Diagnostic Imaging Services Market Trends

Diagnostic Imaging Services Market Driver

• As the elderly population grows each year, so does the demand for diagnostic imaging services. Diagnostic imaging is two or three times more likely in the elderly than in the younger population. They are predisposed to a variety of chronic diseases, including cancer, kidney disease, spinal disorders, and cardiovascular disease. According to the National Institutes of Health, patients over the age of 65 have diagnostic imaging done at twice or more than the rate of younger people. This increases demand for diagnostic imaging services.

Diagnostic Imaging Services Market Restraint 

• Diagnostic imaging systems are expensive to buy and install. Healthcare facilities, particularly outpatient imaging centres, that purchase such expensive systems frequently rely on external payers to recoup the costs incurred in diagnostic and screening procedures performed with these systems. As a consequence, factors such as ongoing reductions in diagnostic imaging scan reimbursements and the rising cost of diagnostic imaging systems are restricting small and medium-sized imaging facilities from making investments in technologically advanced diagnostic imaging modalities, impeding the growth of the market over the analysis period.