Staff report
The global medical imaging market size was valued at $43.5 billion in 2025 and is projected to reach $64.7 billion by 2033, growing at a CAGR of 5.1% from 2026 to 2033, according to a Grand View Research report.
“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 report states.
The global diagnostic imaging market size is projected to surpass $50.12 billion in 2025 and is anticipated to reach around $76.69 billion by 2034, according to a report from Precedence Research. The rising awareness of early disease detection is expected to boost the market.
Reports of growth for the diagnostic imaging market mean growth of the imaging parts and service markets.
AI-driven diagnostic imaging has opened up new possibilities and is transforming diagnostic imaging in the healthcare industry by assisting healthcare practitioners and doctors to provide more accurate, quick and efficient diagnoses. AI can enhance the accuracy and efficiency of interpreting medical images such as MRIs, X-rays and CT scans. By leveraging AI, diagnostic imaging technology allows healthcare professionals to identify abnormalities and detect diseases with higher precision and speed. AI-powered diagnostic tools can speed up the interpretation of complex images and improve efficiency, resulting in the early detection of chronic diseases. Moreover, AI can enhance the accuracy of diagnosis and treatment efficiency, improving overall patient care.
AI may also be used in the future to help predict imaging devices failures before they happen thus supporting the imaging service parts and service markets.
Diagnostic imaging market growth factors, according to Precedence Research, include:
Rising demand for advanced imaging technologies drives the growth of the market.
The growing geriatric population significantly fuels the growth of the global diagnostic imaging market.
The rising prevalence of chronic diseases is expected to propel the market’s growth.
The rising demand for early detection of diseases is anticipated to contribute to the expansion of the market during the forecast period.
The increasing awareness among the population regarding the availability of advanced diagnostic devices positively impacts the market.
The report does suggest that the high cost associated with advanced diagnostic imaging equipment could discourage small healthcare organizations from adopting them, thereby hampering market growth. Moreover, the lack of skilled radiologists, especially in underdeveloped countries, limits the usage of advanced imaging technologies.
Rising technological advancements in imaging technologies create immense opportunities in the market. Advanced imaging technologies play a vital role in the accurate and rapid diagnosis of diseases. Thus, market players are continuously launching new products to cater to consumers’ varying needs.
The ultrasound segment accounted for the biggest market share of 34% in 2024. This can be attributed to the increased adoption of the ultrasound equipment in the healthcare sector owing to its low cost and enhanced features such as instant and accurate ultrasound results, safety, improved radiation-free imaging and non-invasiveness. It is one of the most popular and extensively used diagnostic imaging devices all over the globe.
Parts for ultrasound systems and transdcuers is expected to see growth in the coming years.
On the other hand, the computed tomography (CT) sector is estimated to be the most opportunistic segment during the forecast period. The CT segment witnessed a strong growth in 2022 owing to the increased adoption of the CT for diagnosis of the COVID-19 patients. The high-precision CT scanners and its integration with the technology like artificial intelligence is anticipated to further drive the growth of this segment.
