|
Forecast
Period
|
2026-2030
|
|
Market
Size (2024)
|
USD
27.01 Billion
|
|
Market
Size (2030)
|
USD
36.39 Billion
|
|
CAGR
(2025-2030)
|
5.05%
|
|
Fastest
Growing Segment
|
X-Ray
|
|
Largest
Market
|
North
America
|
Market Overview
Global Diagnostic Imaging Market was valued at USD
27.01 Billion in 2024 and is expected to reach USD 36.39 Billion by 2030 with a
CAGR of 5.05% during the forecast period. The global diagnostic imaging market
is primarily driven by advancements in technology, rising healthcare needs, and
an aging population. Innovations such as artificial intelligence (AI)
integration, 3D imaging, and minimally invasive procedures are enhancing the
accuracy and efficiency of diagnostic imaging, making it more accessible and
effective. The increasing prevalence of chronic diseases like cancer,
cardiovascular conditions, and neurological disorders is driving demand for
early and accurate diagnostics. Growing healthcare infrastructure in emerging
markets, along with rising awareness about the benefits of early disease
detection, further supports market growth. Government investments in healthcare
and the increasing adoption of digital health solutions contribute to the
overall expansion of the diagnostic imaging market globally.
Key Market Drivers
Technological Advancements in Imaging Equipment
Technological innovation remains the backbone of
the global diagnostic imaging market. Over the years, diagnostic imaging
technologies have made remarkable strides, significantly impacting the quality
and efficiency of medical diagnostics. One of the most notable advances is the
integration of artificial intelligence (AI) and machine learning algorithms
into diagnostic imaging. AI-enabled devices can assist radiologists in
interpreting images more quickly and accurately by detecting patterns that may
be challenging to spot by the human eye. Machine learning algorithms can
process vast amounts of data from images, leading to faster diagnoses and
better treatment outcomes.
In addition to AI, developments in 3D imaging and
augmented reality (AR) are allowing for more detailed and immersive imaging.
For example, 3D imaging techniques provide radiologists with a comprehensive
understanding of complex anatomical structures, helping them to make more
accurate diagnoses. Augmented reality is increasingly being used in medical
imaging to enhance visualization during surgeries, allowing for real-time
guidance based on detailed scans. In October 2022, Philips launched ClarifEye,
an Augmented Reality (AR) surgical navigation solution in Japan. The company
highlighted the successful outcomes of the first patients treated using the
technology at the International University of Health and Welfare, Mita Hospital
in Tokyo, Japan.
Another breakthrough in imaging technology is the
transition from analog to digital systems. Digital imaging offers many
advantages, such as higher image resolution, enhanced image storage and
retrieval, and the ability to share images electronically across health
systems. Digital systems reduce the time and costs associated with film
development, providing a significant operational advantage for hospitals and
clinics.
Portable and point-of-care diagnostic imaging
devices have also emerged as a game-changer, particularly in remote or
underserved areas. Devices like handheld ultrasound machines and mobile MRI
scanners allow healthcare providers to deliver diagnostic services in rural and
resource-constrained settings, expanding access to advanced imaging and
improving patient care globally.
These technological advancements in imaging systems
are not just improving diagnosis; they are also helping reduce patient exposure
to radiation, particularly in modalities like CT and X-ray. Newer technologies,
such as digital X-rays and low-dose CT scans, deliver high-quality images at
reduced radiation levels, aligning with the growing emphasis on patient safety.
The incorporation of cutting-edge technologies has paved the way for faster,
more accurate, and more accessible diagnostic services, driving the growth of
the diagnostic imaging market.
