PUBLISHER: The Business Research Company | PRODUCT CODE: 1945557
PUBLISHER: The Business Research Company | PRODUCT CODE: 1945557
Medical imaging encompasses a range of technologies used to produce images of the body to diagnose, monitor, or treat medical conditions. Each imaging modality provides unique information about the body, aiding in the detection and treatment of illnesses or injuries.
In medical imaging, the main product types include X-ray devices, magnetic resonance imaging (MRI) machines, ultrasound machines, computed tomography (CT) scanners, nuclear imaging devices, and mammography machines. These imaging technologies have diverse applications in healthcare, including obstetrics and gynecology health, orthopedics and musculoskeletal imaging, neuro and spine imaging, cardiovascular and thoracic imaging, general imaging, oncology imaging, urology imaging, breast health, and others. These devices are used in various healthcare settings such as hospitals, specialty clinics, diagnostic imaging centers, and others.
Tariffs are impacting the medical imaging market by increasing costs of imported imaging components such as detectors, magnets, semiconductors, cooling systems, and precision electronics used in MRI, CT, and ultrasound devices. Hospitals and diagnostic centers in North America and Europe are most affected due to dependence on imported high-value imaging equipment, while Asia-Pacific faces cost pressures on export-oriented manufacturing. These tariffs are elevating capital investment requirements and delaying equipment upgrades. However, they are also encouraging localized manufacturing, regional assembly, and long-term investments in domestic medical imaging production capabilities.
The medical imaging market research report is one of a series of new reports from The Business Research Company that provides medical imaging market statistics, including medical imaging industry global market size, regional shares, competitors with a medical imaging market share, detailed medical imaging market segments, market trends and opportunities, and any further data you may need to thrive in the medical imaging industry. This medical imaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The medical imaging market size has grown strongly in recent years. It will grow from $45.65 billion in 2025 to $48.63 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growth in chronic disease prevalence, expansion of hospital diagnostic infrastructure, rising use of imaging in clinical decision making, improvements in imaging hardware capabilities, increased healthcare expenditure.
The medical imaging market size is expected to see strong growth in the next few years. It will grow to $63.14 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing demand for early disease detection, rising adoption of ai-enabled diagnostics, expansion of outpatient imaging centers, growing investments in advanced imaging technologies, increasing focus on precision medicine. Major trends in the forecast period include increasing adoption of ai-assisted image interpretation, rising demand for portable and point-of-care imaging systems, growing integration of advanced imaging software platforms, expansion of high-resolution and multi-modality imaging solutions, enhanced focus on early and preventive diagnostics.
The rising incidence of chronic illnesses is anticipated to drive the expansion of the medical imaging market in the coming years. Chronic illness refers to a medical condition that typically persists for three months or longer and may worsen over time. Elderly individuals are more susceptible to chronic illnesses, which are often manageable but not curable. The growing number of chronic conditions fuels the demand for medical imaging, as these technologies are utilized in the diagnosis and detection of such ailments. For example, in February 2024, the World Health Organization, a Switzerland-based intergovernmental organization, projected that by 2050, more than 35 million new cancer cases would occur, marking a 77% increase compared to an estimated 20 million cases in 2022. Thus, the increasing prevalence of chronic illnesses is propelling the medical imaging market.
Major companies in the medical imaging market are concentrating on creating portable and adaptable solutions to enhance accessibility, patient throughput, and diagnostic effectiveness. Mobile MRI systems are developed to deliver high-quality imaging across various clinical environments, such as hospitals, outpatient clinics, and temporary facilities, allowing patients to obtain timely diagnostic services without requiring permanent installations. For example, in September 2024, Siemens Healthineers, a Germany-based medical technology firm, obtained FDA clearance for its 1.5T MAGNETOM Free.Max mobile MRI system. This system merges high-field imaging performance with a compact, transportable design, enabling healthcare providers to offer advanced diagnostic imaging in locations with limited infrastructure, facilitating rapid diagnosis, patient comfort, and optimized workflow.
In April 2024, GE HealthCare, a US-based medical technology firm, acquired MIM Software Inc. for an undisclosed sum. Through this acquisition, GE HealthCare intends to strengthen its precision care strategy by incorporating MIM's AI-powered image analysis and automated digital workflow solutions across various care areas. MIM Software Inc. is a US-based company that provides vendor-neutral medical imaging software and AI solutions for radiation oncology, molecular radiotherapy, diagnostic imaging, and urology.
Major companies operating in the medical imaging market are Hitachi Medical Corporation, General Electric Company, Siemens Healthcare GmbH, Fujifilm Holdings Corporation, Koninklijke Philips N V, Hologic Inc., Mindray Medical International Limited, Shimadzu Corporation, Agfa-Gevaert Group, Neusoft Medical Systems Co Ltd., Carestream Health Inc., Esaote SpA, Analogic Corporation, Samsung Medison Co Ltd., Canon Medical Systems Corporation, TomTec Imaging Systems GmbH, Ziehm Imaging GmbH, MIM Software Inc., SuperSonic Imagine SA, EOS Imaging SA, Cubresa Inc., Planmed Oy, CurveBeam LLC, ContextVision AB, Koning Health, Intrasense SA
North America was the largest region in the medical device market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the medical imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The medical imaging market consists of sales of different kinds of medical imaging equipment such as PET machines, fluoroscopy, electroencephalograms, and digital subtraction angiography machines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Medical Imaging Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses medical imaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for medical imaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The medical imaging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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