Diagnostic Imaging Market Poised for Steady Growth to $8.7B by 2027, Driven by Chronic Disease Demand Despite High Costs
• Diagnostic imaging market estimated to grow at a CAGR of 5.93% between 2022-2027 to $8.69 billion • Market segmented by product (x-ray, ultrasound, MRI, CT, others), end-user (hospitals, diagnostic centers, research institutes), and geography • North America to account for 42% of market growth; rising prevalence of chronic diseases driving growth • Increasing prevalence of chronic conditions is a key driver; imaging used to diagnose severe and chronic conditions • High costs associated with diagnostic imaging equipment and procedures is a major challenge