Key Trends Influencing the Growth of the Medical Imaging Equipment Market in 2025: Advancements In Medical Imaging Equipment Case Of Exo Iris

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What Is the Expected CAGR for the Medical Imaging Equipment Market Through 2025?
The market size for medical imaging equipment has experienced significant expansion in the past few years. The market's gain is anticipated to rise from $45.75 billion in 2024 to $48.89 billion in 2025, marking a compound annual growth rate (CAGR) of 6.9%. The growth during the historical period can be associated with factors such as the growing aging population, the increasing disease prevalence, government-led initiatives, heightened awareness, and the integration of AI.

What's the Projected Size of the Global Medical Imaging Equipment Market by 2029?
There is a promising growth forecast for the medical imaging equipment market over the coming years. It is estimated to escalate to a value of $60.89 billion by 2029, boasting a compound annual growth rate (CAGR) of 5.6%. The growth drivers during the forecasted period are primarily the rise in personalized medicine, advancements in remote patient monitoring, growth in emerging markets, adoption of value-based healthcare, and precision medicine. The market will also be influenced by key trends including the incorporation of digital health, innovation in imaging modalities, technological evolution, telemedicine amalgamation, as well as advancements in portable and point-of-care imaging.

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Top Growth Drivers in the Medical Imaging Equipment Industry: What's Accelerating the Market?
The escalating occurrence of long-term health conditions is projected to stimulate the expansion of the medical imaging equipment industry. Characterized by a slow development over extended periods, often spanning years or even a lifetime, chronic illnesses are usually the result of shifts in lifestyle, inherited traits, and the aging process. Medical imaging tools play a crucial role in managing these ailments through enabling early detection, precise diagnosis, tailored treatment plans, and ongoing surveillance of disease advancement and responses to therapies. For instance, data from the World Health Organization, a specialized agency of the United Nations based in Switzerland, revealed in September 2022 that out of the 41 million global deaths, 74% were due to non-communicable diseases (NCDs) or chronic ailments. These include 17.9 million deaths from heart-related conditions, 9.3 million deaths through cancer, 4.1 million deaths from persistent respiratory diseases, and 2.0 million deaths from diabetes. Hence, the surging occurrence of chronic illnesses is fuelling the growth of the medical imaging equipment industry.

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What Trends Will Shape the Medical Imaging Equipment Market Through 2029 and Beyond?
Leading businesses in the medical imaging equipment market are focusing on the creation of sophisticated products such as Exo Iris, their most recent medical imaging apparatus. This equipment benefits from real-time artificial intelligence (AI) functionalities like SweepAI, which autonomously takes key images, thereby lessening dependence on the operator's expertise and promoting uniform and accurate imaging. For instance, in September 2023, Exo Iris, a new imaging device designed to be budget-friendly, compact, and user-friendly was launched by Exo, a medical imaging startup from the United States. This broadens its availability to various caregivers, encompassing doctors, nurses, EMTs, and clinicians in emergency, acute care, outpatient, and home settings. In addition, it provides features such as an ultra-wide viewing range that can image up to 150 degrees, allowing caregivers to capture the full view of a liver or a full-body fetus in just one view. The device further includes Exo Works, a solution for point-of-care ultrasound workflows that assists in documenting and reviewing examinations in seconds 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 Top Companies are Driving Growth in the Medical Imaging Equipment Market?
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 Regions Will Dominate the Medical Imaging Equipment Market Through 2029?
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.

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