingdom), InHealth Group (United Kingdom), Medica Group (United Kingdom), Global Diagnostics (Australia), Healthcare Imaging Services Pty Ltd. (Australia) and Concord Medical Services Holdings Limited (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Diagnostic Imaging Services market by Type , by Application (General Radiography, Dentistry, Fluoroscopy, Neurology, Orthopedics, Cardiovascular, Pelvic & Abdomen and Others) and Region with country level break-up.
On the basis of geography, the market of Diagnostic Imaging Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2023, L&T Technology Services on Monday gained over 2% after the company said that it has partnered with NVIDIA to develop software-defined architectures for medical devices concentrated on endoscopy, which will boost the image quality and scalability of products.
In November 2023, Royal Philips Radiologists are looking for solutions to improve the performance of their departments and help patients with optimized workflows, shorter procedure times and user-friendly operations. With 45% of radiologists reporting symptoms of burnout, Philips’ innovations across diagnostic imaging and enterprise informatics are focused on freeing up time for clinical staff through enhanced workflows and improved efficiency.
Influencing Trend:
Adoption of artificial intelligence and blockchain in diagnostic imaging
Market Growth Drivers:
Rapidly growing geriatric population and the subsequent increase in the prevalence of associated diseases and Growing awareness about early disease detection and the widening scope of clinical applications
Challenges:
Shortage of skilled professionals
Restraints:
High cost of diagnostic imaging systems
Opportunities:
Rising awareness for early diagnosis of diseases and Increasing geriatric population and prevalence of chronic diseases
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Diagnostic Imaging Services Providers, Government Regulatory and Research Organizations and End-Use Industry