United States Medical Imaging Equipment Market 2031 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

Medical Imaging Equipment Market size is estimated to reach a prominent value by 2031, growing at a CAGR of 5.7% during the forecast period (2024-2031).

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Key Development:

United States: Recent Medical Imaging Equipment Developments

✅ In November 2025, United Imaging showcased an expanded portfolio at RSNA 2025, highlighting its uMR Ultra 3T MRI system with ultra‐high‐resolution dynamic imaging and intelligent workflow enhancements, plus new uSONIQUE ultrasound solutions built on AI‐enabled automation.

✅ In November 2025, Canon Medical Systems launched the Mobirex i9 / Smart Edition high‐end mobile X‐ray system with enhanced radiography support functions boosting portability and imaging quality for clinical environments.

✅ In September 2025, 4D Medical received FDA 510(k) clearance for its CT VQ scan technology, the first tool to provide quantitative ventilation and perfusion analysis from a standard chest CT scan aiding pulmonary diagnostics.

✅ In September 2025, GE HealthCare introduced an AI app for automated ultrasound measurements that standardizes fetal imaging and enhances prenatal care consistency in U.S. clinics.

Japan: Recent Medical Imaging Equipment Developments

✅ In December 2025, a major Japanese medical imaging installer introduced the ImagingRing mobile imaging system at a hospital a mobile image‐guided small‐source treatment platform designed to deliver higher‐precision diagnostic imaging for radiotherapy workflows.

✅ In December 2025, clinical imaging facilities in Japan expanded use of AI‐enhanced MRI analysis tools, particularly cloud‐based MRI image processing software that improves SNR and high‐resolution imaging while shortening scan times for routine diagnostics.

✅ In November 2025, Canon Medical's multi‐position CT scanner capable of scanning patients in standing, sitting or supine positions continued deployment across Japanese clinical sites, enhancing detection of lesions that traditional supine‐only CT may miss.

✅ In October 2025, Siemens Healthineers launched a next‐generation MRI system in Japan featuring improved image quality and faster scan times to help address diagnostic demands from aging populations and chronic disease care.

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Europe: Recent Medical Imaging Equipment Developments

✅ In December 2025, Philips launched its BlueSeal Horizon 3.0T MRI platform a helium‐free high‐field system that eliminates dependence on large volumes of liquid helium along with the Verida AI‐enabled spectral CT system that integrates real‐time AI into imaging for improved clarity.

✅ In December 2025, Siemens Healthineers debuted the Magnetom Free.XL 0.55T MRI scanner designed for interventional radiology, enabling procedures within the scanner and reducing risks with a wider bore and lower field strength.

✅ In December 2025, Angelini Ventures and the European Investment Bank committed €150 million to co‐invest in European medtech and health startups part of strategic support for imaging innovations and deeper clinical tech ecosystems across the region.

✅ In November 2025, Canon Medical Systems announced the Alphenix 4D CT with Aquilion ONE / INSIGHT Edition for interventional procedures with expanded deployment across European clinical networks.

Key Players:

=> GE Healthcare, Shimadzu Corporation, Philips Healthcare, Genesis Medical Imaging inc., Hologic Inc., Siemens Healthcare, Samsung Medison Co. Ltd, Carestream Health Inc., Hitachi Medical Corporation, Fujifilm Holdings Corporation and Toshiba Corporation.

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Key Segments:

By Product Type

X-ray - ~15% share, widely used in diagnostics across orthopedics, cardiology, and emergency care due to cost-effectiveness and accessibility.
Computed Tomography (CT) - ~20% share, essential for oncology, cardiology, and trauma imaging, high adoption in hospitals and diagnostic centers.
Ultrasound - ~15% share, prominent in gynecology, cardiology, and prenatal care, favored for real-time imaging and safety.
Magnetic Resonance Imaging (MRI) - ~15% share, key for neurology, oncology, and musculoskeletal imaging; high-resolution imaging drives demand.
Nuclear Imaging - ~5% share, specialized for cardiology, oncology, and functional imaging studies.
Tactile Imaging - ~2% share, emerging segment for soft tissue assessment and cancer detection.
Photoacoustic Imaging - ~1% share, niche application in oncology and vascular imaging research.
Thermography - ~2% share, used in breast cancer screening and inflammation detection.
Elastography - ~3% share, growing adoption in liver, oncology, and musculoskeletal diagnostics.
Echocardiography - ~10% share, critical for cardiac monitoring and diagnostics.
Functional Near-Infrared Spectroscopy (fNIRS) - ~1% share, used in neurology and brain function research.
Mammography - ~11% share, major role in breast cancer screening and early detection.

By Application

Cardiology - ~20% share, driven by echocardiography, CT, MRI, and nuclear imaging.
Orthopedics - ~15% share, X-ray and CT dominate for bone and joint diagnostics.
Gastroenterology - ~10% share, MRI, CT, and ultrasound are primary tools.
Gynecology - ~10% share, ultrasound and MRI widely used for prenatal and reproductive health.
Oncology - ~25% share, CT, MRI, nuclear imaging, and mammography drive early detection and treatment planning.
Neurology - ~15% share, MRI, CT, and fNIRS are critical for diagnosis of neurological disorders.
Others - ~5% share, includes dermatology, vascular studies, and emerging imaging applications.

By End-User

Hospitals and Clinics - ~60% share, largest segment due to comprehensive diagnostic capabilities.
Ambulatory Surgery Centers - ~10% share, smaller but growing segment for outpatient imaging procedures.
Diagnostic Imaging Centers - ~25% share, specialized centers focusing on high-tech imaging modalities.
Others - ~5% share, includes research institutes, veterinary hospitals, and mobile imaging services.

By Region

North America - ~35% Share
Advanced healthcare infrastructure, high adoption of CT, MRI, and nuclear imaging, and strong R&D focus drive growth.

Europe - ~25% Share
Regulatory support and high healthcare expenditure favor MRI, CT, and mammography adoption.

Asia Pacific - ~25% Share
Fastest-growing region, driven by rising healthcare access, increasing hospital investments, and growing diagnostic awareness.

South America - ~10% Share
Moderate adoption, mainly in urban centers with focus on X-ray, ultrasound, and CT.

Middle East & Africa - ~5% Share
Emerging market with gradual adoption of MRI, CT, and ultrasound in private and tertiary care hospitals.

FAQ

Q: What is the growth rate of the Medical Imaging Equipment Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2024 to 2031.

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