Diagnostic radiology uses non-invasive imaging scans to diagnose patients. Sometimes, low doses of radiation are used in tests and equipment to create highly detailed images of an area. Radiography refers to several studies that need x-ray techniques to visualize internal organs. It is a technique for creating and recording an x-ray pattern to offer the user a static image after the exposure ends.
The risk of new developing diseases increases in direct proportion to age. According to CDC, approximately 80% of the elderly in the U.S. have at least one chronic condition, which enhances the wide use of radiological diagnostics. The growing demand for imaging modalities by teaching hospitals and universities to offer training for advanced technology is anticipated to have a major impact on the market growth during the forecast years.
Data Bridge Market Research analyses that the radiological diagnostics market, which was USD 566.8 billion in 2022, would rise up to USD 870 billion by 2030 and is expected to undergo a CAGR of 5.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
North America dominates the radiological diagnostics market due to the increase in the incidence of chronic diseases such as heart disease, and diabetes, the availability of major market players, and government initiative to manufacture healthcare infrastructure in this region.
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Asia-Pacific is expected to witness significant growth due to the growing incidence of chronic diseases, increasing demand for several advanced healthcare systems among the elderly population, and the developing healthcare infrastructure within the region.
Some of the major players operating in the radiological diagnostics market are:
Siemens (Germany)
4ways Healthcare Limited (U.K.)
Everlight Radiology (Australia)
RadNet, Inc. (U.S.)
Koninklijke Philips N.V. (Netherlands)
Sonic Healthcare Limited (U.S.)
Medica Reporting Ltd. (U.K.)
ONRAD, Inc. (U.S.)
UNILABS (Switzerland)
Radiology Reports online (U.S.)
InHealth Group (U.K.)
Concord Medical Group (U.S.)
Alliance Health (U.S.)
RamSoft, Inc. (Canada)
General Electric (U.S.)
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