U.S. Medical Imaging Market - By Product, By End Use - Forecast, 2025 - 2034

U.S. Medical Imaging Market Size

The U.S. medical imaging market was valued at USD 15.1 billion in 2024 and is projected to increase from USD 15.8 billion in 2025 to USD 24.9 billion by 2034, registering a CAGR of 5.2%, according to the latest report published by Global Market Insights Inc.

The growth of the U.S. medical imaging market is stimulated by several factors, including rising disease burden, technological advancement of medical imaging systems, and growing healthcare expenditure in U.S. Medical imaging uses various technologies in order to create visual representations of the interior part of the body for medical intervention and clinical analysis. Key players in this market include GE HealthCare Technologies, Siemens Healthineers, Koninklijke Philips, Canon Medical Systems, and Fujifilm Holdings.
 

The market size increased from USD 13.3 billion in 2021 to USD 14.5 billion in 2023, primarily due to the expanding geriatric population. As individuals age, they become more susceptible to chronic illnesses such as cardiovascular diseases, osteoporosis, and cancer, which require frequent hospitalizations and diagnostic procedures. Medical imaging technologies, including MRI, CT scans, and X-rays, are essential in diagnosing and monitoring these conditions, accelerating the demand for advanced medical imaging solutions.
 

For instance, according to the data from National Council on Aging, in 2022, the U.S. had 57.8 million adults aged 65 and older, comprising 31.9 million women and 25.9 million men. Among this population, 25% belonged to racially and ethnically diverse communities, demonstrating broad demographic impact. States such as Maine, Florida, West Virginia, and Vermont reported the highest proportion of elderly residents, indicating regions with significant healthcare demands. The increasing elderly population is stimulating the need for advanced imaging tools, establishing medical imaging as an essential component of modern healthcare. Moreover, the market continues to expand as hospitals and clinics respond to this demand, supported by technological advancements and rising patient volumes requiring imaging-based care.
 

Additionally, the rising incidence of chronic disease is one of the major factors accelerating the growth of the U.S. medical imaging market. Conditions such as Alzheimer's disease, cancer, and cardiovascular diseases, among others, require continuous monitoring, early diagnosis, and precise treatment planning, all of which depend heavily on advanced imaging technology. For instance, in 2025, nearly 7.2 million U.S. citizens aged 65 and older are living with Alzheimer's disease, according to the Alzheimer's Association. These figures highlight the urgent need for technologically advanced diagnostic imaging tools for early detection of neurological changes, tracking disease progression, and supporting clinical decision-making in managing Alzheimer's and related conditions, thereby fostering market growth in the country.
 

Medical imaging uses various technologies in order to create visual representations of the interior parts of the body for medical intervention and clinical analysis. These imaging technologies help healthcare professionals monitor and diagnose diseases, assess injuries, and guide treatment plans by providing detailed images of tissues, organs, and bones. Common medical imaging devices include CT scanner, medical X-ray, magnetic resonance imaging (MRI) systems, ultrasound, and other medical imaging devices.
 

U.S. Medical Imaging Market Trends

• Rising healthcare spending in the U.S. is a major trend contributing to the expansion of the medical imaging market. Higher expenditure allows greater investment in advanced diagnostic technologies, improved infrastructure, and broader access to imaging services.
   
• For instance, in 2023, health spending in the U.S. increased by 7.5% reaching USD 4.9 trillion, which marks the highest growth rate since 2003, excluding the pandemic-driven spike in 2020. Additionally, healthcare spending outpaced GDP growth for the first time since the pandemic, with health expenditure accounting for 17.6% of GDP.
   
• Thus, as healthcare systems allocate more resources towards patient care, hospitals and clinics are better equipped to adopt devices such as MRI, CT scanners, and X-ray systems.
   
• These trends show a strong commitment to healthcare investment, which directly supports the adoption and expansion of medical imaging technologies across the country, thereby fostering market growth.
   
• Moreover, reimbursement of the medical scans in the country is playing a crucial role in accelerating the growth of the market. By making medical imaging, such as X-ray, a cost-affordable option among individuals through the reimbursement framework, the rate of patients seeking medical imaging will increase, accelerating the market growth.
   

U.S. Medical Imaging Market Analysis

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The market was valued at USD 13.3 billion in 2021. The market size reached USD 14.5 billion in 2023, from USD 14 billion in 2022.
 

Based on the product, the U.S. medical imaging market is segmented into X-ray devices, MRI, ultrasound, computed tomography, nuclear imaging, and mammography. The X-ray devices segment dominated the market in 2024. This segment was valued at USD 4.6 billion in 2024 and is projected to reach USD 7.4 billion by 2034, growing at a CAGR of 4.9%. In comparison, the MRI segment, valued at USD 2.3 billion in 2024, is expected to grow to USD 4.1 billion by 2034, with a CAGR of 6%.
 

• X-ray systems are essential tools in medical imaging, used to capture detailed images of bones, organs, and tissues. These systems help healthcare professionals detect fractures and monitor disease.
   
• The rising technological advancements, such as the development of portable digital radiography systems and wireless digital radiography, are contributing to the segment's growth by offering flexibility and convenience.
   
• A notable example of such innovation is Shimadzu’s MobileDaRt Evolution MX8 Version k type with wireless FPD. This system is equipped with Dynamic Digital Radiology (DDR) that captures a series of static images at high speed, which can be viewed as a moving image. This type of device is designed for the condition where the patient's mobility is limited, and they cannot be transported to the X-ray room.
   
