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Asia Pacific Medical Imaging Equipment Market Outlook (2021-2031)

Published Jun 09, 2025
Length 183 Pages
SKU # BMKS20179278

Description

The medical imaging equipment market in the Asia Pacific region is projected to grow significantly, with an expected market size of approximately US$ 13,126.07 million by the year 2031, up from US$ 8,322.26 million in 2024. This growth translates to a compound annual growth rate (CAGR) of 6.7% from 2025 to 2031.

Overview of the Asia Pacific Medical Imaging Equipment Market

The increasing demand for medical imaging equipment in the Asia Pacific region can be attributed to several key factors. The region is home to a vast and diverse population, which is experiencing a rise in chronic diseases such as cancer, cardiovascular issues, and neurological disorders. Additionally, the aging population is contributing to the heightened need for medical imaging services.

Technological advancements in imaging modalities, coupled with the growing adoption of portable and digital imaging technologies, are enhancing the accessibility of diagnostic tools across both urban and rural settings in various Asia Pacific countries. Governments are actively pursuing initiatives aimed at modernizing healthcare infrastructures and improving public access to advanced diagnostic services. Despite challenges such as price sensitivity and regulatory hurdles, the demand for medical imaging equipment remains robust. The expanding middle class, enhancements in healthcare facilities, and a growing emphasis on preventive healthcare are positioning the Asia Pacific region as a significant player in the global medical imaging equipment market.

Segmentation of the Asia Pacific Medical Imaging Equipment Market

The medical imaging equipment market is segmented based on product type, application, and end user.

Product Type: The market is categorized into several types of imaging equipment, including Magnetic Resonance Imaging (MRI) systems, Ultrasound devices, Computed Tomography (CT) scanners, X-Ray imaging devices, and nuclear imaging systems. In 2024, the Computed Tomography segment was the leading contributor to the market.

Application: The applications of medical imaging equipment are diverse, encompassing areas such as Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Urology, and other medical fields. The Oncology segment held the largest market share in 2024, reflecting the critical role of imaging in cancer diagnosis and treatment.

End User: The market is also segmented by end users, which include Hospitals, Specialty Clinics, Diagnostic Imaging Centers, Academic and Research Institutes, among others. Hospitals represented the largest share of the market in 2024, highlighting their central role in healthcare delivery.

Future Outlook for the Asia Pacific Medical Imaging Equipment Market

The outlook for the medical imaging equipment market in the Asia Pacific region remains positive, driven by the aforementioned factors. The region's large population, increasing prevalence of chronic diseases, and a growing elderly demographic are all contributing to the rising demand for advanced imaging technologies.

Technological innovations are making diagnostic imaging more efficient and accessible. The rise of portable and digital imaging solutions is particularly noteworthy, as these technologies facilitate easier access to diagnostic services in both urban and rural areas. Government initiatives aimed at enhancing healthcare systems and increasing public access to advanced diagnostic services further bolster market growth.

Despite facing challenges such as regulatory issues and price sensitivity, the demand for medical imaging equipment continues to thrive. The growth of the middle class, improvements in healthcare infrastructure, and a heightened focus on preventive healthcare are all factors that solidify the Asia Pacific region's position as a key contributor to the global medical imaging equipment market.

Country Insights in the Asia Pacific Medical Imaging Equipment Market

The Asia Pacific medical imaging equipment market is further divided into various countries, including China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh, and other regions. Notably, Japan holds a significant share of the market as of 2024.

Japan's advanced healthcare system, which prioritizes early diagnosis, plays a crucial role in the provision of medical imaging services. The country has seen substantial technological innovations that support the medical imaging sector. MRI, CT, and X-ray machines are widely utilized in urban hospitals and diagnostic centers, particularly for elderly patients who are more susceptible to conditions such as cancer, cardiovascular diseases, and neurodegenerative disorders. As the elderly population continues to grow, the demand for timely and accurate diagnostic imaging is expected to increase.

Moreover, there is a notable rise in the use of computer-aided diagnosis tools that assist radiologists in identifying early signs of diseases, including cancer and heart conditions. The Japanese government has introduced various policy guidelines aimed at fostering innovation and enhancing the efficiency of the healthcare system, which in turn promotes the adoption of advanced imaging technologies and digital health platforms.

The Japanese medical imaging equipment market is characterized by ongoing technological advancements and strategic initiatives aimed at enhancing diagnostic capabilities. For instance, Canon Medical Systems has made significant strides in CT imaging technology, recently announcing the commencement of clinical research for its first photon-counting CT system produced in Japan. This innovative system employs advanced photon-counting detector technology to achieve superior spatial resolution and improved contrast sensitivity, facilitating accurate imaging and early detection of medical conditions. The clinical research aims to validate the system's performance in real-world medical settings, paving the way for its broader implementation in clinical practice.

Key Players in the Asia Pacific Medical Imaging Equipment Market

Prominent companies operating within the medical imaging equipment market include GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Canon Medical Systems Corporation, Koninklijke Philips N.V., and Shimadzu Corporation. These companies are actively engaged in strategies such as market expansion, product innovation, and mergers and acquisitions to maintain competitiveness and deliver cutting-edge products to consumers.

