The Medical Imaging Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Medical Imaging Market?
The market size for medical imaging has seen significant growth recently. It is projected to increase from $43.24 billion in 2024 to $45.75 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Medical Imaging Industry?
The Medical Imaging Global Market is expected to reach a size of $59.3 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.7%.
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What are the Key Growth Drivers Fueling the Medical Imaging Market?
The key drivers in the medical imaging market are:
• Rising popularity of personalized medicine approaches
• Advent of emerging modalities and hybrid imaging
• Increase in global health challenges and preparedness
• Enhanced integration with Electronic Health Records (EHRs) and focus on patient-centric care
Global Market Segmentation: Identifying Major Medical Imaging Industry Segments
The medical imaging market covered in this report is segmented –
1) By Product: X-Ray Devices, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography, Nuclear Imaging, Mammography
2) By Application: Obstetrics And Gynecology Health, Orthopedics And Musculoskeletal, Neuro And Spine, Cardiovascular And Thoracic, General Imaging, Oncology, Urology, Breast Health, Other Applications
3) By End User: Hospitals, Specialty Clinics, Diagnostic Imaging Centers, Other End Users
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What are the Emerging Trends Shaping the Future of the Medical Imaging Market?
The key trends in the medical imaging market are:
• Personalized medicine approaches and emerging modalities/ hybrid imaging techniques are shaping the future of the market.
• Global health challenges and preparedness, along with integration with electronic health records are vital trends impacting the market direction.
• The increasing importance of patient-centric care, coupled with advancements in telemedicine and remote imaging, are becoming significant market trends.
• The rise in the use of AI integration, developments in 3D and 4D imaging technology, as well as the increase in the use of portable and point-of-care imaging devices are other notable trends.
Who Are the Top Competitors & Leading Players in the Medical Imaging Market?
Major companies in the medical imaging market are:
• Hitachi Medical Corporation
• General Electric Company
• Medtronic PLC
• Siemens Healthcare GmbH
• Fujifilm Holdings Corporation
• Koninklijke Philips N V
• Hologic Inc.
• Mindray Medical International Limited
• PerkinElmer Inc.
• Shimadzu Corporation
• Varian Medical Systems Inc.
• Agfa-Gevaert Group
• Neusoft Medical Systems Co Ltd.
• Carestream Health Inc.
• Esaote SpA
• Analogic Corporation
• Samsung Medison Co Ltd.
• Canon Medical Systems Corporation
• TomTec Imaging Systems GmbH
• IBM Watson Health
• Ziehm Imaging GmbH
• MIM Software Inc.
• SuperSonic Imagine SA
• EOS Imaging SA
• Cubresa Inc.
• Planmed Oy
• CurveBeam LLC
• ContextVision AB
• Koning Health
• Intrasense SA
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the medical device market in 2024
