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Diagnostic Imaging Services Market

ID: MRFR/MED/5720-HCR
200 Pages
Rahul Gotadki
October 2025

Diagnostic Imaging Services Market Research Report By Procedure Type (X-ray, Ultrasound, Magnetic Resonance Imaging, Computed Tomography, Nuclear Medicine), By End User (Hospitals, Diagnostic Centers, Outpatient Imaging Centers, Research Laboratories), By Imaging Modality (Analog Imaging, Digital Imaging, Hybrid Imaging), By Application (Cardiology, Oncology, Neurology, Orthopedics) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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Diagnostic Imaging Services Market Summary

As per MRFR analysis, the Diagnostic Imaging Services Market was estimated at 705.07 USD Billion in 2024. The Diagnostic Imaging Services industry is projected to grow from 744.7 USD Billion in 2025 to 1286.62 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.62 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Diagnostic Imaging Services Market is experiencing robust growth driven by technological advancements and shifting healthcare paradigms.

  • Technological advancements in imaging are enhancing diagnostic accuracy and efficiency across various healthcare settings.
  • The market is witnessing a notable shift towards outpatient services, reflecting a broader trend in healthcare delivery.
  • Preventive healthcare is gaining traction, leading to increased utilization of diagnostic imaging for early disease detection.
  • Key drivers include the rising prevalence of chronic diseases and government initiatives aimed at improving healthcare access.

Market Size & Forecast

2024 Market Size 705.07 (USD Billion)
2035 Market Size 1286.62 (USD Billion)
CAGR (2025 - 2035) 5.62%

Major Players

Siemens Healthineers (DE), GE Healthcare (US), Philips Healthcare (NL), Canon Medical Systems (JP), Fujifilm Holdings Corporation (JP), Hitachi Medical Corporation (JP), Hologic, Inc. (US), Radiology Partners (US), Agfa-Gevaert Group (BE), Carestream Health (US)

Diagnostic Imaging Services Market Trends

The Diagnostic Imaging Services Market is currently experiencing a transformative phase characterized by rapid advancements in technology and an increasing demand for precise diagnostic tools. The integration of artificial intelligence and machine learning into imaging modalities is enhancing the accuracy and efficiency of diagnoses, thereby improving patient outcomes. Furthermore, the growing prevalence of chronic diseases necessitates regular imaging services, which in turn drives market growth. As healthcare providers strive to offer more comprehensive services, the expansion of outpatient imaging facilities is becoming increasingly prevalent, allowing for greater accessibility and convenience for patients. In addition to technological advancements, the Diagnostic Imaging Services Market is witnessing a shift towards personalized medicine. This trend emphasizes tailored treatment plans based on individual patient profiles, which often require advanced imaging techniques for accurate assessments. Moreover, the rising awareness of preventive healthcare is prompting patients to seek imaging services proactively. As a result, the market is poised for continued growth, with innovations and patient-centric approaches shaping its future landscape.

Technological Advancements in Imaging

The Diagnostic Imaging Services Market is witnessing a surge in technological innovations, particularly in modalities such as MRI, CT, and ultrasound. These advancements enhance image quality and reduce examination times, thereby improving patient experiences. Furthermore, the incorporation of artificial intelligence is streamlining workflows and facilitating more accurate interpretations of imaging results.

Shift Towards Outpatient Services

There is a notable trend towards the establishment of outpatient imaging centers, which provide patients with convenient access to diagnostic services. This shift is driven by the need for cost-effective healthcare solutions and the desire for quicker turnaround times for imaging procedures. Outpatient facilities are becoming increasingly popular, as they often offer a more patient-friendly environment.

Focus on Preventive Healthcare

The Diagnostic Imaging Services Market is increasingly aligning with the principles of preventive healthcare. Patients are becoming more proactive in seeking imaging services to detect potential health issues early. This trend is fostering a culture of regular screenings and check-ups, which may lead to earlier interventions and improved health outcomes.

Diagnostic Imaging Services Market Drivers

Aging Population

The Global Diagnostic Imaging Services Market Industry is also propelled by the aging population, which typically requires more frequent medical evaluations and imaging services. As individuals age, they are more susceptible to various health conditions that necessitate diagnostic imaging for accurate assessment and treatment. According to the United Nations, the global population aged 65 and older is expected to double by 2050, indicating a substantial increase in the demand for healthcare services, including diagnostic imaging. This demographic shift suggests a sustained growth trajectory for the market, as healthcare systems adapt to the needs of an older population, potentially reaching a market size of 60 USD Billion by 2035.