Increase in Chronic Disease Prevalence
The global increase in chronic diseases is one of
the primary drivers of the diagnostic imaging market. Chronic conditions,
including cancer, cardiovascular diseases, diabetes, and neurological
disorders, are becoming more prevalent due to aging populations, lifestyle
changes, and environmental factors. Early detection of these conditions is
crucial, as it can significantly improve treatment outcomes and reduce
mortality rates. Diagnostic imaging plays an essential role in detecting and
diagnosing such diseases in their early stages, leading to better prognosis and
more effective management of these conditions. According to WHO, in 2021, noncommunicable
diseases (NCDs) were responsible for at least 43 million deaths, accounting for
75% of all non-pandemic-related fatalities worldwide. Of these, 18 million
people died from an NCD before reaching the age of 70, with 82% of these premature
deaths occurring in low- and middle-income countries. Overall, 73% of all
NCD-related deaths took place in these regions. Cardiovascular diseases were
the leading cause of NCD deaths, responsible for at least 19 million deaths in
2021. This was followed by cancers, with 10 million deaths, chronic respiratory
diseases accounting for 4 million deaths, and diabetes causing over 2 million
deaths, including those from kidney disease linked to diabetes.
For example, imaging technologies like MRI and CT
scans are commonly used to detect tumors in the early stages of cancer,
particularly in the breast, lungs, brain, and colon. These imaging tools help
clinicians assess the size, location, and spread of tumors, enabling them to
develop a tailored treatment plan. In the case of cardiovascular diseases,
diagnostic imaging methods like echocardiography, CT angiography, and MRI are
used to visualize blood flow, detect blockages, and monitor heart function.
As the incidence of chronic diseases increases
globally, the demand for diagnostic imaging services also rises. An aging
global population is a key factor contributing to the growing burden of chronic
diseases. As people live longer, they are more likely to develop chronic
conditions, which necessitate regular imaging to monitor disease progression
and evaluate treatment effectiveness.
In addition, advancements in imaging technologies
have improved the ability to detect diseases at earlier, more treatable stages.
This capability has led to a greater emphasis on preventive healthcare, where
patients are encouraged to undergo regular screenings and diagnostic tests to
detect chronic diseases before they become more severe. As awareness of the
benefits of early diagnosis grows, so too does the demand for diagnostic
imaging services. The rise of chronic diseases has highlighted the need for
personalized medicine, and diagnostic imaging is integral to this approach. By
using advanced imaging to assess the specific characteristics of a disease,
healthcare providers can tailor treatment plans to the individual patient’s
needs. This shift toward personalized care is driving the demand for more
sophisticated imaging techniques that offer precise and accurate results.
Rising Healthcare Expenditure
Rising healthcare expenditure is another critical
factor contributing to the growth of the global diagnostic imaging market.
Governments, private healthcare providers, and insurance companies around the
world are increasing their investments in healthcare systems, particularly in
diagnostic technologies. This surge in spending is driven by the growing
recognition of the importance of early detection and accurate diagnosis in
improving patient outcomes and reducing long-term healthcare costs.
In developed countries, rising healthcare costs
have prompted governments to seek more efficient and effective ways of
delivering care. Diagnostic imaging plays a key role in these efforts by
enabling earlier detection of diseases, which can reduce the need for expensive
treatments and hospitalizations later on. By investing in advanced imaging
technologies, healthcare systems can deliver more accurate diagnoses and
provide timely interventions, ultimately improving patient care and lowering
overall healthcare costs.
In emerging economies, rising healthcare
expenditures are fueling demand for modern diagnostic equipment, including MRI
machines, CT scanners, and ultrasound devices. As these countries experience
rapid economic growth, they are increasingly able to invest in healthcare
infrastructure and adopt cutting-edge medical technologies. This trend is
particularly evident in regions like Asia-Pacific, where the healthcare sector
is expanding rapidly to meet the needs of growing populations and a rising
middle class.
The adoption of diagnostic imaging is also
supported by government initiatives that promote the expansion of healthcare
services. For example, public health programs in many countries focus on
improving access to diagnostic services, particularly in underserved regions.
This investment in healthcare infrastructure boosts the demand for diagnostic
imaging technologies, contributing to market growth.
The increasing emphasis on patient-centered care
and personalized medicine is pushing healthcare providers to adopt advanced
diagnostic imaging systems. By offering more precise imaging, these systems
help healthcare professionals provide tailored treatment plans, improving
patient satisfaction and outcomes. The growing recognition of the role of
diagnostic imaging in achieving these goals further accelerates the market’s
expansion.
