Medical Imaging Market Size To Reach $64.7 Billion By 2033

January 2026 | Report Format: Electronic (PDF)

Medical Imaging Market Growth & Trends

The global medical imaging market size is estimated to reach USD 64.7 billion by 2033, registering a CAGR of 5.1% from 2026 to 2033, according to a new report by Grand View Research, Inc. Increasing demand for advanced diagnostic systems in developing countries and growing trends of market player collaborations are some of the key factors driving the market.

Developing countries have shown a surge in the volume of imaging procedures in the past few years. The low density of installed imaging systems in these regions is expected to provide significant growth potential during the forecast period. Favorable government policies and booming medical tourism in these countries are expected to attract global market players in the untapped market. The integration of multiple imaging modalities is expected to play an important role in market growth. These systems have accurate diagnostic capabilities and are available at affordable prices. The integration of imaging modalities with surgical suites is anticipated to open a new avenue for the market at the global level.

The development of portable diagnostic tools is important to expand the applications of imaging devices in ambulatory care, clinics, and emergency care departments. Handheld ultrasound devices provide quick and safer images that are critical in emergency care. Ongoing trials and studies to explore the potential of MRI technology for the early detection of neurological conditions are showing positive results. The development of new radiofrequency coils is anticipated to expand these applications during the forecast period.

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Medical Imaging Market Report Highlights

Based on technology, the magnetic resonance imaging segment accounted for the largest market share of 27.9% in 2025. MRI systems have applications in imaging of various organs, including the abdomen, pelvis, brain, spine, heart, and breast as well as musculoskeletal structure.
Based on application, the orthopedic imaging segment dominated the market in 2025 by capturing 32.4% of global revenue share.
Based on end-use, the hospitals segment accounted for the largest revenue share of 42.0% in 2025. The hospital segment encompasses healthcare facilities primarily providing inpatient and outpatient care, diagnostic services, and treatment interventions.
The North America medical imaging market held the largest revenue share of 36.3% in 2023. This can be attributed to various factors, such as increased adoption of medical imaging technology in primary care settings, improved accessibility, and high healthcare spending in countries with efficient reimbursement policies.

Medical Imaging Market Segmentation

Grand View Research has segmented the global medical imaging market on the basis of technology, applications, end-use, and region:

Medical Imaging Technology Outlook (Revenue, USD Million, 2021 - 2033)

X-ray Devices
- Radiography
- Fluoroscopy
- Mammography
Ultrasound
- Handheld
- Compact
- Cart/Trolley Based
Computed Tomography
- High end slice CT
- Mid end slice CT
- Low end slice CT
- Cone beam CT
Magnetic Resonance Imaging
- Closed System
- Open System
Nuclear Imaging
- SPECT
- PET