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U.S. Diagnostic Imaging Centers: An Industry Analysis

Posted by sonikashukla98 on August 24th, 2019

This analysis examines the .5 billion Diagnostic Imaging Centers sector. 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 public publicly-owned company that operates a chain of imaging centers, RadNet, with 5 million in sales.

Several positive factors are impacting this industry. The U.S. is the largest medical imaging market globally due to the high disposable income of consumers. The launch of new innovative 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, since the elderly population is more prone to chronic diseases.

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U.S. Diagnostic Imaging Centers - Bharat Book Bureau.jpg

This new study examines the nature of the industry, types of imaging equipment used, national receipts/growth from 2002 to 2023 forecast, healthcare demand factors, key industry trends, industry structure and operating ratios (national and state Census data for establishments and firms), top companies market share, insurance/ Medicare reimbursement trends and more.

Competitor Profiles provided for: RadNet, Center for Diagnostic Imaging, MedQuest Associates, SimonMed/Dignity Health, Touchstone Imaging and Outpatient Imaging Affiliates.

Report Scope and Methodology
Sources and methodology used for the report, report scope. 1-4

Nature & Structure of the Industry 5-27
Definition and number of diagnostic imaging centers in the U.S. worldwide
Main types of imaging equipment and services: X-rays, CT scans, ultrasound, PET Scans, MRIs
Discussion of Diagnostic Imaging Modalities (MRI, CT, PET, nuclear medicine, X-ray, ultrasound, mammography, fluoroscopy)
Industry structure: key metrics: no. of facilities, receipts, annual payroll, no. of employees, avg. receipts per facility – 2002, 2007, 2012, 2016. Freestanding outpatient facilities, those based in hospitals, mobile imaging.
Discussion of industry consolidation’s effects, discussion of CMS reimbursement cuts
Factors affecting demand for diagnostic imaging services (aging population, technology, early disease diagnosis, the economy)
Major industry trends and issues: aging of U.S. population, new applications for imaging technology, broader physician and payor acceptance of the use of imaging, increased consumer awareness of and demand for preventive diagnostic screening, Hybrid Imaging Technology, Contrast Agents in Diagnostic Imaging, Automated CT Scanners
Diagnostic Imaging Centers Operating Models & Strategy
Major Competitors list: imaging companies and equipment manufacturers, major
product segments
Discussion of consumer concerns about over-use of imaging procedures
Staffing: job outlook and annual salary for Radiologic and MRI Technologists, Nuclear Medicine Technologists.

– Diagnostic Imaging Centers Industry Snapshot: 2016, 2012, 2007, 2002

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