Aging Population
The global aging population is another significant
driver of the diagnostic imaging market. As life expectancy increases, the
proportion of elderly individuals worldwide is growing. According to the World
Health Organization (WHO), the number of people aged 60 years and older is
expected to double by 2050. This demographic shift is accompanied by an
increase in age-related diseases and conditions, including arthritis,
osteoporosis, neurodegenerative disorders, and cardiovascular diseases.
Elderly individuals often require frequent medical
evaluations, and diagnostic imaging plays a critical role in assessing and
monitoring various age-related health issues. For example, MRI and CT scans are
commonly used to detect early signs of dementia, stroke, or brain tumors in
elderly patients. Ultrasound and X-ray imaging are essential for diagnosing
bone fractures, joint conditions, and other musculoskeletal issues that become
more prevalent with age.
As the number of elderly individuals increases, so
does the demand for diagnostic imaging services. Healthcare providers are
investing in advanced imaging technologies to meet the needs of this growing
patient population. Healthcare systems are adapting to the challenges posed by
an aging population by implementing preventive care programs and early
detection strategies that rely heavily on diagnostic imaging.
The aging population often requires more
specialized imaging equipment tailored to the unique needs of older patients.
For example, imaging systems that accommodate patients with limited mobility or
those with implantable medical devices are becoming increasingly important. The
growing demand for diagnostic imaging to support the elderly population is a
key factor driving market growth.
Increased Awareness of Early Disease Detection
The growing awareness of the importance of early
disease detection has played a vital role in driving the global diagnostic
imaging market. As healthcare education and awareness campaigns have expanded,
more people are seeking preventive care and screenings to identify potential
health issues before they become serious. Public health initiatives focusing on
early detection of conditions such as breast cancer, prostate cancer, and
cardiovascular disease have contributed to the increased utilization of diagnostic
imaging services.
Imaging technologies such as mammography, CT scans,
and ultrasound are widely used in routine screenings for various cancers and
other conditions. For instance, breast cancer screenings using mammography have
become a standard part of healthcare regimens for women, particularly those
over 40 years old. Similarly, cardiac imaging technologies, including
echocardiography and CT angiography, are commonly used to monitor individuals
at risk of heart disease. As people become more proactive about their health, the
demand for diagnostic imaging continues to rise. In May 2023, Koninklijke
Philips N.V. introduced the Philips CT 3500, a premium CT system designed to
meet the needs of routine radiology and high-volume screening programs.
This shift toward early detection and prevention is
also being supported by technological advancements that make imaging more
accessible and affordable. Digital imaging systems and portable devices allow
for easier access to diagnostic services, even in underserved or remote areas.
This increased availability of diagnostic imaging further drives market growth,
as people are more likely to undergo regular screenings when they can access
high-quality imaging services conveniently and affordably.
Government Initiatives and Healthcare Reforms
Government initiatives and healthcare reforms have
significantly impacted the global diagnostic imaging market. Many countries
have recognized the importance of improving healthcare access and quality,
leading to increased public and private investments in the healthcare sector.
In particular, governments are focusing on enhancing diagnostic capabilities,
recognizing that early and accurate diagnosis is essential to improving
healthcare outcomes.
In some regions, governments have launched programs
aimed at expanding access to diagnostic imaging, particularly in underserved
areas. For example, public health initiatives may focus on providing free or
low-cost diagnostic imaging services to vulnerable populations. These efforts
have led to increased adoption of diagnostic imaging technologies in low- and
middle-income countries, where access to advanced medical equipment was once
limited.
Healthcare reforms in developed nations have
emphasized the need for cost-effective and efficient healthcare delivery.
Diagnostic imaging technologies, which enable early diagnosis and personalized
treatment, are seen as essential tools in achieving these goals. Government
funding for healthcare infrastructure, as well as incentives for healthcare
providers to invest in advanced imaging equipment, are helping to fuel the
growth of the diagnostic imaging market.
