Global Medical Imaging Systems Market Size to Surpass USD 71.29 Billion at a CAGR of 5.37% Growth By 2034

According to the report, the global medical imaging systems market size was valued at approximately USD 42.25 Billion in 2024 and is predicted to reach around USD 71.29 Billion by the end of 2034, expanding at a CAGR of around 5.37% from 2025 to 2034.

The medical imaging system industry deals with the production, design, distribution, and associate services related to medical imaging equipment. These devices are used to create visual representations or accurate images of the interior of the body for several diagnostic or therapeutic purposes. The industry runs on the consumption of various modalities, such as ultrasound machines, X-ray machines, computed tomography (CT) scanners, magnetic resonance imaging (MRI) systems, nuclear imaging systems, and others. They also have a wide range of applications across healthcare settings including hospitals and diagnostic centers. As global expenditure on the healthcare sector is on the rise, the industry is expected to generate more revenue.

The global medical imaging systems market growth is projected to be driven by several factors with the primary being the increasing spread of various serious or mild medical conditions or any other event that may require regular ultrasound or sonography, for instance, pregnancy-related issues. In addition to this, the industry is witnessing a surge in investments directed toward advancement in terms of efficiency and performance of the devices. As manufacturers work toward designing more sophisticated products that offer faster scanning times, higher resolution, and improved diagnostic accuracy the future for the industry looks promising.

In addition to this, the growing demand for minimally invasive medical procedures is a positive factor for the rise in demand for efficient medical imaging systems since they enable or promote several surgical procedures where the doctors can focus on only the target area thus reducing patient discomfort or chances of any error. Other factors like the growing rate of deployment of favorable reimbursement policies from the government and private insurance companies could encourage more people to undertake the required tests without worrying about the associated cost.

The global medical imaging systems industry may face growth restrictions owing to the increasing intensity of regulatory hurdles that the industry players have to come across. Medical imaging systems are highly susceptible to any change in healthcare-related policies of the trading nation. It is also subject to stringent government regulatory laws and rules which makes the entire process of obtaining a commercialization license more tedious and time-consuming. Furthermore, the lack of skilled personnel is another area of concern for the industry players as there is a significant gap in the supply and demand for skilled employees that can efficiently operate technologically advanced machines.

The growing advancement toward improved technologies may provide growth opportunities while the concerns over radiation exposure could challenge market expansion.

The global medical imaging systems market is segmented based on application, product, end-user, and region.

Based on application, the global market segments are breast health, obstetrics and gynecology health, cardiovascular and thoracic, orthopedics and musculoskeletal, general imaging, neuro and spine, urology, oncology, and others. In 2022, the highest growth was observed in the general imaging segment. It includes imaging processes, such as X-rays, ultrasound, and CT scans. These equipment are used to diagnose several types of medical conditions. For instance, it can be used for routine screenings or for diagnosing infections and injuries. A basic X-ray machine costs between USD 50,000 to USD 100,000.

Based on product, the medical imaging systems industry divisions are ultrasound, X-ray devices, nuclear imaging, computed tomography, magnetic resonance imaging (MRI), and mammography. In 2022, the X-ray segment dominated with more than 32% of the segmental share. These machines have wide-scale applications across types of healthcare settings. They are also relatively more affordable while providing high-quality images in less time. This makes X-ray systems more versatile than other forms of medical imaging systems. Ultrasound machines are another most commonly used equipment. They are most used to diagnose and treat obstetrics and gynecology-related concerns. The rest of the devices, such as computed tomography (CT), magnetic resonance imaging (MRI), and mammography are used for specific purposes.

Based on end-user, the global market divisions are hospitals, diagnostic centers, and others.

North America is expected to lead the global medical imaging systems market owing to the well-established healthcare infrastructure, high demand for advanced diagnostic imaging technologies, and favorable reimbursement policies. The US is expected to register the highest regional market share.

In Europe, the growth may be due to the increasing prevalence of chronic conditions along with rising elderly populations who are more susceptible to healthcare issues. In addition to this, the increasing healthcare spending is a major factor for regional CAGR. The United Kingdom, France, Germany, and Italy are the largest markets in the region.

In Asia-Pacific, India, China, and Japan are the largest regional shareholders and they may continue the streak in the coming years due to growing investment, research & development, and product innovation in these countries. Additionally, the growing awareness about early disease diagnosis could work in the favor of the regional market.

This review is based on a report by Zion Market Research, titled “edical Imaging Systems Market By Product Type (X-ray, CT Scan, MRI, Ultrasound, Nuclear Imaging), By Technology (2D Imaging, 3D/4D Imaging), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gynecology, Others), By End-user (Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers, Academic & Research Institutes), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034”- Report at https://www.zionmarketresearch.com/report/medical-imaging-systems-market

Recent Developments:

• In January 2023, FUJIFILM Sonosite, Inc., a company specializing in the development of advanced point-of-care ultrasound (POCUS) machines, announced the launch of a new range of devices called the Sonosite PX ultrasound system
• In November 2022, Philips launched a new mobile ultrasound system, thus promoting first-time-diagnosis for a larger group of patients
• In February 2023, Mindray launched TE Air, which is a handheld ultrasound device and has more practical applications for radiologists

Medical Imaging Systems Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the medical imaging systems market on a global and regional basis.

The global medical imaging systems market is dominated by players like:

• Canon Inc.
• Agfa-Gevaert Group
• Mindray Medical International Limited
• Carestream Health
• ViewRay Inc.
• Esaote SpA
• Zonare Medical Systems Inc.
• Fujifilm Holdings Corporation
• Koninklijke Philips N.V.
• GE Healthcare
• Samsung Medison Co. Ltd.
• Hitachi Ltd.
• United Imaging Healthcare Co. Ltd.
• Hologic Inc.
• Shimadzu Corporation
• Nanox Imaging Ltd.
• 3M Company
• Neusoft Corporation
• Terason Corporation
• Siemens Healthineers AG
• Toshiba Corporation
• Ziehm Imaging GmbH
• Sony Corporation
• Varian Medical Systems Inc.
• and SuperSonic Imagine SA.

The global medical imaging systems market is segmented as follows;

By Product Type

• X-ray
• CT Scan
• MRI
• Ultrasound
• Nuclear Imaging

By Technology

• 2D Imaging
• 3D/4D Imaging

By Application

• Cardiology
• Oncology
• Neurology
• Orthopedics
• Gynecology
• Others

By End-user

• Hospitals
• Diagnostic Imaging Centers
• Ambulatory Surgical Centers
• Academic & Research Institutes

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com