The global U.S. Imaging Services Market is estimated to be valued at US$ 154.77 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Imaging services utilize modalities like X-ray, MRI, CT, ultrasound and others to produce visual representations of the internal body. It helps in early detection of diseases and guided medical procedures. Advances in imaging technologies have made procedures minimally invasive and less time consuming.
Market key trends:
One of the key trends in the market is increasing use of preventive care services like mammography screenings. According to the American Cancer Society, regular mammograms can reduce breast cancer mortality rates in women by 40%. Screening mammography helps detect tumor formation at an early stage which improves treatment outcomes. Advancements in 3D mammography have improved screening accuracy significantly which is encouraging more women to get screened routinely. This in turn is driving the demand for imaging services in the country.
Segment Analysis:
The U.S. imaging services market is segmented into X-ray, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI), nuclear imaging, and mammography. The X-ray segment dominates the market and accounts for the largest market share. This is due to the widespread availability, easy accessibility, and lower cost of X-ray technology in comparison to other modalities.
Key Takeaways:
The Global U.S. Imaging Services Market Demand is expected to witness high growth, exhibiting a CAGR of 5.5% over the forecast period, due to increasing prevalence of chronic diseases and rising geriatric population.
Regional analysis:
The Western region dominates the U.S. imaging services market with the largest market share due to higher adoption of advanced imaging technologies and presence of prominent players in the region. However, Southern region is expected to witness the fastest growth rate over the forecast period owing to increasing healthcare expenditure and availability of specialty care centers in the region.
Key players:
Key players operating in the U.S. imaging services market are Medica Group Plc., Dignity Health, InHealth Group, Alliance Medical, RadNet, Inc., Sonic Healthcare Limited, and Global Diagnostic Imaging, among others. Medica Group Plc. is one of the largest players in this market with presence across various regions.
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