Market Growth Projections

The Global Diagnostic Imaging Services Market Industry is poised for substantial growth, with projections indicating a market size of 39.0 USD Billion in 2024 and an anticipated increase to 60 USD Billion by 2035. The compound annual growth rate of 4.01% from 2025 to 2035 suggests a steady expansion trajectory, driven by various factors such as technological advancements, increasing chronic disease prevalence, and an aging population. These growth projections highlight the potential for innovation and investment within the diagnostic imaging sector, as stakeholders seek to capitalize on emerging opportunities in this evolving landscape.

Technological Advancements

The Global Diagnostic Imaging Services Market Industry is experiencing rapid technological advancements, which enhance the accuracy and efficiency of imaging procedures. Innovations such as artificial intelligence and machine learning are being integrated into imaging systems, leading to improved diagnostic capabilities. For instance, AI algorithms can analyze imaging data more quickly than traditional methods, potentially reducing the time required for diagnosis. This trend is expected to drive the market's growth, with the industry projected to reach 39.0 USD Billion in 2024. As technology continues to evolve, it is likely that the market will see further enhancements in imaging modalities, thereby expanding its applications in various medical fields.

Rising Healthcare Expenditure

The Global Diagnostic Imaging Services Market Industry is positively impacted by the rising healthcare expenditure across various regions. Increased investment in healthcare infrastructure and technology is facilitating the adoption of advanced diagnostic imaging services. Governments and private sectors are allocating more funds to enhance healthcare facilities, which includes acquiring state-of-the-art imaging equipment. For instance, countries are witnessing a trend of increased healthcare budgets, which is likely to support the growth of the diagnostic imaging market. With a projected compound annual growth rate of 4.01% from 2025 to 2035, the market is expected to expand significantly, reaching 60 USD Billion by 2035.

Growing Demand for Preventive Healthcare

The Global Diagnostic Imaging Services Market Industry is experiencing a growing demand for preventive healthcare, which emphasizes early detection and intervention. Patients and healthcare providers are increasingly recognizing the importance of regular screenings and diagnostic imaging to identify health issues before they escalate. This trend is reflected in the rising number of imaging procedures performed annually, as more individuals seek preventive care. As awareness of preventive healthcare continues to grow, the market is likely to expand, with the industry projected to reach 39.0 USD Billion in 2024. This shift towards preventive measures may lead to a more proactive approach in healthcare, further driving the demand for diagnostic imaging services.

Increasing Prevalence of Chronic Diseases

The Global Diagnostic Imaging Services Market Industry is significantly influenced by the rising prevalence of chronic diseases, which necessitate advanced diagnostic tools for effective management. Conditions such as cardiovascular diseases, diabetes, and cancer are becoming more common, leading to a higher demand for imaging services. For example, the World Health Organization indicates that cancer cases are expected to rise by 70% over the next two decades. This growing patient population is likely to drive the market, with projections suggesting that the industry could reach 60 USD Billion by 2035. Consequently, healthcare providers are increasingly investing in diagnostic imaging technologies to meet this rising demand.

Market Segment Insights

By Application: Radiology (Largest) vs. Cardiology (Fastest-Growing)

The Diagnostic Imaging Services Market is significantly influenced by various applications, with Radiology holding the largest market share among different medical disciplines. Techniques such as X-rays, MRIs, and CT scans dominate this segment, providing essential imaging services to hospitals and clinics. Meanwhile, Cardiology is on track to become the fastest-growing segment within this market, propelled by increasing cardiovascular diseases and growing awareness about the importance of early diagnosis through imaging techniques.

Radiology (Dominant) vs. Cardiology (Emerging)

Radiology continues to be the dominant application within the Diagnostic Imaging Services Market due to its established technology and broad accessibility in healthcare facilities. It encompasses a variety of imaging modalities that are crucial for the diagnosis and monitoring of various health conditions. In contrast, Cardiology is emerging rapidly as a vital segment due to rising incidences of heart diseases and advancements in imaging capabilities like echocardiography and cardiac CT. Such growth is changing healthcare practices, leading to an increased focus on non-invasive imaging procedures that aid in early diagnosis and intervention.

By Modality: Magnetic Resonance Imaging (Largest) vs. Ultrasound (Fastest-Growing)

In the Diagnostic Imaging Services Market, Magnetic Resonance Imaging (MRI) holds the largest market share, attributed to its advanced imaging capabilities and widespread clinical application. In contrast, modalities like Ultrasound are rapidly gaining traction, favored for their portability, cost-effectiveness, and non-invasive nature, which caters to a variety of patient needs. Other modalities such as Computed Tomography (CT) and X-ray continue to contribute significantly to market distribution, but MRI remains the cornerstone of diagnostic imaging due to its detailed imaging quality. The growth trends within the Diagnostic Imaging Services Market are shaped by technological advancements and an increasing focus on early disease detection. MRI technology advancements enhance image quality and reduce scan times, which are pivotal for patient comfort and accuracy in diagnosis. Additionally, the rise in outpatient imaging services and the growing preference for non-invasive procedures are propelling Ultrasound as a leading segment, indicating a shift toward more accessible diagnostic solutions and improved patient care methodologies.

