U.S. Independent Diagnostic Testing Facility Market Size, Share & Trends Analysis Report By Service (Radiology/Imaging Services, Cardiac Monitoring Services, Sleep Studies), And Segment Forecasts, 2023 - 2030
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U.S. Independent Diagnostic Testing Facility Market Growth & Trends
The U.S. independent diagnostic testing facility market size is expected to reach USD 4.8 billion by 2030, expanding at a CAGR of 4.52% from 2023 to 2030, based on a new report by Grand View Research, Inc. Growing prevalence of target diseases such as cardiovascular diseases coupled with rising demand for early disease detection and monitoring diagnostic tests are expected to drive the market growth.
Furthermore, rising awareness among patients regarding the early detection of diseases is anticipated to favor market growth. The lower cost of performing diagnostic procedures at independent diagnostic testing facilities (IDTFs) has shifted patient volumes from hospitals to IDTFs. The site-neutral payment policies from CMS private payors in recent times have boosted the demand for imaging volumes to the IDTFs.
The COVID-19 pandemic has significantly impacted the independent diagnostic testing facilities market during the initial period, owing to the closure of services and the sharp decline in patient volumes due to stringent regulations. Post-pandemic patients are shifting from hospital settings to outpatient settings for diagnosis with the demand for imaging diagnostics services, contributing to the growth of the market.
U.S. Independent Diagnostic Testing Facility Market Report Highlights
U.S. Independent Diagnostic Testing Facility Market Growth & Trends
The U.S. independent diagnostic testing facility market size is expected to reach USD 4.8 billion by 2030, expanding at a CAGR of 4.52% from 2023 to 2030, based on a new report by Grand View Research, Inc. Growing prevalence of target diseases such as cardiovascular diseases coupled with rising demand for early disease detection and monitoring diagnostic tests are expected to drive the market growth.
Furthermore, rising awareness among patients regarding the early detection of diseases is anticipated to favor market growth. The lower cost of performing diagnostic procedures at independent diagnostic testing facilities (IDTFs) has shifted patient volumes from hospitals to IDTFs. The site-neutral payment policies from CMS private payors in recent times have boosted the demand for imaging volumes to the IDTFs.
The COVID-19 pandemic has significantly impacted the independent diagnostic testing facilities market during the initial period, owing to the closure of services and the sharp decline in patient volumes due to stringent regulations. Post-pandemic patients are shifting from hospital settings to outpatient settings for diagnosis with the demand for imaging diagnostics services, contributing to the growth of the market.
U.S. Independent Diagnostic Testing Facility Market Report Highlights
- In 2022, the radiology/imaging service segment held the largest revenue share owing to the rising application of imaging modalities for the effective & early detection of disease
- The sleep studies segment is anticipated to witness significant growth over the forecast period owing to the rising awareness regarding the effects of shorter sleep and sleep disorders on health, with the rising prevalence of acute health disorders in the country
- The regulatory and reimbursement scenario for IDTFs is changing in the U.S. to allow IDTFs to provide services with less stringent regulations. For instance, in December 2021, the Centers for Medicare and Medicaid Services (CMS) exempted the IDTFs performing non-in-person, indirect tests from IDTF program integrity requirements mentioned in § 410.33(g)
- Mergers & acquisitions and product development are some of the key strategies the market players undertake. For instance, in February 2021, CB Scientific, Inc. entered into a definitive agreement to acquire New York-based Medicare-certified IDTF, Cardiolink Corporation.
