North America Medical Imaging Equipment Market Outlook (2021-2031)

The North American medical imaging equipment market is projected to grow significantly, with an expected value of approximately $25.39 billion by 2031, up from around $19.60 billion in 2024. This growth translates to a compound annual growth rate (CAGR) of 3.8% from 2025 to 2031.

Overview of the North American Medical Imaging Equipment Market

North America holds the largest share of the global medical imaging equipment market, primarily due to its robust healthcare infrastructure and the swift adoption of advanced technologies. The region is anticipated to maintain its leadership position, driven by substantial investments in hospitals, diagnostic imaging facilities, and research institutions. As the demographic landscape shifts towards an aging population, the demand for medical imaging equipment is expected to rise. Older adults typically require more diagnostic services due to a higher incidence of diseases and health issues associated with aging. Common conditions that necessitate medical imaging include cardiovascular diseases, various cancers, and musculoskeletal disorders, all of which contribute to the increasing need for diagnostic imaging solutions.

Market Segmentation Analysis

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

Product Type: The market is categorized into Magnetic Resonance Imaging (MRI) systems, Ultrasound devices, Computed Tomography (CT) scanners, X-Ray imaging systems, and Nuclear imaging systems. In 2024, the Computed Tomography segment was the market leader, reflecting its critical role in diagnostic imaging.

Application: The applications of medical imaging equipment are diverse, encompassing fields such as Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Urology, and others. The oncology segment was the largest in 2024, highlighting the importance of imaging in cancer diagnosis and treatment.End-User: The market is 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, underscoring their central role in healthcare delivery.

Future Outlook for the North American Medical Imaging Equipment Market

The North American medical imaging equipment market is poised for continued growth, bolstered by a strong healthcare system and ongoing technological advancements. The region is recognized as a hub for innovation, with significant developments in imaging technologies, including the integration of artificial intelligence (AI), enhancements in image clarity and resolution, and improvements in scanning speed and accuracy. High healthcare expenditure in North America, coupled with a strong focus on research and development, is expected to facilitate the adoption of new imaging technologies.

As the population ages, the demand for diagnostic imaging will likely increase, particularly for conditions prevalent among older adults. For instance, data from the Centers for Disease Control and Prevention (CDC) indicates that cardiovascular diseases are a leading cause of mortality across various demographics in the U.S., with one person succumbing to these conditions every 33 seconds. In 2022 alone, approximately 702,880 deaths were attributed to cardiovascular diseases in the United States.

Country Insights

into the North American Medical Imaging Equipment MarketThe North American market is further divided into three key regions: the United States, Canada, and Mexico. Among these, the United States dominates the market, being the largest and most technologically advanced medical imaging equipment market globally. The U.S. benefits from a comprehensive healthcare infrastructure, widespread adoption of cutting-edge technologies, and favorable reimbursement policies, which collectively foster innovation and commercialization in medical imaging.

The demographic trends in the U.S. are shaped by a combination of public and private healthcare systems, a high burden of chronic diseases, and a conducive investment and regulatory environment that supports technological advancements and clinical integration. However, the high prevalence of chronic diseases such as cardiovascular disorders, cancer, and neurological conditions presents challenges, as these conditions require timely and accurate diagnosis through advanced imaging technologies. In 2022, there were approximately 2.38 million new cancer cases reported in the U.S., with 605,761 cancer-related deaths. Breast cancer was the most common, accounting for about 11.5% of all cancer cases, followed closely by prostate cancer at 9.7%. This cancer burden underscores the critical need for early detection and the essential role of medical imaging technologies, such as mammography, MRI, and ultrasound, in improving patient outcomes.

Key Playersin the North American Medical Imaging Equipment Market

Several prominent companies are key players in the medical imaging equipment market. These 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 their competitive edge and deliver cutting-edge products to consumers. Show more