The Diagnostic Imaging Market report segments the industry into By Modality (MRI, Computed Tomography, Ultrasound, X-Ray, Nuclear Imaging, Fluoroscopy, Mammography), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Other Applications), By End User (Hospital, Diagnostic Centers, Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, South America).

In 2023, the diagnostic imaging market in the United States generated a revenue of just over **** billion U.S. dollars. By 2029, it was forecast the market would grow to a revenue of over **** billion U.S. dollars.

Diagnostic imaging centers play a crucial role in the US healthcare system, serving as the primary point of contact for patients seeking diagnostic imaging services. Imaging centers receive referrals from various healthcare providers, including hospitals, primary care physicians and specialists. An aging older adult population's expanding medical needs drive growing medical spending, benefiting centers, as aging adults have a higher incidence of disease and injury. The pandemic's disruption to healthcare spending disrupted diagnostic imaging, as healthcare services focused on emergency care and coronavirus patients. However, despite being volatile, imaging centers experienced recovering patient volumes as critical economic drivers boosted growth later in the period. In all, revenue grew at a CAGR of 1.7% to an estimated $26.3 billion over the past five years through 2024, with revenue rising an estimated 2.7% in 2024 alone. Staffing shortages and burnout at imaging centers were symptomatic of the pandemic. However, centers are turning to telehealth and artificial intelligence (AI) tools to provide cost savings, create clinical efficiency and reduce radiologists' workloads while offering improved patient outcomes. Still, robust integration of AI remains a challenge. Advances in imaging equipment are also available, but high purchasing costs limit their adoption. Other healthcare providers, including hospitals, urgent care centers and primary care doctors, can rent or own the tools to conduct diagnostic imaging to provide services and steer consumers away from competitive prices. The diagnostic imaging landscape will become less fragmented, but consolidation activity will strengthen as cost and competitive pressures strain profit. Reimbursements, determined by private insurance providers, will be impacted by the economy's employment levels and Medicare and Medicaid funding levels. Cost pressures will incentivize small, freestanding imaging centers to join groups, and more extensive health systems with negotiating power and economies of scale will wrap in smaller centers. These structural changes and adoption of new technology will foster growth and industry revenue is expected to expand at a CAGR of 3.4% to $31.1 billion in 2029.

The United States Diagnostic Imaging Market report segments the industry into By Product (X-Ray, Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography, Nuclear Medicine, Fluoroscope, Mammography), By Application (Cardiology, Oncology, Neurology, Orthopedic, Gastroenterology, Gynecology, Other Applications), and By End User (Hospitals, Diagnostic Centers, Other End Users).

Global Diagnostic Imaging Market was valued at USD 27.01 Billion in 2024 and is expected to reach USD 36.39 Billion by 2030 with a CAGR of 5.05% during the forecast period.

The global Diagnostic Imaging Market size is expected to reach USD 52.20 Billion in 2032 registering a CAGR of 4.4%. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities and more.

Japanese company Hitachi accounted for three percent of the world's market for diagnostic imaging in 2017. By 2024, this share is expected to decrease to 2.7 percent. Diagnostic imaging allows medical examiners to observe the inside of a body to establish a medical condition. Different techniques and machines allow radiologists and other health professionals to take a picture of the structures and activities occurring in the body. The best-known types of diagnostic imaging are radiography (X-rays), ultrasound, computed tomography (CT), and magnet resonance imaging (MRI). The global top 3 companies The global diagnostic imaging market is dominated by three companies which are all expected to maintain a share of about 20 or more percent until 2024. These three companies are German Siemens (Healthineers), U.S.-based General Electric Healthcare, and Philips from the Netherlands. The total global diagnostic imaging market currently is estimated at around 40 billion U.S. dollars. One of the main drivers for the market is the growing demand for early stage diagnoses of chronic diseases of an increasingly aging population, especially in developed countries. The importance of medical imaging Today, medical diagnosis without diagnostic imaging is hardly imaginable. It makes it possible to take a detailed image of the human body and his structures, thus allowing an exact diagnosis and to choose the most appropriate treatment. Although most types of diagnostic imaging are painless, some require a patient to remain still for an extended period inside a machine, which causes problems for some patients, i.e. claustrophobia. Other methods could involve exposure to some radiation or being anesthetized. The fact that there are, for example, annually 35-40 million MRI scans in the United States alone, shows the massive impact and importance of medical imaging in today’s health care.

The global diagnostic imaging market reached US$ 29.93 billion in 2024 and is expected to reach US$ 46.25 billion by 2033

The global diagnostic imaging market is expected to witness a growth rate of 5-6% during the forecast period. This growth is driven by the increasing incidences of chronic diseases, the rising demand for diagnostic imaging services, the growing awareness about preventive healthcare, and technological advancements associated with diagnostic imaging services. To learn more about the […]

The China Diagnostic Imaging Market Report is Segmented by Modality (MRI, Computed Tomography, Ultrasound, X-Ray, Nuclear Imaging, Fluoroscopy, and Mammography), Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, and Other Applications), And End User (Hospitals, Diagnostic Centers, and Other End Users). The Report Offers the Market Size and Forecasts in Value (USD) for the Above Segments.

