Diagnostic Imaging Services Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2025

Published on : Apr-2020 | List of Tables : 18 | List of Figures : 71 | No. of Pages : 170 | Report Code : FACT4752MR |

Soaring Infection Rates amid COVID-19 to Leverage Growth within Global Diagnostic Imaging Services Market

Diagnostic imaging is an integral part of healthcare industries across many regions of the world. Imaging services provide the basis for diagnosis and treatment of various chronic and infectious diseases. As the geriatric population pool increases annually, the demand for diagnostic imaging services has been experiencing a steady uptick. Elderly people are likely to undergo diagnostic imaging twice or thrice the rate than the younger population.

Diagnostic imaging is important for detecting debilitating diseases such as cancer. Moreover, life-threatening infectious diseases such as the recent novel coronavirus, can also be detected via diagnostic imaging. Given the scale of the COVID-19 pandemic, a significant chunk of the world population has been diagnosed for this condition and are availing treatment. On the back of these trends, the global diagnostic imaging services are poised to expand steadily at a CAGR of 4.2% during the forecast period (2020-2025).

CT-scans to expand Rapidly, MRI Techniques to Soar on Popularity

The Computed Tomography (CT) scanning type is anticipated to be the most common type of diagnostic imaging technique throughout the forecast period. The ability to distinguish between various density levels, representation of tissues with a thickness range between 1 to 10 millimeters, allowing doctors to visualize 3D structures in the body are attributed as key growth drivers. The CT scanning segment is poised to leverage at a CAGR of 4.9% during the forecast period.

global diagnostic imaging services market image 01

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Following CT scans are the Magnetic Resonance Imaging (MRI) segment, projected to grow at a CAGR of 4.4% across the forecast period. The ability to provide clear images without ionizing radiation is a key growth determinant for MRI scanning. In addition, it can analyze chemical as well as anatomical changes in body structure. It also does not use damaging radiation such as X-rays to produce 3D images.

North America Remains Kingpin, Asia-Pacific to Expand Positively

North America is poised to be the dominant region in the global diagnostic imaging services market, capturing almost 2/5th market share. New product launches, rapid innovations and advancing technologies are anticipated to broaden market prospects. For instance, Fujifilm demonstrated its ASPIRE Cristalle mammography system with digital breast tomosynthesis software option and its Synapse 5 PACS and VNA, that enables secure, easy-to-manage storage and access to the complete imaging record of the patient.

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Asia-Pacific is anticipated to grow rapidly, owing to increased government funding and technological advancements in diagnostic imaging. There is a growing preference for portable diagnostic equipment as it reduces scanning and wait time considerably. For instance, 3D ultrasonic holography surged in popularity in 2017 and is becoming more accepted, owing to zero-radiation applications and being an ideal scanning procedure for preventive and post-operative examinations in breast cancer patients. Asia-Pacific is poised to expand at a CAGR of 5.1%, capturing over two-fifths of the market share.

Mergers, Acquisitions and Joint Ventures, Key Growth Augmenters of Market Players

The global diagnostic imaging services market is consolidated. The key market players include RadNet, Inc., Alliance Healthcare Services, Inc., I-MED Radiology Network (Permira) and Sonic Healthcare. These players have consolidated their position by virtue of mergers, acquisitions and joint ventures. Over and above this, they also concentrating on developing new solutions to offer to their clients.

RadNet, Inc., is the leading player in the global diagnostic imaging services market. The company specializes in CT, MRI, Digital X-ray, Ultrasound and PET/CT services, Nuclear Medicine and Digital Mammography. The company also acquired certain assets of Resolution Medical Imaging Corporation, which included two multi-modality imaging centers in 2017. It also signed an agreement with Cedars-Sinai to operate two joint ventures in imaging that same year.

The second player, Alliance Healthcare Services, Inc., offers Bone Density Screening and Ultrasound services over and above the services such as CT and MRI scans. The company utilizes the On Point medical imaging technology which provides quality assurance systems for MRI and CT scanners. The company also plans to penetrate overseas markets through mergers and agreements with local investors and private firms. For example, in 2017, Alliance Healthcare entered into an agreement with Tahoe Investment Group Co., Ltd., for expanding into American and Chinese markets.

