Medical Imaging Equipment Market Size to Exceed $60.89 Billion by 2029 | Growth and Industry Trends
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#How Has the Medical Imaging Equipment Market Grown from 2024 to 2025?#_x000D_
Recently, the market size of medical imaging equipment has experienced significant growth. It is projected to escalate from a valuation of $45.75 billion in 2024 to a worth of $48.89 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to growth during the historic period include a surge in the aging population, an increase in disease prevalence, governmental endeavors, heightened awareness, and the incorporation of AI._x000D_
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#What Growth Rate Is Anticipated for the Medical Imaging Equipment Market in the Coming Years?#_x000D_
In the upcoming years, the market size for medical imaging equipment is anticipated to experience robust growth. The market is projected to expand to $60.89 billion by 2029, with a compound annual growth rate (CAGR) of 5.6%. This growth during the forecast period may be as a result of factors such as the rise in personalized medicine, more extensive remote patient monitoring, growth of emerging markets, shift towards value-based healthcare, and the increase in precision medicine. The forecast period is also expected to witness significant trends such as the integration of digital health, the introduction of innovative imaging modalities, advancements in technology, telemedicine integration, and the emergence of portable and point-of-care imaging._x000D_
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#Who Are the Leading Companies in the Medical Imaging Equipment Market?#_x000D_
Major companies operating in the medical imaging equipment market are Medtronic plc., Siemens Healthineers, Fujifilm Medical Systems, Philips Healthcare, Stryker Corporation, GE Healthcare, Analogic Corporation, EIZO Corporation, Terumo Corporation, Mindray Medical International Limited, Hologic Inc., Shimadzu Corporation, PerkinElmer Inc., Carestream Health, Barco NV, Varian Medical Systems Inc., Esaote S.p.A., Samsung Medison Co. Ltd., Canon Medical Systems Corporation, Hitachi Healthcare Ltd., Planmed Oyj, Misonix Inc., Nano X Imaging Ltd., InnoScan Inc_x000D_
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#What Are the Key Drivers of the Medical Imaging Equipment Market?#_x000D_
The escalation in chronic disease rates is anticipated to foster the expansion of the medical imaging equipment market in the future. Chronic diseases are enduring conditions that typically evolve slowly over time and linger for prolonged periods, often lasting years or even a lifetime. They are spawned by shifting lifestyles, genetic predispositions, and aging populations. Medical imaging equipment plays a critical role for patients with chronic diseases, aiding in early detection, exact diagnosis, personalized treatment strategies, and continuous monitoring of disease progression and response to treatment. For example, in September 2022, the World Health Organization, a specialized agency of the United Nations based in Switzerland, reported 41 million deaths, with a staggering 74% of these deaths attributed to non-communicable diseases (NCDs) – another term for chronic diseases, on a global scale every year. Included in these statistics were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Consequently, the escalating prevalence of chronic diseases is fueling the growth of the medical imaging equipment market._x000D_
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#What Are the Key Market Segments in the Medical Imaging Equipment Industry?#_x000D_
The medical imaging equipment market covered in this report is segmented –_x000D_
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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_x000D_
2) By Modality: Stand-Alone Devices, Portable Devices, Hand-Held Devices_x000D_
3) By Application: Cardiology, Neurology, Orthopedics, Gynecology, Oncology, Other Applications_x000D_
4) By End-User: Diagnostic Imaging Centers, Ambulatory Surgical Centers, Specialty Clinics, Research Institutes_x000D_
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Subsegments:_x000D_
1) By Computed Tomography (CT) Systems: Stationary CT Scanners, Portable Or Handheld CT Scanners_x000D_
2) By X-Ray Systems: Analog X-Ray Systems, Digital X-Ray Systems, Fluoroscopy X-Ray Systems_x000D_
3) By Magnetic Resonance Imaging (MRI) Systems: Closed MRI Systems, Open MRI Systems, Extremity MRI Systems_x000D_
4) By Ultrasound Systems: Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems, Portable Ultrasound Systems_x000D_
5) By Nuclear Imaging Equipment: Single Photon Emission Computed Tomography (SPECT), Positron Emission Tomography (PET) Scanners, Hybrid PET Or CT Scanners_x000D_
6) By Mammography Equipment: Analog Mammography Systems, Digital Mammography Systems, 3D Tomosynthesis Mammography Systems_x000D_
7) By Contrast Media Injectors: CT Contrast Media Injectors, MRI Contrast Media Injectors, PET Or CT Contrast Media Injectors_x000D_
8) By C-Arms And Fluoroscopy Devices: Mobile C-Arms, Mini C-Arms, Fixed C-Arms, Fluoroscopy Systems_x000D_
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#What Are the Latest Trends in the Medical Imaging Equipment Market?#_x000D_
Primary organizations in the medical imaging equipment market, such as Exo, are focusing on developing cutting-edge products like Exo Iris, their latest medical imaging machine. It features real-time AI technology, including SweepAI, that efficiently captures important images, thus ensuring a steady and accurate imaging process, and reducing the need for manual operator proficiency. In September 2023, Exo Iris was introduced by Exo, a medical imaging start-up based in the US. Created with affordability and compactness in mind, this device is user-friendly, making it ideal for various caregivers including doctors, nurses, EMTs, and clinicians in emergency, outpatient, acute care, and home-based scenarios. This medical tool comes with an ultra-wide imaging scope up to 150 degrees, which allows caregivers to view an entire liver or complete fetus in just one image. Exo Iris is additionally equipped with Exo Works, a comprehensive ultrasonic workflow solution for point-of-care, which enables quick documentation and review of medical exams from any location._x000D_
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#What Are the Key Regional Markets in the Medical Imaging Equipment Industry?#_x000D_
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._x000D_
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#This Report Delivers Insight On: #_x000D_
1. How big is the medical imaging equipment market, and how is it changing globally?_x000D_
2. Who are the major companies in the medical imaging equipment market, and how are they performing?_x000D_
3. What are the key opportunities and risks in the medical imaging equipment market right now?_x000D_
4. Which products or customer segments are growing the most in the medical imaging equipment market?_x000D_
5. What factors are helping or slowing down the growth of the medical imaging equipment market?_x000D_
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