Diagnostic Imaging Services Market

RadNet (US) and Sonic Healthcare (Australia) are leading Players in the Diagnostic Imaging Services Market

The diagnostic imaging services market is projected to reach USD 693.4 billion by 2024 from USD 539.7 billion in 2019, at a CAGR of 5.1% from 2019 to 2024. The major factors driving the growth of this market include the rapidly growing geriatric population and the subsequent increase in the prevalence of associated diseases and growing awareness about early disease detection and the widening scope of clinical applications. On the other hand, factors such as the high cost of diagnostic imaging systems and the low reimbursement structure for outpatient imaging facilities are likely to restrain the growth of the diagnostic imaging services market to a certain extent in the coming years.

Prominent players in the diagnostic imaging services market include RadNet, Inc. (US), Sonic Healthcare (Australia), Dignity Health (US), Novant Health (US), Alliance Medical (UK), InHealth Group (UK), Medica Group (UK), Global Diagnostics (Australia), Healthcare Imaging Services Pty Ltd. (Australia), and Concord Medical Services Holdings Limited (China), among others.

To know about the assumptions considered for the study download the pdf brochure

An analysis of market developments between 2016 and 2019 revealed that several growth strategies such as partnerships & agreements, joint ventures, and strategic acquisitions were adopted by market players to strengthen their service portfolios and maintain a competitive position in the diagnostic imaging services market.

RadNet (US) dominated the diagnostic imaging services market in 2018. The company offers advanced imaging solutions, such as magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy, and other related procedures. The company also offers a wide range of imaging services. To enhance its presence in this market, the company concentrates on partnerships and acquisitions & joint ventures. For instance, in 2018, RadNet partnered with EmblemHealth (US) to expand its diagnostic imaging services in the New York metropolitan region. In the past three years, RadNet has acquired various players in the market and entered into a number of joint ventures to further strengthen its position in the market. With its strong service portfolio and multimodality service structure, the company is expected to grow at a high rate in the diagnostic imaging services market during the forecast period.

Sonic Healthcare (Australia) offers an extensive range of services such as X-ray, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, nuclear medicine, and positron emission tomography (PET). The company provides highly specialized pathology/clinical laboratory and diagnostic imaging services to clinicians (GPs and specialists), hospitals, community health services, and patients. Sonic is the world’s third-largest provider of pathology/clinical laboratory services. The company has a global team of more than 1,000 pathologists, 200 radiologists, and thousands of qualified technical staff, who focus on technology and innovation of imaging services. In addition to a robust portfolio of imaging services, the company has a substantial geographic presence, which covers Australia, the US, Germany, the UK, Ireland, and Switzerland.

Related Reports:

Diagnostic Imaging Services Market by Procedure (MRI, Ultrasound, X-RAY, CT, Nuclear Imaging (SPECT, PET), Mammography), Application (OB/Gyn, Orthopedics, Oncology, Vascular, Neurology), End User (Hospitals, Imaging Centers) - Global Forecast to 2024

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
MD 7453
RI Published ON
11/26/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Diagnostic Imaging Services Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved