Imaging services include diagnostic imaging tools & equipment used to take images of the internal structure of the human body using electromagnetic radiation, for better diagnosis of the patient. However, the type of imaging used by the doctor depends on the signs & symptoms and the part of the body being diagnosed.
The U.S. Imaging services market is expected to grow due to the increasing number of chronic diseases like heart disease & cancer, which are leading causes of death & disability according to the CDC, which is expected to drive up the growth for diagnostic imaging services across the country. In addition, the increase in the geriatric population is contributing to market growth as aging can increase the risk of cardiovascular diseases due to changes in the heart & blood vessels.
However, the market experiences challenges, mainly the high cost of medical imaging. Innovations & research development increase the expenses associated with imaging systems, mainly MRI machines requiring expensive magnetically sterile clean rooms for installation. These high costs often encourage patients due to higher healthcare expenditures. Furthermore, the lack of trained radiologists creates a challenge, as reported by RSNA & AAMC, leading to longer turnaround times for imaging results impeding market growth in the coming years.
Research Scope and Analysis
By Modality
The U.S. imaging services market by modality is categorized into X-rays, nuclear medicine scans, CT scans, MRI scans, ultrasound, and mammography. Among these, X-rays are projected to hold the largest market share throughout the forecast period, serving as a main medical imaging tool for various tests & procedures. While X-rays provide mild disease diagnosis and assist in surgical planning, their adoption is expected to lower due to the availability of more effective techniques with fewer adverse effects. The ionizing radiation used in X-ray imaging poses risks of DNA damage & potential health complications, like cancer, while contrast chemicals may elicit adverse bodily reactions.
Further, CT scans are anticipated to experience the fastest growth rate during the forecast period, which allows detailed imaging of bones, blood vessels, and soft tissues simultaneously, providing a complete diagnostic approach. Moreover, CT scans are comparatively affordable and quicker than alternative modalities, making them a popular choice among medical professionals and patients alike.
By End User
In terms of end users, the U.S., Imaging services market is categorized into hospitals, diagnostic imaging centers, and others. Hospitals are anticipated to dominate the market in 2024, fueled by the rising incidence of diseases like cancer &cardiac disorders. According to a report by the National Cancer Institute more than 2 million cancer diagnoses in 2023, with an estimated 609,820 deaths, highlighting the significant demand for imaging services. The presence of many imaging modalities under one roof & favorable payment policies further contribute to hospital dominance. Also, policies from the government and the Centers for Medicare & Medicaid Services (CMS) play an important role, mainly impacting advanced diagnostic imaging services like CT, MRI, and PET/CT.
Further, the "others" segment, including specialized imaging centers, is expected to hold for substantial growth. As the need for medical imaging services expands, hospitals are expanding into outpatient settings to meet this demand affordably. Providing MRI services in locations like strip malls & shopping centers enhances patient accessibility while maintaining low service costs, which focuses on accommodating the growing demand for imaging services efficiently, driving the growth of outpatient imaging centers during the forecast period.
The U.S. Imaging Services Market Report is segmented on the basis of the following:
By Modality
- Nuclear medicine Scans
- Ultrasound
- X-rays
- CT scans
- MRI Scan
- Mammography
By End User
- Hospitals
- Diagnostic Imaging Centers
- Others
Competitive Landscape
The U.S. Imaging Services Market notices a strong competition among various providers offering diagnostic imaging solutions. Key players in the market focus on improving technological capabilities, expanding service portfolios, and enhancing operational efficiency to gain market share. Pricing strategies, service quality, and geographical coverage are critical factors influencing competitive positioning. Additionally, partnerships with healthcare facilities and the adoption of innovative technologies play major roles in maintaining competitiveness within the market.
Some of the prominent players in the U.S. Imaging Services Market are
- Radnet Inc
- Alliance Medical
- Novant Health
- Sonic Healthcare
- Unilabs
- Dignity Health
- Simonmed Imaging
- Inhealth Group
- Global Diagnostics
- Medica Group
- Other Key Players
Recent Developments
- In November 2023, Cleveland Clinic & Canon Inc. introduced a strategic research partnership to develop innovative imaging & healthcare IT technologies focused on improving diagnosis, care, and outcomes for patients. The two organizations plan to establish a complete imaging research center, which will potentially include shared workspace in an existing building in Cleveland’s Fairfax neighborhood, close to Cleveland Clinic’s main campus.
- In November 2023, MCRA launched its AI & Imaging Center, the first & only integrated solution, led by former FDA imaging experts covering the entire Medical Device product lifecycle, as it was developed to better meet the emerging & complex needs of imaging technologies. By integrating innovation, expertise, and speed, the company would enhance clients' AI/ML needs faster & more efficiently.
- In November 2023, FUJIFILM Healthcare Americas Corporation introduced various new medical systems at the 2023 Radiological Society of North America (RSNA) annual meeting, which include 3 new digital radiography (DR) suites, 2 new fluoroscopy systems, a 0.4T MRI system, and a 128-slice computed tomography (CT) system.
- In October 2022, Samsung announced that the company plans to increase its investment in the ultrasound business in North America, which involves investing in new products featuring Samsung technology, enhancing order processing systems, expanding service offerings to contain remote automation, and growing market coverage to reach more Integrated Delivery Networks. The company also focuses on ensuring easier access for both patients & clinicians to their innovative imaging technology through these investments.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 158.9 Bn |
| Forecast Value (2033) |
USD 234.4 Bn |
| CAGR (2023-2032) |
4.4% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Modality (Nuclear medicine Scans, Ultrasound, X-rays, CT scans, MRI Scan, and Mammography), By End User (Hospitals, Diagnostic Imaging Centers, and Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Radnet Inc, Alliance Medical, Novant Health, Sonic Healthcare, Unilabs, Dignity Health, Simonmed Imaging, Inhealth Group, Global Diagnostics, and Medica Group, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |