Diagnostic Imaging Market Size, Share, and Trends 2025 to 2034

Diagnostic Imaging Market Size and Forecast 2025 to 2034

The global diagnostic imaging market size was estimated at USD 47.81 billion in 2024 and is anticipated to reach around USD 76.69 billion by 2034, expanding at a CAGR of 4.84% from 2025 to 2034. The rising awareness of early disease detection is expected to boost the market growth.

Diagnostic Imaging Market Key Takeaways

• North America dominated the diagnostic imaging market and contributed the highest market share of 44% oin 2024.
• Asia Pacific is expected to grow at a notable CAGR during the forecast period.
• By product type, the ultrasound segment accounted for the biggest market share of 34% in 2024.
• By application, the oncology segment dominated the global market in 2024.

Impact of AI on the Diagnostic Imaging Market?

AI-driven diagnostic imaging has opened up new possibilities and is transforming diagnostic imaging in the healthcare industry by assisting healthcare practitioners and doctors to provide more accurate, quick, and efficient diagnoses. AI can enhance the accuracy and efficiency of interpreting medical images such as MRIs, X-rays, and CT scans. By leveraging AI, diagnostic imaging technology allows healthcare professionals to identify abnormalities and detect diseases with higher precision and speed. AI-powered diagnostic tools can speed up the interpretation of complex images and improve efficiency, resulting in the early detection of chronic diseases. Moreover, AI can enhance the accuracy of diagnosis and treatment efficiency, improving overall patient care.

• In December 2024, CarePlus Clinics announced the launch of its state-of-the-art Diagnostic Imaging Center at the CarePlus District 1 Branch. The center highlights MRI and CT scan services integrated with advanced AI technology, marking a new milestone in enhancing comprehensive healthcare experiences. The integration of these imaging technologies plays a crucial role in disease screening, diagnosis, and treatment, particularly for routine health check-ups, cancer screenings, and other critical health conditions.
• In February 2024, Royal Philips announced the launch of the Philips CT 5300 system equipped with advanced AI capabilities designed to be used for diagnosis, interventional procedures, and screening. The flexible X-ray CT system increases diagnostic procedures, streamlines workflow efficiency, and maximizes system up-time, helping to improve patient outcomes and department productivity.

U.S. Diagnostic Imaging Market Size and Growth 2025 to 2034

The U.S. diagnostic imaging market size was evaluated at USD 15.78 billion in 2024 and is predicted to be worth around USD 25.77 billion by 2034, rising at a CAGR of 5.02% from 2025 to 2034.

North America accounted for over 44% of the market share in 2024. The increased adoption rate of the advanced technologies in the healthcare industry and the increased demand among the population for the advanced diagnostic imaging solutions has significantly boosted the growth of the North America market.

The increasing prevalence of chronic diseases and the availability of advanced diagnostic imaging solutions bolstered the growth of the market in the region.

Asia Pacific is estimated to be the most opportunistic segment during the forecast period. Asia Pacific is characterized by the increasing penetration of private hospitals and diagnostic centers. The rising awareness among the population regarding the availability of the advanced diagnostic imaging devices is expected to drive the market growth during the forecast period.

The surge in healthcare expenditures for the development of sophisticated healthcare devices further boost the growth of the market during the forecast period. Moreover, several developing and developed nations across the region are investing in advanced imaging technologies to enhance care.

• In July 2024, Trivitron Healthcare launched its Terrene CT scanner in India. The scanner has received approvals from the Bureau of Indian Standards, Atomic Energy Regulatory Board, and Central Drugs Standard Control Organization, marking a significant milestone in the Indian healthcare industry.

Diagnostic Imaging Market Growth Factors

• Rising demand for advanced imaging technologies drives the growth of the market.
• The growing geriatric population significantly fuels the growth of the global diagnostic imaging market.
• The rising prevalence of chronic diseases is expected to propel the market’s growth.
• The rising demand for early detection of diseases is anticipated to contribute to the expansion of the market during the forecast period.
• The increasing awareness among the population regarding the availability of advanced diagnostic devices positively impact the market.

Market Scope

Market Dynamics:

Driver

Increasing Burden of Chronic Diseases

With the increasing burden of chronic diseases worldwide, there is a significant increase in the adoption of diagnostic imaging solutions. Diagnostic imaging is important for detecting and treating numerous health conditions, such as neurological disorders and cardiovascular diseases. The prevalence of chronic diseases such as cancer, CVDs, and diabetes is on the rise across the globe. According to the International Diabetes Federation, around 700 million people will have diabetes around the globe by 2045. Moreover, global cancer cases are estimated to grow by 47% from 2020 to 2040, highlighting the need for advanced imaging technologies. In addition, the demand for diagnostic imaging is exponentially rising owing to the growing geriatric population, as old age people are more prone to various chronic diseases. The surge in awareness regarding the availability of advanced diagnostic devices is expected to contribute to the significant growth potential of the diagnostic imaging market.

