Medical Imaging Equipment Market Size Worth $ 74,216.80 Million by 2032 | CAGR: 5.3%

Medical Imaging Equipment Market Size Worth $ 74,216.80 Million by 2032 | CAGR: 5.3%


The global medical imaging equipment market size is expected to reach USD 74,216.80 Million by 2032, according to a new study by Polaris Market Research. The report Medical Imaging Equipment Market Share, Size, Trends, Industry Analysis Report, By Type (CT Scanners, X-Ray Imaging Systems, MRI Systems, Ultrasound Imaging Systems, Nuclear Imaging Systems, Mammography Systems, Endoscopes, Others); End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The escalating demand for medical imaging equipment is closely linked to the expanding global geriatric population, which faces an increased risk of chronic diseases. As individuals age, their risk of developing conditions such as cardiovascular diseases, cancer, and neurological disorders rises significantly. Consequently, there is a growing imperative for advanced medical imaging technologies to facilitate timely and accurate diagnosis in older people. The utilization of imaging equipment becomes pivotal in monitoring and managing the health of the aging population, contributing to the upsurge in demand for these essential medical tools.

Moreover, the integration of cutting-edge technologies in medical imaging equipment further amplifies its significance in addressing the healthcare needs of older people. Advanced imaging modalities, such as magnetic resonance imaging (MRI), computed tomography (CT), and positron emission tomography (PET), offer improved diagnostic capabilities, enabling healthcare professionals to detect and assess age-related diseases more precisely. This technological integration not only enhances the quality of healthcare for older people but also propels the medical imaging equipment market by fostering innovation and development in the field.

Government initiatives and funding aimed at enhancing imaging infrastructure play a pivotal role in meeting the rising demand for medical imaging equipment. Recognizing the healthcare challenges posed by an aging population, governments worldwide are investing in upgrading medical facilities, including the acquisition of state-of-the-art imaging equipment. These strategic investments not only improve the overall healthcare infrastructure but also contribute significantly to meeting the growing demand for medical imaging services tailored to the needs of older people.

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Furthermore, there is a noteworthy shift towards homecare for the aging population, influenced by factors such as convenience, cost-effectiveness, and the desire for a more comfortable environment. This trend has a profound impact on the medical imaging equipment market as portable and compact imaging devices become increasingly sought after. The development of smaller, more accessible imaging tools enables healthcare providers to extend their services to homecare settings, ensuring that older people receive timely and convenient diagnostic services. Consequently, the intersection of a growing geriatric population and the shift towards homecare is reshaping the landscape of the medical imaging equipment market, emphasizing the need for innovative and adaptable solutions to meet the evolving healthcare demands of an aging demographic

Medical Imaging Equipment Market Report Highlights

  • In 2023, the diagnostic imaging centers segment accounted for the largest market share in the Medical Imaging Equipment Market. Diagnostic imaging centers play a vital role in guiding medical interventions through ultrasound-guided biopsies, needle placements in blood vessels, and other tissues of interest.
  • The ultrasound imaging systems segment is expected to grow at the fastest CAGR during the forecast period. The growing prevalence of ultrasound imaging among pregnant women underscores its significance in monitoring fetal development and ensuring maternal health.
  • In 2023, North America dominated the largest market. Rising awareness among the general population about healthcare and related technologies is another factor driving market growth. The introduction of integrated and remote diagnostic imaging services and systems further accelerates the expansion of the market.
  • Asia Pacific is expected to grow at the fastest CAGR in Medical Imaging Equipment Market. the region is experiencing rapid urbanization and economic development, leading to increased healthcare infrastructure investments and rising healthcare expenditure.
  • The global key market players are Canon Inc., Carestream Health Inc., Esaote S.P.A., Fujifilm Corporation, General Electric, Hologic, Inc., Koninklijke Philips N.V., Narang Medical Limited, PLANMECA OY, Siemens Healthcare Private Limited.

Polaris Market Research has segmented the medical imaging equipment market repair report based on type, end-use and region.

Medical Imaging Equipment, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • CT Scanners
  • X-ray Imaging Systems
  • MRI Systems
  • Ultrasound Imaging Systems
  • Nuclear Imaging Systems
  • Mammography Systems
  • Endoscopes
    • Rigid Endoscope
    • Flexible Endoscope
    • Others
  • Others

Medical Imaging Equipment, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Hospitals
  • Diagnostic Imaging Centers
  • Others

Medical Imaging Equipment, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Medical Imaging Equipment Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 48,551.58 million

Revenue forecast in 2032

USD 74,216.80 million

CAGR

5.3% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Type, By End-Use, And By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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