Diagnostic Imaging Services Market Synopsis
The global diagnostic imaging services market is estimated to expand at a CAGR of 8.2% during the review period. The increasing investment made by the government is projected to be the most important factor driving the global diagnostic imaging services market 2020. Also, the demand for diagnostic imaging devices has increased significantly, which is directly expanding the market. Besides, the burgeoning technical development is estimated to augment the market further. The increasing technical development and initiatives taken by the government are anticipated to improve the healthcare infrastructure at a global level.
Further, the change in lifestyle has resulted in various forms of diseases with the rise in the geriatric population. The geriatric population is increasingly falling prey to chronic diseases. Moreover, increasing research and development has further magnified the market. Also, the key players have been innovating and launching new products, which is further strengthening the market.
However, the expensive cost associated with the diagnostic imaging market size is estimated to hamper the market size. Also, the unfavorable policies by the government are further likely to obstruct the market. Further, the lack of expertise for the efficient usage of diagnostic imaging systems may obstruct the market growth during the review period. Moreover, the disruption of COVID-19 is projected to bring significant changes in the market dynamics.
Diagnostic Imaging Services Market Segmentation
The global market for diagnostic imaging services can be segmented on the basis of application, product type, end-user, and region.
On the basis of application, the global market for diagnostic imaging services can be segmented into oncology, gynecology, orthopedics, gastroenterology, cardiology, neurology, and other applications.
On the basis of product type, the global market for diagnostic imaging services can be segmented into ultrasound imaging systems, x-ray equipment, nuclear imaging systems, computed tomography (CT) scanners, magnetic resonance imaging (MRI), and other products.
On the basis of end-user, the global market for diagnostic imaging services can be segmented into hospitals and clinics, diagnostic centers, research institutes, and others.
On the basis of region, the global market for diagnostic imaging services can be segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
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Diagnostic Imaging Services Market Regional Analysis
The global market for diagnostic imaging services is estimated to grow significantly during the review period. On the basis of geography, the global market has been classified into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. As per the studies, the market is estimated to be dominated by the Americas. The increasing research and development in the region is projected to be the most significant factor driving the regional market. Also, the increasing geriatric population is estimated to further drive the global market. Europe is projected to acquire the second position. The increasing awareness among people, along with the increasing research and development activities in the region, is likely to propel the market. On the other side, the APAC region is estimated to expand at the fastest rate. Countries such as China, India, Japan, Australia are estimated to make the most valuable contribution in expanding the regional market. On the contrary, the MEA region is estimated to acquire the smallest portion. The region is developing owing to the initiatives taken by the government.
Diagnostic Imaging Services Market Key Players
The renowned players of the global market for diagnostic imaging services are Medquest Associates Inc./Novant Health, Center for Diagnostic Imaging (CDI), Simonmed/Dignity Health, Alliance Medical, Touchstone Imaging, Medica Group, Global Diagnostics, Sonic Healthcare, Consensys Imaging Service, Inc., Concord Medical Services Holdings Limited, Progressive Radiology, Alliance Healthcare Services, InHealth Group, and others
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