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A MarketsandMarkets.com report on the diagnostic imaging market states that the market is projected to reach $32.90 billion by 2030 from $26.51 billion in 2025, at a CAGR of 4.4% from 2025 to 2030.

The global ultrasound transducer market size was valued at $3.65 billion in 2023 and is projected to grow at a CAGR of 3.2% from 2024 to 2030, according to a Grand View Research report. The market growth is driven by the increasing use of ultrasound transducers in diagnostic imaging and non-invasive procedures, alongside advancements in transducer technology and frequent product launches by key players, the report states.

The diagnostic imaging parts market is a substantial segment within the broader medical imaging industry, focusing on the supply of replacement parts for various imaging modalities like MRI, CT, X-ray and ultrasound. This market is driven by factors such as the increasing demand for diagnostic imaging procedures, the aging population and the need for cost-effective solutions for maintaining and repairing existing equipment.