Medical Imaging Market is expected to reach US$ 33,002.52 Mn by 2028

CT SystemsSegment to Register Highest CAGR During 2021–2028

According to our latest research study on “Medical Imaging Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product and End User,” the market was valued at US$ 23,901.88 million in 2020 and it is projected to reach US$ 33,002.52 million by 2028; it is expected to grow at a CAGR of 4.3% during 2021–2028. The report highlights trends prevailing in the market and the factors driving and restraining the market growth.

Based on product, the global medical imaging market is segmented into CT systems, X-ray systems, PET systems, MRI systems, ultrasound systems, and others. The X-ray segment held the largest share of the market in 2020 and is also anticipated to register the highest CAGR in the market during the forecast period.

The growth of the global medical imaging market is attributed to key driving factors such as increasing demand for early disease diagnosis and widening scope of clinical applications, rapidly growing geriatric population and the subsequent increase in the prevalence of associated diseases, technological advancements in diagnostic imaging industry, and increasing investments, funds, and grants by public-private organizations.

General Electric Company; Siemens AG; Koninklijke Philips N.V.; SHIMADZU CORPORATION; Hitachi, Ltd.; Canon Inc.; Hologic, Inc.; Carestream Health Inc.; ESAOTE SP; and Samsung Group are among the major companies operating in the global medical imaging market.

Global Medical Imaging Market, by Region, 2020 (%)

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Medical Imaging Market to Grow at a CAGR of 4.3% to reach US$ 33,002.52 Mn Million from 2021 to 2028

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Medical Imaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (CT Systems, X-ray Systems, PET Systems, MRI systems, Ultrasound Systems, Others); End User (Urgent Care Centers, OP Centers, Clinicians Offices, Emergency Care Centers), and Geography

The report segments global medical imaging market as follows:

By Product

• CT Systems
• X-ray Systems
• PET Systems
• MRI Systems
• Ultrasound Systems
• Others

By End User

• Urgent Care Centres
• OP Centres
• Clinicians’ Offices
• Emergency Care Centres

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa
• South and Central America (SCAM)
  • Brazil
  • Argentina
  • Rest of South and Central America