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Medical Imaging Equipment Market Size to Hit USD 62.51 Billion by 2031 with 4.5% CAGR | Business Market Insights
Technology is starting to become a major driver for this market. We expect integrated capabilities of medical imaging with AI-powered technologies such as smart automated diagnostics, enhanced image analysis, and real-time decision support to improve clinical workflows with higher accuracy, efficiency and expand access to high quality care. This represents a fundamental change in the way medical imaging supports formal diagnosis and treatment worldwide.
Europe , has a well-established healthcare infrastructure providing a foothold for imaging technology and equipment, including low-radiation devices, hybrid imaging technologies, and other advanced imaging modalities. An increased focus on personalized medicine and sustainable healthcare solutions will also contribute to advancing the regional market.
The Medical Imaging Equipment Market is populated by several key players, each contributing to its growth and innovation. Some prominent players are:
In-Situ Hybridization (FISH) Imaging, Clinical Trial Imaging, Whole Slide Imaging, Diagnostic Imaging, Retinal Imaging
The medical imaging equipment market is poised for steady growth. This growth is driven by rising chronic diseases, a higher need for early and accurate diagnoses, and quick tech progress like AI and portable imaging. New trends such as the shift toward the tailored or personalized medicine and hybrid imaging systems, are driving new ideas. On the other hand, factors such as high cost of advance imaging modalities and stringent regulatory guidelines can hamper the industry growth.
The North America medical imaging equipment services market is expected to reach US$ 8,916.28 Mn in 2027 from US$ 6,526.03 Mn in 2018. The market is estimated to grow with a CAGR of 3.6% from 2019-2027.
The US medical imaging equipment services market is expected to reach US$ 5,848.2 Mn in 2027 from US$ 4,169.0 Mn in 2018. The market is estimated to grow with a CAGR of 3.9% from 2019-2027.
Medical imaging market in Europe is expected to grow from US$ 7,703.9 million in 2021 to US$ 10,003.1 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028.
The medical endoscopes market size is expected to reach US$ 22,467.07 million by 2031 from US$ 14,487.23 million in 2024. The market is estimated to record a CAGR of 6.5% from 2025 to 2031.
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