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Medical Imaging Equipment Market Size Forecast: How Big Could The Market Get By 2030?
The medical imaging equipment market has experienced robust expansion over the past few years. It will grow from $48.52 billion in 2025 to $51.23 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. This historical expansion can be attributed to the increasing prevalence of chronic diseases, the expansion of diagnostic imaging centers, a rising demand for early disease detection, growing investments in healthcare infrastructure, and advancements in imaging technologies.
The medical imaging equipment market is projected to experience substantial expansion in the coming years. It is anticipated to grow to $63.5 billion in 2030, achieving a compound annual growth rate (CAGR) of 5.5%. This growth throughout the forecast period can be attributed to the increasing adoption of AI-powered diagnostics, a rising demand for point-of-care imaging, the expansion of value-based healthcare models, growing investments in advanced imaging technologies, and an increasing focus on personalized medicine. Major trends anticipated during this period include the increasing adoption of AI-assisted image analysis, a rising demand for portable and handheld imaging devices, the growing integration of multi-modality imaging systems, the expansion of precision and personalized diagnostic imaging, and an enhanced focus on workflow automation and imaging accuracy.
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Medical Imaging Equipment Market Expansion Drivers: What’s Shaping Future Growth?
The expanding occurrence of chronic illnesses is anticipated to fuel the future expansion of the medical imaging equipment market. These are enduring health issues that usually advance gradually and persist for prolonged durations, frequently spanning years or even an entire lifespan. Their emergence is linked to evolving lifestyles, inherited susceptibilities, and an increasing elderly demographic. Medical imaging technology aids individuals afflicted with chronic conditions through enabling prompt detection, precise diagnosis, customized therapeutic strategies, and continuous observation of disease advancement and treatment efficacy. As an illustration, data from April 2025, provided by the Centers for Disease Control and Prevention, a US federal agency, shows that the proportion of adults with at least one chronic condition increased to 76.4% in 2023, escalating from 59.5% among young adults to 93.0% in older adults. Concurrently, the incidence of multiple chronic conditions climbed to 51.4% in 2023, having risen from 27.1% in young adults to 78.8% in older adults. Consequently, the increasing prevalence of chronic illnesses is propelling the expansion of the medical imaging equipment market.
Medical Imaging Equipment Market Segment Outlook: Which Categories Are Growing Fastest?
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
Medical Imaging Equipment Market Strategic Trends: What Defines The Next Growth Phase?
Leading companies in the medical imaging equipment market are concentrating on developing advanced products, such as Next-generation ultrasound platform, to enhance imaging precision and diagnostic efficiency. A Next-generation ultrasound platform refers to a sophisticated medical imaging system that integrates cutting-edge hardware, software, and imaging technologies to deliver superior image quality, enhanced diagnostic capabilities, real-time data processing, and improved workflow efficiency for clinicians. For instance, in September 2023, Exo Inc., a US-based medical imaging startup company, launched its newest imaging device, Exo Iris, designed to be affordable, compact, and easy to use. This makes it accessible to a wide array of caregivers, including physicians, nurses, EMTs, and clinicians in emergency, acute care, outpatient, and at-home settings. Additionally, it offers features like an ultra-wide field of view for imaging up to 150 degrees, allowing caregivers to capture an entire liver or full-body fetus in a single view. The device also comes equipped with Exo Works, a point-of-care ultrasound workflow solution, to seamlessly document and review exams in seconds from anywhere.
Medical Imaging Equipment Market Leading Players And Competitive Positioning
Major companies operating in the medical imaging equipment market are Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems, Fujifilm Medical Systems, Hitachi Healthcare, Shimadzu Corporation, Hologic Inc., Carestream Health, Mindray Medical International, Samsung Medison, Agfa‑Gevaert Group, Analogic Corporation, Esaote S.p.A., Neusoft Medical Systems, Omega Medical Imaging, Oncovision, MinXray Inc., Digirad Corporation, Fonar Corporation, Planmed Oyj, Bracco S.p.A., CMR Naviscan Corporation, Imris Inc., Olea Medical Technologies, Sonosite Inc., Butterfly Network, Xoran Technologies, Alpinion Medical Systems
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Medical Imaging Equipment Market Regional Distribution: Which Areas Power Market Growth?
Asia-Pacific was the largest region in the medical imaging equipment market in 2025. The regions covered in the medical imaging equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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