The Mexico Diagnostic Imaging Equipment Market Report is Segmented by Modality (X-Ray, Ultrasound, Computed Tomography, MRI, Nuclear Imaging, Fluoroscopy & C-Arms, Mammography), Portability (Fixed Systems, Mobile & Hand-Held Systems), Application (Oncology, Cardiology, Neurology, and More), and End User (Hospitals, Diagnostic Imaging Centers, Specialty Clinics, Others). The Market Forecasts are Provided in Terms of Value (USD).

Europe Diagnostic Imaging Market was valued at USD 12.32 Billion in 2024 and is expected to reach USD 16.79 Billion by 2030, growing with a CAGR of 5.25% in the forecast period.

​Japan diagnostic imaging market size reached USD 1.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.1 Billion by 2033, exhibiting a growth rate (CAGR) of 5.6% during 2025-2033. Advancements in MRI technologies, significant developments in CT scanners, and innovations in ultrasound and nuclear medicine, tailored to provide superior imaging solutions, are primarily driving the market growth.

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.

Diagnostic Imaging Market size is expected to be worth around US$ 63.4 billion by 2033 from US$ 39.7 billion in 2023

Global diagnostic imaging market worth at USD 27.84 Billion in 2024, is expected to surpass USD 45.53 Billion by 2034, with a CAGR of 5% from 2025 to 2034.

The Germany Diagnostic Imaging Market Report is Segmented by Modality (MRI, Computed Tomography (CT), Ultrasound, X-Ray (Digital & Analog), Nuclear Imaging (PET / SPECT), and More), Portability (Fixed Systems and Mobile and Hand-Held Systems), Application (Cardiology, Oncology, Neurology, and More), and End-User (Hospitals, Diagnostic Imaging Centres, and More). The Market Forecasts are Provided in Terms of Value (USD).

Egypt Diagnostic Imaging Market was valued at USD 201.34 Million in 2024 and is anticipated to project impressive growth in the forecast period with a CAGR of 6.54% through 2030.

The US Medical Imaging Market size is expected to be worth around US$ 18.3 Billion by 2034 from US$ 11.1 Billion in 2024

Diagnostic Imaging Market size reached USD 28,145 million in 2022 and is estimated to reach USD 43,523 million in 2030 and the market is estimated to grow at a CAGR of 5.6% from 2023-2030.

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Medical Imaging Market Size 2025-2029

The medical imaging market size is forecast to increase by USD 15.2 billion at a CAGR of 6% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing prevalence of chronic conditions leading to an escalating demand for diagnostic imaging. However, the market faces challenges, including the high costs associated with medical imaging equipment and procedures, which may limit accessibility for some patients. MRI machines, CT scanners, X-ray systems, and fluoroscopy systems are some of the most commonly used imaging devices, while image processing software, DICOM standard, and image archiving are essential components of the medical imaging ecosystem.
These factors create a complex landscape for market participants, necessitating strategic planning and operational agility to capitalize on opportunities and navigate challenges effectively. Companies must focus on cost reduction strategies, collaborations, and innovation to remain competitive and meet the evolving needs of healthcare providers and patients. This trend is further fueled by the integration of Artificial Intelligenc (AI) technology into medical imaging, enabling faster and more accurate diagnoses.

What will be the Size of the Medical Imaging Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market encompasses various technologies, including minimally invasive surgery, molecular imaging, confocal microscopy, and image-guided interventions. These innovations have significant social impact by improving diagnostic accuracy and patient outcomes. Cloud computing and data analytics, driven by big data, facilitate efficient workflow and enhance industry standards. Training programs and continuing medical education ensure professionals stay updated with the latest techniques and ethical considerations. Robotic surgery and precision medicine are key trends, while radiation safety and patient safety remain top priorities. Industry professionals employ image guidance systems to ensure quality assurance and adhere to regulatory requirements.

Economic impact is substantial, with healthcare reform driving increased demand for cost-effective solutions. Professional societies and biomedical engineering collaborate to advance technology and address challenges. Molecular imaging and confocal microscopy contribute to early disease detection and personalized treatment plans. Quality assurance and workflow efficiency are essential for delivering optimal patient experiences. Service contracts and ongoing partnerships ensure seamless integration and maintenance of these advanced systems.

How is this Medical Imaging Industry segmented?

The medical imaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Hospitals
  Diagnostic imaging centers
  Others


Product

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


Application

  Cardiology
  Oncology
  Orthopedics and musculoskeletal
  Neurology
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The hospitals segment is estimated to witness significant growth during the forecast period. The market is witnessing significant growth, with hospitals leading the adoption of advanced imaging technologies. Hospitals serve as the primary hub for comprehensive patient care and diagnostic procedures, utilizing a range of imaging modalities such as MRI, CT, ultrasound, X-ray, and nuclear imaging systems. These technologies enable early disease detection, support clinical decision-making, and facilitate minimally invasive treatments. The emphasis on precision medicine and personalized care has driven the demand for more sophisticated imaging solutions, offering higher resolution, faster processing, and improved diagnostic accuracy. Image analysis, reconstruction, and segmentation are crucial components of the market, with AI-powered solutions gaining popularity for their ability to enhance diagnostic accuracy and streamline clinical workflows.

Telemedicine applications and remote diagnosis have become increasingly important, especially during the ongoing pandemic, allowing healthcare professionals to assess patients from a distance. Medical device manufacturers continue to innovate, developing new imaging technologies such as 3D image rendering, virtual reality applications, and object detection. Radiation therapy, on