Medical Imaging Devices Market Study 2025-2030: Personalized Medicine and AI Integration Transforming Medical Imaging Landscape

Overview of the Medical Imaging Devices Market

The global Medical Imaging Devices market is estimated at US$43.7 billion in 2024 and projected to post a CAGR of 5.7% between 2024 and 2030 to reach US$61 billion in 2030. The growth of the market is driven by advancements in technology and the rising need for early diagnosis and effective management of chronic diseases. Increased healthcare spending, combined with advancements in imaging technologies such as AI integration, hybrid imaging, and portable devices, is fueling market growth.

An increasing occurrence of chronic diseases like cancer, cardiovascular issues, and neurological disorders requires more frequent imaging tests, resulting in a greater demand for diagnostic tools. Furthermore, the aging population, which often needs ongoing medical imaging to monitor health conditions, also plays a significant role in the market's growth.

Innovations in imaging methods like 3D and 4D imaging and AI-supported technologies enhance diagnostic precision and shorten turnaround times. In addition, the rising emphasis on personalized medicine and the incorporation of medical imaging with electronic health records (EHRs) improve patient care.

Regional Market Analysis

The North American Medical Imaging Devices market dominates the global market with an estimated share of 36.5% in 2024. In contrast, the Asia Pacific region is expected to witness the fastest growth rate, with a CAGR of 6.9% throughout the forecast period 2024-2030, fueled by population growth, growing chronic disease rates, and improvements in healthcare infrastructure.

Market Analysis by Product

Based on product, the Medical Imaging Devices market is segmented into X-ray, ultrasound, magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear imaging, and picture archiving and communication systems (PACS). Among them, the X-ray segment accounted for the largest market share of 28.9% in 2024, propelled by its extensive application in image-guided surgical procedures, particularly in interventional X-ray systems such as C-arms.

Market Analysis by Application

Based on application, the market is segmented into orthopedics, oncology, cardiology, neurology, obstetrics/gynecology, gastroenterology, and other applications. In 2024, the orthopedics segment led the application market, capturing a 27% share, fueled by the increasing prevalence of trauma, sports-related injuries, and orthopedic conditions, especially in older adults.

Market Analysis by End-User

Based on end-users, the market is segmented into hospitals, diagnostic imaging centers, specialty clinics, and other end-users. The hospitals segment held the largest market share of 48.7% in 2024, as these facilities are significant in adopting advanced medical imaging technologies like X-ray, MRI, CT, and ultrasound for patient diagnosis and treatment.

The diagnostic imaging centers segment is projected to register the fastest CAGR of 6.4% during the forecasted period 2024-2030 due to the growing demand for specialized services, outsourcing imaging functions, and rising awareness of chronic diseases. These centers are integrating technologies such as AI to enhance imaging capabilities, further supporting growth in procedures such as CT and MRI for diagnosis and treatment.

Report Scope

This global report on Medical Imaging Devices analyzes the global and regional markets based on product, application, and end-users for the period 2021-2030 with projections from 2024 to 2030 in terms of value in US$. Key metrics include historical period, base year, forecast period, and units in value market in US$. Companies mentioned include 20+ key players in the Medical Imaging Devices market.

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