CHAPTER 1 REPORT SCOPE AND OBJECTIVES
1.1 Market Segmentation & Scope
1.1.1 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.7 List Of Secondary Sources
1.8 List Of Abbreviations
1.9 Objectives
1.9.1 Objective
1.9.2 Objective
1.9.3 Objective
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Snapshot
2.2 Competitive Insights
CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.2 Key Country Dynamics
3.3 Market Dynamics
3.3.1 Market Driver Analysis
3.3.1.1 Increasing Demand For Healthcare Services From An Aging Population
3.3.1.2 Consumer Awareness Of And Demand For Preventive Diagnostic Testing
3.3.1.2 New Effective Applications For Diagnostic Imaging Technology
3.3.2 Market Restraint Analysis
3.3.2.1 Lack Of Skilled And Certified Professionals To Work In Medical Laboratories
3.3.2.2 High Operational Costs
3.4 Business Environment Analysis Tools
3.4.1 Porter’s Five Forces Analysis
3.4.1.1 Threat Of New Entrants
3.4.1.2 Bargaining Power Of Buyers
3.4.1.3 Competitive Rivalry
3.4.1.4 Threat Of Substitutes
3.4.1.5 Bargaining Power Of Suppliers
3.5 Penetration & Growth Prospect Mapping
3.6 Regulatory & Reimbursement Scenario
3.7 Impact Of COVID-19: Qualitative Analysis
CHAPTER 4 U.S. INDEPENDENT DIAGNOSTIC TESTING FACILITY (IDTF) MARKET: SERVICE ANALYSIS
4.1 U.S. Independent Diagnostic Testing Facility (IDTF) Service Market Share Analysis, 2022 & 2030
4.2 U.S. Independent Diagnostic Testing Facility (IDTF) Service Market: Segment Dashboard
4.3 Market Size & Forecasts And Trend Analysis, 2018 To 2030 For The Service Segment
4.3.1 Radiological/Imaging Services
4.3.1.1 Radiological / Imaging Services Market, 2018 - 2030 (USD Million)
4.3.1.2 X-Ray
4.3.1.2.1 X-Ray Market, 2018 - 2030 (USD Million)
4.3.1.3 Computed Tomography (CT)
4.3.1.3.1 Computed Tomography (CT) Market, 2018 - 2030 (USD Million)
4.3.1.4 Magnetic Resonance Angiography (MRA)
4.3.1.4.1 Magnetic Resonance Angiography (MRA) Market, 2018 - 2030 (USD Million)
4.3.1.5 Magnetic Resonance Imaging (MRI)
4.3.1.5.1 Magnetic Resonance Imaging (MRI) Market, 2018 - 2030 (USD Million)
4.3.1.6 Mammography
4.3.1.6.1 Mammography Market, 2018 - 2030 (USD Million)
4.3.1.7 Ultrasound
4.3.1.7.1 Ultrasound Market, 2018 - 2030 (USD Million)
4.3.1.8 Positron Emission Tomography (PET) Scan
4.3.1.8.1 Positron Emission Tomography (PET) Scan Market, 2018 - 2030 (USD Million)
4.3.2 Sleep Studies
4.3.2.1 Sleep Studies Market, 2018 - 2030 (USD Million)
4.3.3 Cardiac Monitoring Services
4.3.3.1 Cardiac Monitoring Services Market, 2018 - 2030 (USD Million)
CHAPTER 5 COMPETITIVE LANDSCAPE
5.1 Market Participants Overview
5.2 Financial Performance
5.3 Company Market Position Analysis/ Company Categorization
5.4 Strategy Mapping
5.5 Companies Profiled
5.5.1 Equimed Corporation
5.5.2 Vitalistics
5.5.3 Breathe
5.5.4 Texas Mri
5.5.5 The Brookwood Diagnostic Center
5.5.6 Acs Diagnostics, Inc.
5.5.7 Houston Mri & Diagnostic Imaging
5.5.8 Testsmarter Inc.
5.5.9 Duke University And Duke University Health System
5.5.10 Covenant Health Diagnostics
5.5.11 ALIVECOR, INC.
5.5.12 Advanced Cardio Services
5.5.13 Diagnostic Medical Testing Inc.
5.5.14 K & T Diagnostic, Inc.
5.5.15 Vestavia Diagnostic Center (Vdc)
5.5.16 Advanced Imaging Center
5.5.17 Radnet, Inc.
1.1 Market Segmentation & Scope
1.1.1 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.7 List Of Secondary Sources
