Diagnostic Imaging Services Market Expected to Reach USD 1,033.56 billion and CAGR 4.4% by 2030

According to the research report published by Polaris Market Research, the global diagnostic imaging services market size is expected to reach USD 1,033.56 billion by 2030, at a CAGR of 4.4% during 2022-2030.

The key factors that are propelling the industry growth include the launches of Diagnostic Services products along with technological advancements. For instance, in May 2022, Healthians, an innovative start-up, introduced Health on Wheels to enable millions of Indians to get evaluated and remain healthy.

Healthains has also announced the launch of an unlimited screening for breast cancer detention center for ‘women in police in Gurugram.’ With this elaborate project, every Indian’s life will be improved by providing precise, affordable, and hassle-free preventative health services at whichever time and from any location.

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Moreover, the rapidly rising establishment of new service centers by the key players is boosting the market growth over the forecast period. For instance, in April 2022,  Atulaya Healthcare announced the advancement of its operational processes in Jammu in keeping with its promise to provide world-class diagnosing services to individuals across India at reasonable prices.

Atulaya has already had two locations, one in the KC Complex and one in Shingari. The innovative Channi Himmat facility in Jammu is a highly integrated center that includes radiology and pathology. Also, in January 2021, Telangana’s government set up eight Telangana Diagnostics micro hubs. Moreover, the chance of contracting diseases increases with age. According to the Centers for Disease Control and Prevention (CDC), as in almost 80.0% of the elderly in the United States have at least one ongoing illness.

Furthermore, the American Medical Association (AMA) predicts that by 2030, around 60.0% of individuals aged 65 and up will suffer from more than one chronic illness. As the population ages, there will be greater demand for better health centers, new treatment options, and drugs. This Diagnostic Imaging Services trend is expected to result in a surge in market demand for technically sophisticated devices. 

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Diagnostic Imaging Services Market Report Highlights

• Hospitals market segment is anticipated to grow at a significant CAGR over the forecast period attributed to an increase in the amount of testing completed in hospitals, increased acceptance of minimally invasive treatments in hospitals to enhance the quality of healthcare, and increased adoption of advanced technologies in hospitals to optimize treatment workflow effectiveness
• X-Ray segment accounted for a significant revenue share. The increasing geriatric population, lower X-ray costs particularly in comparison to certain other tomography modalities, favorable investment returns, and technological developments in X-ray tomography techniques are the major factors driving the expansion of this market.
• Asia-Pacific is expected to grow at a significant CAGR over the projected period due to the rising R&D funding along with the rising chronic disease.
• The global market include Alliance Medical Inc, Global Diagnostics Corp., Healthcare Imaging Services, InHealth Group, Medica, Novant Health Group, RadNet, and Sonic Healthcare Corporation.

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