Global Diagnostic Imaging Market Set to Reach $64.96 Billion by 2033

According to Renub Research Latest Report diagnostic imaging market is projected to grow from USD 39.04 billion in 2024 to USD 64.96 billion by 2033, registering a CAGR of 5.82% between 2025 and 2033. This growth is primarily fueled by the aging population, the rising prevalence of chronic diseases such as cancer, diabetes, cardiovascular disorders, stroke, and respiratory ailments, and the integration of AI and advanced imaging technologies in healthcare systems worldwide.

Diagnostic imaging, also known as medical imaging, involves non-invasive techniques that allow healthcare providers to visualize the inside of the body for diagnostic, therapeutic, and preventive purposes. Techniques include X-ray, CT, MRI, ultrasound, nuclear imaging, and other modalities that employ radiative or ultrasonic energy to generate accurate images. These techniques not only assist in early disease detection but also reduce risks associated with invasive procedures and anesthesia.

Market Overview

The increasing global population of older adults has created a growing need for diagnostic imaging. According to the World Health Organization (2021), the population aged 60 or older is projected to reach 2.1 billion by 2050, increasing the incidence of chronic conditions that require diagnostic imaging for early detection and management. Furthermore, the shift toward preventive healthcare has emphasized early disease diagnosis, thereby boosting market demand.

In addition, advancements in radiology software and digital imaging solutions have streamlined image storage, retrieval, and analysis. These innovations reduce the need for manual film handling, enable remote diagnostics, and facilitate scheduling, patient history tracking, and billing management. Governments globally are also focusing on strengthening healthcare infrastructure, further supporting market expansion.

👉 Want to explore detailed market trends, segment insights, and forecasts? 🔗 Request Free Sample Report

Key Growth Drivers

1. Development of Healthcare Infrastructure

The growth of hospitals, diagnostic centers, and outpatient clinics globally has significantly increased the accessibility of diagnostic imaging services. Governments and private players are heavily investing in state-of-the-art imaging facilities, boosting the demand for advanced diagnostic equipment.

Digital health platforms and telemedicine have also promoted remote imaging services, especially in rural and underserved areas. The integration of AI-powered imaging systems enables more accurate, fast, and predictive diagnostics, which further enhances demand across the healthcare ecosystem.

2. AI-Powered Diagnostic Imaging Devices

The adoption of AI-enabled imaging systems is revolutionizing the market. AI assists in early disease detection, predictive analysis, and workflow optimization. According to a January 2024 FDA report, as of July 2023, 692 AI-enabled medical devices were approved, with over 75% used in radiology.

Companies are actively developing AI-powered solutions. For example, GE HealthCare launched the MyBreastAI suite in November 2023, providing a platform to support imaging workflows and breast cancer diagnosis. Google Cloud introduced the Medical Imaging Suite in October 2022, enhancing accessibility and interoperability of imaging data. These innovations have increased efficiency and accuracy in diagnostics, boosting the market’s growth potential.

3. Introduction of Cutting-Edge Systems

Market expansion is being fueled by continuous R&D efforts and product launches incorporating AI, machine learning, and advanced imaging technologies. Hyperfine, Inc. introduced the Swoop system, an AI-powered brain imaging device, in January 2024. The system improves image quality and provides real-time guidance for patient positioning.

Similarly, Fujifilm Healthcare Americas Corporation launched the SCENARIA View Focus Edition in December 2022, featuring Cardio StillShot, a 4D cardiac motion correction technology that captures precise images of the heart. These innovations enhance the accuracy and efficiency of diagnostic imaging, driving adoption globally.

Challenges in the Diagnostic Imaging Market

1. Frequent Product Recalls

Product recalls have impeded market growth. For example, Koninklijke Philips N.V. recalled 109 Incisive CT scanner systems in February 2021 to implement urgent modifications. This, combined with the availability of reconditioned imaging equipment, particularly in markets like China and India, has slowed the uptake of new devices. Reconditioned systems offer a higher cost-benefit ratio for small and medium-sized healthcare facilities, limiting adoption of cutting-edge solutions.

2. High Costs of Equipment and Maintenance

Advanced imaging technologies, such as MRI, CT, and PET scanners, require significant upfront investment, making them less accessible in low-resource settings. Maintenance, calibration, and periodic upgrades further increase operational costs. High expenses also affect patients’ ability to afford imaging services, especially in underfunded healthcare systems, creating a barrier to widespread adoption.

