The global Diagnostic Imaging Services Market was valued at USD 509.52 billion in 2019 and is expected to reach USD 749.09 billion by 2027, growing at a CAGR of 4.9%. Diagnostic imaging is a medical diagnostic method that produces images of internal body structures using electromagnetic radiation and other technologies to aid in accurate diagnosis.

The market growth is attributed to the growing incidence of chronic diseases, increasing awareness about early disease diagnosis among people for better treatment, and the use of diagnostic tests expanding with the introduction of new diseases. The market is also driven by initiatives taken by various government and healthcare institutions to spread awareness about diagnostic test services.

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The COVID-19 pandemic has had a significant impact on the diagnostic imaging services market, as safe scans and cleaning and disinfecting machines are critical in providing clinically useful imaging services while defending patients. Diagnostic imaging is crucial in assessing the severity and disease progression in COVID-19 infection, and chest x-ray has emerged as a frontline diagnostic imaging test. AI and machine learning are expected to improve the patient experience throughout the imaging process.

North America accounted for the biggest market share in 2019 due to the incidence of multiple diagnostic centers, while the Asia Pacific region is expected to be the fastest-growing segment of the market due to the presence of a huge geriatric population in the region. Mergers and acquisitions are expected to drive the market widely as various key players have merged to form new products. Some of the key participants in the market include RadNet, Inc, Alliance Medical, Global Diagnostics, Sonic Healthcare, and Siemens Healthineers.

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The report segments the market based on type, technology, application, and region. The types of diagnostic imaging services include X-ray Imaging, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Ultrasound, Nuclear Imaging, and Mammography. The technologies used include 2D, BnW, Color, and 3D/4D. The applications include Orthopedics, Cardiovascular, Neurology, Pelvic & Abdomen, Oncology, General Radiography, Dentistry, Fluoroscopy, Obstetrics & Gynecology, and Mammography. Factors that may hamper the market growth include the high cost of diagnostic services and reduced reimbursement scenario for outpatients.

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