Medical Imaging Services Market
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The global medical imaging services market size was valued at around USD 648.9 billion in 2024 and is estimated to grow at 5.2% CAGR from 2025 to 2034. The market deals profitably owing to the emerging burden of diseases and the highly increasing elderly population.
The growing disease burden and the increase of the elderly population around the world is a major factor contributing to the growth of the medical imaging services market. Age is a primary determinant for various chronic disorders, thereby increasing the need for medical imaging for its diagnosis and management. According to WHO, non-communicable diseases (NCD) like cardiovascular diseases, cancers, and diabetes are responsible for more than 70% of the deaths globally on a yearly basis. MRI, CT scans, and ultrasounds are vital for the detection and tracking of these diseases. They ascertain a better prognosis.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Medical Imaging Services Market size in 2024: | USD 648.9 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 5.2 |
| 2023 Value Projection: | USD 1.07 Trillion |
| Historical Data for: | 2021 – 2024 |
| No of Pages: | 130 |
| Tables, Charts & Figures: | 103 |
| Segments Covered: | Modality, End Use, and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The United Nations estimates that the 65 years old and above population comprises roughly 9% of the world, and that figure is likely going to increase. As the population ages, the prevalence of geriatric conditions including arthritis, osteoporosis, and Alzheimer's will improve the demand for imaging services required for diagnosis and long-term management of the conditions. This sort of demographic animation to population age structure portrays the crucial deployment of medical imaging in the provision of healthcare services to aging people, which is a good opportunity for market growth.
Medical imaging encompasses the use of different imaging such as x-rays, MRI, CT, ultrasound, mammography, and even nuclear medicine for the depiction of inner parts and workings of the human body. Such diagnostic scans are utilized by medical practitioners for the diagnosis, monitoring, and treatment of underlying medical conditions.
Medical imaging technology has developed dramatically over the past few years. Now, image analysis runs smoothly through artificial intelligence (AI) as it allows for easy and accurate image analysis.
Based on modality, the market is segmented into X-ray imaging, MRI, ultrasound, computed tomography, nuclear imaging, and mammography. In 2024, the X-ray imaging segment led the market, generating revenue of USD 211.5 billion.
By end use, the medical imaging services market is divided into hospitals, diagnostic centers, clinics, and ambulatory surgical centers. The hospitals segment dominated the market in 2024 with a 45.7% market share.
In 2024, the U.S. led the North American medical imaging services market, generating revenue of USD 216.9 billion. This high revenue share is due to significant healthcare expenditure, supportive government initiatives, and rising disease awareness.
The UK is poised for substantial growth in the global medical imaging services market.
Between 2025 and 2034, the Asia Pacific medical imaging services market is set for significant growth.
Japan is set to experience notable growth in its medical imaging services market during the forecast period.
There is quite a bit of competition in the modern market because of the heightened need for accurate and responsible diagnosis. There is a lot of gaps in the market since established providers are not servicing many areas, and specialized imaging centers are able to grow because of enhanced trademark interoperability and niche diagnosis services in places like North America. AI image analysis and ML automated report systems become the competitive edge because they result in efficient and correct diagnosis.
Providers of imaging services, healthcare institutions, and technology companies are actively forming cohesive partnerships providing software and hardware components. Success in the marketplace hinges on efficiency in technological evolution and strictly following legal guidelines on how to cope with the diagnosis requirement and quality healthcare treatment of the patients.
Prominent players operating in the medical imaging services industry include:
Market, By Modality
Market, By End Use
The above information is provided for the following regions and countries:
The global medical imaging services industry was valued at approximately USD 648.9 billion in 2024 and is projected to grow at a 5.2% CAGR from 2025 to 2034, driven by the increasing disease burden and a rapidly aging population.
The X-ray imaging segment dominated the market in 2024, generating USD 211.5 billion, owing to its critical role in diagnosing and monitoring conditions like bone fractures, dental issues, and lung diseases.
Key players in the sector include Akumin, Alliance Medical (Life Healthcare Group), Capitol Health, Carlisle Health, Circle Health Group, HCA International, I-MED Radiology Network, Integral Diagnostics, Medica Group, Nuffield Health, and Qscan Group Holdings.
The North American medical imaging services market, led by the U.S., recorded USD 216.9 billion in 2024, supported by high healthcare expenditure, government initiatives, and increased disease awareness.