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

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Medical Imaging Market Size Growth Forecast: What to Expect by 2025?
In recent times, the medical imaging market has seen robust growth. The predictions state that the growth from $43.24 billion in 2024 to $45.65 billion in 2025, a compound annual growth rate (CAGR) of 5.6%, would occur. Factors that have contributed to the growth in the historic period include an increase in chronic disease cases, an ageing population, government measures and investment in healthcare, amplified awareness and early diagnosis, as well as the upswing in minimally invasive procedures.

How Will the Medical Imaging Market Size Evolve and Grow by 2029?
In the upcoming years, the market size for medical imaging is anticipated to experience robust growth, reaching $59.03 billion by 2029 with a compound annual growth rate (CAGR) of 6.6%. This estimated growth in the forecast period can be credited to factors such as the adoption of personalized medicine approaches, the rise of emerging modalities and hybrid imaging, global health issues and readiness, integration with electronic health records (EHRs), and the focus on patient-centric care and experience. Key trends during the forecast period are projected to be telemedicine and remote imaging, the incorporation of artificial intelligence (AI), technological advancements, progress in 3D and 4D imaging, and the growing utilization of mobile and point-of-care imaging devices.

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What Drivers Are Propelling the Growth of Medical Imaging Market Forward?
The surge in chronic disease cases is anticipated to fuel the expansion of the medical imaging market in the near future. A chronic disease is a medical issue that usually lasts longer than three months and has the capacity to deteriorate over time. Elderly individuals are more prone to chronic diseases, which can usually be controlled but not completely healed. The rise in chronic diseases stimulates the growth of the medical imaging market, as these tools are utilized in diagnosing and spotting these prolonged illnesses. For example, by January 2023, the National Center for Biotechnology Information (NCBI), a National Library of Medicine based in the US, has projected that by 2050, the population of individuals aged 50 years and older with at least one chronic disease will escalate by 99.5%, increasing from 71.522 million in 2020 to 142.66 million. Consequently, the escalating prevalence of chronic diseases is advancing the medical imaging market.

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What Are the Key Trends Driving Medical Imaging Market Growth?
Major corporations in the medical imaging market are channeling their efforts into creating technological advancements, such as mobile connectivity. This feature would permit remote professionals to aid with scanning procedures and diagnostics. Through mobile connectivity, health experts can remotely regulate MRI scans, access patient information, and receive alerts about the scan's progress or any potential emergencies. For example, Siemens Healthcare, a healthcare company based in Germany, introduced a new mobile magnetic resonance imaging scanner, the Magnetom Viato.Mobile, in November 2022. This scanner was created with mobile use optimization in mind. It stands out due to its 70-centimeter patient bore and trailer setup, offering significant flexibility, simple transport, and ease of on-site setup. Using fixed internet or 4G, the device supports remote service and operations, making it usable in a range of locations. This reduces the necessity for staff on-site whilst allowing specialists to handle scans and upkeep remotely.

What Are the Key Segments in the Medical Imaging Market?
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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Who Are the Key Players Shaping the Medical Imaging Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth 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.

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