Medical Imaging Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Technology (X-ray Devices, Ultrasound, Computed Tomography, Magnetic Resonance Imaging, Nuclear Imaging), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End-Use (Hospitals, Diagnostics Imaging Centers, Others) and Region Forecast 2020-2031

Medical Imaging Devices Market was valued at US$ 42,520.8 million in 2024 and is projected to reach US$ 60,231.1 million by 2031 at a CAGR of 5.1% from 2025-2031. Moreover, the U.S. Medical Imaging Devices Market is projected to grow at 5.2% of CAGR over the forecast period.

The market refers to the global industry involved in the design, manufacturing, and distribution of diagnostic equipment that visualizes the internal structures and functions of the human body. These devices, including MRI scanners, CT scanners, X-ray machines, ultrasound systems, and nuclear imaging equipment, play a critical role in disease diagnosis, treatment planning, and patient monitoring. By providing detailed anatomical and functional information, medical imaging devices enable healthcare professionals to detect, evaluate, and manage various medical conditions with precision and efficiency.

The market is witnessing robust growth, driven by technological advancements, increasing prevalence of chronic and lifestyle-related diseases, and rising demand for early and accurate diagnosis. Adoption is further supported by the expansion of healthcare infrastructure in emerging regions and the growing focus on minimally invasive procedures. Innovations such as AI-powered imaging, portable devices, and hybrid imaging modalities are transforming diagnostic capabilities. Furthermore, aging populations and increasing awareness of preventive healthcare are contributing to sustained market growth, positioning medical imaging devices as essential tools in modern medicine.

Facts & Figures

• Europe has launched a new doctoral network called METRAMAT under the Horizon 2022 Marie Sklodowska-Curie Action, which has opened 10 PhD positions for researchers focused on Medical Imaging Devices development.
• In late 2024, a work on multifunctional passive metacrystals was published which demonstrated that dielectric Medical Imaging Devices composites could be designed to operate up to 100 GHz, provide multiple signal handling (polarization, angle, frequency), and be fabricated via accessible additive manufacturing methods.
• The number of scholarly articles on Medical Imaging Devices (and related fields like plasmonics) continues to rise: more than 7,000 papers were published in 2023 in special issues and journals focused on Medical Imaging Devices/plasmonics, up from far fewer in earlier years.

Key Developments

• In June 2025, Hyperfine received FDA clearance for its “Swoop” portable MRI system equipped with Optive AI software. This is a significant advancement, as the system enhances image quality via higher signal-to-noise ratio, improves usability (especially for patients who are elderly, pediatric, or have difficulty with standard rigid MRI settings), and speeds up acquisition times.
• In February 2025, the FDA cleared Subtle Medical’s SubtleHD software, which is designed to significantly enhance MR image quality while cutting MRI acquisition times by up to 80% for certain protocols.

Medical Imaging Devices Market Segmentation

Based on the technology

• 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

Computed Tomography (CT) devices are anticipated to be the leading driver in the medical imaging devices market due to their rapid diagnostic capabilities, high-resolution imaging, and widespread clinical applications. CT imaging allows detailed visualization of internal organs, bones, and vascular structures, making it indispensable in oncology, cardiology, trauma care, and emergency medicine. High-end slice CT systems offer superior image clarity for complex diagnostics, while mid- and low-end CT systems are increasingly adopted in hospitals and diagnostic centers due to cost-effectiveness. Cone beam CT devices are particularly popular in dental and orthopedic imaging. The growing prevalence of chronic diseases, rising incidence of trauma cases, and increasing demand for early diagnosis of cancers and cardiovascular conditions are fueling CT adoption. Technological advancements, such as faster scan times, AI-based image reconstruction, and reduced radiation doses, are further enhancing CT’s clinical value, positioning it as the primary technological driver in the global medical imaging devices market.

Based on the application

• Cardiology
• Oncology
• Neurology
• Orthopedics
• Gastroenterology
• Gynecology
• Others

Oncology is anticipated to be the leading application driving the growth of the medical imaging devices market, primarily due to the increasing global incidence of cancer and the critical role of imaging in early detection, diagnosis, staging, and treatment monitoring. According to the World Health Organization (WHO), there were approximately 19.3 million new cancer cases worldwide in 2024, highlighting the urgent demand for advanced imaging modalities. Technologies such as MRI, CT, PET, and mammography are extensively utilized to detect tumors, assess progression, and evaluate response to therapy. The rise of personalized medicine and targeted cancer therapies further necessitates precise imaging for treatment planning. Hospitals and diagnostic centers are investing in hybrid imaging systems like PET/CT and PET/MRI to enhance accuracy and reduce diagnostic errors. Continuous technological innovations, including AI-assisted imaging and low-dose CT scans, are improving efficiency and patient safety, reinforcing oncology as the dominant application driving the medical imaging devices market.

Based on the end use

• Hospitals
• Diagnostics Imaging Centers
• Others

Hospitals are anticipated to be the leading end-use segment driving the growth of the medical imaging devices market, owing to their central role in providing comprehensive diagnostic, therapeutic, and emergency care. Hospitals house a wide range of imaging modalities, including MRI, CT, X-ray, ultrasound, and nuclear imaging systems, to support diverse clinical departments such as oncology, cardiology, and neurology. The increasing prevalence of chronic diseases, rising surgical procedures, and growing patient inflow into hospitals necessitate the availability of advanced imaging solutions on-site. Furthermore, hospitals benefit from greater financial resources, enabling investment in high-end imaging devices, AI-assisted systems, and hybrid modalities like PET/CT. The integration of imaging with hospital information systems enhances operational efficiency and patient management. With the expansion of healthcare infrastructure in both developed and emerging regions, hospitals remain the most influential end-use segment propelling the global medical imaging devices market.