COVID-19 Market Insights:

The recent coronavirus pandemic has brought an unprecedented crisis to the survival of the human race. The upward trajectory of the deadly pandemic has prompted several key healthcare companies to spur efforts in combating the disease. More recently, it has been revealed that real-time reverse transcriptase-polymerase chain reaction (RT-PCR) test is the most suitable for diagnosing COVID-19 patients. It is considered to be very reliable. To that end, Merck is working on the Titan One Tube RT-PCR System, an assay used for diagnosing the novel coronavirus.

Similarly, the Beijing Genomics Institute (BGI) Group launched its Real-Time Fluorescent RT-PCR diagnostic test for clinical use in the US for detecting COVID-19 amongst patients. Also, in March 2020, Mylab, an Indian company based in Pune received validation for its COVID-19 RT-PCR test by the Drug Controller of India, after receiving clearance from the National Institute of Virology. Thus, growing adoption of PCR tests is anticipated to widen market prospects for the global diagnostic imaging market and testing services.

Global Diagnostic Imaging Services Market- Scope of the Report

The recent study by Fact.MR on global diagnostic imaging services market offers a 5-year forecast between 2020 and 2025. The study analyzes crucial trends that are currently determining the growth of global diagnostic imaging services market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the provision of diagnostic imaging services. The study also provides dynamics that are responsible for influencing the future status of the global diagnostic imaging services market over the forecast period.

A detailed assessment of global diagnostic imaging services market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the global diagnostic imaging services market along with their product portfolio enhances the reliability of this comprehensive research study.

Global Diagnostic Imaging Services Market: Report Summary

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in global diagnostic imaging services market across the globe.

A comprehensive estimate on global diagnostic imaging services market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of global diagnostic imaging services market during the forecast period. Price point comparison by region with global average price is also considered in the study.

Global Diagnostic Imaging Services Market Segmentation

Fact.MR has studied the global diagnostic imaging services market with detailed segmentation on the basis of service type, service provider and regions.

Service Type

Service Provider

Regions

Diagnostic Radiology

Hospitals

North America

Ultrasound

Diagnostic Imaging Centers

Europe

Computed Tomography

Ambulatory Surgical Centers

Asia Pacific (APAC)

Magnetic Resonance Imaging

Others

Latin America

Nuclear Imaging

 

Middle East & Africa (MEA)

Others

 

 

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Global Diagnostic Imaging Services Market: Analysis on Market Size Evaluation

The global diagnostic imaging services market has been analyzed for each market segment, in terms of value (US$ Bn).

Market estimates at global and regional levels for diagnostic imaging services is available in terms of “US$ Bn” for value. A Y-o-Y growth contrast on prominent global diagnostic imaging services market segments, along with market attractiveness evaluation has been incorporated in the report.

Global Diagnostic Imaging Services Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the diagnostic imaging services report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political, economic and business environment outlook), which are expected to have a momentous influence on the growth of global diagnostic imaging services market during the forecast period.

Country-specific valuation on demand for diagnostic imaging services has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

Global Diagnostic Imaging Services Market: In-depth Analysis on Competitive Landscape

The report sheds light on the leading providers of diagnostic imaging services along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the provision of diagnostic imaging services, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in global diagnostic imaging services market. Prominent manufacturers with established market presence in global diagnostic imaging services market are RadNet, Inc., Alliance Healthcare Services, Inc., I-MED Radiology Network (Permira) and Sonic Healthcare.  

1. Preface

    1.1. Report Scope and Market Segmentation 

    1.2. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Diagnostic Imaging Services Market

