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Medical imaging is the economic artery of modern diagnostics, with AI-driven advancements prompting clinicians to rethink how they interpret scans. For instance, the global medical imaging AI market 1 is projected to expand eightfold by 2030, reaching an estimated $8.18 Ravinder Singh.
Market disruptors, such as relaxing scope of practice guardrails on nonphysician practitioners, AI regulatory change, and allowing and reimbursing overseas imaginginterpretation could pose a threat to radiologists' salaries , which historically have been the highest paid among medical specialists, according to Rubin.
This trend has led to increased utilization of outpatient imaging and teleradiology services. By the NuMbers Diagnostic imaging is becoming increasingly crucial in healthcare, with the market projected to reach $31.9bn in 2023 and grow at a 4.8% CAGR to $45.8bn in 2030.
This encompasses 120 million diagnostic X-rays, 91 million CT scans, 42 million MRIs, and 40 million ultrasounds -- numbers that continue to rise at a compound annual growth rate (CAGR) of roughly 4.2% (range 3%-5%, all imaging; 5%-10%, overnight/ER imaging). However, which side of this CAGR range will prevail is far from certain.
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