Medical Imaging Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Medical Imaging Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global Medical Imaging Equipment Market demonstrated a robust performance in 2024, with revenues reaching approximately US$ 42 billion. The market is projected to reach a valuation of approximately US$ 62 billion by the end of 2031. This growth is driven by several factors, including the rising prevalence of diseases such as cancer and cardiovascular diseases, an aging global population, and the introduction of technologically advanced imaging products.

Key Drivers of Market Growth

1. Disease Prevalence: The increasing prevalence of various diseases, including respiratory, orthopedic, and cardiovascular diseases, is driving the demand for diagnostic equipment and services worldwide.

2. Aging Population: The growing geriatric population is more susceptible to illnesses such as respiratory infections, orthopedic conditions, and cardiovascular diseases. Early detection of these disorders is crucial, leading to increased demand for imaging techniques like X-ray, ultrasound, MRI, and CT scans.

3. Adoption of AI: The adoption of artificial intelligence (AI) in data management and analysis is expected to drive market growth, enhancing diagnostic accuracy and efficiency.

Impact Factors on Market Growth

1. High Costs of Advanced Equipment: The high cost of advanced medical imaging equipment, such as MRI scanners and CT scanners, poses a barrier to market growth, particularly in developing nations where alternative techniques like ultrasound are often used.

2. Low Adoption in Underserved Regions: In many underserved regions, the adoption of advanced medical imaging technologies remains low due to factors like the high number of patients suffering from claustrophobia, even with high-resolution imaging equipment available.

Booming United States Market

The United States market is thriving due to the presence of well-established players and the frequent launch of novel and advanced medical imaging equipment in the country.

Lucrative Market in Germany

Germany holds a significant market share in Europe, driven by increasing demand for advanced technology, including mobile scanners, and the early-stage diagnosis of various cardiovascular conditions.

Emerging Prominence in China

The Chinese market is expected to grow continuously due to the entry of key players and the presence of a vast patient pool, particularly elderly patients with osteoarthritis, a common chronic health condition.

Competitive Landscape

Market players are implementing strategies such as partnerships and collaborations between regional and major players to expand their market presence and provide advanced yet affordable imaging devices.

Key Companies Profiled:
• GE Healthcare
• Hitachi Medical Corporation
• Philips Healthcare
• Siemens Healthineers
• FUJIFILM Holdings Corporation
• Toshiba Medical Systems Corporation
• Esaote S.p.A
• Positron Corporation
• Neusoft Medical Systems
• Neurologica Corporation
• Mediso Medical Imaging Systems
• Digirad
• SHIMADZU CORPORATION
• Hologic, Inc.
• Guerbet SA
• Bayer AG
• Mallinckrodt
• Bracco Imaging S.p.A
• Ulrich GmbH & Co. KG
• Nemoto Kyorindo Co. Ltd
• Lemer Pax

The global Medical Imaging Equipment Market is poised for significant growth, driven by the increasing prevalence of diseases, an aging population, and the adoption of advanced technologies. As demand for diagnostic services continues to rise, the market is set to expand.

Market Segmentation

Equipment:
• Computed Tomography (CT) Systems
256-320 slice CT Systems
128-slice CT Systems
64-slice CT Systems
16-slice and below CT Systems
• X-ray Systems
Analog X-ray Systems
Digital X-ray Systems

 Computed Radiography (CR) Systems

 Digital Radiography (DR) Systems

 Retrofit X-ray Systems
• MRI Systems
0.7 T MRI Systems
1.5 T MRI Systems
3 T MRI Systems
7 T MRI Systems
Others
• Ultrasound Systems
Black & White Ultrasound Systems
Color Doppler Ultrasound Systems
• Nuclear Imaging Equipment
Positron Emission Tomography (PET) Systems

 PET Scanners

 PET/CT

 PET/MRI
Single-Photon Emission Computed Tomography

 Single Imaging Gamma Cameras

 SPECT/CT
• Mammography Equipment
Film-Screen Mammography Equipment
2D Digital Mammography Equipment
3D Tomosynthesis
• Contrast Media Injectors
CT Injectors
MRI Injectors
Cardio Injectors
PET Injectors
• C-Arms & Fluoroscopy Devices
C-Arms Systems

 Full Size C – arms Systems

 Mini C – arms Systems
Fluoroscopy Devices

Modality:
• Stand-Alone Devices
• Portable Devices
• Hand-Held Devices

End User:
• Diagnostic Imaging Centers
• Ambulatory Surgical Centers
• Specialty Clinics
• Research Institutes

Region:
• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

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