MRI (Dominant) vs. Ultrasound (Emerging)

Magnetic Resonance Imaging (MRI) is currently the dominant modality in the Diagnostic Imaging Services Market, renowned for its exceptional imaging quality that allows for detailed visualization of soft tissues, making it invaluable in diagnosing complex conditions. Its application spans various fields, including neurology, oncology, and musculoskeletal imaging. As hospitals and clinics increasingly prioritize advanced diagnostic capabilities, MRI stands at the forefront. In contrast, Ultrasound, being an emerging modality, is rapidly gaining popularity due to its advantages such as real-time imaging, cost-effectiveness, and accessibility. It is particularly favored in obstetrics and gynecology, where appropriate imaging is crucial for prenatal assessments, and its portable nature facilitates point-of-care applications, expanding its utilization in diverse healthcare settings.

By End Use: Hospitals (Largest) vs. Diagnostic Imaging Centers (Fastest-Growing)

In the Diagnostic Imaging Services Market, hospitals hold a significant market share due to their critical role in delivering healthcare services. Generally, hospitals have access to advanced imaging technologies and cater to a diverse patient base requiring various diagnostic services. Diagnostic Imaging Centers, while smaller in market share compared to hospitals, are witnessing rapid growth as they provide outpatient services and specialized imaging solutions, offering convenience and shorter wait times for patients. The growth trends in the End Use segment are driven by the increasing demand for efficient diagnostic services. Technological advancements in imaging modalities, coupled with rising patient awareness and preference for outpatient services, are propelling the expansion of diagnostic imaging centers. Additionally, academic medical centers and research institutions are increasingly utilizing imaging technologies for innovative research, further contributing to the overall growth of this segment.

Hospitals (Dominant) vs. Diagnostic Imaging Centers (Emerging)

Hospitals are the dominant players in the Diagnostic Imaging Services Market, providing a wide range of imaging modalities such as MRI, CT, and ultrasound, crucial for patient diagnosis and treatment plans. Their comprehensive infrastructure ensures that patients receive high-quality services, often supported by specialized medical professionals and advanced imaging technology. Conversely, Diagnostic Imaging Centers are emerging as a more accessible alternative, offering specialized services with shorter waiting periods. These centers focus on outpatient services, catering to patients seeking immediate diagnostic solutions and leveraging the latest imaging technologies to enhance patient experience. The convenience, efficiency, and evolving healthcare demands position these centers to capture an increasing share of the market, making them significant competitors to traditional hospitals.

Get more detailed insights about Diagnostic Imaging Services Market

Regional Insights

The Diagnostic Imaging Services Market showcases notable regional variation, with North America leading the valuation at 15.5 USD Billion in 2024 and expected to grow to 24.0 USD Billion by 2035, primarily due to high healthcare expenditure and advanced technology adoption.

Europe follows, valued at 11.8 USD Billion in 2024, expected to reach 18.5 USD Billion, reflecting significant investments in healthcare infrastructure. Asia Pacific, while valued lower at 7.5 USD Billion in 2024, is projected to grow to 11.5 USD Billion.

This indicates a rapid expansion owing to rising populations and increased chronic diseases. South America stands at 3.0 USD Billion and is estimated to grow to 4.6 USD Billion, driven by urbanization and healthcare enhancement initiatives.

The Middle East and Africa represent the smallest segment, valued at 1.2 USD Billion in 2024 and expected to reach 1.4 USD Billion, facing challenges such as limited access to healthcare services. The significant market presence of North America highlights its dominance.

This is underpinned by cutting-edge diagnostic technologies and a robust healthcare framework, while growth opportunities in Asia Pacific signal emerging trends in the Diagnostic Imaging Services Market. These factors contribute to a diverse landscape within Diagnostic Imaging Services Market segmentation.

This influences overall market growth.

Key Players and Competitive Insights

The Diagnostic Imaging Services Market is characterized by a dynamic competitive landscape, driven by technological advancements, increasing demand for early disease detection, and a growing emphasis on patient-centric care. Major players such as Siemens Healthineers (DE), GE Healthcare (US), and Philips Healthcare (NL) are at the forefront, each adopting distinct strategies to enhance their market positioning. Siemens Healthineers (DE) focuses on innovation through the development of advanced imaging technologies, while GE Healthcare (US) emphasizes strategic partnerships to expand its service offerings. Philips Healthcare (NL) is actively pursuing digital transformation initiatives, integrating AI and data analytics into its imaging solutions, thereby shaping a competitive environment that prioritizes technological prowess and service diversification.

