U.S. Imaging Services Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

The U.S. imaging services market size is projected to reach USD 183.1 billion by 2027 and expected to expand at a CAGR of 4.3% from forecast period 2020 to 2027.

The U.S. imaging services market size was valued at USD 127.5 billion in 2019, according to a new study conducted by Vision Research Reports.

Growing prevalence of various conditions, such as cancer and cardiac disorders, is expected to drive the market. Imaging services involve different imaging modalities, such as X-ray, CT scans, nuclear medicine scans, MRI scans, and ultrasound. Each modality includes its own associated advantages of diagnosing a wide range of healthcare conditions accurately.

Adoption of imaging services in U.S. is increasing gradually to enhance early diagnosis of the disease, which, in turn, improves its treatment options. Moreover, growing adoption of non-invasive and cost-efficient procedures is expected to contribute towards the market growth.

The number of outpatient settings in U.S. is increasing rapidly and installation of advanced imaging devices in these settings is on the rise. As per the Organization for Economic Co-operation and Development (OECD), in 2018, 20.6 per 1,000,000 inhabitants MRI units were installed in ambulatory care providers. Moreover, growing number of CT scans in U.S. is expected to propel the overall market growth.

Major challenges in this market include high cost of certain modalities, such as MRI, and side effects associated with each imaging modality. MRI scans are mainly preferred in diagnosing various conditions as they help in proper tissue differentiation. However, the average cost of the procedure in U.S. is USD 1,430, which is high in comparison to other imaging modalities, thus hindering the overall market growth.

Market Study

  • Based on modality, X-rays held the largest share of 25% in 2019 mainly due to increasing adoption of non-invasive procedure for diagnosis at affordable cost

  • Nuclear medicine scans are expected to witness significant growth during the forecast period as the radiation dosage used in the procedure is low, which, in turn, reduces the chance of infection

  • CT scans are expected to witness the fastest growth during the forecast period.
  • MRI scans are expected to grow at a significant rate during the forecast period as they help in better tissue differentiation in comparison to other modalities, such as CT and X-ray

  • By end use, hospitals held the largest share in the U.S. market owing to growing prevalence of cardiac diseases and cancer and installation of advanced imaging modalities in the hospitals

  • Diagnostic imaging centers are expected to witness the fastest growth due to growing preference of patient pool for these centers to reduce hospital associated cost and long wait time

  • The others segment, which include outpatient settings developed by hospitals, is also expected to grow at a significant rate as these settings provide few imaging services, such as MRI and CT, at low cost in comparison to other settings.

Some of the prominent players are:

  • Radnet, Inc.

  • Alliance Medical

  • Inhealth Group

  • Sonic Healthcare

  • Dignity Health

  • Medica Group

  • Global Diagnostics

  • Novant Health

  •  Healthcare Imaging Services Pty Ltd.

  • Concord Medical Services Holdings Limited

  • Alliance HealthCare Services, Inc.

  • Center for Diagnostic Imaging, Inc.

  • Unilabs

  • Healius Limited

  • Simonmed Imaging

Market Segmentation

Modality Outlook

    • X-rays

    • CT Scans

    • Nuclear Medicine Scans

    • MRI Scans

    • Ultrasound

End-use Outlook

    • Hospitals

    • Diagnostic Imaging Centers

    • Others


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