Global Medical Imaging Market

Medical Imaging Market Size Summary

The Global Medical Imaging Market Size Was Estimated at USD 39.2 Billion in 2024 and is Projected to Reach USD 67.6 Billion by 2035, Growing at a CAGR of 5.08% from 2025 to 2035. The market for medical imaging is expanding as a result of a number of factors, including the rise in chronic illnesses, technical developments, the need for early diagnosis, the expansion of healthcare facilities, the aging of the population, and global awareness of non-invasive diagnostic techniques.

Key Regional and Segment-Wise Insights

• In 2024, North America held the largest revenue share of over 35.6% and dominated the market globally.
• In 2024, the magnetic resonance imaging segment had the highest market share by technology, accounting for 26.3%.
• In 2024, the orthopedics segment had the biggest market share by application, accounting for 31.6%.

Global Market Forecast and Revenue Outlook

• 2024 Market Size: USD 39.2 Billion
• 2035 Projected Market Size: USD 67.6 Billion
• CAGR (2025-2035): 5.08%
• North America: Largest market in 2024

The medical imaging market comprises technological systems along with tools that generate visual body representations for clinical diagnostic and therapeutic purposes. The imaging techniques essential for diagnosis, treatment management, and disease observation consist of X-rays along with MRI scans, CT scans, ultrasound imaging, and nuclear medicine procedures. The industry experiences growth because of the rising number of chronic diseases, including cancer, heart disease, and neurological disorders. The market experiences growth because healthcare expenses increase, the population ages, and healthcare facilities improve worldwide. The market expansion receives major support from the shift toward diagnostic procedures that avoid surgical incisions, along with growing patient understanding of preventive medicine.

The medical imaging market experiences continuous development through technological improvements, which include AI-based systems together with 3D and 4D imaging technologies and portable devices, and enhanced image resolution that boosts both operational workflows and diagnostic outcomes. Cloud computing, together with data analytics, provides remote diagnostic capabilities while enhancing image management systems. The medical imaging market expands across the globe because governments allocate funds toward cancer screening, healthcare digitalization, and healthcare facility improvements. The future market growth will be driven by these advancement trends and increasing research and development funding.

Technology Insights

Why did the Magnetic Resonance Imaging (MRI) Segment Hold the Largest Revenue Share of 26.3% in the Medical Imaging Market in 2024?

The magnetic resonance imaging (MRI) segment led the medical imaging market in 2024 by holding the largest revenue share of 26.3%. Medical imaging market leadership belongs to MRI because it delivers superior imaging capabilities essential for diagnosing various disorders, including soft tissue, brain, spine, and musculoskeletal conditions. MRI systems continue to gain popularity because of increasing neurological and orthopedic disease rates, together with the rising demand for non-invasive diagnostics without radiation exposure. Modern patient comfort and diagnostic precision have advanced through the development of functional MRI (fMRI), high-field MRI systems, and real-time imaging technologies. The segment maintains its position as the leading worldwide medical imaging market because of continuous developments in artificial intelligence and image enhancement technologies.

During the forecast period, the computed tomography (CT) segment of the medical imaging market is anticipated to experience the fastest growth. The rapid expansion results from CT's ability to provide fast, precise, and detailed cross-sectional imaging, which is essential for diagnosing various illnesses, including infectious diseases, cancer, trauma, and cardiovascular disorders. CT adoption grows because the healthcare sector demands precise diagnostic tools, particularly for oncology and emergencies. The advancements in picture quality and patient safety stem from technological developments, including AI-enhanced imaging and dual-energy CT, and low-dose radiation systems.  The increased use of CT scanners in developing countries due to improved healthcare infrastructure and access to medical facilities will drive market growth.

Application Insights

How Did the Orthopaedics Segment Dominate the Medical Imaging Market with the Largest Revenue Share of 31.6% in 2024?

The orthopaedics segment dominated the medical imaging market by holding the largest revenue share of 31.6% in 2024. The growing incidence of musculoskeletal diseases, along with sports-related injuries, arthritis, and age-related bone disorders among elderly people, drives this market leadership. Orthopedic imaging techniques, including X-ray, MRI, along CT scans, play a vital role in diagnosing fractures and joint abnormalities, together with soft tissue injuries. The segment maintains market leadership because orthopedic surgical procedures, along with technological advancements in high-resolution three-dimensional bone and joint imaging, continue to grow in popularity. The worldwide increase in early diagnosis and preventive healthcare awareness has led to a substantial rise in orthopedic imaging requirements.