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Key Market Challenges
High Costs of Advanced Imaging Equipment
One of the most significant challenges facing the diagnostic
imaging market is the high cost associated with acquiring, installing, and
maintaining advanced imaging equipment. Technologies like MRI machines, CT
scanners, and PET scanners are expensive to purchase and operate. These costs
can be a substantial burden for healthcare providers, particularly in low- and
middle-income countries, where financial resources may be limited.
The high costs extend beyond just the initial
purchase; maintenance, calibration, and repair of imaging systems require
ongoing investment. For instance, MRI machines require regular servicing to
ensure they remain functional and accurate. The need for highly trained
technicians to operate these machines adds to operational costs.
The expense of diagnostic imaging also affects
insurance coverage and patient access, as many insurance providers may limit
the reimbursement for certain high-cost imaging procedures. This can lead to
inequities in access to advanced diagnostic services, particularly in rural and
underserved regions, creating a significant barrier to widespread adoption and
use of these technologies.
Shortage of Skilled Professionals
Another challenge facing the global diagnostic
imaging market is the shortage of skilled professionals, including
radiologists, imaging technicians, and medical physicists. Advanced imaging
systems require specialized knowledge and expertise to operate correctly,
interpret results, and ensure patient safety. The demand for radiologists and
technicians is increasing with the rising prevalence of chronic diseases and
the growing need for diagnostic imaging services. However, there is a shortage
of trained professionals to meet this demand, particularly in emerging
economies.
In many countries, there is a significant gap
between the number of trained imaging professionals and the growing need for
diagnostic services. This shortage not only limits the availability of imaging
services but can also lead to delays in diagnosis and treatment, which may
affect patient outcomes. As diagnostic imaging technologies become more
advanced, the need for continuous training and education for existing
professionals becomes even more critical. The lack of well-trained personnel,
coupled with high turnover rates in some regions, remains a significant
challenge to the growth of the diagnostic imaging market.
Key Market Trends
Rising Demand for Minimally Invasive Procedures
As patients and healthcare providers continue to
prioritize less invasive treatment options, the demand for minimally invasive
procedures is rising. Diagnostic imaging plays a critical role in guiding these
procedures, providing real-time visualization of internal structures without
the need for large incisions or surgeries. Techniques such as endoscopic
procedures, image-guided biopsies, and laparoscopic surgeries rely heavily on
diagnostic imaging technologies like ultrasound, CT, and MRI.
The ability to perform minimally invasive
procedures with the guidance of advanced imaging systems improves patient
outcomes by reducing recovery times, minimizing complications, and lowering
healthcare costs. As the preference for minimally invasive treatments grows, so
too does the demand for the diagnostic imaging tools that support these
procedures. This trend is expected to continue, further driving the global
diagnostic imaging market.
Integration of Imaging with Other Medical Systems
The integration of diagnostic imaging systems with
electronic health records (EHRs), clinical decision support systems (CDSS), and
other healthcare technologies is enhancing the value of imaging in patient
care. By connecting imaging data to broader healthcare systems, medical
professionals can access comprehensive patient information in real-time,
improving diagnostic accuracy and facilitating more coordinated care. In
February 2023, GE Healthcare announced that it had reached an agreement to
acquire the privately held AI healthcare company, Caption Health, Inc. Known
for its clinical applications aimed at early disease diagnosis, Caption Health
leverages AI technology to enhance ultrasound scan processes.
This integration enables better patient management,
as physicians can easily track the progress of diagnoses and treatment plans
across multiple specialties. The ability to share imaging data electronically
enhances collaboration between healthcare providers, leading to more informed
and timely decision-making. The trend toward digital health solutions and
interconnected medical technologies is expected to continue driving the growth
of the diagnostic imaging market, as healthcare systems increasingly rely on
integrated technologies to improve patient outcomes and operational efficiency.
