Radiology Market Analysis by Modality: MRI, CT, X-ray & Ultrasound | Major Companies are GE HealthCare, Koninklijke Philips N.V., FUJIFILM Holdings Corporation.

Radiology Market Size reached US$ 33.0 billion in 2024 and is expected to reach US$ 57.3 billion by 2033, growing at a CAGR of 6.4% during the forecast period 2025-2033.

The Radiology Market is extensively analyzed in the latest study by DataM Intelligence, delivering a well-rounded assessment backed by reliable statistics, historical data, and strategic insights. This report profiles leading industry players, examining their product offerings, pricing strategies, financial health, and growth initiatives. It offers a clear perspective on market dynamics, competitive landscape, and emerging trends that are set to shape the industry's future.

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Advancements in imaging technology are playing a pivotal role in propelling the growth of the radiology market.
Artificial intelligence (AI) has become a transformative force, enabling the analysis of radiological images with exceptional accuracy and the ability to detect subtle abnormalities that may go unnoticed by human eyes. This has led both established industry leaders and emerging companies to prioritize the development and integration of AI-powered radiology solutions.

For example, in May 2025, GE HealthCare introduced CleaRecon DL, an AI-driven innovation designed to enhance cone-beam computed tomography (CBCT) image quality. Powered by a deep-learning algorithm, this solution effectively removes streak artifacts caused by pulsatile blood flow and contrast distribution changes during CBCT scans, particularly in liver, prostate, neuro, and endovascular aortic repair procedures. CleaRecon DL has received U.S. FDA 510(k) clearance and the CE mark, and is now available on the Allia platform.

List of the Key Players in the Radiology Market:

GE HealthCare, Koninklijke Philips N.V., FUJIFILM Holdings Corporation, Carestream Health, Hologic, Inc., Stryker Corporation, Boston Scientific Corporation, Siemens Healthineers AG, CANON MEDICAL SYSTEMS USA, INC., and Shimadzu Corporation

Radiology Industry Development:

In April 2025, SPARK Radiology, a leading innovator in medical imaging, announced the launch of SPARK.ai in India a next-generation platform designed to revolutionize radiologists' daily reporting workflows. In response to mounting workload pressures, SPARK.ai offers a reimagined, AI-enabled workflow that reduces manual tasks, accelerates report turnaround times, and allows radiologists to focus on their core mission: delivering precise and timely diagnoses.

In February 2025, DeepHealth, Inc. unveiled its advanced AI-driven radiology informatics and population screening solutions at the European Congress of Radiology (ECR) 2025 in Vienna. These solutions run on DeepHealth OS, a secure, scalable, cloud-native platform that enables seamless data integration and interoperability with wider healthcare IT ecosystems. DeepHealth also announced key strategic collaborations with major industry players to facilitate large-scale adoption of AI in radiology.

In September 2024, Harrison.ai introduced Harrison.rad.1, a groundbreaking vision-language model tailored specifically for radiology. This AI tool enables open-ended conversations about X-ray images, accurately identifying abnormalities and generating diagnostic reports with a strong emphasis on clinical safety and reliability.

In November 2024, Thomson Hospital Kota Damansara debuted United Imaging's advanced 3T MRI scanner, marking a significant step forward in diagnostic imaging. The state-of-the-art technology is expected to enhance diagnostic precision, improve patient comfort, and streamline scan times reinforcing the hospital's ongoing commitment to world-class patient care.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the Radiology Market:

By Imaging Modality: X-Ray Imaging, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound Imaging, Mammography, Angiography, Nuclear Medicine Imaging, Positron Emission Tomography, Others.

By Technology: Digital Radiology, Analog Radiology, AI-Enabled Radiology.

By Application: Oncology, Cardiology, Neurology, Orthopedics, Obstetrics and Gynecology, Others.

By Procedure Type: Diagnostic Radiology, Interventional Radiology.

By End-User: Hospitals, Specialty Clinics, Diagnostic Centers, Academic and Research Institutes, Others.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for Radiology Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Radiology market?

➠ Who are the global key manufacturers of the Radiology Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Radiology market opportunities and threats faced by the vendors in the global Radiology Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Radiology market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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