The U.S. Imaging Services Market is expected to reach a
As per Definitivehc, analyzing data from over 18,000 diagnostic imaging centers (January-November 2023), Graves Gilbert Clinic – Bowling Green, Kentucky, performed 6.5% of procedures, leading the U.S. market. Kaiser Permanente Richmond Medical Center – Breast Health Clinic followed with 6.1%, and BioTech X-Ray – Ohio at 5.6%. HCPCS 36415, routine venipuncture, was the most common, comprising 4.5% of total procedures.
U.S. imaging services encompass a wide range of diagnostic and screening procedures, including X-rays, MRIs, CT scans, and ultrasounds, which aid in the early detection and treatment of medical conditions. This sector is pivotal for modern healthcare, ensuring accurate diagnoses and patient care management.
The U.S. imaging services market is experiencing robust growth, driven by the rising prevalence of chronic diseases, an aging population, and technological advancements in imaging equipment. Demand is further fueled by increased awareness of preventative healthcare and the integration of AI to enhance image analysis and workflow efficiency.
As per PubMed, data from the National Center for Health Statistics reveals that in 2023, 1,958,310 new cancer cases and 609,820 cancer deaths are projected in the U.S. Prostate cancer incidence increased 3% annually from 2014 to 2019, adding 99,000 new cases, while trends were more favorable for men compared to women.
Recent news highlights a surge in investments and partnerships focused on
AI-powered imaging tools and remote diagnostic capabilities. Additionally, regulatory bodies are emphasizing quality standards and patient safety, influencing the expansion strategies of key players. This sector’s future points toward increased accessibility, enhanced precision, and a more significant role in personalized medicine.
Key Takeaways
- The U.S. Imaging Services Market is expected to grow by 75.5 billion, at a CAGR of 4.4% during the forecasted period.
- By Modality, X-rays are expected to lead in 2024 & are anticipated to dominate throughout the forecasted period.
- By End User, the hospitals are expected to have a lead throughout the forecasted period.
- Some of the use cases of imaging services include diagnostic imaging for chronic diseases, trauma and emergency medicine, and more.
Use Cases
- Diagnostic Imaging for Chronic Diseases: Imaging services in the U.S. play an important role in diagnosing & monitoring chronic diseases like cardiovascular diseases, cancer, diabetes, & chronic respiratory diseases. These services provide early detection, accurate diagnosis, and better treatment planning, contributing to better patient outcomes & reducing the load of chronic illnesses on the healthcare system.
- Geriatric Care and Age-Related Conditions: With the aging population in the U.S., imaging services are important for assessing age-related conditions like cardiovascular diseases, osteoporosis, & neurodegenerative disorders. Imaging modalities help in detecting age-related changes in organs & tissues, providing timely interventions & personalized care for elderly patients.
- Trauma and Emergency Medicine: Imaging services are crucial in trauma and emergency medicine, providing fast & accurate assessments of injuries and critical conditions. Modalities like X-rays, CT scans, and MRIs help healthcare professionals inspect trauma patients, guide surgical interventions, and monitor post-operative progress, thereby saving lives & avoiding long-term complications.
- Cancer Screening and Surveillance: Imaging services are important in cancer screening, diagnosis, and surveillance programs across the U.S. Modalities like mammography, PET-CT scans, and MRI are used for early detection of tumors, assessing treatment response, & monitoring cancer recurrence. These services are important in improving cancer outcomes by providing timely interventions & individualized treatment strategies.
Market Dynamic
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. |