Medical Imaging Market Report by Product (CT Scanners, X-Ray Imaging Systems, MRI Systems, Ultrasound Imaging Systems, Nuclear Imaging Systems, Mammography Systems), Application (Obstetrics and Gynecology Health, Orthopedics and Musculoskeletal, Neuro and Spine, Cardiovascular and Thoracic, General Imaging, Breast Health, and Others), End User (Hospitals, Diagnostic Centers, Academic Institutes and Research Organizations), and Region 2024-2032
The global medical imagingmarket size reached USD 42.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 67.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
USD 42.3 Billion
Market Forecast in 2032
USD 67.9 Billion
Market Growth Rate 2024-2032
5.3%
Medical imaging refers to the technique of creating visual depictions of the human body for diagnosing an ailment and its subsequent medical treatment. Computed tomography (CT) scanners, magnetic resonance imaging (MRI), nuclear imaging, mammography, and ultrasound are common medical imaging systems. It is a non-invasive technique that helps medical professionals to assess patients' bones, organs, tissue, and blood vessels. Medical imaging tests are safe, quick, and easy to perform and aid in early and accurate diagnosis, understanding complications, and eliminating the need for exploratory surgery. As a result, medical imaging is widely used in cardiovascular and thoracic, orthopedics and musculoskeletal, obstetrics and gynecology, and neurology departments.
Medical Imaging Market Trends:
The significant growth in the healthcare industry across the globe is creating a positive outlook for the market. In line with this, the growing occurrence of lifestyle diseases owing to sedentary lifestyles and age-related ailments in the steadily rising geriatric population is also favoring the market growth. Medical imaging is widely used by healthcare specialties to diagnose diseases and injuries, such as cancer, heart blockage, fractures, and tumors. Apart from this, the introduction of three-dimensional (3D) imaging technology to develop enhanced resolutions and more intricate details for better patient care is providing an impetus to the market growth. Moreover, the integration of artificial intelligence (AI) to enhance tissue-based detection and provide accuracy and sensitivity in the identification of imaging abnormalities is acting as another growth-inducing factor. Furthermore, the increasing demand for CT scans and MRIs to detect the spread of COVID-19 in the lungs is positively influencing the market growth. Other factors, including rising expenditure capacities of consumers, extensive research and development (R&D) activities, and the launch of portable imaging devices, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical imagingmarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, application and end user.
Breakup by Product:
CT Scanners
X-Ray Imaging Systems
MRI Systems
Ultrasound Imaging Systems
Nuclear Imaging Systems
Mammography Systems
Breakup by Application:
Obstetrics and Gynecology Health
Orthopedics and Musculoskeletal
Neuro and Spine
Cardiovascular and Thoracic
General Imaging
Breast Health
Others
Breakup by End User:
Hospitals
Diagnostic Centers
Academic Institutes and Research Organizations
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global medical imagingmarket. Detailed profiles of all major companies have also been provided. Some of the companies covered include:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Billion USD
Segment Coverage
Product, Application, End User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Canon Medical Systems Corporation (Canon Inc.), Carestream Health, Cubresa Inc., Esaote SpA, FUJIFILM VisualSonics Inc., GE HealthCare (General Electric Company), Hologic Inc., Koning Corporation, Koninklijke Philips N.V., Materialise NV, Mindray Medical International Limited, Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.) and Siemens Healthineers AG (Siemens AG)
Customization Scope
10% Free Customization
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global medical imaging market was valued at USD 42.3 Billion in 2023.
We expect the global medical imaging market to exhibit a CAGR of 5.3% during 2024-2032.
The rising adoption of medical imaging in various departments, such as cardiovascular and thoracic, obstetrics and gynecology, neurology, etc., for early and accurate diagnosis, understanding complications, eliminating the need for exploratory surgery, etc., is primarily driving the global medical imaging market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for numerous medical imaging systems, such as Computed Tomography (CT) scanners and Magnetic Resonance Imaging (MRI), to detect the spread of the coronavirus infection in the lungs.
Based on the product, the global medical imaging market can be divided into CT scanners, X-ray imaging systems, MRI systems, ultrasound imaging systems, nuclear imaging systems, and mammography systems. Currently, X-ray imaging systems account for the largest market share.
Based on the application, the global medical imaging market has been segregated into obstetrics and gynecology health, orthopedics and musculoskeletal, neuro and spine, cardiovascular and thoracic, general imaging, breast health, and others. Among these, cardiovascular and thoracic currently exhibits a clear dominance in the market.
Based on the end user, the global medical imaging market can be bifurcated into hospitals, diagnostic centers, and academic institutes and research organizations. Currently, hospitals hold the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global medical imaging market include Canon Medical Systems Corporation (Canon Inc.), Carestream Health, Cubresa Inc., Esaote SpA, FUJIFILM VisualSonics Inc., GE HealthCare (General Electric Company), Hologic Inc., Koning Corporation, Koninklijke Philips N.V., Materialise NV, Mindray Medical International Limited, Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.), and Siemens Healthineers AG (Siemens AG).
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