Medical Imaging Market

Medical Imaging Market Summary

The global medical imaging market size was valued at USD 43.5 billion in 2025 and is projected to reach USD 64.7 billion by 2033, growing at a CAGR of 5.1% from 2026 to 2033. The increasing prevalence of chronic diseases, surging demand for early disease diagnosis and detection tools, growing geriatric population, rising investments by key players, product innovations, and technological advancements such as integration of artificial intelligence (AI) in medical imaging, and development of point-of-care medical imaging equipment are expected to drive market growth during the forecast period.

The growing geriatric population is significantly influencing the growth of the medical imaging market as aging is associated with an increased risk of chronic diseases such as heart disease, stroke, cancer, and osteoporosis, among others, which often require diagnostic imaging for accurate diagnosis and management. The United Nations Population Division anticipates that the population of individuals aged 65 and above will double in the next 30 years, hitting a total of 1.6 billion by 2050.

The following charts illustrate that the world is heading toward an aging population. Japan has the highest share of elderly population, followed by Italy, Germany, France, and Denmark will have the highest proportions of elderly population in 2022. This is due to significant improvements in life expectancy over recent years, a trend that is expected to continue. By the year 2050, approximately 40% of the population in Hong Kong, South Korea, and Japan will be 65 or older. This marks a substantial increase from the current percentages in highly developed regions, where only about 20% of the population falls into this age group.

The rise in life expectancy globally is a critical driver for expanding the medical imaging market. As people live longer, they become more susceptible to chronic diseases. Medical imaging plays a pivotal role in accurately diagnosing, managing, and treating these diseases, offering detailed views of the body's internal state without invasive procedures. Therefore, as the global population ages, the demand for diagnostic imaging services is expected to surge, propelling the growth of the medical imaging market. This trend underscores the importance of advanced imaging technologies in meeting the healthcare needs of an increasingly aging population. According to the United Nations, a newborn in 2021 is projected to have an average lifespan of nearly 25 years longer than someone born in 1950, achieving an average age of 71 years, with females typically living five years longer than males.

Global Medical Imaging Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country level and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global medical imaging market report on the basis of technology, applications, end-use, and region:

Technology Outlook (Revenue, USD Million, 2021 - 2033)

X-ray Devices

Radiography

Fluoroscopy

Mammography

Ultrasound

Handheld

Compact

Cart/Trolley Based

Computed Tomography

High end slice CT

Mid end slice CT

Low end slice CT

Cone beam CT

Magnetic Resonance Imaging

Closed System

Open System

Nuclear Imaging

SPECT

PET

Application Outlook (Revenue, USD Million, 2021 - 2033)

Cardiology

Oncology

Neurology

Orthopedics

Gastroenterology

Gynecology

Other Applications

End-use Outlook (Revenue, USD Million, 2021 - 2033)

Hospitals

Diagnostics Imaging Centers

Others

Region Outlook (Revenue, USD Million, 2021 - 2033)

North America

U.S.

Canada

Europe

UK

Germany

France

Italy

Spain

Denmark

Sweden

Norway

Asia Pacific

Japan

China

India

Australia

South Korea

Thailand

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

South Africa

Saudi Arabia

UAE

Kuwait

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