The seamless flow of information between imaging systems and other healthcare
platforms will play a key role in shaping the future of medical diagnostics.
Segmental Insights
Product Insights
Based on the product, X-ray
currently dominates the global diagnostic imaging market. X-ray technology has
been a cornerstone of medical diagnostics for over a century, and its
widespread use across healthcare settings, from hospitals to outpatient
clinics, has cemented its position as the leading imaging modality. The X-ray
market benefits from its relatively low cost, speed, and accessibility, making
it an essential diagnostic tool in both developed and emerging markets.
X-ray imaging is
particularly prevalent in routine diagnostic procedures, including chest X-rays
for pulmonary conditions, skeletal imaging for fractures, and dental
radiographs. The technology’s ability to quickly provide valuable information
on bone fractures, infections, and some soft tissue conditions is a key driver
of its dominance. X-ray systems are often found in a variety of healthcare
settings, including emergency departments, diagnostic centers, and even
point-of-care locations, contributing to its extensive reach. The adaptability
of X-ray machines—such as the development of digital X-rays, which offer
improved image quality and reduced radiation exposure—has also enhanced its
value in the healthcare system.
Computed tomography (CT),
which uses X-rays to produce cross-sectional images, has seen rapid growth in
recent years, especially for its ability to diagnose complex conditions such as
cancers, cardiovascular diseases, and trauma. However, the higher cost of CT
equipment, as well as the need for specialized personnel, limits its widespread
use in comparison to X-ray. While CT scans offer more detailed images, the
increased radiation exposure associated with frequent CT scans has raised
concerns regarding patient safety, which has slowed its growth relative to
other imaging technologies. CT is mainly used in tertiary healthcare centers,
where complex diagnostic needs require detailed cross-sectional imaging.
End Use Insights
Based on the end use
segment, hospitals continue to dominate the global diagnostic imaging market.
Hospitals are key players in the healthcare sector, serving as comprehensive
care providers that utilize diagnostic imaging for a wide range of medical
purposes, from routine screenings to complex diagnostic procedures and
emergency interventions. The dominant position of hospitals in the diagnostic
imaging market can be attributed to their large-scale infrastructure,
availability of advanced imaging technologies, and the broad spectrum of services
they provide.
Hospitals typically have
the capacity to offer a full range of diagnostic imaging services, including
X-rays, CT scans, MRIs, ultrasounds, and nuclear imaging, and they often have
the resources to maintain state-of-the-art imaging equipment. With dedicated
departments for radiology and imaging, hospitals are equipped to handle not
only routine imaging exams but also complex procedures and emergency
situations, such as trauma care or oncological diagnostics. Their ability to
provide comprehensive care, including surgery, intensive care, and
rehabilitation, alongside diagnostic imaging, makes them central to patient
care.
Hospitals benefit from high
patient volumes, especially in larger urban centers, where populations are more
likely to require a wide array of diagnostic services. The multidisciplinary
nature of hospitals, where specialists across various fields—such as cardiology,
oncology, neurology, and orthopedics—rely heavily on imaging to support their
diagnostic and treatment processes, further strengthens their role in the
diagnostic imaging market. Hospitals also have the financial resources and
support systems to invest in advanced imaging technologies and maintain their
operations.
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Regional Insights
North America dominated the global diagnostic
imaging market. This dominance is primarily driven by the advanced healthcare
infrastructure, high levels of healthcare expenditure, and the rapid adoption
of cutting-edge diagnostic imaging technologies in the region. The United
States, in particular, is the largest market for diagnostic imaging equipment,
thanks to its robust healthcare system, a large number of healthcare
facilities, and the presence of numerous leading imaging technology
manufacturers and service providers.
In North America, hospitals, diagnostic imaging
centers, and outpatient facilities are well-equipped with state-of-the-art
imaging technologies, including advanced modalities like MRI, CT, PET, and
ultrasound. The high demand for diagnostic imaging services in the region is
driven by an aging population, the increasing prevalence of chronic diseases
(such as cancer, cardiovascular diseases, and neurological disorders), and the
growing emphasis on early diagnosis and preventive care. As the demand for precise
and timely diagnostic services continues to rise, healthcare providers in North
America are increasingly investing in advanced imaging systems to ensure
accurate diagnoses and enhance patient care.
