The India Diagnostic Imaging Equipment Market is Segmented by Product Type (MRI, Computed Tomography, Ultrasound, X-Ray, Nuclear Imaging, Other Modalities), Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Other Applications), End-User (Hospital, Diagnostic Centers, Other End-Users). The Report Offers the Value (in USD Million) for the Above Segments.

India diagnostic imaging market size reached USD 1.2 Million in ​2024​. Looking forward, IMARC Group expects the market to reach USD 2.4 Million by ​2033​, exhibiting a growth rate (CAGR) of 7.75% during ​2025-2033​. The rising popularity of providing a non-invasive means of visualizing internal structures and functions is primarily driving the market growth across the country.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2025-2033​. Our report has categorized the market based on modality, application, and end user.

India Diagnostic Imaging Equipment Market Outlook 2031

The India Diagnostic Imaging Equipment Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 10.3% during 2023–2031. The growth of the market is attributed to the increasing elderly population and rising investment in the healthcare infrastructure.



Diagnostic medical imaging is a technique that visualize physical diagnosis with help of electromagnetic radiation. This imaging equipment is used for the diagnosis of disease and to determine appropriate treatment decisions. Diagnostic imaging is useful for the clinical examination and medical implant, and the visual representation of the function of organs or tissues in the human body.

Diagnostic imaging consists of different radiological imaging equipment, such as MRI, X-ray, ultrasound, and CT scan portable systems. Multiple-use units such as digital fluoroscopy and radiography systems are also used in the hospitals and clinics.



CT scan and MRI systems are the most commonly used diagnostic imaging equipment. These equipment are used for the detection of the medical conditions by reducing the unnecessary invasive exploratory processes and to improvise patient health diagnostic imaging equipment. Diagnostic imaging also includes calculations and recording techniques to produce data that is often represented in graph form.

India Diagnostic Imaging Equipment Market Trends, Drivers, Restraints, and Opportunities

• Increasing incidence of chronic diseases, such as cancer, cardiovascular disord

This statistic illustrates the value of diagnostic imaging in the medical technology (MedTech) industry in India in 2008 and 2014 with a forecast for 2020. In 2020, the value of diagnostic imaging in the MedTech industry was forecasted to amount to around 2.3 billion U.S. dollars in India.

In financial year 2023, the X-ray segment had the highest market size of about two billion U.S. dollars in the radiology market, in India. The overall radiology market size was worth over five billion U.S. dollars during the same period.

The Asia Pacific Diagnostics Imaging Equipment Market Report is segmented by Product (MRI, Computed Tomography, Ultrasound, X-Ray, Nuclear Imaging, Fluoroscopy, and Mammography), Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Other Applications), End-User (Hospital, Diagnostic Centers, Others) and Geography (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific). The market size and forecast values are provided in terms of (USD) for all the above segments.

The size of the Magnetic Resonance Imaging Market in India market was valued at USD 308.03 Million in 2023 and is projected to reach USD 466.54 Million by 2032, with an expected CAGR of 6.11% during the forecast period. The Indian MRI market is on a high growth path, mainly because of the advance technology being used in the field and widespread demand for accurate diagnostic imaging. It serves to identify a range of conditions-neurology disorders, cancers, and musculoskeletal injuries-and is therefore an important component of contemporary medicine. Several factors are driving the growth of India's MRI market. The increasing incidence of chronic diseases and the growing geriatric population are also a few drivers, which are on the rise and thereby enhance the demand for advanced diagnostic facilities. Initiatives by the government in enhancing health infrastructure, providing wider access to the use of advanced medical technologies, and encouraging hospitals and diagnostic centers across India to adopt MRI systems will drive the market forward. Among the constantly emerging technologies, open MRI machines, designed to improve quality and save more time on the scan, are also included. In MRI technology, artificial intelligence improves diagnostic accuracy, helps radiologists streamline workflow, and supports work in this field. However, many factors challenge the market, including high cost related to MRI equipment and requires skilled workers to operate and interpret the outcome. Advanced imaging technology might be limited in some rural areas, pointing out the specific health care inequalities in these regions. Despite this, the MRI market in India appears to have promising future prospects. In fact, further investments in healthcare structures, coupled with an emphasis on technology advancement, will only continue creating even more positive growth and, subsequently, enhanced diagnostics and greater benefits for patients across the country. Recent developments include: August 2023: Union Minister Dr Jitendra Singh announced the launch of India’s first indigenously developed, affordable, lightweight, ultrafast, high field (1.5 Tesla), next generation magnetic resonance imaging scanner in New Delhi, June 2022: Trivitron Healthcare announced that it is planning to launch made-in-India computed tomography (CT)-scan and magnetic resonance imaging (MRI) in the financial year 2022-23. It will be for both Indian as well as international markets, and it will be used for serving the purpose of better diagnosis in remote areas, too, because of its smart features, cost, and portability.. Key drivers for this market are: Introduction of Hybrid MRI Systems, Increasing Prevalence of Neurological Disorders. Potential restraints include: High Cost of MRI Systems. Notable trends are: Very High Field MRI Systems are Expected to Witness Strong Growth.

The global medical imaging market, valued at $42.38 billion in 2025, is projected to experience robust growth, driven by several key factors. Technological advancements, such as the development of AI-powered diagnostic tools and improved image resolution techniques across modalities like MRI and CT scans, are significantly enhancing diagnostic accuracy and efficiency. This, coupled with a rising geriatric population globally predisposed to chronic diseases requiring frequent imaging, fuels market expansion. Furthermore, increasing healthcare expenditure in developing economies and growing adoption of minimally invasive procedures reliant on precise imaging guidance are contributing to market growth. The segmental analysis reveals that X-ray imaging currently holds the largest market share due to its widespread availability and relatively lower cost compared to advanced imaging techniques. However, the MRI and CT scanner segments are anticipated to witness the fastest growth rates, fueled by technological advancements and increasing demand for high-resolution imaging in complex diagnostic scenarios. Hospitals remain the primary end-users, but the diagnostic imaging center segment is expected to grow rapidly as these specialized facilities gain popularity. Competitive intensity is moderate, with key players focusing on strategic collaborations, product innovation, and geographical expansion to maintain their market positions. While regulatory hurdles and high equipment costs can pose some challenges, the overall market outlook remains exceptionally positive. The market's geographical distribution reflects developed nations' higher healthcare spending and technological adoption rates. North America and Europe currently hold substantial market shares, although the Asia-Pacific region is demonstrating rapid growth potential, driven by increasing healthcare infrastructure investment and rising disposable incomes. This emerging market presents significant opportunities for market expansion, particularly in countries like China and India, where the demand for advanced medical imaging solutions is steadily escalating. The continued rise of telehealth and remote diagnostics is also likely to play a role, potentially increasing access to imaging services in underserved areas. The forecast period of 2025-2033 promises sustained market growth driven by the factors mentioned above, with a projection of substantial market expansion by the end of the forecast period.

In 2023, standalone labs had the highest estimate of radiology centers in India. On the other hand, small and medium private hospitals had about four thousand radiology centers. Some private hospitals are Park Hospitals, Paras hospitals, and Breach Candy Hospital Trust.

The Diagnostic Imaging Market is poised to reach USD 46.96 Billion by 2027, driven by rising chronic diseases, technological advancements, and government initiatives. Advances in imaging techniques, such as MRI and CT scans, have revolutionized diagnostics, enabling earlier and more accurate detection of diseases. The need for precise diagnostic tools in personalized medicine and targeted therapies further fuels market growth. Recent developments include: July 2022 : Canon Medical launched the Vantage Fortain MRI System at ECR 2022, This MRI system features innovative workflow solutions, image enhancements and accelerated scan technology, which together contributes to reducing the time required for MRI procedures., April 2022 : Wipro GE Healthcare launched the next-generation Revolution Aspire CT scanner. Revolution Aspire is an advanced imaging solution designed and manufactured end-to-end in India.. Key drivers for this market are: Rise in the Prevalence of Chronic Diseases, Increased Adoption of Advanced Technologies in Medical Imaging; Increase in the Geriatric Population. Potential restraints include: Expensive Procedures and Equipment, Side Effects of Diagnostic Imaging. Notable trends are: Mid-range Scanners (~64-Slice) Segment under Computed Tomography expected to Account for Largest Market Share during the Forecast Period.

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Medical Imaging Market Size 2024-2028

The medical imaging market size is forecast to increase by USD 14.2 billion, at a CAGR of 5.95% between 2023 and 2028.

The market is witnessing significant growth due to the increasing prevalence of chronic conditions. This trend is driving the demand for advanced medical imaging technologies, including computed tomography (CT) scanners, MRI systems, and robotic medical imaging systems. The integration of artificial intelligence (AI) in medical imaging is another key trend, enabling faster and more accurate diagnoses. However, the high costs associated with these technologies and emergency medical services pose challenges to market growth. CT scanners and MRI systems are essential tools for detecting various health conditions, while robotic medical imaging systems offer improved precision and efficiency. The adoption of AI in medical imaging is revolutionizing the industry by enabling faster and more accurate diagnoses, reducing the workload on radiologists, and improving patient outcomes. Despite these advancements, the high costs of medical imaging equipment and services continue to be a major barrier to widespread adoption, particularly In the emergency medical services sector.

What will be the Size of the Medical Imaging Market During the Forecast Period?

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The market encompasses a range of diagnostic tools and technologies that enable healthcare providers to visualize and analyze the interior structures of the human body. Key market drivers include the increasing demand for early disease detection and the need for faster turnaround times. New facilities and advanced imaging modalities, such as state-of-the-art CT scans, optical CT scanners, 3D MRI, and cardiovascular ultrasound systems, are increasingly being adopted to improve diagnostic accuracy and patient care.
Artificial intelligence (AI) platforms, including those developed by companies, are also gaining traction In the market due to their ability to enhance radiology operations and improve the efficiency of image analysis. The market is expected to continue growing, driven by the increasing prevalence of chronic diseases, the aging population, and advancements in imaging technology. Teaching hospitals and universities are also significant contributors to the market, as they serve as centers for innovation and research in medical imaging.

How is this Medical Imaging Industry segmented and which is the largest segment?

The medical imaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Hospitals
  Diagnostic imaging centers
  Clinincs/Ambulatory Care
  Research Institutions


Product

  X-ray imaging
  Ultrasound imaging
  MRI
  CT scanner imaging
  SPECT/PET imaging


Application

  Cardiology
  Oncology
  Neurology
  Orthopedics
  Gynecology/Obstetrics
  General Imaging/Radiology
  Others


Technology

  AI-Enabled Imaging
  Portable/Mobile Imaging
  Traditional/Stationary Systems


Geography

  North America

    Canada
    US
    Mexico


  Europe

    Germany
    UK
    France
    Italy


  Asia

    China
    India
    Japan


  Rest of World (ROW)

By End-user Insights

The hospitals segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing demand for advanced imaging techniques in hospitals and diagnostic centers. The adoption of artificial intelligence (AI) for image quantification and recognition is a key trend driving market expansion. The rising prevalence of chronic diseases, particularly among the elderly population, increases the need for medical imaging to aid in early detection and diagnosis. Technological innovations and advances in imaging modalities, such as magnetic resonance imaging (MRI), CT scanners, and X-ray imaging systems, are improving diagnostic accuracy and reliability. Increasing healthcare costs in both developed and developing countries are also fueling demand for cost-effective medical imaging solutions.

New facilities and teaching hospitals, as well as private players, are investing heavily in infrastructure and capital investments to meet this demand. The diagnostic imaging segment, including ultrasound and advanced technology, is expected to experience incremental growth during the forecast period. AI integration, teleradiology, and novel technologies are also providing growth opportunities In the market. Despite the premium price of diagnostic imaging systems, the high investment in healthcare facilities and reimbursements are expected to sustain market growth. Emerging countries are also investing in healthcare infrastructure, providing opportunities for refurbished medical

Forecast: Total Number of Scientific Publications in Radiology, Nuclear Medicine and Imaging in India 2024 - 2028 Discover more data with ReportLinker!

The global medical imaging remote diagnosis service market is experiencing robust growth, driven by the increasing prevalence of chronic diseases, a rising geriatric population, and the expanding adoption of telehealth solutions. The market's Compound Annual Growth Rate (CAGR) of 5% from 2019 to 2024 suggests a significant expansion, and this upward trajectory is expected to continue throughout the forecast period (2025-2033). Several factors contribute to this growth, including advancements in medical imaging technology (like AI-powered image analysis), improved internet connectivity and bandwidth, and the increasing demand for cost-effective and accessible healthcare solutions. The segmentation reveals strong performance across various imaging modalities, with X-ray, CT, MRI, and Ultrasound leading the way, fueled by their established presence in clinical settings and ongoing technological enhancements. The hospital segment remains dominant, but the clinic segment is witnessing rapid expansion as more clinics invest in remote diagnosis capabilities to improve patient care and efficiency. Geographically, North America and Europe currently hold the largest market shares due to advanced healthcare infrastructure and early adoption of remote diagnosis technologies. However, the Asia-Pacific region, particularly India and China, is poised for significant growth in the coming years due to increasing healthcare expenditure and a rising middle class. The market faces certain challenges, including concerns around data security and privacy, regulatory hurdles related to telehealth adoption, and the need for skilled professionals trained in remote diagnostic interpretation. Despite these restraints, the long-term outlook for the medical imaging remote diagnosis service market remains positive. The ongoing integration of artificial intelligence (AI) and machine learning (ML) into remote diagnosis platforms promises to enhance diagnostic accuracy, reduce interpretation time, and improve overall efficiency. This continuous technological innovation, coupled with supportive government initiatives promoting telehealth and remote healthcare, will play a pivotal role in further accelerating the growth of this burgeoning market segment. Major players such as Philips Healthcare and Siemens Healthcare are actively shaping the market through strategic partnerships, technological advancements, and market expansion initiatives, while smaller companies are contributing to innovation through specialized solutions and niche applications.

As of 2023, the large private hospitals processed 120 radiology scans per day in India, aided by the latest and most advanced diagnostics devices. By contrast, standalone labs processed 30 radiology scans per day that year.

5863 Global import shipment records of Medical Imaging Equip with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The Indian medical device market offers a wide range of products catering to various medical needs. Orthopedic devices include implants, surgical instruments, and prosthetics for treating bone and joint disorders. Cardiovascular devices encompass stents, pacemakers, and defibrillators for managing heart conditions. Diagnostic imaging devices, such as X-ray machines and MRI scanners, are used for medical imaging and diagnosis. In vitro diagnostic (IVD) devices are employed in laboratory testing and include reagents, analyzers, and test kits. Minimally Invasive Surgery (MIS) devices enable less invasive surgical procedures, reducing recovery time and complications. Other segments of the market include wound management, diabetes care, ophthalmic devices, dental equipment, nephrology devices, general surgery instruments, and others. Recent developments include: 2019:Johnson & Johnson launched ACUVUE Oasys with Transitions, a first-of-its-kind contact lens that adapts to changing light conditions., 2020:Medtronic launched the MiniMed 780G system, an advanced insulin pump system for diabetes management.. Notable trends are: Increasing demand for healthcare services and infrastructure is driving the market growth.

As of 2023, Full-body MRI (Magnetic Resonance Imaging) was the most expensive among radiology tests, costing about 387 U.S. dollars in India. Meanwhile, the price paid for getting a chest x-ray was about five U.S. dollars.

Forecast: Total Number of 10% Top-Cited Scientific Publications in Radiology, Nuclear Medicine and Imaging in India 2024 - 2028 Discover more data with ReportLinker!

Forecast: Share of Corresponding/Leading Author in Scientific Publications in Radiology, Nuclear Medicine and Imaging in India 2024 - 2028 Discover more data with ReportLinker!

The global medical imaging market is set to expand from USD 45.3 billion in 2024 to USD 102.72 billion by 2037, witnessing a CAGR of more than 6.5% throughout the forecast period, between 2025 and 2037. Key industry players include Koninklijke Philips N.V., Fujifilm India Private Limited, Siemens Healthcare Private Limited, Samsung Medison Co., among others.