The medical imaging equipment market plays a vital role in modern healthcare by enabling accurate diagnosis and monitoring of various diseases through technologies such as X-ray, ultrasound, CT, MRI, and nuclear imaging. These tools are widely used across hospitals, diagnostic centers, and specialty clinics to assist in early detection, treatment planning, and preventive care. Market growth is fueled by increasing demand for advanced imaging solutions, a rising burden of chronic diseases, technological advancements like AI integration, and expanding access to healthcare in emerging regions. As imaging becomes more digital, portable, and patient-friendly, the market is expected to continue its strong upward trajectory.
According to Fortune Business Insights, the global medical imaging market was valued at USD 41.91 billion in 2024 and is projected to grow from USD 44.33 billion in 2025 to USD 68.43 billion by 2032, exhibiting a CAGR of 6.4% during the forecast period. In 2024, Asia Pacific dominated the medical imaging market with a market share of 38.61%.
In September 2023, GE Healthcare entered a strategic collaboration with the Mayo Clinic, aiming to fast-track innovation in medical imaging and theranostics. This partnership focuses on delivering advanced diagnostic tools and precision therapies to clinicians, elevating patient care.