Medical Imaging Equipment Market Projected to Reach $74,216.80 Million by 2032 at 5.3% CAGR

The medical imaging equipment market size was valued at USD 46,639.36 million in 2023. It is projected to grow to USD 74,216.80 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2032.

Market Definition
Medical imaging equipment indicates many varied imaging technologies that medical experts utilize to perceive the human body det,ect a patient, and observe or cure deformities, illnesses, and medical conditions. These several imaging patterns involve X-rays, computed tomography (CT) scans, magnetic resonance imaging (MRI), ultrasound, and nuclear medicine, among others.

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Growth Drivers and Opportunities:

• Several reasons have contributed to the expansion of the medical imaging equipment market in recent years. Among these is the surge in demand for 3D medical imaging devices. These devices offer a thorough and complete perspective of the anatomical framework, easing superior diagnostics and treatment planning.

• The market size will expand due to the altering lifestyle motifs and the existence of lifestyle-connected illnesses. The rise in detrimental illnesses requires more continual and progressive diagnostic processes for premature observation and mediation.

Key Players
In the aggressive topography of the market, the firms support progressive technologies and substantial distribution frameworks to sustain their market positions. Here is the list of the leading companies operating in the medical imaging equipment market:
• 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

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Geographical Landscape:
Medical Imaging Equipment Market, Regional Outlook (Revenue - USD Million, 2019-2032)
o North America
 Type Outlook
 CT Scanners
 X-ray Imaging Systems
 MRI Systems
 Ultrasound Imaging Systems
 Nuclear Imaging Systems
 Mammography Systems
 Endoscopes
 Rigid Endoscope
 Flexible Endoscope
 Others
 Others
 End-Use Outlook
 Hospitals
 Diagnostic Imaging Centres
 Others

o Europe
 Type Outlook
 CT Scanners
 X-ray Imaging Systems
 MRI Systems
 Ultrasound Imaging Systems
 Nuclear Imaging Systems
 Mammography Systems
 Endoscopes
 Rigid Endoscope
 Flexible Endoscope
 Others
 Others
 End-Use Outlook
 Hospitals
 Diagnostic Imaging Centres
 Others

Segmentation Overview:
The medical imaging equipment market analysis is mainly based on type, end-use, and region. Based on end use, the diagnostic imaging centers segment held the largest revenue share in 2023. These centers function as necessary nuclei for several diagnostic processes, capitalizing on progressive technologies to envision and examine the internal framework of the human body.

Moreover, according to type, ultrasound imaging systems are projected to witness the fastest growth. Ultrasound utilizes high-frequency sound waves to offer real-time perspectives within the body without ionizing radiation subjection.

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