Key business tactics within the market include localizing manufacturing and optimizing supply chains to enhance operational efficiency. The competitive structure appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for a diverse range of offerings, catering to different healthcare needs and preferences, while also fostering innovation as companies strive to differentiate themselves in a crowded marketplace.

In November 2025, GE Healthcare (US) announced a strategic partnership with a leading telehealth provider to enhance remote diagnostic capabilities. This collaboration is poised to expand access to imaging services, particularly in underserved regions, thereby addressing a critical gap in healthcare delivery. The strategic importance of this move lies in its potential to leverage telehealth technologies, aligning with the growing trend towards integrated care solutions that prioritize patient accessibility and convenience.

In October 2025, Siemens Healthineers (DE) unveiled a new AI-driven imaging platform designed to streamline workflow and improve diagnostic accuracy. This launch underscores the company's commitment to innovation and positions it as a leader in the integration of AI within diagnostic imaging. The strategic significance of this development is multifaceted; it not only enhances Siemens' product portfolio but also responds to the increasing demand for efficient and precise imaging solutions in clinical settings.

In September 2025, Philips Healthcare (NL) expanded its operations in Asia by establishing a new manufacturing facility in India. This strategic move aims to localize production and reduce lead times for its imaging products. The importance of this expansion is evident in its potential to strengthen Philips' supply chain resilience while catering to the growing demand for advanced imaging technologies in the region. This localization strategy may also enhance cost efficiency, allowing Philips to remain competitive in pricing while maintaining high-quality standards.

As of December 2025, current competitive trends in the Diagnostic Imaging Services Market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to drive innovation. The shift from price-based competition to a focus on technological advancement and supply chain reliability is becoming more pronounced. Looking ahead, competitive differentiation is likely to evolve, with companies that prioritize innovation and sustainable practices poised to lead the market.

Key Companies in the Diagnostic Imaging Services Market market include

Industry Developments

  • Q2 2024: RadNet Acquires Five Imaging Centers in Southern California RadNet, Inc. announced the acquisition of five outpatient imaging centers in Southern California, expanding its footprint and service capacity in the region. The acquisition is part of RadNet’s ongoing strategy to consolidate and grow its diagnostic imaging services network.
  • Q2 2024: Akumin Appoints New Chief Executive Officer Akumin Inc. announced the appointment of a new CEO, effective May 2024, to lead the company’s next phase of growth in diagnostic imaging services across North America.
  • Q2 2024: Rayus Radiology Opens Advanced Imaging Center in Dallas Rayus Radiology opened a new state-of-the-art imaging center in Dallas, Texas, featuring the latest MRI and CT technology to enhance diagnostic capabilities and patient access.
  • Q2 2024: LucidHealth Announces Strategic Partnership with Major Midwest Health System LucidHealth entered into a multi-year partnership with a leading Midwest health system to provide comprehensive radiology and diagnostic imaging services, aiming to improve turnaround times and diagnostic accuracy.
  • Q3 2024: US Radiology Specialists Acquires Capitol Imaging Services US Radiology Specialists completed the acquisition of Capitol Imaging Services, expanding its presence in the Gulf Coast region and adding over 20 imaging centers to its national network.
  • Q3 2024: Siemens Healthineers Receives FDA Clearance for New AI-Powered CT Scanner Siemens Healthineers announced FDA clearance for its new AI-powered CT scanner, designed to improve image quality and reduce scan times in diagnostic imaging services.
  • Q3 2024: MedQuest Associates Launches Mobile Imaging Service in Georgia MedQuest Associates launched a new mobile imaging service in Georgia, providing on-site MRI and CT scans to underserved rural communities.
  • Q4 2024: GE HealthCare Completes Acquisition of AI Imaging Startup GE HealthCare completed the acquisition of a leading AI imaging startup, aiming to integrate advanced artificial intelligence solutions into its diagnostic imaging services portfolio.
  • Q4 2024: Envision Radiology Wins Multi-Year Imaging Contract with Major Insurer Envision Radiology secured a multi-year contract to provide diagnostic imaging services for a major national health insurer, expanding patient access to advanced imaging modalities.
  • Q1 2025: Philips Launches Next-Generation Ultrasound System for Diagnostic Imaging Philips introduced a next-generation ultrasound system designed for faster, more accurate diagnostic imaging, targeting hospitals and outpatient imaging centers globally.
  • Q1 2025: RadNet Announces $200 Million Investment to Expand AI Imaging Capabilities RadNet announced a $200 million investment to expand its artificial intelligence imaging capabilities, including new software platforms and partnerships with technology firms.
  • Q2 2025: Akumin Files for IPO on NASDAQ Akumin Inc. filed for an initial public offering on the NASDAQ, aiming to raise capital to further expand its diagnostic imaging services network across the United States.