Regional Market Analysis

North America

North America leads the global market due to advanced healthcare infrastructure, high demand for imaging services, and rapid adoption of AI-enabled imaging technologies. In the United States, the aging population and rising prevalence of chronic diseases contribute to continuous market growth.

For instance, Canon Medical introduced the Aquilion Serve 80/160-slice CT scanner at the European Congress of Radiology (ECR) in March 2023, improving diagnostic efficiency through simultaneous preview of axial, lateral, and AP views. Siemens Healthcare launched the Magnetom Viato portable MRI scanner in November 2022, allowing imaging services in areas with limited access to conventional MRI facilities. These advancements enhance diagnostic accuracy and flexibility in clinical settings.

Europe

Germany, France, and the UK dominate the European market due to high demand for advanced imaging technologies, robust healthcare infrastructure, and aging populations. Germany, for example, has witnessed innovations such as the GE Healthcare Voluson Expert 22 ultrasound machine, introduced in July 2022, featuring advanced beamforming technology for improved imaging precision. Neoscan Solutions launched a smaller, lightweight MRI scanner for infants in May 2021, expanding pediatric imaging accessibility.

Asia-Pacific

Asia-Pacific is experiencing rapid growth due to improved healthcare facilities, rising prevalence of chronic diseases, and increased healthcare spending. In India, AI-based imaging solutions are enhancing diagnostic accuracy, and mobile imaging devices are becoming more widespread in rural areas. Medical tourism also contributes to the adoption of advanced imaging technologies, making India a key growth market.

Middle East & Africa

Saudi Arabia and the UAE are seeing steady growth due to investments in healthcare infrastructure and adoption of advanced imaging technologies. The Vision 2030 plan in Saudi Arabia encourages investment in MRI, CT, and ultrasound systems. Awareness campaigns, such as the MRI safety seminar by AZDEF and childhood cancer initiatives by Sanad Charitable Association, have increased diagnostic service utilization and reinforced market growth.

Latin America

Brazil, Mexico, and Argentina have slower growth due to limited healthcare infrastructure and financial constraints, though urban centers are increasingly adopting advanced imaging technologies. Cost-effective and mobile imaging solutions are gaining traction to improve accessibility in underserved regions.

👉 For deeper analysis, detailed segment data, and company insights: 🔗 Request Customization Report

Market Segmentation

By Product:

X-Ray

CT

Ultrasound

Nuclear Imaging

Others

By Application:

Orthopedics

Cardiovascular

Neurology

Pelvic & Abdomen

Oncology

By End-User:

Hospitals

Diagnostic Centers

Others

By Region:

North America: United States, Canada

Europe: France, Germany, Italy, Spain, UK, Belgium, Netherlands, Turkey

Asia-Pacific: China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand

Latin America: Brazil, Mexico, Argentina

Middle East & Africa: Saudi Arabia, UAE, South Africa

Key Players in the Diagnostic Imaging Market

FUJIFILM VisualSonics Inc. – Advanced ultrasound and imaging solutions.

Canon Medical Systems Corporation – CT, MRI, and X-ray systems.

Bruker Corporation – Preclinical and clinical imaging technologies.

PerkinElmer Inc. – Nuclear and molecular imaging solutions.

Hitachi – Diagnostic imaging devices and patient monitoring systems.

Hologic – AI-enabled breast imaging and diagnostic solutions.

RadNet – Diagnostic center services and imaging infrastructure.

Koninklijke Philips – Wide range of imaging technologies including AI-based devices.

These players focus on innovation, strategic partnerships, and product launches to maintain market leadership while improving diagnostic accuracy and patient outcomes.

Market Outlook and Trends

The global diagnostic imaging market is expected to continue its growth trajectory due to:

Increasing demand for early disease detection and preventive care.

Rising AI-enabled imaging solutions improving accuracy and workflow efficiency.

Expansion of healthcare infrastructure and telemedicine capabilities.

Rising prevalence of chronic diseases and aging populations.

Government initiatives and awareness programs promoting imaging adoption.

By 2033, the market is projected to reach USD 64.96 billion, with hospitals remaining the largest end-user segment. Emerging markets in Asia-Pacific and the Middle East are expected to experience rapid adoption due to healthcare modernization and increased investment in diagnostic imaging technologies.

Note: If you need details, data, or insights not covered in this report, we are glad to assist. Through our customization service, we will collect and deliver the information you require, tailored to your specific needs. Share your requirements with us, and we will update the report to align with your expectations.