BRICS Medical Imaging Equipment Market Outlook (2021-2031)

The medical imaging equipment market within the BRICS nations is projected to experience significant growth, with an anticipated market size of approximately USD 10,208.8 million by the year 2031, up from USD 6,396.0 million in 2024. This growth trajectory indicates a compound annual growth rate (CAGR) of 6.9% from 2025 to 2031.Overview of the BRICS Medical Imaging Equipment MarketThe medical imaging equipment sector in the BRICS countries is witnessing a surge in growth opportunities, driven by heightened healthcare demands, enhanced public welfare initiatives, and a growing focus on local manufacturing capabilities alongside advancements in technology. The BRICS nations, comprising Brazil, Russia, India, China, and South Africa, present a unique blend of large populations, shifting disease patterns, and evolving healthcare systems. This dynamic environment is fostering a robust demand for scalable and cost-effective imaging solutions.

In particular, countries like India and China are experiencing a rapid urbanization trend, a burgeoning middle class, and increased government investment in healthcare. These factors are propelling the demand for advanced imaging technologies, including Computed Tomography (CT), Magnetic Resonance Imaging (MRI), and Positron Emission Tomography/Computed Tomography (PET/CT). India is emerging as a hub for artificial intelligence (AI)-driven portable imaging systems, supported by local innovations and international collaborations. Meanwhile, China is heavily investing in high-end diagnostic infrastructure and promoting local manufacturers to reduce reliance on imports.

Market Segmentation Analysis

The analysis of the medical imaging equipment market in the Benelux region is categorized based on product type, application, and end user.

Product Type: The market is divided into several categories, including Magnetic Resonance Imaging (MRI) Systems, Ultrasound Equipment, Computed Tomography (CT) Devices, X-Ray Imaging Devices, and Nuclear Imaging Systems. In 2024, the Computed Tomography segment emerged as the leading category in terms of market share.

Application: The applications of medical imaging equipment are varied, encompassing fields such as Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Urology, and others. The oncology segment was the largest contributor to the market in 2024, reflecting the critical role of imaging in cancer diagnosis and treatment.

End User: The market is also segmented by end user, which includes 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 medical imaging services.

Market Outlook for BRICS Medical Imaging EquipmentThe BRICS medical imaging equipment market is further analyzed by individual countries, namely Russia, Brazil, South Africa, India, and China. The overall market is experiencing robust growth, fueled by increasing healthcare demands, expanding public health initiatives, and a strong emphasis on local manufacturing and advanced technologies.

Country Insights:

China: In 2024, China held the largest market share, driven by its growing urban population, rising middle class, and substantial government healthcare spending. The country is focusing on sophisticated imaging modalities such as CT, MRI, and PET/CT, while also investing in high-quality diagnostic facilities and encouraging local production to minimize imports.

India: India is rapidly becoming a center for AI-based and mobile imaging systems, leveraging domestic innovation and international partnerships. The increasing urban population and government healthcare investments are significantly boosting the demand for advanced imaging technologies.

Brazil and South Africa: These nations are concentrating on improving access to diagnostic services for underserved populations. Initiatives such as public-private partnerships, mobile imaging units, and teleradiology networks are effectively bridging the access gap in rural and peri-urban areas. In Brazil, private investments in imaging centers are on the rise, while South Africa is integrating digital imaging machines into its healthcare system to promote universal health coverage.

Russia: The modernization of public healthcare facilities and a strategic focus on self-sufficiency in technology are shaping the market in Russia. There is a notable increase in investments in domestic imaging technologies and AI-based diagnostic solutions, along with efforts to enhance the efficiency and integration of radiology departments.

Key Players in the Market

Prominent companies operating in 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 pursuing strategies such as market expansion, product innovation, and mergers and acquisitions to maintain competitiveness and deliver cutting-edge products to consumers. Show more