Global Medical Imaging Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

X-Ray Devices, Computed Tomography Scanners, Magnetic Resonance Imaging Equipment, Ultrasound Imaging Systems, Nuclear Imaging Systems, and Others.

By Application;

Cardiology, Oncology, Gynecology, Neurology, and Orthopedics.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn157016768 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Medical Imaging Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Medical Imaging Devices Market was valued at USD 32,563.12 million. The size of this market is expected to increase to USD 47,583.02 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.

The global medical imaging devices market stands as a cornerstone in modern healthcare, revolutionizing diagnostics and patient care with its innovative technologies. This dynamic sector encompasses a vast array of devices designed to visualize internal structures and functions of the human body, ranging from traditional X-ray machines to cutting-edge magnetic resonance imaging (MRI) and computed tomography (CT) scanners. With the growing prevalence of chronic diseases and the aging population worldwide, the demand for accurate and timely diagnostic imaging solutions has surged, propelling the market's expansion. Advancements in medical imaging technology have been instrumental in enhancing diagnostic accuracy, improving patient outcomes, and driving efficiency in healthcare delivery.

From the development of high-resolution imaging modalities to the integration of artificial intelligence (AI) algorithms for image interpretation, manufacturers are continually pushing the boundaries of innovation to meet the evolving needs of healthcare providers and patients. The increasing adoption of telemedicine and remote diagnostic imaging services, coupled with the rising investment in healthcare infrastructure across emerging economies, further fuel the growth of the global medical imaging devices market. Regulatory challenges, reimbursement issues, and concerns regarding radiation exposure continue to pose significant hurdles to market progression, necessitating collaborative efforts among industry stakeholders to address these barriers and ensure the safe and effective use of medical imaging technologies.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Medical Imaging Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Rising Prevalence of Chronic Diseases
        3. Aging Population
        4. Expanding Applications
      2. Restraints
        1. Regulatory Hurdles and Compliance Challenges
        2. Limited Reimbursement Policies
        3. Concerns Regarding Radiation Exposure
      3. Opportunities
        1. Increasing Focus on Point-of-Care Imaging Solutions
        2. Collaborations and Partnerships for Research and Development
        3. Integration of Artificial Intelligence and Machine Learning in Imaging Technologies
        4. Patient-Centric Approaches and Personalized Medicine Efforts
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Medical Imaging Devices Market, By Product, 2021 - 2031 (USD Million)
      1. X-Ray Devices
      2. Computed Tomography Scanners
      3. Magnetic Resonance Imaging Equipment
      4. Ultrasound Imaging Systems
      5. Nuclear Imaging Systems
      6. Others
    2. Global Medical Imaging Devices Market, By Application, 2021 - 2031 (USD Million)
      1. Cardiology
      2. Oncology
      3. Gynecology
      4. Neurology
      5. Orthopedics
    3. Global Medical Imaging Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Canon Medical Systems Corporation
      2. Carestream Health Inc.
      3. Esaote SpA
      4. Fujifilm Holdings Corporation
      5. GE Healthcare
      6. Hitachi Medical Systems
      7. Hologic Inc.
      8. Philips Healthcare
      9. Samsung Medison
      10. Siemens Healhineers
  7. Analyst Views
  8. Future Outlook of the Market