Throughout the projected period, the medical imaging market's oncology segment is expected to grow at the fastest CAGR.  The main drivers behind this trend include the rising incidence of cancer worldwide and the growing need for prompt and precise diagnosis. Medical imaging techniques, which include MRI, CT, PET, and ultrasound, play vital roles in cancer management because they help with tumor detection and staging, therapy monitoring, and minimally invasive procedure guidance. The accuracy and effectiveness of oncology diagnostics are being improved by technological developments like as molecular imaging, AI-powered image processing, and hybrid imaging systems (such as PET/CT and PET/MRI). The expansion of advanced imaging access through global government programs and cancer screening initiatives is driving this segment's development.

Regional Insights

The North American medical imaging market led globally with the largest revenue share of 35.6% in 2024. The region maintains its leadership because of its sophisticated healthcare system and leading medical equipment manufacturers, and advanced imaging technology adoption. The market continues to grow because chronic diseases, including cancer and heart disease, are becoming more prevalent, and diagnostic precision needs to be faster and more accurate. The widespread implementation of modern imaging equipment receives support from reimbursement rules that are favorable alongside high healthcare funding and ongoing research and development activities. The United States leads the market because of its advanced clinical research capabilities and its highly skilled workforce, together with its expanding artificial intelligence and digital technology applications for diagnostic imaging.

Europe Medical Imaging Market Trends

Europe's medical imaging market continues to expand at a steady pace because of demographic shifts and increasing healthcare needs, together with rising cases of chronic diseases, including cancer and heart conditions, and neurological illnesses. European countries, including Germany, the United Kingdom, and France, maintain leading positions in diagnostic imaging technology uptake because they possess strong healthcare infrastructure and allocate sufficient funding to diagnostic capabilities. The increasing demand for early disease detection along with personalized treatment approaches has driven up the usage of MRI, CT, and PET scan technologies. The combination of digital imaging systems with artificial intelligence technology improves both workflow efficiency and diagnostic precision. The healthcare market across Europe is expanding because of increased innovation funding, along with governmental support programs throughout the forecast period.

Asia Pacific Medical Imaging Market Trends

The Asia Pacific medical imaging market is anticipated to grow at the fastest CAGR because healthcare infrastructure growth, rising healthcare expenses, and chronic disease prevalence continue to increase. Multiple healthcare service expansions, along with growing patient numbers, lead to higher requirements for advanced diagnostic tools in China, India, Japan, and South Korea. The market rate of expansion surpasses previous levels due to government initiatives that focus on early disease diagnosis and investment in advanced medical equipment. The region shows increased market growth potential because more people are becoming aware of preventive healthcare, and the population is aging, while medical imaging systems integrate artificial intelligence. The combination of these factors drives the Asia Pacific to become the fastest-growing medical imaging market across the world.

Key Medical Imaging Companies:

The following are the leading companies in the medical imaging market. These companies collectively hold the largest market share and dictate industry trends.

• GE Healthcare
• Esaote
• Hologic, Inc.
• Siemens Healthineers
• Konica Minolta
• PerkinElmer Inc.
• Mindray Medical International
• FUJIFILM VisualSonics Inc.
• Hitachi
• Koning Corporation
• Canon Medical Systems Corporation
• Samsung Medison Co., Ltd.
• Koninklijke Philips N.V.
• Carestream Health
• Varex Imaging
• Others

Recent Developments

• In March 2024, GE Healthcare used NVIDIA technology to create SonoSAMTrack1, its most recent research model.  SonoSAM1, a promptable fundamental model intended for object segmentation in ultrasound imaging, serves as the basis for this novel model.  SonoSAMTrack's main job is to identify anatomical features, lesions, and other important areas in ultrasound pictures.  Furthermore, SonoSAMLite, a more straightforward version of this paradigm, has been released.
• In January 2024, Canon unveiled Aplio me, a state-of-the-art shared-service ultrasound system designed to meet the diverse requirements of regular users in a wide range of medical settings. From tiny clinics to large hospitals, ultrasonography specialists who value great workflow efficiency and seek out advanced standard solutions will find this incredibly lightweight and portable device suitable.

Market Segment

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

Global Medical Imaging Market, By Technology

• X-ray Devices
• Ultrasound
• Computed Tomography
• Magnetic Resonance Imaging
• Nuclear Imaging

Global Medical Imaging Market, By Application

• Cardiology
• Oncology
• Neurology
• Orthopedics
• Gastroenterology
• Gynecology
• Other Applications

Global Medical Imaging Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa