Primary Catalyst Driving Medical Imaging Equipment Market Evolution in 2025: Role Of Medical Imaging Equipment In Addressing The Rising Prevalence Of Chronic Diseases Driver

What Is the Future Outlook for the Medical Imaging Equipment Market's Size and Growth Rate?
The medical imaging equipment market will grow from $45.75 billion in 2024 to $48.89 billion in 2025, at a CAGR of 6.9%. This growth is driven by the rising aging population, increasing disease burden, government initiatives, rising awareness, and the integration of AI in imaging equipment.

The medical imaging equipment market is projected to reach $60.89 billion by 2029 at a CAGR of 5.6%. The growth is driven by personalized medicine, remote patient monitoring, and market expansion. Trends include digital health integration, innovative imaging modalities, portable imaging, and telemedicine applications.

What Is Stimulating Growth in the Medical Imaging Equipment Market?
The growing prevalence of chronic diseases is also expected to fuel the growth of the medical imaging equipment market. Chronic diseases, which develop gradually and persist for extended periods, require medical imaging equipment for early detection, accurate diagnosis, and ongoing monitoring. In September 2022, the World Health Organization (WHO) reported that 74% of global deaths were caused by non-communicable diseases (NCDs), including cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes. This rise in chronic diseases worldwide is contributing to the growing demand for medical imaging equipment.

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Which Key Market Leaders Are Driving Medical Imaging Equipment Industry Growth?
Major companies operating in the medical imaging equipment market are Medtronic plc., Siemens Healthineers, Fujifilm Medical Systems, Philips Healthcare, Stryker Corporation, GE Healthcare, Analogic Corporation, EIZO Corporation, Terumo Corporation, Mindray Medical International Limited, Hologic Inc., Shimadzu Corporation, PerkinElmer Inc., Carestream Health, Barco NV, Varian Medical Systems Inc., Esaote S.p.A., Samsung Medison Co. Ltd., Canon Medical Systems Corporation, Hitachi Healthcare Ltd., Planmed Oyj, Misonix Inc., Nano X Imaging Ltd., InnoScan Inc

Which Key Developments Are Influencing the Medical Imaging Equipment Market?
In the medical imaging equipment market, companies are developing advanced devices like Exo Iris, which integrates real-time artificial intelligence (AI) technology. Exo Iris, launched by Exo in September 2023, is an affordable, compact imaging device that includes SweepAI technology to automatically capture high-quality images. It is designed to be used by a variety of caregivers, including doctors, nurses, and EMTs, in emergency and outpatient settings. The device offers an ultra-wide field of view and includes Exo Works, a workflow solution for point-of-care ultrasound that enables quick documentation and review from any location.

What Are the Main Segments in the Medical Imaging Equipment Market?
The medical imaging equipment market covered in this report is segmented -

1) By Equipment: Computed Tomography, X-Ray Systems, Magnetic Resonance Imaging (MRI) Systems, Ultrasound Systems, Nuclear Imaging Equipment, Mammography Equipment, Contrast Media Injectors, C-Arms And Fluoroscopy Device
2) By Modality: Stand-Alone Devices, Portable Devices, Hand-Held Devices
3) By Application: Cardiology, Neurology, Orthopedics, Gynecology, Oncology, Other Applications
4) By End-User: Diagnostic Imaging Centers, Ambulatory Surgical Centers, Specialty Clinics, Research Institutes

Subsegments:
1) By Computed Tomography (CT) Systems: Stationary CT Scanners, Portable Or Handheld CT Scanners
2) By X-Ray Systems: Analog X-Ray Systems, Digital X-Ray Systems, Fluoroscopy X-Ray Systems
3) By Magnetic Resonance Imaging (MRI) Systems: Closed MRI Systems, Open MRI Systems, Extremity MRI Systems
4) By Ultrasound Systems: Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems, Portable Ultrasound Systems
5) By Nuclear Imaging Equipment: Single Photon Emission Computed Tomography (SPECT), Positron Emission Tomography (PET) Scanners, Hybrid PET Or CT Scanners
6) By Mammography Equipment: Analog Mammography Systems, Digital Mammography Systems, 3D Tomosynthesis Mammography Systems
7) By Contrast Media Injectors: CT Contrast Media Injectors, MRI Contrast Media Injectors, PET Or CT Contrast Media Injectors
8) By C-Arms And Fluoroscopy Devices: Mobile C-Arms, Mini C-Arms, Fixed C-Arms, Fluoroscopy Systems

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Which Geographic Area Leads the Medical Imaging Equipment Market?
Asia-Pacific was the largest region in the medical imaging equipment market in 2024. The regions covered in the medical imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Medical Imaging Equipment Global Market Report?

- Market Size Analysis: Analyze the Medical Imaging Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical Imaging Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medical Imaging Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Imaging Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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