4. Market Overview

    4.1. Introduction

        4.1.1. Global Diagnostic Imaging Services Market Value (US$ Bn) Forecast, 2020–2025 

        4.1.2. Global Diagnostic Imaging Services Market Outlook 

        4.1.3. Key Industry Events 

        4.1.4. Market Opportunity Map 

    4.2. Market Dynamics

        4.2.1. Drivers and Restraints Snapshot Analysis 

        4.2.2. Drivers

        4.2.3. Restraints

        4.2.4. Opportunities

5. Key Insights

    5.1. Disease Prevalence & Epidemiology

        5.1.1. Cancer Statistics

        5.1.2. CVD Statistics

    5.2. PEST Analysis

    5.3. Reimbursement Scenario

        5.3.1. U.S.

        5.3.2. Canada 

        5.3.3. UK

        5.3.4. Germany

        5.3.5. France 

        5.3.6. Italy

        5.3.7. China

        5.3.8. India 

        5.3.9. Japan 

        5.3.10. Australia  

        5.3.11. U.A.E.

        5.3.12. South Africa 

6. Global Diagnostic Imaging Services Market Analysis and Forecasts, By Service Type 

    6.1. Market Definition 

    6.2. Introduction

    6.3. Global Diagnostic Imaging Services Market Value Share Analysis, by Service Type

        6.3.1. Diagnostic Radiology

        6.3.2. Ultrasound

        6.3.3. Computed Tomography

        6.3.4. Magnetic Resonance Imaging

        6.3.5. Nuclear Imaging

2. 6.4.6. Others

    6.4. Global Diagnostic Imaging Services Market Value Forecast, by Service Type 

    6.5. Global Diagnostic Imaging Services Market Analysis, by Service Type 

    6.6. Global Diagnostic Imaging Services Market Attractiveness Analysis, By Service Type 

    6.7. Global Diagnostic Imaging Services Market Trends, by Service Type

7. Global Diagnostic Imaging Services Market Analysis and Forecasts, By Service Provider 

    7.1. Market Definition 

    7.2. Introduction

    7.3. Global Diagnostic Imaging Services Market Value Share Analysis, by Service Provider

        7.3.1. Hospitals 

        7.3.2. Diagnostic Imaging Centers

        7.3.3. Ambulatory Surgical Centers

        7.3.4. Others

    7.4. Global Diagnostic Imaging Services Market Value Share & Attractiveness Analysis, by Service Provider

    7.5. Global Diagnostic Imaging Services Market Value Forecast, by Service Provider 

    7.6. Global Diagnostic Imaging Services Market Analysis, by Service Provider 

    7.7. Global Diagnostic Imaging Services Market Trends, by Service Provider

8. Global Diagnostic Imaging Services Market Analysis and Forecasts, By Region

    8.1. Global Diagnostic Imaging Services Market Scenario 

    8.2. Global Diagnostic Imaging Services Market Value Share Analysis, by Region 

        8.2.1. North America 

        8.2.2. Europe 

        8.2.3. Asia Pacific 

        8.2.4. Latin America 

        8.2.5. Middle East & Africa 

    8.3. Global Diagnostic Imaging Services Market Value Forecast, by Region

    8.4. Global Diagnostic Imaging Services Market Attractiveness, by Region

9. North America Diagnostic Imaging Services Market Analysis and Forecast

    9.1. North America Diagnostic Imaging Services Market Overview 

    9.2. North America Diagnostic Imaging Services Market Value Share Analysis, by Country

        9.2.1. U.S.

        9.2.2. Canada

    9.3. North America Diagnostic Imaging Services Market Value Forecast, by Country 

    9.4. North America Diagnostic Imaging Services Market Value Share Analysis, by Service Type 

        9.4.1. Diagnostic Radiology

        9.4.2. Ultrasound

        9.4.3. Computed Tomography

        9.4.4. Magnetic Resonance Imaging

        9.4.5. Nuclear Imaging

        9.4.6. Others

    9.5. North America Diagnostic Imaging Services Market Value Forecast, by Service Type 

    9.6. North America Diagnostic Imaging Services Market Value Share Analysis, by Service Provider

        9.6.1. Hospitals 

        9.6.2. Diagnostic Imaging Centers

        9.6.3. Ambulatory Surgical Centers

        9.6.4. Others

    9.7. North America Diagnostic Imaging Services Market Value Forecast, by Service Provider

    9.8. North America Diagnostic Imaging Services Market Attractiveness Analysis 

        9.8.1. By Service Type 

