Diagnostic Imaging Equipment Market Size Projected To Reach $71.44 Billion By 2034 With A Cagr Of 4.1%

The Diagnostic Imaging Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Diagnostic Imaging Equipment Market?
The diagnostic imaging equipment market has seen consistent growth, increasing from $56.96 billion in 2024 to $60.86 billion in 2025 at a CAGR of 6.9%, due to factors such as an aging demographic, higher disease incidence, supportive healTH*Care reimbursements, and regulatory clearances.

The diagnostic imaging equipment market is anticipated to grow steadily in the coming years. It is expected to reach $71.44 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.1%. This growth can be attributed to the integration of artificial intelligence (AI), the expansion of remote imaging services, the rise of personalized medicine, the growth in emerging markets, and an increase in minimally invasive procedures. Key trends include the adoption of 3D and 4D imaging, point-of-care imaging, radiation dose reduction, hybrid imaging, and a focus on environmental sustainability.

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What Are the Different Diagnostic Imaging Equipment Market Segments?
The diagnostic imaging equipment market covered in this report is segmented -

1) By Type: X-Ray Systems Devices And Equipment, Ultrasound Systems Devices And Equipment, Computed Tomography (CT) Scanners Devices And Equipment, Magnetic Resonance Imaging Systems Devices And Equipment, Cardiovascular Monitoring And Diagnostic Devices And Equipment, Nuclear Imaging Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments Or Equipment, Disposables

Subsegments:
1) By X-Ray Systems Devices And Equipment: Analog X-Ray Systems, Digital X-Ray Systems, Fluoroscopy Systems, Portable X-Ray Systems, Mammography Systems
2) By Ultrasound Systems Devices And Equipment: Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems, 2D Ultrasound Systems, 3D Or 4D Ultrasound Systems, Portable Ultrasound Systems
3) By Computed Tomography (CT) Scanners Devices And Equipment: Conventional CT Scanners, Spiral Or Helical CT Scanners, Multislice CT Scanners, Portable CT Scanners
4) By Magnetic Resonance Imaging Systems Devices And Equipment: Closed MRI Systems, Open MRI Systems, Extremity MRI Systems, High-Field MRI Systems, Low-Field MRI Systems
5) By Cardiovascular Monitoring And Diagnostic Devices And Equipment: ECG Systems, Echocardiography Systems, Stress Testing Systems, Cardiac Catheterization Equipment, Holter Monitoring Systems
6) By Nuclear Imaging Devices And Equipment: Positron Emission Tomography (PET) Scanners, Single-Photon Emission Computed Tomography (SPECT) Scanners, Hybrid PET Or CT Scanners, Gamma Cameras

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What Are the Primary Drivers Shaping the Diagnostic Imaging Equipment Market?
The growth of the diagnostic imaging equipment market is being driven by the rise in chronic diseases. Chronic conditions like cancer and diabetes require continuous medical care, and diagnostic imaging plays a crucial role in early detection. The World Health Organization reported that noncommunicable diseases cause 41 million deaths annually, making the need for diagnostic imaging equipment increasingly urgent.

Which Companies Are Leading in the Diagnostic Imaging Equipment Market?
Major companies operating in the diagnostic imaging equipment market include Siemens AG, Koninklijke Philips NV, Fujifilm Holdings Corporation, General Electric Company, Elekta AB, Carestream Health Inc., Hologic Inc., Medtronic plc, Mindray Medical International Limited, Canon Medical Systems Corporation, Esaote SpA, Shimadzu Medical Systems USA, Samsung Electronics Co. Ltd., Koning Corporation, Toshiba Medical Systems Corporation, Hitachi Medical Systems America Inc., Agfa-Gevaert NV, Analogic Corporation, Bracco Imaging SpA, Del Medical Inc., Esaote North America Inc., Imaging Dynamics Company Ltd., InfiMed Inc., Mediso Medical Imaging Systems Kft., NeuroLogica Corp., Planmed Oy, Shimadzu Corporation, SonoScape Medical Corp., SuperSonic Imagine SA, Terason, Toshiba America Medical Systems Inc., Ziehm Imaging GmbH, Zonare Medical Systems Inc.

What Are the Major Trends Shaping the Diagnostic Imaging Equipment Market?
In the diagnostic imaging equipment market, companies are advancing medical imaging technologies to boost diagnostic accuracy and efficiency. For instance, in April 2022, Wipro Ltd. and GE HealTH*Care Technologies partnered to develop the Aspire CT scanner under India's Atmanirbhar Bharat initiative. With a 30% improvement in image quality and a 50% increase in throughput, this system is aimed at expanding access to high-quality imaging in underserved regions.

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What Are the Top Revenue-Generating Geographies in the Diagnostic Imaging Equipment Market?
Western Europe was the largest region in the global diagnostic imaging equipment market in 2023. North America was the second largest region in the global diagnostic imaging equipment market. Africa. was the smallest region in the global diagnostic imaging equipment market. The regions covered in the diagnostic imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Diagnostic Imaging Equipment Market?
2. What is the CAGR expected in the Diagnostic Imaging Equipment Market?
3. What Are the Key Innovations Transforming the Diagnostic Imaging Equipment Industry?
4. Which Region Is Leading the Diagnostic Imaging Equipment Market?

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