Diagnostic Imaging Equipment Market Size

Diagnostic Imaging Equipment Market size is poised to cross USD 62 Billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of diagnostic imaging equipment was over USD 45 Billion. An increase in the frequency of organ donation and transplantation is the main factor driving the market. Around 130,000 organ transplants was expected to be carried out globally in the year 2020. The kidney was the organ that was transplanted the most frequently overall, followed by heart transplants.

The prevalence of chronic illnesses, neurological disorders, and orthopedic problems is anticipated to drive the market expansion. Additionally, as the industry expands, more CT scans are performed globally. About 25,000 entirely new cases of brain and nervous system cancer will be diagnosed in 2022.  According to the World Health Organization, with 17.9 million deaths per year, cardiovascular diseases (CVDs) are the leading cause of death worldwide. Furthermore, over 300 million CT scans are performed each year worldwide, with that figure increasing by 4% annually.