Deliver Your News to the World

Diagnostic Imaging Centers Industry Worth $19 Billion in U.S.

630 Million X-rays, CT & PET Scans, MRIs, Ultrasounds

Marketdata Reports
Marketdata Reports

"The U.S. has the largest medical imaging industry worldwide."

August, 26, 2019 -- Marketdata LLC, a leading independent market research publisher of “off-the-shelf” studies about service industries since 1979, has released a new 86-page study: U.S. Diagnostic Imaging Centers: An Industry Analysis. This is a complete analysis and forecast for diagnostic imaging centers—the nature and structure and size of the industry, key issues, trends, operations and competitors.
“The business is highly competitive, with 6,500 facilities and with the 50 largest competitors capturing just 29% of the market. There is only one publicly-owned company that operates a chain of imaging centers, RadNet", according to Research Director, John LaRosa.
Major Findings:

- Market Value…  Marketdata estimates that the U.S. diagnostic imaging centers industry was worth $19.5 billion in 2018, up 4.2% from 2017. The total market is forecast to grow at a 3.1 % average annual pace, to $22.1 billion by 2023. Revenue growth has been constrained by ongoing Medicare reimbursement cuts.

- There are 6,500 diagnostic imaging facilities in the United States. Average annual receipts per center are $2.8 million, and the industry employs just under 93,000 persons.More consolidation is likely.

- The demand for diagnostic imaging is rising, as the proportion of the older population in the United States with favorable insurance coverage policies grows. Patients aged 65 and older undergo diagnostic imaging two or more times more than the younger population. In addition, evolving imaging equipment technology is creating wider applications. This, coupled with increased patient access, will contribute to future growth.

- There were 630 million imaging procedures performed in the United States in 2016, including: X-rays, 39 million MRIs, 80 million CT scans, PET scans, mammography, bone density scans, and ultrasounds.

- This is a fairly competitive healthcare industry. The 50 largest companies in this industry captured just 29% of total receipts in 2012. The top 50 companies operated only 12.6% of all facilities. There are still many “mom & pop” imaging centers in operation. Only six companies operate chains with more than 30 facilities – RadNet being the largest, with 340+ centers. The top six captured 9.6% of industry sales in 2018.

- A U.S. economic recession in either 2020 or 2021 is likely.  Fully 34% of surveyed economist expect a recession by 2021. In a recession, consumers will lose jobs, and health insurance. They will cut back on doctor visits, thereby reducing the number of diagnostic imaging tests on that smaller number of patients. This will translate to lower revenues for imaging centers.

- The Great Recession appears to have had a major lagged effect on the industry. Following the recession of 2008-2009, the industry’s revenues fell basically for five consecutive years, through 2014. Visits to primary care and specialist physicians declined, causing referrals to ancillary service providers (like imaging) to decline.

 “The U.S. is the largest medical imaging market globally due to the high disposable income of consumers. The launch of innovative new equipment by major companies will spur growth.  In addition, the United States is expected to experience an accelerated rate of aging population, which leads to an increase in the demand for imaging services.”, according to Research Director, John LaRosa.
 About The Report
U.S. Diagnostic Imaging Centers: An Industry Analysis, published in August 2019, is an independently researched “off-the-shelf” study.  The study is 86 pages in length, has 22 tables, and costs $995.  Available in pdf format. A free table of contents is available by email Contact: Marketdata LLC, 7210 Wareham Drive, Tampa, FL  33647, (813) 971-8080. John LaRosa is available for interviews.
About Marketdata LLC
Marketdata is a private market research and consulting firm that has specialized in the tracking and analysis of a wide variety of service industry and healthcare sectors. The company also provides custom research and consulting services, and holds teleconferences and webinars. It has a 30-year specialty tracking the weight loss market. The company website is:


( Press Release Image: )


 Diagnostic Imaging
 Medical Imaging
 Market Research Reports
 Ct, Mri Scans
 Radiology Business

This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.