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

What is the Anticipated CAGR of the Medical Imaging Equipment Market, and What Factors Will Drive It?

The scale of the medical imaging equipment market has seen robust growth in the past years. The market, which stood at $45.75 billion in 2024, is forecasted to rise to $48.89 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. This growth during the historic timeframe is a result of factors such as the increase in the elderly population, higher disease prevalence, governmental initiatives, enhanced awareness and the integration of AI.

The market size of medical imaging equipment is projected to experience considerable expansion in the coming years, increasing to $60.89 billion in 2029 at a CAGR of 5.6%. The predicted growth within the forecast period can be associated with the rise in personalized medicine, enhanced remote patient monitoring, emerging markets growth, value-based healthcare systems, and precision medicine advancements. Key trends expected during this period comprise the integration of digital health, innovative imaging modalities, technological progress, the integration of telemedicine, and the portability and convenience of point-of-care imaging.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=14429&type=smp

What Are the Major Market Drivers Behind the Rising Adoption of Medical Imaging Equipment Market?

The increasing occurrence of chronic conditions is anticipated to spur the expansion of the medical imaging equipment market. Chronic diseases, characterized by their slow progression and long duration, often lasting for years or a lifetime, arise from changes in lifestyle, genetic predispositions, and aging demographics. Medical imaging equipment assists patients with chronic diseases by enabling early detection, precise diagnosis, custom treatment planning, consistent monitoring of disease progression, and response to treatment. For example, the World Health Organization, a Switzerland-based specialized agency of the United Nations, reported in September 2022 that there were 41 million deaths, or 74% of total deaths, from non-communicable diseases (NCDs) or chronic diseases globally. These included 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Hence, the escalating prevalence of chronic diseases fuels the growth of the medical imaging equipment market.

Which Key Market Segments Comprise the Medical Imaging Equipment Market and Drive Its Revenue Growth?

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

1) By Equipment: Computed Tomography, X-Ray Systems, Magnetic Resonance Imaging (MRI) Systems, Ultrasound Systems, Nuclear Imaging Equipment, Mammography Equipment, Contrast Media Injectors, C-Arms And Fluoroscopy Device

2) By Modality: Stand-Alone Devices, Portable Devices, Hand-Held Devices

3) By Application: Cardiology, Neurology, Orthopedics, Gynecology, Oncology, Other Applications

4) By End-User: Diagnostic Imaging Centers, Ambulatory Surgical Centers, Specialty Clinics, Research Institutes

Subsegments:

1) By Computed Tomography (CT) Systems: Stationary CT Scanners, Portable Or Handheld CT Scanners

2) By X-Ray Systems: Analog X-Ray Systems, Digital X-Ray Systems, Fluoroscopy X-Ray Systems

3) By Magnetic Resonance Imaging (MRI) Systems: Closed MRI Systems, Open MRI Systems, Extremity MRI Systems

4) By Ultrasound Systems: Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems, Portable Ultrasound Systems

5) By Nuclear Imaging Equipment: Single Photon Emission Computed Tomography (SPECT), Positron Emission Tomography (PET) Scanners, Hybrid PET Or CT Scanners

6) By Mammography Equipment: Analog Mammography Systems, Digital Mammography Systems, 3D Tomosynthesis Mammography Systems

7) By Contrast Media Injectors: CT Contrast Media Injectors, MRI Contrast Media Injectors, PET Or CT Contrast Media Injectors

8) By C-Arms And Fluoroscopy Devices: Mobile C-Arms, Mini C-Arms, Fixed C-Arms, Fluoroscopy Systems

Request customized data on this market:

https://www.thebusinessresearchcompany.com/customise?id=14429&type=smp

Which Areas Are Leading Regions in the Medical Imaging Equipment Market Expansion Across the Globe?

Asia-Pacific was the largest region in the medical imaging equipment market in 2024. The regions covered in the medical imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Strategic Trends Steering theMedical Imaging Equipment Market Direction?

Leading enterprises in the medical imaging equipment sector are focusing on creating advanced products such as Exo Iris, their latest medical imaging device. This device utilizes real-time artificial intelligence (AI) technology, such as SweepAI, to automatically obtain vital images, thereby reducing reliance on operator abilities and providing accurate and consistent imaging. For example, Exo, a medical imaging startup from the U.S., introduced in September 2023, its latest imaging device, Exo Iris. Created to be cost-effective, compact, and user-friendly, it targets a broad range of healthcare providers, from physicians, nurses, and EMTs, to clinicians operating in emergency, acute care, outpatient, and home-care environments. It also boasts features like an ultra-wide field of view for capturing up to 150 degrees, allowing caregivers to image an entire liver or a full-body fetus in a single view. The device is also paired with Exo Works, a point-of-care ultrasound workflow solution, for easy documentation and review of exams from anywhere in moments.

View the full report here:

https://www.thebusinessresearchcompany.com/report/medical-imaging-equipment-global-market-report

How Is the Medical Imaging Equipment Market Conceptually Defined?

Medical imaging equipment refers to a broad category of devices and technologies used in the field of medicine to visualize the internal structures and functions of the body. It enhances patient care by enabling accurate diagnosis, personalized treatment planning, and effective monitoring of health conditions.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14429

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model