The region is also a leader in the integration of
artificial intelligence (AI) into diagnostic imaging, improving both the speed
and accuracy of image interpretation. AI-powered imaging solutions are being
used to assist radiologists in detecting abnormalities such as tumors,
fractures, and other diseases. North American healthcare systems are highly
focused on improving healthcare efficiency through technological advancements,
and diagnostic imaging plays a critical role in this goal. The large-scale implementation
of electronic health records (EHRs) and the integration of imaging systems into
these platforms have improved patient management and facilitated seamless
access to imaging data, contributing to the growth of the market.
Recent Developments
- In March 2024, GE Healthcare unveiled its latest
research model, SonoSAMTrack1, powered by NVIDIA technology. Building on
the SonoSAM1 foundational model, which is designed for object
segmentation in ultrasound images, the new SonoSAMTrack1 enhances the
ability to delineate anatomical structures, lesions, and other key regions
within ultrasound scans. Additionally, a more simplified version of the model, SonoSAMLite,
has also been introduced.
- In January 2024, Canon launched Aplio me,
an advanced shared-service ultrasound system tailored to meet the diverse needs
of healthcare professionals across various medical settings. Highly portable
and lightweight, the system is ideal for ultrasound practitioners looking for
efficient workflows and sophisticated solutions, making it suitable for use in
small clinics as well as larger hospitals.
- Also in January 2024, Canon Medical Systems
Corporation and Olympus Corporation announced a partnership to
develop Endoscopic Ultrasound Systems. Under this collaboration, Canon
Medical will focus on creating diagnostic ultrasound systems for Endoscopic
Ultrasonography (EUS), while Olympus will manage the sales and marketing.
The partnership aims to combine Canon's Aplio i800 diagnostic ultrasound
system with Olympus' Ultrasound Endoscope, delivering advanced EUS
equipment and ensuring high-quality imaging diagnostics.
- In November 2023, Canon Medical Systems made
significant upgrades to its CT product line, launching two new scanners
at the Radiological Society of North America (RSNA) Congress in Chicago,
Illinois, USA. The new premium model, Aquilion ONE / INSIGHT Edition,
and the high-efficiency model, Aquilion Serve SP, represent the latest
advancements in CT imaging technology.
Key Market Players
- GE HealthCare Technologies
Inc.
- Koninklijke Philips N.V.
- Hitachi High-Tech Corporation
- Hologic, Inc.
- Siemens Healthineers AG
- Samsung Medicine Co., Ltd.
- Shimadzu Corporation
- Toshiba Medical Systems
Corporation
- Esaote S.p.A
- Fujifilm Corporation
|
By Product
|
By Application
|
By End Use
|
By Region
|
- X-Ray
- Ultrasound
- Computed
Tomography
- Nuclear
Imaging
- Magnetic
Resonance Imaging
|
- Oncology
- Neurology
- Cardiology
- Gynecology
- Orthopedics
- Others
|
- Hospitals
- Diagnostic
Imaging Centers
- Ambulatory
Imaging Centers
|
- North
America
- Europe
- Asia Pacific
- South
America
- Middle East
& Africa
|
Report Scope:
In this report, the Global Diagnostic Imaging Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Diagnostic Imaging Market, By Product:
o X-Ray
o Ultrasound
o Computed Tomography
o Nuclear Imaging
o Magnetic Resonance Imaging
- Diagnostic Imaging Market, By Application:
o Oncology
o Neurology
o Cardiology
o Gynecology
o Orthopedics
o Others
- Diagnostic Imaging Market, By End Use:
o Hospitals
o Diagnostic Imaging Centers
o Ambulatory Imaging Centers
- Diagnostic Imaging Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Diagnostic
Imaging Market.
Available Customizations:
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the given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
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market players (up to five).
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