U.S. Imaging Services Market Size, Share & Trends Analysis Report By Modality (Mammography, Nuclear Medicine Scans, Ultrasound, X-rays), By End-use (Hospitals, Diagnostic Imaging Centers), And Segment Forecasts, 2025 - 2030

U.S. Imaging Services Market Size & Trends

The U.S. imaging services market size was estimated at USD 150.2 billion in 2024 and is expected to grow at a CAGR of 4.3% from 2025 to 2030. The major factors attributed to the growth include the increasing prevalence of cancer and cardiac disorders coupled with growing awareness about medical imaging technology. For instance, according to the International Agency for Research on Cancer, in 2022, about 2,380,189 new cancer cases were reported in the U.S. The number is further estimated to reach 7,845,698 in the next 5 years. In addition, developing various technologies for enhancing medical imaging services is anticipated to boost market growth during the forecast period.

Medical imaging is the preferred diagnostic technique, providing vital information with speed, safety, and accuracy. Imaging services involve different imaging modalities such as X-ray, ultrasound, nuclear medicine scans, MRI, and CT scans, which are non-invasive techniques that can be used to diagnose various diseases easily. In addition, these imaging services help in the early diagnosis of the disease, which leads to positive treatment outcomes. The development of various technologies for enhancing medical imaging services is anticipated to boost market growth in the coming years. Furthermore, the rapidly increasing aging population and high cancer incidence are factors expected to drive market growth. Growing funding to support ongoing research activities and rising private-public initiatives related to medical imaging are factors likely to propel overall market growth.

Medical imaging helps with the early and accurate diagnosis of diseases, which helps in providing effective disease treatment. Therefore, to control the growing disease burden, a large number of medical professionals are using medical imaging devices in imaging services before performing surgeries. The growing prevalence of cancer and cardiovascular diseases is expected to drive the need for medical imaging services. According to the Centers for Disease Control and Prevention (CDC), one person dies from cardiovascular disease every 33 seconds, with a total of 702,880 deaths recorded in 2022, which is equivalent to one in every five deaths.

In interventional radiology, healthcare professionals use medical imaging systems to guide minimally invasive surgical procedures that treat, diagnose, and cure several conditions. Imaging modalities include CT, fluoroscopy, ultrasound, and MRI. Minimally invasive surgeries offer numerous benefits, such as faster recovery time, smaller incisions, reduced scarring and pain, increased accuracy, and shorter hospital stays compared to open surgery techniques, which are expected to fuel the market.

Market Characteristics & Concentration

The industry growth stage is moderate, and the pace of the growth is accelerating. The U.S. imaging services industry is characterized by a low to moderate degree of growth. Key driving factors include the increasing prevalence of chronic disorders, rising awareness about medical imaging techniques, and a growing number of outpatient settings with imaging services. However, the high cost of medical imaging services and the dearth of skilled radiologists operating medical imaging equipment may hamper industry growth in the forecast period.

The key players in the U.S. imaging services industry are utilizing strategies such as new product launches, mergers & acquisitions, business expansion, partnerships & collaborations, and implementing another effective strategy to maintain their position in the industry. For instance, In April 2023, Unilabs partnered with SmartSoft Healthcare to enhance the lumbar spine MRI reading and reporting. This partnership demonstrated the expansion of AI in the field of diagnostic imaging services for improving efficiency and accuracy,

The degree of innovation in the U.S. imaging services industry constantly evolves as new technologies and techniques are developed and adopted. The industry has seen significant growth in recent years due to the increasing demand for diagnostic imaging services and the implementation of advanced imaging technologies such as MRI, CT, and PET-CT. Furthermore, there has been a rise in the use of artificial intelligence and machine learning algorithms in medical imaging, which is expected to enhance the industry's degree of innovation further.

The U.S. imaging services industry is witnessing a high level of partnerships and collaboration. Companies are considering expanding their service offerings and reaching wide customers through this strategy. Companies can combine their strengths and expertise to provide better customer solutions and services. Moreover, partnerships and collaborations can help companies to reduce costs and increase efficiency, as they can share resources and knowledge. Due to the rising demand for imaging services, more partnerships and collaborations are expected. For instance, in November 2022, RadNet, Inc. acquired a majority stake of 75% in Heart & Lung Imaging Limited. This London-based company aims to enhance the outcomes of lung cancer patients through early detection and precise diagnosis.

Stringent regulations control the U.S. imaging services industry to ensure patient safety, privacy, proper handling, and disposal of medical equipment. Regulatory authorities such as the Food and Drug Administration (FDA) and the Centers for Medicare and Medicaid Services (CMS) play a significant role in the imaging services industry. Laws such as the Affordable Care Act and the Medicare Access and CHIP Reauthorization Act (MACRA) also impact the industry by promoting value-based care and driving the adoption of new technologies. The U.S. imaging services industry operates in a heavily regulated environment, with numerous laws and regulations impacting the industry at the federal and state levels.

