PUBLISHER: The Business Research Company | PRODUCT CODE: 1945559
PUBLISHER: The Business Research Company | PRODUCT CODE: 1945559
Medical imaging equipment encompasses a wide range of devices and technologies utilized in the medical field to visualize the internal structures and functions of the body. This category of equipment plays a crucial role in enhancing patient care by facilitating accurate diagnosis, personalized treatment planning, and effective monitoring of health conditions.
Key medical imaging equipment comprises computed tomography (CT), x-ray systems, magnetic resonance imaging (MRI) systems, ultrasound systems, nuclear imaging equipment, mammography equipment, contrast media injectors, c-arms, and fluoroscopy devices. Computed tomography (CT) utilizes X-rays to generate detailed cross-sectional images of the body and encompasses diverse modalities, including stand-alone, portable, and hand-held devices. These technologies find application in various medical fields such as cardiology, neurology, orthopedics, gynecology, and oncology. Target end-users encompass diagnostic imaging centers, ambulatory surgical centers, specialty clinics, and research institutes.
Tariffs are impacting the medical imaging equipment market by increasing costs of imported semiconductors, detectors, magnets, imaging software, and precision components used in CT, MRI, X-ray, and ultrasound systems. Healthcare providers and manufacturers in North America and Europe are most affected due to dependence on cross-border supply chains, while Asia-Pacific faces higher production costs for export-oriented equipment. These tariffs are increasing capital equipment prices and delaying procurement decisions for hospitals and diagnostic centers. However, they are also encouraging localized manufacturing, regional component sourcing, and increased investment in domestic imaging technology development.
The medical imaging equipment market research report is one of a series of new reports from The Business Research Company that provides medical imaging equipment market statistics, including medical imaging equipment industry global market size, regional shares, competitors with a medical imaging equipment market share, detailed medical imaging equipment market segments, market trends and opportunities, and any further data you may need to thrive in the medical imaging equipment industry. This medical imaging equipment 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 equipment market size has grown strongly in recent 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%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, expansion of diagnostic imaging centers, rising demand for early disease detection, growing healthcare infrastructure investments, technological advancements in imaging modalities.
The medical imaging equipment market size is expected to see strong growth in the next few years. It will grow to $63.5 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing adoption of ai-powered diagnostics, rising demand for point-of-care imaging, expansion of value-based healthcare models, growing investments in advanced imaging technologies, increasing focus on personalized medicine. Major trends in the forecast period include increasing adoption of ai-assisted image analysis, rising demand for portable and handheld imaging devices, growing integration of multi-modality imaging systems, expansion of precision and personalized diagnostic imaging, enhanced focus on workflow automation and imaging accuracy.
The rising prevalence of chronic diseases is expected to propel the growth of the medical imaging equipment market going forward. Chronic diseases are long-lasting conditions that typically progress slowly and persist for years or even a lifetime, often driven by changing lifestyles, genetic predispositions, and aging populations. Medical imaging equipment plays a critical role in managing chronic diseases by enabling early detection, accurate diagnosis, personalized treatment planning, and continuous monitoring of disease progression and treatment outcomes. For instance, in April 2025, according to the Centers for Disease Control and Prevention (CDC), a US-based federal agency, the prevalence of adults in the United States living with at least one chronic condition reached 76.4% in 2023, ranging from 59.5% among young adults to 93.0% among older adults. Additionally, the prevalence of multiple chronic conditions increased to 51.4% in 2023, rising from 27.1% in young adults to 78.8% in older adults. Therefore, the rising prevalence of chronic diseases is driving the growth of the medical imaging equipment market.
Major companies operating in the medical imaging equipment market are concentrating on the development of advanced products such as next-generation ultrasound platforms to enhance imaging precision, diagnostic accuracy, and clinical workflow efficiency. A next-generation ultrasound platform refers to an advanced imaging system that integrates cutting-edge hardware, AI-enabled software, and real-time data processing to deliver superior image quality, broader diagnostic capabilities, and improved ease of use across care settings. For instance, in September 2023, Exo Inc., a US-based medical imaging startup, launched its newest imaging device, Exo Iris. The system is designed to be affordable, compact, and easy to use, expanding access to high-quality ultrasound imaging for a wide range of caregivers, including physicians, nurses, EMTs, and clinicians working in emergency, acute care, outpatient, and at-home environments. Exo Iris features an ultra-wide field of view of up to 150 degrees, allowing caregivers to capture large anatomical areas, such as an entire liver or a full-body fetus, in a single image. Additionally, the device is equipped with Exo Works, a point-of-care ultrasound workflow solution that enables seamless exam documentation, storage, and review within seconds from virtually anywhere. This innovation highlights how next-generation ultrasound platforms are transforming diagnostic efficiency and accessibility within the medical imaging equipment market.
In July 2023, Radon Medical Imaging LLC acquired Tristate Biomedical Solutions LLC. This undisclosed acquisition positions Radon to enhance its medical imaging equipment maintenance and repair services, fortify its business operations, and extend its geographic footprint. Tristate Biomedical Solutions LLC, a reputable U.S.-based medical equipment company, specializes in offering biomedical and imaging equipment solutions.
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
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.
The countries covered in the medical imaging equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The medical imaging equipment market consists of sales of positron emission tomography (PET) scanners, fluoroscopy machines, digital radiography systems, angiography machines, ophthalmic imaging equipment, and nuclear medicine cameras. 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 Equipment 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 equipment 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 equipment ? 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 equipment 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.
Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.