Australia Medical Imaging Market

Australia Medical Imaging Market Insights Forecasts to 2035

• The Australia Medical Imaging Market Size Was Estimated at USD 811.4 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 7.91% from 2025 to 2035
• The Australia Medical Imaging Market Size is Expected to Reach USD 1875.1 Million by 2035

According to a research report published by Decisions Advisors, The Australia Medical Imaging Market Size is Anticipated to Reach USD 1875.1 Million by 2035, growing at a CAGR of 7.91% from 2025 to 2035. The medical imaging market in Australia is driven by expanding access to healthcare in rural regions, increased acceptance of advanced imaging technologies, and the rising need for early disease detection.

Market Overview

The medical imaging market refers to the part of the healthcare sector that focuses on technology and devices that visualise the human body's internal structures for clinical diagnosis, treatment planning, and disease monitoring. The market includes imaging modalities (or types of imaging) such as X-ray, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, positron emission tomography (PET), and nuclear medicine. The medical imaging market also consists of related software, contrast agents, and imaging services. The medical imaging market in Australia is growing due to increases in chronic disease conditions within the population and an ageing population, as well as increasing government funding for health infrastructure.

In the 2024-25 budget, the Australian government allocated AUD 162.6 million to improve access to diagnostic imaging and AUD 28 million (AUD 28 million was allocated under the National Imaging Facility) to perform advanced imaging research. Also included in this growth are technology advancements such as AI-assisted diagnostics, the development of photon-counting CT scanners, and the production of portable ultrasound devices that improve the accuracy and efficiency of pre and post-testing. Within these advancements or due to advancements is tele-radiology and the development of remote imaging in regional areas.

In March 2025, the TGA approved Body Vision Medical’s AI-powered Lung Vision system. Several hospitals in Australia made improvements to existing MRI and CT facilities or purchased new MRI and CT facilities to meet increasing demand for diagnostic procedures across Australia.

Report Coverage

This research report categorizes the market for the Australia medical imaging market based on various segments and regions, and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Australia medical imaging market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Australia medical imaging market.

Driving Factors

The medical imaging market in Australia is driven by increasing prevalence of chronic and age-related diseases, a higher demand for early and accurate diagnoses, and continuous advancements in technology, such as AI-assisted imaging and hybrid modalities. New and portable point-of-care imaging devices are becoming increasingly accepted, particularly as healthcare infrastructure improves and tele-radiology services expand. Additionally, partnerships between hospitals, diagnostic centres, and imaging technology providers are improving access and accuracy for imaging services in metropolitan and regional communities.

Restraining Factors

The medical imaging market in Australia is mostly constrained by high equipment and maintenance costs, a shortage of skilled radiologists, and lengthy approval timelines for advanced technologies. Furthermore, the unequal access in rural areas, in particular, is restricting expansion within the market and decreasing efficiency in service delivery.

Market Segmentation

The Australia medical imaging market share is classified into product and application.

• The X-ray imaging systems segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Australia medical imaging market is segmented by product into CT scanners, X-ray imaging systems, MRI systems, ultrasound imaging systems, nuclear imaging systems, and mammography systems. Among these, the X-ray imaging systems segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Their extensive use for routine and emergency diagnoses in hospitals, diagnostic facilities, and outpatient clinics is the main reason for their supremacy. For the detection of fractures, dental and chest issues, and a variety of musculoskeletal illnesses, X-ray devices are quick, affordable, and indispensable.

• The general imaging segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The Australia medical imaging market is segmented by application into obstetrics and gynecology health, orthopedics and musculoskeletal, neuro and spine, cardiovascular and thoracic, general imaging, breast health, and others. Among these, the general imaging segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. Due to its extensive use in diagnosing a variety of illnesses, such as pelvic, chest, and stomach disorders, this part leads. Due to the growing need for early disease identification and preventative health examinations, general imaging is the most common diagnostic procedure carried out in hospitals and clinics.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Australia medical imaging market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Sonic Healthcare Limited
• Healius Limited
• iMED Radiology Network
• Capitol Health Limited
• Integral Diagnostics Limited
• Qscan Group
• Vision X-Ray Group
• 4DMedical Ltd
• MicroX Ltd
• Clinical Imaging System Pty Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments:

• In March 2025, the Therapeutic Goods Administration (TGA) approved Body Vision Medical's LungVision AI-powered intra-operative imaging system for use in Australia.
• In September 2024, Ingham Hospital, a regional hospital in Queensland, became the first hospital with a 24-hour public CT scanner, enhancing accessibility to diagnostics in the Hinchinbrook region.
• In July 2024, EM Vision developed a brain scanner that can fit in your backpack and can diagnose a stroke in five minutes for use in rural and remote areas.

Market Segment

This study forecasts revenue at the Australia, regional, and country levels from 2020 to 2035. Decisions Advisors has segmented the Australia medical imaging market based on the below-mentioned segments:

Australia Medical Imaging Market, By Product

• CT Scanners
• X-Ray Imaging Systems
• MRI Systems
• Ultrasound Imaging Systems
• Nuclear Imaging Systems
• Mammography Systems

Australia Medical Imaging Market, By Application

• Obstetrics and Gynecology Health
• Orthopedics and Musculoskeletal
• Neuro and Spine
• Cardiovascular and Thoracic
• General Imaging
• Breast Health
• Others