Medical Imaging Market Size

Medical Imaging Market size was over USD 45.3 billion in 2024 and is anticipated to exceed USD 98.7 billion by the end of 2037, witnessing over 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of medical imaging is evaluated at USD 47.55 billion.

The market is primarily driven by rising awareness among people regarding various imaging procedures, growing age-related issues among elderly people, the rapid growth of diagnostic centers across the world, and higher incidences of organ donation and transplantation. In 2020, there were about 130,000 organ transplants performed worldwide. The most often transplanted organ overall was the kidney, followed by heart transplants.

The rising incidences of chronic diseases such as cancer, diabetes, and kidney disorders, increasing neurological disorders associated with brain damage, and the rising number of orthopedic issues in adults and geriatric people are expected to fuel the growth of the medical imaging market. In 2022, there were about 25,000 brand-new cases of brain and nervous system cancer. It was in 2019, about 178 million new fractures were testified around the world’s population. Furthermore, the market growth is followed by a higher number of performing CT scans, a growing number of inpatients in emergencies, and an increased need for gradual monitoring equipment during the pandemic. Globally, the number of CT scan examinations is rising by 4% annually, totaling over 300 million scans annually.