• Thus, advanced and innovative X-ray systems are transforming radiology by combining intelligent automation with clinical precision. Such advanced imaging solutions are playing an important role in accelerating the growth of the market across the U.S.
   

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Based on end use, the U.S. medical imaging market is segmented into hospitals, diagnostic centers, and other end users. The hospitals segment accounted for the highest market share of 52.6% in 2024.
 

• Hospital is the leading segment in the U.S. medical imaging market due to their infrastructure and ability to provide a wide range of diagnostic imaging services, which is estimated to reach USD 813.2 billion by 2032, and therapeutic services. Hospitals are equipped with advanced imaging technologies such as MRI, CT, and digital X-ray systems, which are essential for diagnosing complex conditions.
   
• Moreover, rising admissions of patients in the hospital further propel the need for advanced diagnostic tools for accurate and early disease diagnosis.
   
• For instance, in 2023, according to the American Hospital Association, U.S. hospitals had 913,136 staffed beds and recorded 34.4 million admissions in total. These figures highlight the rising rate of hospital admissions and the need for advanced diagnostic tools such as CT, X-ray, and MRI for the diagnosis of various disease conditions.
   
• Additionally, the establishment of new hospitals and the expansion of existing facilities are further fueling the need for advanced diagnostic imaging solutions to cater to diverse medical services and patient requirements.
   

U.S. Medical Imaging Market Share

• Key players, including GE HealthCare Technologies, Siemens Healthineers, Koninklijke Philips, Canon Medical Systems, and Fujifilm Holdings collectively hold 96% of the U.S. market share. These companies maintain their leadership through diverse product portfolios, strategic collaborations, regulatory approvals, and ongoing innovation.
   
• For instance, GE Healthcare Technologies has significantly expanded its presence in the U.S. medical imaging market through continuous innovation, AI integration, and partnerships. The company offers a comprehensive range of imaging solutions including MRI, CT, ultrasound, X-ray, and molecular imaging systems designed to enhance diagnostic accuracy and workflow efficiency across clinical specialties. GE HealthCare remains at the forefront of medical imaging innovation focused on delivering precision care, improving clinical workflows, and expanding access to underserved populations. For instance, in May 2025, the company received FDA approval for pediatric use of its Optison ultrasound enhancing agent, enabling clearer echocardiographic imaging in children and expanding its reach in pediatric cardiology.
   
• Furthermore, other notable players in the market, including Fujifilm Holdings, Konica Minolta, Hologic, Shimadzu, Carestream Health, Samsung Medison, and Esaote, are actively engaged in advancing diagnostic imaging technologies. These companies are strategically increasing their investments in research and development, AI integration, product launches, and partnerships with healthcare institutions to strengthen their U.S. presence and expand their market reach.
   

U.S. Medical Imaging Market Companies

Few of the prominent players operating in the U.S. medical imaging industry include:

• Canon Medical Systems
• Carestream Health
• Esaote
• Fujifilm Holdings
• GE HealthCare Technologies
• Hologic
• Konica Minolta
• Koninklijke Philips
• Samsung Medison
• Shimadzu
• Siemens Healthineers
   
• Siemens Healthineers

Siemens Healthineers AG is a leader in developing and manufacturing a wide array of healthcare products and solutions aimed at enhancing patient outcomes across various medical disciplines. The company delivers innovative technologies across multiple segments, including in-vitro diagnostics for laboratories, hospitals, and point-of-care testing. Operating through regional subsidiaries in Germany, the U.S., Asia, and over 70 other countries, Siemens Healthineers continues to advance healthcare delivery. Its focus remains on transforming patient care through cutting-edge medical technologies and a commitment to improving lives worldwide.
 

• Shimadzu

Shimadzu operates in over 100 countries through a network of subsidiaries and offices across the Americas, Europe, Asia, and other regions. The company offers advanced diagnostic imaging solutions designed to enhance clinical precision and improve workflow efficiency, particularly in surgical and interventional procedures.
 

• Hologic

Hologic medical technology company specializing in diagnostic imaging systems, surgical devices, and molecular diagnostics, with a strong focus on women’s health. Headquartered in Marlborough, Massachusetts, Hologic serves hospitals and clinics across the U.S. through direct operations and strategic partnerships. The company leads in breast health and diagnostics, contributing significantly to the U.S. medical imaging market.
 

U.S. Medical Imaging Industry News:

• In March 2025, Canon Medical unveiled major AI-driven upgrades to its Aquilion ONE / INSIGHT Edition, featured the new PIQE 1024 matrix and SilverBeam technology across a broader spectrum of clinical applications. These enhancements significantly expanded the system’s capabilities and made advanced imaging technology more accessible to healthcare providers throughout the U.S. Canon Medical also integrated these innovations into the Aquilion ONE / PRISM Edition, reinforcing its dedication to delivering high-performance diagnostic solutions. This strategic move strengthened the company’s competitive edge in the market.
   

The U.S. medical imaging market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million and from 2021 -2034 for the following segments:

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Market, By Product

• X-ray devices
  • Digital
    • Direct radiography systems
    • Computed radiography systems
  • Analog
• MRI
• Ultrasound
  • 2D Ultrasound
  • 3D Ultrasound
  • Other ultrasounds
• Computed tomography
• Nuclear imaging
• Mammography

Market, By End Use

• Hospitals
• Diagnostic centers
• Other end use