Diagnostic Imaging Services Market
Research Report: by Procedure (Computed Tomography, MRI, X-ray), by Application
(Neurology, Oncology, Cardiology), By Service Provider (Diagnostic centres) -
Global Forecast Till 2023
Market Highlights
The Global diagnostic imaging services market
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.
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.
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.
Key Players
Some of the prominent players in the
global diagnostic imaging services 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.
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Complete Report @ https://www.marketresearchfuture.com/reports/diagnostic-imaging-services-market-7186
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