Diagnostic Imaging Equipment Market is expected to reach US$ 66.06 billion by 2031 | Major key players - GE Healthcare, Shimadzu Corporation, Hologic Inc.

Market Size and Growth:

The Global Diagnostic Imaging Equipment Market size reached US$ 44.5 billion in 2023 and is expected to reach US$ 66.06 billion by 2031, growing at a CAGR of 5.2% during the forecast period 2024-2031. The Market growth is driven by rising prevalence of chronic diseases, increasing demand for early and accurate diagnosis, and continuous advancements in imaging technologies. According to DataM Intelligence

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The Diagnostic Imaging Equipment Market encompasses devices and technologies used to create visual representations of the body's internal structures for accurate disease diagnosis, monitoring, and treatment planning. It includes modalities such as X-ray, ultrasound, MRI, CT, and nuclear imaging systems, widely used in hospitals, diagnostic centers, and clinics to enhance medical decision-making and patient outcomes.

Industry Recent Developments: United States

✅ September 2025: GE Healthcare launched a next-generation diagnostic imaging platform combining AI-assisted CT, MRI, and PET scans. This platform offers faster and more accurate disease detection with improved workflow efficiency and diagnostic precision. It targets hospitals, imaging centers, and research institutions across the U.S.

✅ August 2025: Siemens Healthineers completed the acquisition of a U.S.-based imaging startup specializing in AI-enhanced mammography and radiology software. This acquisition expands Siemens' diagnostic imaging portfolio with faster, more reliable clinical decision-making tools.

✅ July 2025: Philips Healthcare invested $70 million to expand its diagnostic imaging R&D and production facilities in Massachusetts. The focus is on advanced MRI and CT technologies including AI-based image enhancement, increasing access to cutting-edge diagnostic tools for U.S. hospitals.

Industry Recent Developments: Japan

✅ October 2025: Japan's ultrasound systems market is expected to reach approximately $1.27 billion by 2034, driven by technological advancements and increasing demand for portable and advanced imaging devices.

✅ June 2025: The Japanese company EIZO Corporation introduced the RadiForce RX570, a 5-megapixel color monitor that supports simultaneous viewing of DICOM monochrome and color images designed to improve imaging workflows and diagnostic confidence.

✅ Mid to late 2025: Japan is seeing increased adoption of AI-powered multi-modal imaging suites for early detection of diseases such as gastric cancer. Providers prefer integrated suites capable of multiple scans in one visit, increasing installations of high-resolution CT and MRI systems.

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FDA Approvals / Clearances (2025):

✅ Philips - SmartSpeed Precise (MRI deep-learning reconstruction) received FDA 510(k) clearance (announced 2025; AI-enabled MR acceleration/reconstruction software).

✅ Siemens Healthineers - MAGNETOM Flow.Ace (1.5T helium-free MRI platform) cleared by FDA (clearance documentation and press coverage in 2025).

✅ Siemens Healthineers - Luminos Q.namix R & T radiography/fluoroscopy platforms cleared by FDA (multifunction rad/fluoro systems cleared in 2025).

✅ GE HealthCare - FDA clearance for new MRI/AI recon and AI organ-contour model (MR Contour DLiii / other AI recon tools) in 2025 (announced as FDA 510(k) clearances for imaging software).

✅ Components & accessories - multiple 510(k) clearances in 2025 (examples: MR coils, CT software and similar accessory devices were cleared; see FDA 510(k) listings for 2025).

Mergers & Acquisitions in 2025:

✅ AMETEK announced acquisition of FARO Technologies (FARO makes 3D measurement/imaging systems) - deal announced 2025 (value ≈ $920M). This strengthens imaging/measurement capabilities used across industries, including medical OEM supply chains.

✅ Private equity take-private / large deals involving imaging/diagnostics players - Blackstone & TPG proposed taking Hologic private in 2025 (Hologic is a major breast-imaging / diagnostic company). These kinds of transactions reshape ownership and strategy in the imaging space.

✅ Waters Corp / Becton Dickinson (BD) Biosciences & Diagnostics transaction announced - large diagnostics/analytical consolidation that has implications for downstream diagnostic markets and customers.

Other Regulatory Approvals (EU / CE / UK / regional) in 2025:

✅ CE marks and EU approvals for imaging AI and software: several imaging AI products obtained CE certification in 2025 (examples reported: DeepTek chest X-ray AI, Bracco + Subtle Medical AiMIFY MRI software, and other AI radiology tools). EU MDR / EU AI Act remain central to market access.

✅ CE / UKCA / regional items: companies continue to seek CE/UKCA marks alongside FDA clearances; regulatory landscape (MDR, EU AI Act, UK rules) is actively shaping time-to-market and post-market requirements for imaging AI.

Major Key Players:

GE Healthcare
Shimadzu Corporation
Koninklijke Philips N.V
Genesis Medical Imaging Inc.
Hologic Inc.
Siemens Healthcare
Samsung Medison Co. Ltd.
Carestream Health Inc.
Hitachi Medical Corporation
Toshiba Corporation.

Segments Covered in the Diagnostic Imaging Equipment Market:

By Product Type: X-ray, Computed Tomography, Ultrasound, Magnetic Resonance Imaging, Nuclear Imaging, Tactile Imaging, Photoacoustic Imaging, Thermography, Elastography, Echocardiography, Functional Near Infrared Spectroscopy, Mammography.

By Application: Cardiology, Orthopedics, Gastroenterology, Gynecology, Oncology, Neurology, Others.

By End-User: Hospitals and Clinics, Diagnostic Imaging Centers, Others.

Regional Analysis for Diagnostic Imaging Equipment 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)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Diagnostic Imaging Equipment market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Diagnostic Imaging Equipment Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Diagnostic Imaging Equipment market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Diagnostic Imaging Equipment Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

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

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

➠ What are the Diagnostic Imaging Equipment market opportunities and threats faced by the vendors in the global Diagnostic Imaging Equipment 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 Diagnostic Imaging Equipment market?

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

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