Medical Equipment

Medical Imaging Growth Trajectory: Key Forecasts and Strategic Insights

May 27, 2025 by The Business Research Company

Discover trends, market shifts, and competitive outlooks for the medical imaging industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What Is the Current and Projected Market Size of the Medical Imaging Market Through 2034?#_x000D_

There has been a significant expansion in the size of the medical imaging market in the past few years. The market is expected to increase from $43.24 billion in 2024 to $45.75 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.8%. The development during the historical period can be linked to factors such as the growing incidence of chronic illnesses, an aging population, government actions and healthcare investments, improved awareness and early detection, and a surge in minimally invasive procedures._x000D_

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The market size of medical imaging is predicted to witness significant expansion in the upcoming years. The market is forecasted to rise to $59.3 billion by 2029, corresponding to a compound annual growth rate (CAGR) of 6.7%. Factors contributing to the growth in the projected period include the adoption of personalized medicine practices, the introduction of new modalities and hybrid imaging, worldwide health challenges and readiness, the integration with electronic health records (EHRs), and a focus on patient-centric care and experience. Noteworthy trends during the forecast period incorporate telemedicine and remote imaging, the integration of artificial intelligence (AI), technological advancements, progress in 3D and 4D imaging, and the growing utilization of portable and point-of-care imaging devices._x000D_

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#Which Factors and External Forces Are Driving Demand in the Medical Imaging Market?#_x000D_

Given the ongoing rise in the incidence of long-term medical conditions, experts anticipate a corresponding surge in the need for medical imaging in the near future. A chronic illness, which typically endures for more than three months, has the tendency to progressively worsen. The elderly population is particularly susceptible to such conditions, which can generally be controlled but not eradicated. Escalating instances of chronic illnesses hence drive the medical imaging market since these imaging methods prove crucial in identifying and diagnosing these conditions. To illustrate, NCBI (National Center for Biotechnology Information), an American National Library of Medicine, projected in January 2023 that individuals aged 50 and older with a minimum of one chronic disease will skyrocket by 99.5% by 2050, escalating from 71.522 million in 2020 to 142.66 million. As a result, the rise in chronic diseases is a major driver for the expansion of the medical imaging market._x000D_

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#Which Segments in the Medical Imaging Offer the Most Growth?#_x000D_

The medical imaging market covered in this report is segmented –_x000D_

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1) By Product: X-Ray Devices, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography, Nuclear Imaging, Mammography_x000D_

2) By Application: Obstetrics And Gynecology Health, Orthopedics And Musculoskeletal, Neuro And Spine, Cardiovascular And Thoracic, General Imaging, Oncology, Urology, Breast Health, Other Applications_x000D_

3) By End User: Hospitals, Specialty Clinics, Diagnostic Imaging Centers, Other End Users_x000D_

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Subsegments:_x000D_

1) By X-Ray Devices: Conventional X-Ray Systems, Digital Radiography Systems, Portable X-Ray Machines_x000D_

2) By Magnetic Resonance Imaging (MRI): Closed MRI Systems, Open MRI Systems, Functional MRI (fMRI)_x000D_

3) By Ultrasound: Diagnostic Ultrasound Systems, 3D/4D Ultrasound Systems, Portable Ultrasound Devices_x000D_

4) By Computed Tomography (CT): Spiral/Helical CT Scanners, Cone Beam CT Scanners, Multi-Slice CT Scanners_x000D_

5) By Nuclear Imaging: Positron Emission Tomography (PET) Scanners, Single Photon Emission Computed Tomography (SPECT) Scanners_x000D_

6) By Mammography: Digital Mammography Systems, 3D Tomosynthesis Mammography Systems, Screening and Diagnostic Mammography Systems_x000D_

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#What Are the Fastest-Growing Geographies in the #Which Factors and External Forces Are Driving Demand in the Medical Imaging Market?# Market?#_x000D_

North America was the largest region in the medical device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global medical imaging market report during the forecast period. The regions covered in the medical imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_

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#Which Cutting-Edge Market Trends Are Expected to Drive theMedical Imaging Market’s Growth?#_x000D_

In the field of medical imaging, top corporations like Siemens Healthcare from Germany prioritize the evolution of technological advancements such as mobile connectivity to facilitate remote specialists in scanning and diagnostic assistance. This allows health experts to control MRI scans, access patient data, and get notifications regarding scanning statuses or emergencies from remote locations. For instance, Siemens Healthcare unveiled Magnetom Viato.Mobile, a new mobile MRI scanner, in November 2022. This innovative MRI scanner is designed for mobile utility, providing outstanding flexibility with its 70-centimeter patient bore and trailer setup. Moreover, it permits health specialists to manage scans and maintenance from afar, thereby reducing the need for local staff. This new scanner can be operated remotely, supporting usage in diverse locations using fixed internet or 4G. Given these features, the consumption of this scanner in various locations is eased._x000D_

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#What Are the Key Elements That Define the Medical Imaging Market?#_x000D_

Medical imaging comprises a variety of technologies and devices that are used to create images of body parts to identify, observe, or treat medical disorders. Each technology type provides distinct information on the part of the body being investigated or treated, concerning potential illness, damage, or the efficacy of medical care._x000D_

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