Diagnostic Imaging Services Market Size

Diagnostic Imaging Services Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The diagnostics services market is expected to grow at a significant rate. The current market value of $38.9 billion in 2024 is expected to reach $60 billion by 2035. A CAGR of 4.01% from 2025 to 2035 indicates a steady growth in demand for diagnostic services. Increasingly common chronic diseases and the growing geriatric population are a major driver of the demand for advanced diagnostics and early disease detection. Technological developments, such as the integration of artificial intelligence into medical imaging and the development of portable diagnostic devices, also contribute to the growth of the market. These innovations increase diagnostic accuracy and improve patient outcomes, while making diagnostic services more efficient and more widely available. The major players in the market, such as Siemens Healthineers, GE Healthcare, and Philips Health, are constantly investing in research and development, forming strategic alliances, and launching new products. Recent alliances to improve the artificial intelligence of medical images are expected to have a significant impact on the market, driving competition and innovation in the diagnostic imaging industry.

Regional Market Size

Regional Deep Dive

The diagnostic imaging services market is expected to grow at a significant CAGR in the coming years, driven by technological advancements, the rising prevalence of chronic diseases, and the growing geriatric population. In North America, the market is characterized by the high adoption of advanced diagnostic imaging devices and a strong focus on research and development. The European market is characterized by a variety of regulatory and reimbursement policies, and Asia-Pacific is growing rapidly due to the rising healthcare expenditures and increasing access to diagnostic services. The Middle East and Africa (MEA) region is growing due to increasing investments in healthcare, and Latin America is gradually adopting advanced imaging devices.

North America

• Several new imaging devices have recently been approved by the FDA, including a new AI-based MRI system, which will enhance diagnostic accuracy and efficiency in clinical settings.
• GE and Siemens are investing heavily in the development of new products such as portable ultrasounds, which are gaining ground in remote and underdeveloped areas.
• In this way, the introduction of the value-based care model is influencing the use of diagnostic imaging services, which is based on the need to improve patient outcomes while managing costs.

Europe

• The stricter requirements of the new European medical devices directive have forced manufacturers to make their products more safe and effective.
• Germany and France are leading the way in digital imaging, with initiatives to integrate AI into the diagnostic process and improve the accuracy of diagnosis.
• In Europe the European Society of Radiology (ESR) is promoting the use of a biomarker based on the use of radiological methods in clinical trials. This is expected to lead to improved patient stratification and thus to an increased innovation potential.

Asia-Pacific

• The new health reform in China has accelerated the pace of investment in medical equipment and has expanded the scope of medical services.
• A need for speedy diagnosis in remote locations is driving the teleradiology services in India. This has given birth to companies like Teleradiology Solutions.
• In Japan and Korea, a rising awareness of the importance of preventive medicine has led to an increased demand for preventive X-ray examinations, especially among the elderly.

MEA

• The United Arab Emirates is investing heavily in the development of health care facilities, and the Dubai Health Strategy 2021 is an example of this.
• In the field of medical technology, there are a number of examples of new collaborations between local hospitals and international companies, such as the collaboration between Mediclinic and Siemens Healthineers to improve medical imaging services in the region.
• In South Africa, the authorities are working to standardize radiological practices, which will improve the quality and availability of these services.

Latin America

• Brazil is implementing public health policies to increase access to radiological services, particularly in remote and under-served areas, through the support of government funding and the creation of public-private partnership.
• International medical tourism is increasingly gaining momentum, and the quality of diagnostics is increasingly sought after at a low price.
• Local companies are collaborating more and more with international partners to develop the local imaging industry and to train health professionals in the latest techniques.

Did You Know?

“The fact that approximately seventy percent of medical decisions are based on diagnostic images, underlines the crucial role of diagnostic radiology in patient care.” — American College of Radiology

Segmental Market Size

The world diagnostics market is a critical area of the health industry, currently growing at a stable pace and driven by the rising demand for accurate and timely diagnosis. The growing number of chronic diseases that require the most advanced imaging techniques for treatment, the technological development of MRI, CT and ultrasound. The development of regulatory policies to promote early disease detection will further boost the demand for diagnostic services.

RADIOLOGICAL IMAGE TECHNOLOGY NOW RUNS ON A VERY MATURE STAGE, WITH CERTAIN MAJOR PLAYERS SUCH AS SIEMENS HEALTH CARE AND GE HEALTH CARE IMPLEMENTING INNOVATIVE SOLUTIONS IN MOST AREAS, PARTICULARLY IN EUROPE AND NORTH AMERICA. Among the most important applications are oncology, cardiology and neurology, where image data play a major role in the planning and monitoring of treatment. In the long run, teleradiology and remote diagnostics are expected to increase, and the need for sustainable development will push the development of more sustainable radiology solutions. Artificial intelligence-based image analysis tools will also shape the future of this market, improving diagnostic accuracy and efficiency.

Future Outlook

During the period from 2024 to 2035, the global diagnostic imaging services market is expected to grow at a CAGR of 4.01%, from $38.95 billion to $60 billion. This growth is driven by an increasing need for accurate and early disease diagnosis, driven by an aging population and the rise in chronic diseases. The use of advanced diagnostic tools is expected to increase, which will increase the accuracy of diagnosis and the quality of patient care. In developed countries, the penetration of diagnostic imaging services is expected to reach over 60% in 2035. Emerging countries are also expected to experience rapid growth in the adoption of diagnostic imaging services due to improved health care systems and access to advanced technology.

The amplification of the image and the fusion of the image with the artificial intelligence are the two main factors that will revolutionize the market. The artificial intelligence will improve the speed and accuracy of the readings, which will relieve the radiologists and improve the efficiency of the work. The development of telemedicine will make it possible to access diagnostic imaging remotely, thus extending the market. Policy drivers, notably the increase in health expenditure and the development of diagnostic capacities, will also play a major role in the development of the market. As the industry continues to develop diagnostic imaging and expand its service offerings, the diagnostic imaging services market will evolve significantly, aligning with the general trends of individualized medicine and value-based care.