Top Factor Driving Medical Imaging Market Growth in 2025: Rising Prevalence Of Chronic Illnesses Drives Growth In The Medical Imaging Market

How Are the key drivers contributing to the expansion of the medical imaging market?
The anticipated rise in chronic disease prevalence is predicted to fuel the expansion in the medical imaging market in the forthcoming future. A chronic disease or medical condition typically lasts beyond three months and might worsen over time. Elderly individuals are more susceptible to chronic diseases, which can often be managed but not cured completely. This escalating increase in chronic diseases enhances the medical imaging market due to their use in the identification and diagnosis of chronic conditions. For example, the U.S. National Library of Medicine's National Center for Biotechnology Information (NCBI) projected in January 2023 that by 2050, the population of individuals aged 50 and above with at least one chronic disease is expected to skyrocket by 99.5%, from 71.522 million in 2020 to 142.66 million. Thus, the growing prevalence of chronic diseases serves as a catalyst for the medical imaging market's growth.

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What growth opportunities are expected to drive the medical imaging market's CAGR through 2034?
The market size for medical imaging has seen substantial growth in the previous years. It forecasts an escalation from $43.24 billion in 2024 to $45.75 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. This growth in historical timeframes was due to factors like the increasing occurrence of chronic diseases, an aging population, governmental undertakings and investments in healthcare, enhanced awareness and early detection, as well as the rise in minimally invasive procedures.

Forecast projections illustrate robust growth for the medical imaging market in the coming years, ballooning to a healthy $59.3 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%. The surge in growth during the forecast period can be credited to emerging factors such as personalized medicine, new modalities and hybrid imaging techniques, readiness for global health crises, integration with electronic health records (EHRs), as well as a strong emphasis on patient-focused care. The period also forecasts significant trends like the rise of telemedicine and remote imaging, integration of artificial intelligence (AI), technological breakthroughs, developments in 3D and 4D imaging, and an uptick in the utilization of mobile and point-of-care imaging devices.

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What are the emerging trends shaping the future of the medical imaging market?
The primary enterprises in the medical imaging market, like Siemens Healthcare, are prioritizing the development of progressive technologies such as mobile connectivity, facilitating remote specialists' participation in scanning and diagnostics processes. This technology grants medical professionals the ability to monitor MRI scans remotely, access patient information, and receive alerts regarding the status of the scan or emergency situations. In November 2022, Siemens Healthcare, situated in Germany, unveiled its innovative mobile magnetic resonance imaging scanner, the Magnetom Viato.Mobile. Designed with mobile use in mind, it boasts of unrivaled flexibility due to the 70-centimeter patient bore and trailer setup, ensuring ease of movement and immediate on-site deployment. It offers remote operation ability and service via a fixed internet source or 4G, accommodating usage in various settings. This feature lessens the necessity for on-site personnel while still giving specialists the means to remotely oversee scans and maintenance.

Which growth-oriented segments of the medical imaging market are leading the industry's development?
The medical imaging market covered in this report is segmented -

1) By Product: X-Ray Devices, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography, Nuclear Imaging, Mammography
2) By Application: Obstetrics And Gynecology Health, Orthopedics And Musculoskeletal, Neuro And Spine, Cardiovascular And Thoracic, General Imaging, Oncology, Urology, Breast Health, Other Applications
3) By End User: Hospitals, Specialty Clinics, Diagnostic Imaging Centers, Other End Users

Subsegments:
1) By X-Ray Devices: Conventional X-Ray Systems, Digital Radiography Systems, Portable X-Ray Machines
2) By Magnetic Resonance Imaging (MRI): Closed MRI Systems, Open MRI Systems, Functional MRI (fMRI)
3) By Ultrasound: Diagnostic Ultrasound Systems, 3D/4D Ultrasound Systems, Portable Ultrasound Devices
4) By Computed Tomography (CT): Spiral/Helical CT Scanners, Cone Beam CT Scanners, Multi-Slice CT Scanners
5) By Nuclear Imaging: Positron Emission Tomography (PET) Scanners, Single Photon Emission Computed Tomography (SPECT) Scanners
6) By Mammography: Digital Mammography Systems, 3D Tomosynthesis Mammography Systems, Screening and Diagnostic Mammography Systems

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What regions are leading the charge in the medical imaging market?
North America was the largest region in the medical device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global medical imaging market report during the forecast period. The regions covered in the medical imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the medical imaging market?
Major companies operating in the medical imaging market include Hitachi Medical Corporation, General Electric Company, Medtronic PLC, Siemens Healthcare GmbH, Fujifilm Holdings Corporation, Koninklijke Philips N V, Hologic Inc., Mindray Medical International Limited, PerkinElmer Inc., Shimadzu Corporation, Varian Medical Systems Inc., Agfa-Gevaert Group, Neusoft Medical Systems Co Ltd., Carestream Health Inc., Esaote SpA, Analogic Corporation, Samsung Medison Co Ltd., Canon Medical Systems Corporation, TomTec Imaging Systems GmbH, IBM Watson Health, Ziehm Imaging GmbH, MIM Software Inc., SuperSonic Imagine SA, EOS Imaging SA, Cubresa Inc., Planmed Oy, CurveBeam LLC, ContextVision AB, Koning Health, Intrasense SA

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What Is Covered In The Medical Imaging Global Market Report?

•Market Size Forecast: Examine the medical imaging market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical imaging market for a structured understanding.
•Key Players Overview: Analyze major players in the medical imaging market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical imaging market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical imaging market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical imaging market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical imaging market.
•Competitive Landscape: Review strategic developments in the medical imaging market, including expansions, agreements, and new product launches.

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