Leading Radiology Forward slide image

Leading Radiology Forward

Diagnostic Imaging: A Large and Growing Market Diagnostic Imaging Procedure Volume (1) 730 712 695 678 663 648 635 622 608 596 2.7% 2.4% 2.5% 1.8% 1.9% 2.1% 2.1% - 2.2% 2.3% - 2.5% US Imaging Centers (by State and Region, 2013) Rocky Mountain 434 North Central 365 Great Lakes 969 20 New England 344 138 13 O 10 12 61 Mid- Atlantic 434 28 93 33 11 58 522 128 O 11 O 195 49 • 33 . 378 36 Pacific 925 124 320 30 265 131 278 € 94 689 • 139 56 57 • 124 8 O 79 • 166 172 20 26 80 121 47 O 182 93 48 106 184 • • 545 92 Puerto Rico 14 C Virgin Islands 1 C 627 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 ● Indicates decline in number of imaging centers Growth Rate O Indicates no change in number of centers I Annual Imaging Procedures (mm) National imaging market is estimated to be over $100 billion • Approx. 40% is non-hospital imaging (i.e., freestanding centers - like RadNet and imaging completed within doctor offices). • Approx. 60% imaging occurs within hospitals. • More expensive for patients and their insurance companies • Inferior service • More difficult access and parking • Often no sub-specialized radiologist readers 22 Total: 6,816 Industry remains highly fragmented; vast number of mom-and-pops and hospitals . Believed to be over 6,000 imaging locations across the U.S. • Number peaked in 2012 and has been declining • RadNet has a meaningful, non-hospital based market share within its geographies. 1. Source: Frost and Sullivan RadNet. Leading Radiology Forward 8
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