The U.S. diagnostic imaging services market is projected to grow from $130.38 billion in 2023 to $206.84 billion by 2030, at a CAGR of 6.8%
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“RESTRAINING FACTORS
Shortage of Skilled Workforce Affecting the Penetration of Diagnostic Imaging to Restrict Market Growth
One of the major factors limiting the U.S. market growth is the shortage of a skilled workforce. As per the result of the AAMC public opinion survey, in 2019, around 35.0% of Americans reported that they had difficulty finding doctors from the past three years before the pandemic. In comparison to 2015, this represented an increase of 10.0%. The major reason for this shortage is physical retirement and a surge in the accessibility to healthcare.
However, based on the AAMC, enrollments in medical schools have increased by 30.0% since 2002. But the acceptance rates are still low, and selective medical schools such as Harvard accept only 3.8% of the applicants. The average medical school acceptance rate is around 7.0%. Thus, the shortage of skilled workforce seems to be the biggest restraint in the growth of the number of diagnostic imaging procedures being conducted in the U.S. Furthermore, concerns regarding the side effects of
medical imagingprocedures are expected to restrain the market growth.”
“Fortune Business Insights says that the U.S. market stood at USD 122.41 billion in 2022 and is projected to reach USD 206.84 billion by 2030.”