GITNUX MARKETDATA REPORT 2024

Radiology Services Industry Statistics

Radiology services industry statistics typically encompass information on procedures performed, revenue generated, utilization rates, and technological advancements within the sector.

Statistic 1

"There are approximately 30,000 radiologists active in the United States."

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Statistic 2

"From 2012 to 2017, the employment figures within the radiology industry grew at an average annual rate of 3.5%."

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Statistic 3

"The global radiology services market size was valued at USD 8.93 billion in 2020."

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Statistic 4

"The radiology services market in North America is estimated to grow at a CAGR of 9.2% from 2020 to 2027."

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Statistic 5

"There is an expectation that AI supported radiology services could help manage 75%-90% of all diagnostic imaging."

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Statistic 6

"Around 42% of radiologists experience burnout and high stress levels."

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Statistic 7

"In 2018, the total revenue of the radiology industry in the US stood at around $18 billion."

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Statistic 8

"The Radiology Services Market is valued at $8.6 billion in 2020, expected to reach $11.9 billion by 2025, and a CAGR of 6.6% during 2020-2025."

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Statistic 9

"The USA has the highest number of MRI examinations which is approaching 40 million per year."

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Statistic 10

"In 2019, hospital/clinic end-use segment accounted for a larger share which is about 60% of the radiology services market."

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Statistic 11

"The American College of Radiology represents more than 38,000 radiologists, radiation oncologists, and medical physicists."

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Statistic 12

"About 75% of hospitals outsource reading of at least some radiologic studies."

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Statistic 13

"Reimbursement rates in the industry dropped by 15% in 2017 and are expected to decrease by another 22% in the coming years."

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Statistic 14

"The Radiology Information System (RIS) market size was estimated at USD 589.9 million in 2016."

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Statistic 15

"The average annual salary for Radiologists in the United States was $420,000 in 2020, a slight increase from the previous year."

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Statistic 16

"A volume of approximately 3.6 billion diagnostic tests are performed in the US annually."

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Statistic 17

"The global AI in radiology market was valued at $21.4 million in 2018 and is expected to reach $181.1 million by 2026."

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Statistic 18

"Teleradiology is expected to reach USD 4,345.0 million in 2020 from USD 2,694.1 million in 2015, growing at a CAGR of 10.1%."

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