Restraint

High Cost

High cost associated with advanced diagnostic imaging equipment discourage small healthcare organizations from adopting them, thereby hampering the growth of the market. Moreover, the lack of skilled radiologists, especially in underdeveloped countries, limits the usage of advanced imaging technologies.

Opportunity

Technological Advancements

Rising technological advancements in imaging technologies create immense opportunities in the market. Advanced imaging technologies play a vital role in the accurate and rapid diagnosis of diseases. Thus, market players are continuously launching new products to cater to consumers’ varying needs. For instance, in April 2024, Q Bio Inc., an innovator in medical imaging technology, announced the launch of Tensor Field Mapping (TFM), a new technology for Magnetic Resonance Imaging (MRI) that provided detailed insights into the human body that previously unimaginable. Furthermore, rising government investments in developing sophisticated healthcare infrastructure contribute to market expansion.

Product Type Insights

The ultrasound segment accounted for the biggest market share of 34% in 2024. This can be attributed to the increased adoption of the ultrasound equipment in the healthcare sector owing to its low cost and enhanced features such as instant and accurate ultrasound results, safety, improved radiation-free imaging, and non-invasiveness. It is one of the most popular and extensively used diagnostic imaging devices all over the globe, which led the growth of this segment as a dominating segment.

On the other hand, the computed tomography (CT) is estimated to be the most opportunistic segment during the forecast period. The CT segment witnessed a strong growth in 2022 owing to the increased adoption of the CT for diagnosis of the COVID-19 patients. The high-precision CT scanners and its integration with the technology like artificial intelligence is anticipated to further drive the growth of this segment.

Application Insights

The oncology segment dominated the global diagnostic imaging market in 2024, in terms of revenue and is estimated to sustain its dominance during the forecast period. This is simply attributed to the increased prevalence of cancer among the population. Lungs cancer is the most prominent type of cancer and accounts for the maximum number of cancer deaths across the globe. According to the International Agency for Research on Cancer, breast cancer has surpassed lungs cancer as the most diagnosed type of cancer. Therefore, the increased demand for the oncology diagnostic imaging has fostered the growth of this segment.

On the other hand, orthopedics is estimated to be the fastest-growing segment during the forecast period. The rising geriatric population and rising road accident cases is boosting the demand for the orthopedics segment. Moreover, the access to the technologically advanced devices for the diagnostics is fueling the market growth.

End User Insights

Based on the end user, the hospitals segment accounted largest revenue share of over 45% in 2024. The wide spread penetration of the public and private hospitals across the globe is the major factor behind the growth of this segment. Moreover, rising investments in the development of smart and technologically advanced hospitals equipped with advanced diagnostic imaging equipment will further drive the segment’s growth.

On the other hand, ambulatory imaging centers are estimated to be the most opportunistic segment. This is due to the rising investments in increasing the penetration of the ambulatory services in the rural areas to provide advanced care in the underdeveloped region is a major factor that propels the growth of this segment. The penetration of the ambulatory services is rising in the Southeast Asian countries.

Key Companies & Market Share Insights

The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.

• In April 2021, the NANO-X Imaging acquired the FDA approval for its Nanox.ARC digital X-Ray Technology.

The various developmental strategies like new product launches with latest and innovative features fosters market growth and offers lucrative growth opportunities to the market players.

Diagnostic Imaging Market Companies

• GE Healthcare
• Philips Healthcare
• Hitachi Medical Corporation
• Hologic, Inc.
• Siemens Healthcare
• Samsung Medison
• Shimadzu Corporation
• Toshiba Medical Systems Corporation
• Esaote S.P.A
• Fujifilm Corporation'

Recent Developments

• In November 2024, Detection Technology, a pioneer in X-ray detector solutions, unveiled a comprehensive portfolio of flat-panel X-ray detectors at the RSNA 2024 exhibition to advance medical imaging. This unique medical flat panel lineup includes 20 solutions that combine high frame rates with exceptional image quality at low doses and a wide dynamic range. The newly enhanced portfolio is optimized for a range of medical applications, including image-guided surgery, wireless radiography, fluoroscopy, oncology, and dental imaging.
• In October 2024, Clemson University collaborated with Prisma Health and unveiled a new 3T functional magnetic imaging (fMRI) machine at Prisma Health Oconee Memorial Hospital. This next-generation, non-invasive scanning technology provides faster, higher-quality medical imaging than previously available on the community hospital campus.
• In September 2024, Olympus Corporation announced the launch of VISERA S, an all-in-one imaging platform with stroboscopy. The new video platform integrates advanced diagnostic capabilities, including Narrow Band Imaging (NBI) technology. It is designed to improve ENT diagnostic efficiency and patient experience.

Segments Covered in the Report

By Product Type

• X-Ray
• Ultrasound
• Computed Tomography
• Nuclear Imaging
• Magnetic Resonance Imaging

By Application

• Oncology
• Neurology
• Cardiology
• Gynecology
• Orthopedics
• Others

By End User

• Hospitals
• Diagnostic Imaging Centers
• Ambulatory Imaging Centers

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World