Market Trends of United States Diagnostic Imaging Industry
This section covers the major market trends shaping the US Diagnostic Imaging Market according to our research experts:
The Magnetic Resonance Imaging (MRI) Segment is Expected to Account for the Largest Market Share Over Forecast Period
The MRI segment is expected to hold a significant share in the United States diagnostic imaging market over the forecast period. The factors attributing to the high growth of MRI in the country are growing technological advancements in MRI modality and widening the application of MRI in the medical field. Magnetic resonance imaging (MRI) is considered amongst the safest medical imaging procedures, as it does not involve the use of any harmful imaging agents.
The MRI segment is expected to have a significant share in the United States diagnostics imaging market majorly due to the high burden of chronic diseases in the country, especially neurodegenerative disorders where MRI is used widely. For instance, according to the March 2021 report of the Alzheimer's Association, approximately 6.2 million people of age 65 years and more are living with Alzheimer's-related dementia in the United States, and it is projected that this number will increase to 13.8 million people by 2060. Further, the technological advancement in MRI technology and the launch of new and advanced products are also expected to fuel growth in the studied segment as new product launches are expected to increase the adoption of MRI systems. For instance, in June 2022, Memorial MRI and Diagnostic installed uMR Omega 3T MRI system from the United Imaging in an outpatient imaging center in Katy and Memorial's first 3T MRI in the Houston area. Therefore, owing to the above-mentioned factors, the magnetic resonance imaging (MRI) segment is expected to hold a significant market share in the United States diagnostics imaging market over the forecast period.