        9.8.2. By Service Provider

        9.8.3. By Country 

    9.9. North America Diagnostic Imaging Services Market Trends

10. Europe Diagnostic Imaging Services Market Analysis and Forecast

    10.1. Europe Diagnostic Imaging Services Market Overview 

    10.2. North America Diagnostic Imaging Services Market Value Share Analysis, by Country/ Sub-Region 

        10.2.1. Germany

        10.2.2. France 

        10.2.3. Italy 

        10.2.4. UK

        10.2.5. Spain 

        10.2.6. Russia

        10.2.7. Rest of Europe 

    10.3. Europe Diagnostic Imaging Services Market Value Forecast, by Country/Sub-region 

    10.4. Europe Diagnostic Imaging Services Market Value Share Analysis, by Service Type 

        10.4.1. Diagnostic Radiology

        10.4.2. Ultrasound

        10.4.3. Computed Tomography

        10.4.4. Magnetic Resonance Imaging

        10.4.5. Nuclear Imaging

        10.4.6. Others

    10.5. Europe Diagnostic Imaging Services Market Value Forecast, by Service Type 

    10.6. Europe Diagnostic Imaging Services Market Value Share Analysis, by Service Provider 

        10.6.1. Hospitals 

        10.6.2. Diagnostic Imaging Centers

        10.6.3. Ambulatory Surgical Centers

        10.6.4. Others

    10.7. Europe Diagnostic Imaging Services Market Value Forecast, by Service Provider 

    10.8. Europe Diagnostic Imaging Services Market Attractiveness Analysis 

        10.8.1. By Service Type 

        10.8.2. By Service Provider

        10.8.3. By Country 

    10.9. Europe Diagnostic Imaging Services Market Trends

11. Asia Pacific Diagnostic Imaging Services Market Analysis and Forecast

    11.1. Asia Pacific Diagnostic Imaging Services Market Overview 

    11.2. Asia Pacific Diagnostic Imaging Services Market Value Share Analysis, by Country/Sub-region 

        11.2.1. China

        11.2.2. Japan

        11.3.3. India

        11.4.4. Australia & New Zealand

         11.5.5. Rest of Asia Pacific

         11.6.6. Others

    11.3. Asia Pacific Diagnostic Imaging Services Market Value Forecast, by Country/Sub-region 

    11.4. Asia Pacific Diagnostic Imaging Services Market Value Share Analysis, by Service Type 

        11.4.1. Diagnostic Radiology

        11.4.2. Ultrasound

        11.4.3. Computed Tomography

        11.4.4. Magnetic Resonance Imaging

        11.4.5. Nuclear Imaging

        11.4.6. Others

    11.5. Asia Pacific Diagnostic Imaging Services Market Value Forecast, By Service Type 

    11.6. Asia Pacific Diagnostic Imaging Services Market Value Share Analysis, by Service Provider

        11.6.1. Hospitals 

        11.6.2. Diagnostic Imaging Centers

        11.6.3. Ambulatory Surgical Centers & Others 

    11.7. Asia Pacific Diagnostic Imaging Services Market Value Forecast, by Service Provider 

    11.8. Asia Pacific Diagnostic Imaging Services Market Attractiveness Analysis 

        11.8.1. By Service Type 

        11.8.2. By Service Provider

        11.8.3. By Country 

    11.9. Asia Pacific Diagnostic Imaging Services Market Trends 

12. Latin America Diagnostic Imaging Services Market Analysis and Forecast

    12.1. Latin America Diagnostic Imaging Services Market Overview 

    12.2. Latin America Diagnostic Imaging Services Market Value Share Analysis, by Country/Sub-region 

        12.2.1. Brazil 

        12.2.2. Mexico

        12.2.3. Rest of LATAM 

    12.3. Latin America Diagnostic Imaging Services Market Value Forecast, by Country/Sub-region 

    12.4. Latin America Diagnostic Imaging Services Market Value Share Analysis, by Service Type 

        12.4.1. Diagnostic Radiology

        12.4.2. Ultrasound

        12.4.3. Computed Tomography

        12.4.4. Magnetic Resonance Imaging

        12.4.5. Nuclear Imaging

        12.4.6. Others

    12.5. Latin America Diagnostic Imaging Services Market Value Forecast, by Service Type 

    12.6. Latin America Diagnostic Imaging Services Market Value Share Analysis, by Service Provider

        12.6.1. Hospitals 

        12.6.2. Diagnostic Imaging Centers

        12.6.3. Ambulatory Surgical Centers & Others 

