Medical Imaging Equipment Services Market size was valued at USD 50 Billion in 2024 and is projected to reach USD 80 Billion by 2033, exhibiting a CAGR of 6% from 2026 to 2033.
The global medical imaging equipment services market was valued at approximately USD 38.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2023 to 2030. The increasing demand for diagnostic imaging, technological advancements, and the growing burden of chronic diseases are key drivers propelling the growth of the market. North America led the market in 2022, accounting for over 40% of the total share, due to the presence of advanced healthcare infrastructure and a large number of imaging procedures conducted annually. The European region is also significant in terms of market share, contributing nearly 30% in 2022, with countries such as Germany, the UK, and France showing strong market performance owing to the increasing number of healthcare facilities adopting advanced imaging services.
On the other hand, the Asia Pacific region is expected to witness the highest growth during the forecast period, with a CAGR of 7.1%, driven by the rising healthcare expenditure and increasing awareness about early diagnostics in emerging economies like China and India. The Latin American and Middle Eastern markets are also poised for moderate growth, with increasing investments in healthcare infrastructure and rising demand for imaging services. The growing trend of service contracts and equipment upgrades is expected to provide significant opportunities for market growth, especially in developing regions where healthcare systems are modernizing rapidly. Additionally, the rising number of diagnostic imaging procedures due to the aging population globally is expected to further fuel the demand for medical imaging equipment services in the coming years.
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GE Healthcare
Hitachi
Hologic
Koninklijke Philips
Shimadzu Corporation
Siemens Healthineers
Universal Hospital Services
Agfa-Gevaert Group
Althea Group
CANON MEDICAL SYSTEMS CORPORATION (Canon)
Carestream Health (ONEX)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medical Imaging Equipment Services Market
X-Ray Systems
MRI Machines
CT Scanners
Ultrasound Devices
Nuclear Imaging Equipment
Fluoroscopy Systems
Maintenance Services
Repair Services
Installation Services
Calibration Services
Upgrade Services
Consultation Services
Hospitals
Diagnostic Imaging Centers
Outpatient Surgery Centers
Research and Academic Institutes
Mobile Imaging Services
Veterinary Clinics
Static Imaging
Dynamic Imaging
3D Imaging
4D Imaging
Hybrid Imaging
Tele-radiology
Oncology
Cardiology
Neurology
Orthopedics
Pediatrics
Emergency Medicine
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medical Imaging Equipment Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medical Imaging Equipment Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medical Imaging Equipment Services Market, By Type
6. Global Medical Imaging Equipment Services Market, By Application
7. Global Medical Imaging Equipment Services Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Medical Imaging Equipment Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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