Diagnostic Imaging Devices Market Size to Reach USD 35.4 Bn by 2030 – DataM Intelligence Report
Market Overview
The global Diagnostic Imaging Devices Market reached US$ 33.7 billion in 2024 and is projected to reach US$ 52.6 billion by 2033, registering a CAGR of 5.1% throughout the forecast period 2025–2033. The Diagnostic Imaging Devices Market is surging ahead, propelled by the escalating prevalence of chronic conditions and the push for non-invasive diagnostics. Integration of AI and machine learning refines image interpretation, while portable innovations extend reach to remote areas. Regulatory bodies promote adoption via guidelines on advanced tech, embedding diagnostic imaging devices into telemedicine frameworks. North America spearheads progress with superior tech uptake, as Asia-Pacific races forward on infrastructure investments.
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Market Drivers
Technological Innovations. AI-enhanced systems like 3D MRI and ultrasound boost accuracy and speed, addressing diagnostic backlogs in busy facilities.
Chronic Disease Burden. Over 129 million U.S. adults with major conditions demand frequent imaging for early detection and monitoring.
Portability Advancements. Mobile X-ray units facilitate bedside and field diagnostics, vital for emergency and rural healthcare.
Reimbursement Enhancements. Expanded coverage for AI-integrated devices encourages investment in upgrading outdated equipment.
Market Restraints
Elevated Acquisition Costs. Devices like PET/CT scanners range from US$225,000 to US$750,000, straining budgets in emerging markets.
Maintenance Expenses. Regular software updates and servicing add ongoing financial pressure to healthcare providers.
Regulatory Compliance. Stringent safety and efficacy standards delay new device launches and increase validation efforts.
Skill Gaps. Need for trained radiologists to operate advanced systems limits full utilization in understaffed regions.
Market Geographical Share
North America secures the top position with US$13.49 billion in 2023, thanks to pioneers like GE Healthcare and robust adoption of AI tools. Asia-Pacific grows fastest, from US$8.85 billion in 2023, as nations like India deploy affordable scanners amid urbanization. Europe maintains steady expansion via collaborative R&D, while Latin America advances through public-private partnerships. The Middle East and Africa build foundations with targeted investments in urban diagnostic hubs.
Market Segments
By Product Type
- PET/CT Scanners
- C-Arms
- MRI Machines
- Mammography Systems
- Bone Densitometers
- Others
By Imaging Type
- X-Ray Imaging
- CT
- MRI
- Ultrasound
- Nuclear Imaging
- Mammography
By Portability
- Portable Devices
- Handheld Devices
- Stationary Equipment
By Application
- Cardiology
- Oncology
- Neurology
- Orthopedics
- Urology
- Gastroenterology
- Others
By End-User
- Hospitals
- Diagnostic Centers
- Specialty Clinics
- Others
Market Key Players
Key players are Siemens Healthineers AG, GE HealthCare, Koninklijke Philips N.V., CANON MEDICAL SYSTEMS CORPORATION, FUJIFILM Holdings Corporation, Medtronic plc, Hologic Inc., Abbott Laboratories, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Carestream Health.
Latest Developments
Fischer Medical Ventures unveiled indigenous CT scans and India's first MRI in August 2024, priced at half the market rate for broader access.
LG Electronics released the 21HQ613D-B diagnostic monitor in July 2024, FDA-cleared for enhanced mammography workflows.
Positron introduced the NeuSight PET/CT 3D 64-slice scanner in July 2024, targeting cardiology and oncology in North America.
Siemens Healthineers launched a scalable PET/CT scanner in June 2024, featuring adjustable axial field-of-view for versatile imaging.
Koelis SAS integrated AI prostate MRI into its Trinity platform in May 2024, improving urological diagnostics.
Royal Philips debuted AI automation for CT 5300 in December 2024, streamlining clinical workflows.
GE HealthCare unveiled Sonic DL for 3D imaging in December 2024, supporting diverse volumetric exams.
FUJIFILM Healthcare Americas rolled out Version 10 for ECHELON Synergy MRI in October 2024, advancing smart features.
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Key Highlights of Report
Market Growth: The Diagnostic Imaging Devices Market is projected to grow at a CAGR of 5.1% during 2025-2033.
North America Leadership: Valued at US$13.49 billion in 2023, driven by AI pioneers like Siemens Healthineers.
PET/CT Dominance: This segment reached US$14.27 billion in 2023, excelling in oncology applications.
AI Integration Boom: Innovations like Philips' CT 5300 enhance diagnostic speed and precision.
Asia-Pacific Surge: Fastest growth from portable tech adoption in high-population areas.
Pandemic Legacy: COVID-19 spurred remote imaging, sustaining long-term demand.
Conclusion
The Diagnostic Imaging Devices Market concludes on an upward trajectory, with AI-driven tools transforming diagnostics to meet chronic care demands efficiently worldwide.
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