BRIC Diagnostic Imaging Equipment Market: Rapid Technology Adoption Fuels 9.15% CAGR Surge

As per the BRIC Diagnostic Imaging Equipment Market analysis conducted by the Custom Market Insights Team, the market is expected to register a CAGR of 9.15% from 2025 to 2034. The market size is projected to reach USD 9.28 billion in 2025, and by 2034, it is anticipated to grow significantly to USD 20.61 billion.

This growth reflects the rising demand for advanced diagnostic imaging solutions across Brazil, Russia, India, and China-regions that continue to experience rapid healthcare modernization, increasing patient loads, and heavy public and private investments in radiology infrastructure.

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➤Market Overview

The BRIC Diagnostic Imaging Equipment Market encompasses a broad range of medical imaging modalities including X-ray systems, MRI machines, CT scanners, ultrasound devices, nuclear imaging systems, and mammography systems. These technologies play a crucial role in early disease detection, treatment planning, and clinical monitoring-especially in areas such as oncology, cardiology, neurology, and orthopedics.

Over the last decade, BRIC nations have significantly strengthened their healthcare ecosystems. The rise in chronic diseases, improvements in health insurance coverage, digital transformation in hospitals, and expansion of diagnostic imaging centers are collectively driving equipment demand. Moreover, the widespread adoption of AI-powered and portable imaging systems is accelerating modernization efforts across both urban and remote care settings.

Favorable government policies-such as India's Make in India healthcare push, China's focus on domestic manufacturing, and Brazil's growing radiology network expansion-are also supporting market expansion.

➤Market Size

• 2025 Market Size: USD 9.28 Billion
• 2034 Market Size Projection: USD 20.61 Billion
• CAGR (2025-2034): 9.15%

The growth trajectory indicates strong momentum supported by technology advancements and rising accessibility to high-end imaging modalities.

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➤Key Market Growth Drivers

1. Increasing Burden of Chronic Diseases
BRIC countries account for a disproportionate share of global chronic illness cases-including cancer, cardiovascular disease, and diabetes-driving rising diagnostic imaging needs for screening and disease management.

2. Technological Innovations in Imaging Systems
AI-enabled CT systems, helium-free MRI machines, portable ultrasound units, and cloud-enabled imaging solutions are increasingly adopted to improve diagnostic accuracy and workflow efficiency.

3. Healthcare Infrastructure Expansion
Significant investments in public hospitals, diagnostic imaging chains, and tele-radiology platforms are expanding access to advanced imaging across Tier II/Tier III cities and rural regions.

4. Growing Medical Tourism
India, China, and Brazil continue to attract international patients requiring cost-effective yet advanced diagnostic imaging procedures.

5. Favorable Policies Supporting Local Manufacturing
Government incentives for local production (e.g., India's Make-in-India and China's localization strategies) are encouraging domestic manufacturing and lowering equipment costs.

➤Leading Players

The BRIC Diagnostic Imaging Equipment Market is moderately consolidated, dominated by large-scale players with infrastructure and government support. Some of the key players in the market include:

• United Imaging Healthcare Company Limited
• Siemens Healthineers
• GE Healthcare
• Neusoft Corporation
• Basler AG
• Carestream Health, Inc.
• Arterys
• Hologic Inc.
• AiCure
• CURA Healthcare
• iCAD Inc.
• Others

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➤Market Challenges & Opportunities

➤Challenges

• High equipment costs: Advanced CT and MRI scanners involve substantial capital expenditure.
• Shortage of skilled radiologists: Growing imaging volumes are not matched by workforce availability.
• Regulatory hurdles: Variances in import regulations, certification processes, and regional approvals.
• Cybersecurity concerns: Increased use of cloud-based imaging platforms requires robust data protection.

➤Opportunities

• AI and ML integration: Enhancing image interpretation accuracy and reducing reporting times.
• Portable and point-of-care imaging: Ideal for rural healthcare and emergency departments.
• Tele-radiology expansion: Bridges the gap between urban specialists and remote diagnostic centers.
• Increasing local manufacturing: Reduces import dependency and improves affordability.
• Growing PPP (Public-Private Partnership) models: Encourages expansion of imaging networks in underserved areas.

➤Key Player Strategies

Leading players are implementing various strategies to strengthen their position:

• Product Innovation: Launching AI-enabled imaging platforms, low-helium MRI systems, and portable ultrasound devices.
• Geographic Expansion: Targeting fast-growing regions within BRIC countries via localized distribution networks.
• Strategic Collaborations: Partnerships with hospitals, diagnostic chains, and governments for radiology infrastructure development.
• Manufacturing Localization: Reducing costs through domestic production units and assembling plants.
• Service & Maintenance Strengthening: Building strong after-sales support to enhance customer loyalty and equipment uptime.

➤Recent Developments

• January 2025: Royal Philips launched the AI-enabled CT 5300 at AOCR 2025 and celebrated 1500+ installations of Helium-Free 1.5T MRI systems worldwide.
• June 2022: Trivitron Healthcare introduced made-in-India CT and MRI systems, enhancing imaging access in remote areas.
• March 2022: Carestream Health India unveiled DRX Compass and the LUX 35C detector for advanced diagnostic performance.

These developments highlight the industry's focus on AI integration, affordability, portability, and expanding access.

➤Investment Landscape and ROI Outlook

The BRIC imaging equipment market continues to attract strong investor interest. Increasing demand for diagnostic procedures and favorable government incentives make imaging investments highly profitable.

➤ROI Outlook

• High returns due to growing patient volumes and diagnostic demand.
• Stable recurring revenue from maintenance services, software upgrades, and imaging consumables.
• Long asset life of imaging systems improves long-term value generation.
• Attractive prospects for private equity investors in diagnostic imaging chains and radiology network expansion.

Healthcare investors also benefit from rapid modernization, AI-led automation, and rising insurance penetration across BRIC regions.

➤Market Segmentations

➤By Modality

• X-ray Systems
• Nuclear Imaging Systems
• MRI Systems
• Mammography Systems
• Ultrasound Imaging Systems
• CT Scanners

➤By End User

• Hospitals
• Diagnostic Imaging Centers

➤Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America
• Brazil
• Argentina
• Rest of Latin America

➤Why Buy This Report?

• Comprehensive analysis of market size, forecast, and growth trends.
• Detailed segmentation covering modality, end-user, and region.
• Insights into latest technological advancements and upcoming innovations.
• Evaluation of competitive landscape, leading players, and their strategies.
• Clear understanding of investment opportunities and ROI potential.
• Data-driven insights to support business expansion, product development, and strategic planning.
• Access to market-driven drivers, restraints, challenges, and future outlook.

➤FAQs

1. What is the expected CAGR of the BRIC Diagnostic Imaging Equipment Market?
The market is projected to grow at a CAGR of 9.15% from 2025 to 2034.
2. What will be the market size in 2034?
The market valuation is expected to reach USD 20.61 billion by 2034.
3. Which imaging modality is growing the fastest?
AI-enabled CT, portable ultrasound, and low-helium MRI systems are witnessing the fastest adoption.
4. Who are the major players in the market?
Key companies include Siemens Healthineers, GE Healthcare, United Imaging, Philips, Carestream Health, Trivitron Healthcare, Hologic Inc., and others.
5. What factors are driving market growth in BRIC countries?
Rising chronic diseases, technological advancements, expanding healthcare infrastructure, and supportive government policies.

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