US Diagnostic Imaging Market Size, Growth Report | 2031

Report Description

United States Diagnostic Imaging Market Outlook 2031

The United States diagnostic imaging market size was USD 122.4 Billion in 2022 and is projected to reach USD 221.2 Billion by 2031 expand at a high CAGR 6.8% during the forecast period, 2023–2031. The growth of the market is attributed to increasing incidence of chronic illnesses, and growth in elderly population.

To establish a patient's health and course of therapy, the diagnostic process collects data and performs complicated analysis. The most important part of health treatment is accurate diagnosis.

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Diagnostic imaging is used to help determine a patient's path to treatments or surgery. The increased global frequency of chronic illnesses has resulted in a rise in the number of diagnostic imaging operations conducted each year. According to the centers for disease control and prevention (CDC), approximately 80% of older people in the United States have at least one chronic illness.

According to data from the National Institutes of Health (NIH), individuals aged 65 and above have two or more times the number of diagnostic imaging procedures as the younger group. Women are anticipated to have diagnostic imaging procedures performed somewhat more frequently than males.

CT scans are increasingly being used as a first-line diagnostic tool for illnesses such as coronary artery disease, as well as in preventative treatment and early detection, such as lung cancer screening.

Recently some of the most notable trends in the diagnostic imaging market has been witness which helps in increasing the share market such as hybrid imaging technology which provide structural as well as functional information in just one examination, another is imaging systems that use low doses of ionizing radiation decreasing the detrimental effects of radiation on patients.

The COVID-19 epidemic has had both beneficial and detrimental effects on the market. One of the negative consequences is that hospitals, particularly small-scale hospitals and imaging centers, have extremely restricted purchasing capability. On the other hand, advanced medical imaging equipment, such as chest X-rays and computed tomography, give useful information about COVID-19.

United States Diagnostic Imaging Market Trends, Drivers, Restraints, and Opportunities

• Insurance coverage policies of elderly population are anticipated to boost the market in coming years.
• Government partnership with local manufactures to improved diagnostic imaging services in remote locations is expected to drive the market.
• Improving healthcare infrastructure and rising diagnostic center are projected to fuel the market in the coming years.
• Artificial intelligence and IOT devices enable monitoring and testing is estimated to propel the market.
• Rapid growth of the healthcare industry is the major factor driving the market.
• Expensive cost of diagnosis process acts as key challenges that can hamper the market growth.
• Ultrasound procedures are highly operator dependent which is expected to hinder the market expansion.
• R&D investment and technological advanced imaging and software are expected to create significant opportunities for the market players.

Scope of Diagnostic Imaging Market Report

The report on the United States diagnostic imaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

United States Diagnostic Imaging Market Segment Insights

The cardiology segment is projected to constitute a large market share

Based on applications, the United States diagnostic imaging market is divided into orthopedic, gastroenterology, gynecology, cardiology, oncology, and neurology. The cardiology segment is expected to represent a key share of the market during the forecast period owing to rising demand for cardiac arrhythmia monitoring devices among individual to track and manage their own health.

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The magnetic resonance imaging (MRI) segment is expected to grow at a robust pace

On the basis of products, the United States diagnostic imaging market is segmented into nuclear medicine, fluoroscope, mammography, x-ray, ultrasound, magnetic resonance imaging (MRI), and computed tomography. The magnetic resonance imaging (MRI) segment is expected to represent a key share of the market in the coming years due to increasing technological developments in the MRI spectrum and expanding use of MRI in healthcare

The diagnostic centers segment is anticipated to expand at a rapid CAGR

In terms of end users, the United States diagnostic imaging market is divided into hospitals, diagnostic centers, and others. The diagnostic centers segment is expected to hold a key share of the market during the forecast period owing to growing specialty centers also increasing number of medical tourists for diagnosis and treatments in the country.

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