1.8 List Of Abbreviations
1.9 Objectives
1.9.1 Objective
1.9.2 Objective
1.9.3 Objective
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Snapshot
2.2 Competitive Insights
CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.2 Key Country Dynamics
3.3 Market Dynamics
3.3.1 Market Driver Analysis
3.3.1.1 Increasing Demand For Healthcare Services From An Aging Population
3.3.1.2 Consumer Awareness Of And Demand For Preventive Diagnostic Testing
3.3.1.2 New Effective Applications For Diagnostic Imaging Technology
3.3.2 Market Restraint Analysis
3.3.2.1 Lack Of Skilled And Certified Professionals To Work In Medical Laboratories
3.3.2.2 High Operational Costs
3.4 Business Environment Analysis Tools
3.4.1 Porter’s Five Forces Analysis
3.4.1.1 Threat Of New Entrants
3.4.1.2 Bargaining Power Of Buyers
3.4.1.3 Competitive Rivalry
3.4.1.4 Threat Of Substitutes
3.4.1.5 Bargaining Power Of Suppliers
3.5 Penetration & Growth Prospect Mapping
3.6 Regulatory & Reimbursement Scenario
3.7 Impact Of COVID-19: Qualitative Analysis
CHAPTER 4 U.S. INDEPENDENT DIAGNOSTIC TESTING FACILITY (IDTF) MARKET: SERVICE ANALYSIS
4.1 U.S. Independent Diagnostic Testing Facility (IDTF) Service Market Share Analysis, 2022 & 2030
4.2 U.S. Independent Diagnostic Testing Facility (IDTF) Service Market: Segment Dashboard
4.3 Market Size & Forecasts And Trend Analysis, 2018 To 2030 For The Service Segment
4.3.1 Radiological/Imaging Services
4.3.1.1 Radiological / Imaging Services Market, 2018 - 2030 (USD Million)
4.3.1.2 X-Ray
4.3.1.2.1 X-Ray Market, 2018 - 2030 (USD Million)
4.3.1.3 Computed Tomography (CT)
4.3.1.3.1 Computed Tomography (CT) Market, 2018 - 2030 (USD Million)
4.3.1.4 Magnetic Resonance Angiography (MRA)
4.3.1.4.1 Magnetic Resonance Angiography (MRA) Market, 2018 - 2030 (USD Million)
4.3.1.5 Magnetic Resonance Imaging (MRI)
4.3.1.5.1 Magnetic Resonance Imaging (MRI) Market, 2018 - 2030 (USD Million)
4.3.1.6 Mammography
4.3.1.6.1 Mammography Market, 2018 - 2030 (USD Million)
4.3.1.7 Ultrasound
4.3.1.7.1 Ultrasound Market, 2018 - 2030 (USD Million)
4.3.1.8 Positron Emission Tomography (PET) Scan
4.3.1.8.1 Positron Emission Tomography (PET) Scan Market, 2018 - 2030 (USD Million)
4.3.2 Sleep Studies
4.3.2.1 Sleep Studies Market, 2018 - 2030 (USD Million)
4.3.3 Cardiac Monitoring Services
4.3.3.1 Cardiac Monitoring Services Market, 2018 - 2030 (USD Million)
CHAPTER 5 COMPETITIVE LANDSCAPE
5.1 Market Participants Overview
5.2 Financial Performance
5.3 Company Market Position Analysis/ Company Categorization
5.4 Strategy Mapping
5.5 Companies Profiled
5.5.1 Equimed Corporation
5.5.2 Vitalistics
5.5.3 Breathe
5.5.4 Texas Mri
5.5.5 The Brookwood Diagnostic Center
5.5.6 Acs Diagnostics, Inc.
5.5.7 Houston Mri & Diagnostic Imaging
5.5.8 Testsmarter Inc.
5.5.9 Duke University And Duke University Health System
5.5.10 Covenant Health Diagnostics
5.5.11 ALIVECOR, INC.
5.5.12 Advanced Cardio Services
5.5.13 Diagnostic Medical Testing Inc.
5.5.14 K & T Diagnostic, Inc.
5.5.15 Vestavia Diagnostic Center (Vdc)
5.5.16 Advanced Imaging Center
5.5.17 Radnet, Inc.
LIST OF TABLES
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 U.S. Independent Diagnostic Testing Facility Market, By Service, 2018 - 2030 (USD Million)
