PUBLISHER: Grand View Research | PRODUCT CODE: 1632655
PUBLISHER: Grand View Research | PRODUCT CODE: 1632655
The global medical imaging outsourcing market size is estimated to reach USD 25.23 billion by 2030, registering to grow at a CAGR of 12.6% from 2025 to 2030 according to a new report by Grand View Research, Inc. Growing demand for early diagnosis of chronic diseases as well as improvement of the quality of care with rapid and precise reporting capabilities are propelling the market growth.
Radiology is increasingly being outsourced due to its complex operation, funding challenges, and interest expressed by radiologists and outside vendors. Challenge of labor shortage, continuous technological advancements, and increasing service expectations of customers facing declining reimbursement are factors that are propelling the hospitals to opt for outsourcing services.
Besides, the scary operational and functional challenges of transitioning radiology from analog to the digital world make funding and management of radiology even more challenging, which is more likely to create demand for diagnostic services.
Outsourcing diagnostic imaging services provide significant benefits to all the stakeholders, including service providers, patients, and reporting radiologists. The benefits include a considerable reduction in wait time for results and easy access to skilled radiologists. In U.S., 90% of radiology services are being outsourced. There are numerous other advantages in terms of speed, accuracy, and security that are compelling healthcare providers to embrace the outsourcing route.