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Radiologists in the US Industry Data and Analysis
Radiologists are an integral part of the medical sector, aiding in diagnosing and treating various cancers and diseases alongside soft tissue, dental and orthopedic issues. Radiology is essential in most professional diagnoses. Radiologists primarily administer X-rays, CT scans, MRIs, ultrasounds and mammograms. The medical sector faced unprecedented volatility during the COVID-19 pandemic as healthcare facilities shifted all available resources to treating the pandemic. This trend left patients and hospitals postponing non-vital scans and procedures, limiting demand for radiological services. Even so, many businesses remained afloat and rode postponed demand to robust growth through the current period. Overall, revenue climbed at an expected CAGR of 1.1% to $20.2 billion through the current period, including a 0.9% jump in 2024, where profit reached 14.4%.
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What's included in this industry analysis
IBISWorld's research coverage on the Radiologists industry in the United States includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released January 2024.
About this industry
What's this industry report about?
The Radiologists industry in the United States operates under the NAICS industry code OD6428. Radiologists commonly diagnose and assist in treating conditions using imaging technology, including X-rays, CT scans, MRIs, mammograms and other imaging techniques. Radiologists often assist hospitals and other medical specialties. Related terms covered in the Radiologists industry in the United States include radiologist, ultrasound and ct scan.
What's included in this industry?
Products and services covered in Radiologists industry in the United States include X-rays, CT scans and MRI scans.
What companies are included in this industry?
The Radiologists industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Radiologists industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Radiologists industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Radiologists industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Radiologists industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Radiologists industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Radiologists industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Radiologists industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Radiologists industry in the United States.
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Frequently Asked Questions
What is the market size of the Radiologists industry in the United States in 2026?
The market size of the Radiologists industry in the United States is $20.2bn in 2026.
How many businesses are there in the Radiologists industry in the United States in 2024?
There are 11,162 businesses in the Radiologists industry in the United States, which has declined at a CAGR of 0.9 % between 2019 and 2024.
Has the Radiologists industry in the United States grown or declined over the past 5 years?
The market size of the Radiologists industry in the United States has been growing at a CAGR of 1.1 % between 2019 and 2024.
What is the forecast growth of the Radiologists industry in the United States over the next 5 years?
Over the next five years, the Radiologists industry in the United States is expected to grow.
What does the Radiologists industry in the United States include?
Performing X-rays and CT scans and Diagnosing conditions using imaging technology are part of the Radiologists industry in the United States.
How competitive is the Radiologists industry in the United States?
The level of competition is high and steady in the Radiologists industry in the United States.
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