Table 4 U.S. Independent Diagnostic Testing Facility Market, By Radiology/ Imaging Services, 2018 - 2030 (USD Million)
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 U.S. Independent Diagnostic Testing Facility Market, By Service, 2018 - 2030 (USD Million)
Table 4 U.S. Independent Diagnostic Testing Facility Market, By Radiology/ Imaging Services, 2018 - 2030 (USD Million)
LIST OF FIGURES
Fig. 1 U.S. Independent Diagnostic Testing Facility (IDTF) market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market snapshot
Fig. 10 Competitive landscape
Fig. 11 U.S. Independent Diagnostic Testing Facility (IDTF) market trends & outlook
Fig. 12 Market driver relevance analysis (Current & future impact)
Fig. 13 Market restraint relevance analysis (Current & future impact)
Fig. 14 Penetration & growth prospect mapping
Fig. 15 U.S. Independent Diagnostic Testing Facility (IDTF) market: Service movement share analysis, (USD Million)
Fig. 16 U.S Independent Diagnostic Testing Facility (IDTF) service market: Segment dashboard
Fig. 17 Radiology/Imaging testing market, 2018 - 2030 (USD Million)
Fig. 18 X-Ray market, 2018 - 2030 (USD Million)
Fig. 19 Computed Tomography (CT) market, 2018 - 2030 (USD Million)
Fig. 20 Magnetic Resonance Angiography (MRA) market, 2018 - 2030 (USD Million)
Fig. 21 Magnetic Resonance Imaging (MRI) market, 2018 - 2030 (USD Million)
Fig. 22 Mammography market, 2018 - 2030 (USD Million)
Fig. 23 Ultrasound market, 2018 - 2030 (USD Million)
Fig. 24 Positron Emission Tomography (PET) Scan. 2018 - 2030 (USD Million)
Fig. 25 Sleep studies market, 2018 - 2030 (USD Million)
Fig. 26 Cardiac monitoring services market, 2018 - 2030 (USD Million)
Fig. 27 Competition categorization
Fig. 28 Company market position analysis
Fig. 1 U.S. Independent Diagnostic Testing Facility (IDTF) market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market snapshot
Fig. 10 Competitive landscape
Fig. 11 U.S. Independent Diagnostic Testing Facility (IDTF) market trends & outlook
Fig. 12 Market driver relevance analysis (Current & future impact)
Fig. 13 Market restraint relevance analysis (Current & future impact)
Fig. 14 Penetration & growth prospect mapping
Fig. 15 U.S. Independent Diagnostic Testing Facility (IDTF) market: Service movement share analysis, (USD Million)
Fig. 16 U.S Independent Diagnostic Testing Facility (IDTF) service market: Segment dashboard
Fig. 17 Radiology/Imaging testing market, 2018 - 2030 (USD Million)
Fig. 18 X-Ray market, 2018 - 2030 (USD Million)
Fig. 19 Computed Tomography (CT) market, 2018 - 2030 (USD Million)
Fig. 20 Magnetic Resonance Angiography (MRA) market, 2018 - 2030 (USD Million)
Fig. 21 Magnetic Resonance Imaging (MRI) market, 2018 - 2030 (USD Million)
Fig. 22 Mammography market, 2018 - 2030 (USD Million)
Fig. 23 Ultrasound market, 2018 - 2030 (USD Million)
Fig. 24 Positron Emission Tomography (PET) Scan. 2018 - 2030 (USD Million)
Fig. 25 Sleep studies market, 2018 - 2030 (USD Million)
Fig. 26 Cardiac monitoring services market, 2018 - 2030 (USD Million)
Fig. 27 Competition categorization
Fig. 28 Company market position analysis