    12.7. Latin America Diagnostic Imaging Services Market Value Forecast, by Service Provider 

    12.8. Latin America Diagnostic Imaging Services Market Attractiveness Analysis 

        12.8.1. By Service Type 

        12.8.2. By Service Provider

        12.8.3. By Country 

    12.9. Latin America Diagnostic Imaging Services Market Trends 

13. Middle East & Africa Diagnostic Imaging Services Market Analysis and Forecast

    13.1. Middle East & Africa Diagnostic Imaging Services Market Overview 

    13.2. Middle East & Africa Diagnostic Imaging Services Market Value Share Analysis, by Country/Sub-region 

        13.2.1. GCC countries 

        13.2.2. South Africa 

        13.2.3. Israel

        13.2.4. Rest MEA 

    13.3. Middle East & Africa Diagnostic Imaging Services Market Value Forecast, by Country/Sub-region 

    13.4. Middle East & Africa Diagnostic Imaging Services Market Value Share Analysis, by Service Type 

        13.4.1. Diagnostic Radiology

        13.4.2. Ultrasound

        13.4.3. Computed Tomography

        13.4.4. Magnetic Resonance Imaging

        13.4.5. Nuclear Imaging

        13.4.6. Others

    13.5. Middle East & Africa Diagnostic Imaging Services Market Value Forecast, by Service Type 

    13.6. Middle East & Africa Diagnostic Imaging Services Market Value Share Analysis, by Service Provider 

        13.6.1. Hospitals 

        13.6.2. Diagnostic Imaging Centers

        13.6.3. Ambulatory Surgical Centers & Others 

    13.7. Middle East & Africa Diagnostic Imaging Services Market Value Forecast, by Service Provider 

    13.8. Middle East & Africa Diagnostic Imaging Services Market Attractiveness Analysis 

        13.8.1. By Service Type 

        13.8.2. By Service Provider

        13.8.3. By Country 

    13.9. Middle East & Africa Diagnostic Imaging Services Market Trends 

14. Competition Landscape

    14.1. Market Player – Competition Matrix

    14.2. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)*

        14.2.1. RadNet, Inc. 

            14.2.1.1. Company Overview

            14.2.1.2. Key Development & Strategic Business Overview 

            14.2.1.3. Company Financials

            14.2.1.4. SWOT Analysis

        14.2.2. Alliance HealthCare Services

            14.2.2.1. Company Overview

            14.2.2.2. Key Development & Strategic Business Overview 

            14.2.2.3. Company Financials

            14.2.2.4. SWOT Analysis

        14.2.3. I-MED Radiology Network (Permira)

            14.2.3.1. Company Overview

            14.2.3.2. Key Development & Strategic Business Overview 

            14.2.3.3. Company Financials

            14.2.3.4. SWOT Analysis

        14.2.4. Sonic Healthcare 

            14.2.4.1. Company Overview

            14.2.4.2. Key Development & Strategic Business Overview 

            14.2.4.3. Company Financials

            14.2.4.4. SWOT Analysis

        14.2.5. Novant Health (MedQuest Associates, Inc.) 

            14.2.5.1. Company Overview

            14.2.5.2. Key Development & Strategic Business Overview 

            14.2.5.3. SWOT Analysis

        14.2.6. Dignity Health 

            14.2.6.1. Company Overview

            14.2.6.2. Key Development & Strategic Business Overview 

            14.2.6.3. SWOT Analysis

        14.2.7. Alliance Medical 

            14.2.7.1. Company Overview

            14.2.7.2. Key Development & Strategic Business Overview 

            14.2.7.3. SWOT Analysis

        14.2.8. InHealth Group

            14.2.8.1. Company Overview

            14.2.8.2. Key Development & Strategic Business Overview 

            14.2.8.3. SWOT Analysis

        14.2.9. Center for Diagnostic Imaging

            14.2.9.1. Company Overview

            14.2.9.2. Key Development & Strategic Business Overview 

            14.2.9.3. SWOT Analysis

        14.2.10. Shields MRI

            14.2.10.1. Company Overview

            14.2.10.2. Key Development & Strategic Business Overview 

            14.2.10.3. SWOT Analysis

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Diagnostic Imaging Services Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2025