Table of Contents

183 Pages
1. Introduction
1.1 Business Market Insights Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Asia Pacific Medical Imaging Equipment Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
5. Asia Pacific Medical Imaging Equipment Market – Key Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Prevalence of Chronic and Complex Diseases
5.1.2 Increasing Integration with Artificial Intelligence
5.1.3 Fostering Innovations Backed by Regulatory Reforms
5.2 Market Opportunities
5.2.1 Growth in Point-of-Care Imaging Solutions
5.2.2 Expansion of Imaging Capabilities in Interventional Radiology
5.3 Future Trends
5.3.1 Rising Demand for 3D and 4D Imaging
5.3.2 Shift Toward Portable and Handheld Imaging Devices
5.3.3 Expansion of Teleradiology Services
5.4 Impact of Drivers and Restraints
6. Asia Pacific Medical Imaging Equipment Market Regional Analysis
6.1 Asia Pacific Medical Imaging Equipment Market Overview
6.2 Asia Pacific Medical Imaging Equipment Market Revenue 2021-2031 (US$ Million)
6.3 Asia Pacific Medical Imaging Equipment Market Forecast Analysis
7. Asia Pacific Medical Imaging Equipment Market Analysis – by Product Type
7.1 Magnetic Resonance Imaging Systems
7.1.1 Overview
7.1.2 Magnetic Resonance Imaging Systems: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Ultrasound
7.2.1 Overview
7.2.2 Ultrasound: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Computed Tomography Devices
7.3.1 Overview
7.3.2 Computed Tomography Devices: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
7.4 X-Ray Imaging Devices
7.4.1 Overview
7.4.2 X-Ray Imaging Devices: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Nuclear Imaging System
7.5.1 Overview
7.5.2 Nuclear Imaging System: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
8. Asia Pacific Medical Imaging Equipment Market Analysis – by Application
8.1 Cardiology
8.1.1 Overview
8.1.2 Cardiology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Oncology
8.2.1 Overview
8.2.2 Oncology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Neurology
8.3.1 Overview
8.3.2 Neurology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Orthopedics
8.4.1 Overview
8.4.2 Orthopedics: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Gastroenterology
8.5.1 Overview
8.5.2 Gastroenterology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Gynecology
8.6.1 Overview
8.6.2 Gynecology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
8.7 Urology
8.7.1 Overview
8.7.2 Urology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
9. Asia Pacific Medical Imaging Equipment Market Analysis – by End User
9.1 Hospitals
9.1.1 Overview
9.1.2 Urology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Specialty Clinics
9.2.1 Overview
9.2.2 Urology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Diagnostics Imaging Centers
9.3.1 Overview
9.3.2 Urology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Academic & Research Institutes
9.4.1 Overview
9.4.2 Urology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Urology: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10. Asia Pacific Medical Imaging Equipment Market – Asia Pacific Analysis
10.1 Asia Pacific
10.1.1 Asia Pacific Medical Imaging Equipment Market Breakdown, by Key Country, 2025 and 2031 (%)
10.1.1.1 Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast Analysis – by Country
10.1.1.1 China: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.1.1 China: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.1.2 China: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.1.3 China: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.2 Japan: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.2.1 Japan: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.2.2 Japan: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.2.3 Japan: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.3 South Korea: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.3.1 South Korea: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.3.2 South Korea: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.3.3 South Korea: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.4 India: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.4.1 India: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.4.2 India: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.4.3 India: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.5 Australia: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.5.1 Australia: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.5.2 Australia: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.5.3 Australia: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.6 New Zealand: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.6.1 New Zealand: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.6.2 New Zealand: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.6.3 New Zealand: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.7 Indonesia: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.7.1 Indonesia: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.7.2 Indonesia: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.7.3 Indonesia: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.8 Malaysia: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.8.1 Malaysia: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.8.2 Malaysia: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.8.3 Malaysia: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.9 Philippines: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.9.1 Philippines: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.9.2 Philippines: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.9.3 Philippines: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.10 Singapore: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.10.1 Singapore: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.10.2 Singapore: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.10.3 Singapore: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.11 Thailand: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.11.1 Thailand: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.11.2 Thailand: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.11.3 Thailand: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.12 Vietnam: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.12.1 Vietnam: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.12.2 Vietnam: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.12.3 Vietnam: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.13 Taiwan: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.13.1 Taiwan: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.13.2 Taiwan: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.13.3 Taiwan: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
10.1.1.14 Bangladesh: Asia Pacific Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.14.1 Bangladesh: Asia Pacific Medical Imaging Equipment Market Breakdown, by Product Type
10.1.1.14.2 Bangladesh: Asia Pacific Medical Imaging Equipment Market Breakdown, by Application
10.1.1.14.3 Bangladesh: Asia Pacific Medical Imaging Equipment Market Breakdown, by End User
11. Competitive Landscape
11.1 Heat Map Analysis
11.2 Company Positioning and Concentration
12. Asia Pacific Medical Imaging Equipment Market Industry Landscape
12.1 Overview
12.2 Mergers and Acquisitions
12.3 Agreements, Collaborations, and Joint Ventures
12.4 New Product Launches
12.5 Expansions and Other Strategic Developments
13. Company Profiles
13.1 GE HealthCare
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Siemens Healthineers AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 FUJIFILM Holdings Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 CANON MEDICAL SYSTEMS CORPORATION
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Koninklijke Philips N.V.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Shimadzu Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Hologic, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 SamsungHealthcare
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Neusoft Medical Systems Co., Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About Business Market Insights

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