Staff report
Training for medical imaging technologists and repair technicians should grow in coming years to mirror the expected growth of the global medical imaging market. Grand View Research is one research firm that excepts the global medical imaging market to continue its recent growth in the coming years.
“The global medical imaging market size was estimated at $39.8 billion in 2023 and is projected to grow at a CAGR of 4.9% from 2024 to 2030. The increasing prevalence of chronic diseases, demand for early disease diagnosis and detection tools, along with growing geriatric population are anticipated to drive this growth. Factors such as the 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 further fuel the growth,” according to Grand View Research.
New technology is one area that Grand View Research predicts will fuel growth of the global medical imaging market. New technology also means additional training for imaging professionals.
“Technological advancement is driving the medical imaging market growth, particularly through the development and adoption of portable, wearable, and point-of-care (POC) medical imaging devices,” Grand View Research states.
“These innovations have expanded the capabilities of medical imaging and made it more accessible and convenient. By integrating cutting-edge technologies, the medical imaging sector is now able to offer solutions that can be used outside of traditional hospital settings, enabling continuous monitoring and immediate diagnostics in various environments. This shift towards more mobile and user-friendly devices has the potential to revolutionize patient care, making it easier to diagnose and monitor conditions in real time, thus significantly improving the efficiency and effectiveness of health care services.”
“For instance, in February 2024, Visage Imaging, a diagnostic imaging and multimedia enterprise, introduced its new product, Visage Ease VP. This innovative imaging platform is designed for use with Apple’s augmented reality headset, the Apple Vision Pro. The company provides cloud-based, AI-driven enterprise imaging solutions such as Visage 7, Visage Ease, and Visage Ease Pro,” Grand View Research continues. “These platforms enable users to review diagnostic images and work together with peers. Visage Imaging states that its technology enhances the efficiency and accuracy of radiologists’ analyses and their overall workflow.”
Global Market Insights is another research firm that predicts market growth.
“Medical imaging market size was worth $40 billion in 2022 and is poised to grow at 5.5% CAGR from 2023 to 2032, driven by the incremental innovations and advancements in medical imaging technology,” Global Market Insights reports.
Mordor Intelligence also predicts market growth.
“The diagnostic imaging market size is estimated at $46.96 billion in 2024, and is expected to reach $57.63 billion by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029),” Mordor Intelligence reports.
“The main things that are driving the growth of the diagnostic imaging market are the increase in chronic diseases, the rise in the number of older people, and the use of more advanced imaging technologies,” Mordor Intelligence adds.
The firm Market Research Future also predicts growth.
“The diagnostic imaging market is expected to reach $49.66 billion by 2032 at a CAGR 4.7% during the forecast period 2023-2032. Diagnostic imaging is used to detect medical complications and help in illness or condition therapy. The drivers driving market expansion include an aging population, an increase in chronic illnesses, and technological advancements. Furthermore, increased R&D investment and aggressive methods used by leading companies, such as new product releases, are driving market expansion,” according to Market Research Future.