The U.S. medical imaging services industry has a low threat from direct substitutes. However, services such as telemedicine and remote monitoring offer convenient and cost-effective options for patients who are not able to undergo traditional medical imaging procedures. The industry is highly competitive, with companies competing on factors such as price, quality of services, and geographic coverage.

In terms of geographical expansion, several imaging centers in the U.S. have been expanding to other states and regions to cater to a larger patient population. For instance, in April 2023, MetroHealth's Lumina Imaging and Siemens Healthineers established a strategic Value Partnership to expand affordable outpatient imaging services across the U.S. Siemens Healthineers will exclusively supply MRI and CT equipment for all future Lumina sites, supporting both corporate-owned and franchise locations. This expansion has helped improve access to imaging services and provide better patient care.

Modality Insights

Nuclear medicine scans held the largest share of 24.31% in 2024. Rising awareness levels among physicians and clinical researchers regarding the benefits of nuclear imaging scans, coupled with increasing application areas, such as cases in oncology and neurological diseases, are the factors driving the market. Moreover, increasing partnerships and collaborations between market players further contribute to this growth. For instance, in October 2024, Jubilant Radiopharma and Simplified Imaging Solutions formed a strategic partnership to enhance nuclear medicine services across U.S. healthcare facilities. This collaboration offers a comprehensive, cost-effective solution by integrating radiopharmacy networks with diagnostic services, streamlining operations, and reducing administrative burdens for nuclear labs.

Moreover, the magnetic resonance imaging segment is expected to grow at the highest CAGR of 4.7% over the forecast period, owing to factors such as the increasing geriatric population, technological advancements such as the introduction of hybrid MRI equipment, high-field MRI, superconducting (SC) magnets, and installation of software, availability of universal health coverage, and growing burden on chronic diseases are fueling market growth.

End-use Insights

Hospitals held the largest share of 38.56% in 2024, owing to the increasing prevalence of various conditions such as cancer and cardiac disorders. The availability of multiple imaging modalities in a single facility and reimbursement policies for the imaging procedures are also expected to impact the overall market growth. Moreover, rising efforts to increase the presence of hospitals offering imaging services in the country further contribute to segment growth. For instance, in June 2023, Inspira Health Network, Atlantic Medical Imaging (AMI), and Regional Diagnostic Imaging (RDI) formed a joint venture to operate nine imaging centers in New Jersey. This partnership aims to enhance patient access, expedite scheduling, and expand services across multiple locations, rebranding six centers as "AMI at Inspira Health."

Diagnostic imaging centers are expected to witness segment growth in the market due to the increasing demand for outpatient imaging services. The shift toward value-based healthcare and cost-reducing measures has led healthcare providers to prefer outpatient settings, offering lower costs and greater patient convenience. In addition, advancements in imaging technology, such as AI-assisted diagnostics and portable imaging solutions, enable diagnostic centers to provide faster and more accurate results. Many imaging centers are also expanding their service offerings to include advanced modalities such as PET-CT and 3D mammography, attracting a larger patient base and increasing their market presence.

Key U.S. Imaging Services Company Insights

The U.S. market is highly competitive and has several key players. The major market players are focused on forming partnerships to enhance imaging services and patient care, taking advantage of important cooperation activities, and exploring mergers & acquisitions. For instance, in March 2023, Medtronic and NVIDIA stated that they have partnered to accelerate the expansion of AI in the healthcare system and convey new AI-based solutions into patient care. Also, apart from Medtronic, the company is aiming for more such AI or metaverse-driven partnerships to advance medical imaging & medical devices, as per NVIDIA's GTC 2023 conference.

Recent Development

• In October 2024, IKS Health partnered with Radiology Partners to enhance radiology services using its AI-powered Care Enablement Platform. This collaboration aims to streamline workflows, reduce administrative burdens, and improve imaging access, allowing over 3,900 radiologists to dedicate more time to patient care.

• In July 2024, Rayus Radiology partnered with AI startup Ezra to introduce whole-body MRI services in Seattle, aiming to detect early-stage cancers and over 500 other conditions across 13 organs. This collaboration addresses the growing demand for comprehensive disease monitoring.

• In April 2024, Ezra Health partnered with RAYUS Radiology to offer AI-enabled full-body MRI scans at 150 RAYUS locations across the U.S. Ezra's technology monitors for over 500 conditions in 13 organs, aiming to detect diseases early. Their Ezra Flash software, FDA-approved in 2023, enhances MRI efficiency and image quality.

• In February 2023, Radnet, Inc. introduced an enhanced breast cancer detection program in New Jersey and New York. This imaging service network will benefit patients with an enhanced screening mammography service for cancer detection.

U.S. Imaging Services Market Report Scope

U.S. Imaging Services Market Report Segmentation

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. imaging services market report based on modality and end-use:

• Modality Outlook (Revenue, USD Billion, 2018 - 2030)

  • X-rays

  • CT scans

  • Nuclear medicine scans

  • MRI scans

  • Ultrasound

  • Mammography

• End-use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Hospitals

  • Diagnostic imaging centers

  • Others