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
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