Future Outlook

Diagnostic Imaging Services Market Future Outlook

The Diagnostic Imaging Services Market is projected to grow at a 5.62% CAGR from 2024 to 2035, driven by technological advancements, increasing healthcare expenditure, and rising demand for early disease detection.

New opportunities lie in:

  • Expansion of tele-radiology services to enhance remote diagnostics.
  • Development of AI-driven imaging software for improved accuracy.
  • Investment in portable imaging devices for point-of-care applications.

By 2035, the market is expected to be robust, reflecting substantial growth and innovation.

Market Segmentation

Diagnostic Imaging Services Market End Use Outlook

  • Hospitals
  • Diagnostic Imaging Centers
  • Outpatient Facilities
  • Research Institutions
  • Academic Medical Centers

Diagnostic Imaging Services Market Modality Outlook

  • Magnetic Resonance Imaging
  • Computed Tomography
  • Ultrasound
  • X-ray
  • Nuclear Medicine

Diagnostic Imaging Services Market Application Outlook

  • Radiology
  • Cardiology
  • Oncology
  • Orthopedics
  • Neurology

Report Scope

MARKET SIZE 2024705.07(USD Billion)
MARKET SIZE 2025744.7(USD Billion)
MARKET SIZE 20351286.62(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.62% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledSiemens Healthineers (DE), GE Healthcare (US), Philips Healthcare (NL), Canon Medical Systems (JP), Fujifilm Holdings Corporation (JP), Hitachi Medical Corporation (JP), Hologic, Inc. (US), Radiology Partners (US), Agfa-Gevaert Group (BE), Carestream Health (US)
Segments CoveredApplication, Modality, End Use
Key Market OpportunitiesIntegration of artificial intelligence in diagnostic imaging enhances accuracy and efficiency in patient care.
Key Market DynamicsTechnological advancements and regulatory changes drive competitive dynamics in the Diagnostic Imaging Services Market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Market Highlights

Author
Rahul Gotadki
Assistant Manager

He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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FAQs

What is the projected growth of the Diagnostic Imaging Services market?

The Diagnostic Imaging Services market is the expected increase in total market value of 1286.62 USD billion over a defined forecast period 2025–2035. It is driven by factors such as demand trends, technological advances, regulatory changes, and geographic expansion.

What is the size of the Diagnostic Imaging Services market?

Diagnostic Imaging Services market size was valued at approximately 705.07 billion USD in 2024. This figure will reach 1286.62 billion USD covering all regions (America, Europe, Asia, MEA and ROW), focusing its segments / services / distribution channels till 2035.

What is the CAGR of the Diagnostic Imaging Services market?

Diagnostic Imaging Services market is expected to grow at a CAGR of 5.62% between 2025 and 2035.

How much will the Diagnostic Imaging Services market be worth by 2035?

Diagnostic Imaging Services market is expected to be worth of 1286.62 billion USD, reflecting growth driven by usage, technology and global demands by the end of 2035.

How will the Diagnostic Imaging Services market perform over the next 10 years?

Over the next 10 years the Diagnostic Imaging Services market is expected to shift from usd billion 705.07 to 1286.62 billion USD, led by adoption of advanced tech, demographic trends, regulatory approvals, with potential headwinds from 2025 to 2035.

What will be the market size of the Diagnostic Imaging Services Market by 2035?

By 2035, the market size of the Diagnostic Imaging Services Market is expected to reach 60.0 billion USD.

Which region is expected to hold the largest market share in the Diagnostic Imaging Services Market in 2024?

In 2024, North America is expected to hold the largest market share at 15.5 billion USD.

What are the projected market valuations for the Ultrasound segment in 2024 and 2035?

The Ultrasound segment is projected to be valued at 8.0 billion USD in 2024 and 12.0 billion USD by 2035.

Who are the key players in the Diagnostic Imaging Services Market?

Notable players include Radiology Partners and RadNet, in the Diagnostic Imaging Services Market.

What is the expected market value for the Magnetic Resonance Imaging segment in 2035?

The Magnetic Resonance Imaging segment is expected to reach a market value of 13.0 billion USD by 2035.

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