Global Diagnostic Imaging Services Market is Predicted to Grow at a CAGR of ~6% During 2023-2033
Research Nester has published a detailed market report on ‘Global Diagnostic Imaging Services Market’ for the forecast period, i.e. 2023 – 2033 which includes the following factors:
Global Diagnostic Imaging Services?Market Size:
The global diagnostic imaging services market is anticipated to gain robust revenue by the end of 2033 by growing at a CAGR of ~6% over the forecast period. Additionally, the market generated significant revenue in the year 2022. The growth of the market can be attributed to the increasing geriatric population across the globe with severe diseases and chronic disorders.
According to the World Bank’s data, the geriatric population across the world hit 747,238,580 in 2021.?Furthermore, global diagnostic imaging services market trends including higher penetration of neurological disorders and constantly increasing research and development spending on medical imaging technology are estimated to influence the growth of the market positively over the forecast period.
According to Pan American Health Organization (PAHO), nearly 533,172 men and 320,043 women lost their lives on account of some sort of neurological condition.
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Global Diagnostic Imaging Services Market:?Key Takeaways
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Growing Inclination Toward Medical Imaging Technology and Rising Expenditure in Healthcare Sector to Boost Market Growth
In recent times, drastic growth has been seen in medical imaging technology on account of the launch of several new technologies. Moreover, medical imaging technology plays an important role in the treatment and diagnosis of various diseases and disorders.
Further, some of the major technologies used in the services are nuclear medicine, ultrasonography, computed tomography, X-RAYs, mammography, MRI, and others. Hence such a higher penetration of associated applications is estimated to flourish the market over the forecast period. For instance, as of 2022, the total worth of diagnostic imaging devices is predicted to be around USD 45 billion.
Along with this, rising neurological disorders, advantageous healthcare reimbursement policies, and more expendable income which in tare urn expected to increase overall health spending, are some of the usual drivers predicted to spur market expansion over the forecast period.
As per the World Health Organization, global health spending has increased overall during the previous 20 years, doubling in real terms, reaching USD 8.5 trillion in 2019 and 9.8% of GDP up from 8.5 percent in 2000. Additionally, the rising prevalence of chronic healthcare issues such as diabetes, stroke, and heart attack is predicted to drive market growth over the forecast period.
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