Medical Imaging Information System Market Size, Share, By Type (MRI, CT scan, Computed Tomography, Ultrasound, X-Ray, and Others), Software Type (DIACOM Viewing Software, PACS, and Others), Application (Oncology, Cardiology, Orthopedics, Neurology, Gynecology, and Others), End-User (Hospitals, Diagnostic Imaging Centers, and Others), and Region - Trends, Analysis, and Forecast till 2035

• The target market is projected to grow at USD 65.7 Billion in 2035.
• Medical imaging information system market size was value at USD 41.5 Billion in 2024.
• The market is growing at a CAGR of 5.2%.

Market Overview:

Medical imaging seeks to reveal internal structures hidden by the skin and bones and to diagnose and treat diseases. Medical imaging also establishes a database of normal anatomy and physiology to make it possible to identify abnormalities. With the increase in need of imaging systems for precision in detecting and treating diseases, the need for medical/diagnostic imaging market is also increasing.

Moreover, there is also a rapid rise in chronic diseases, such as cancer, for which medical imaging is essential resulting in fueling the medical imaging information system market. Medical imaging helps in diagnosis of diseases even before the symptoms of the diseases start to appear and in tracking and monitoring the effects of the treatment, further contributing the medical imaging information mark system market growth. 

Key Takeaways:

• North America held the largest share of the market in 2023 due to increasing cases of chronic diseases, such as cancer.
• Asia Pacific is expected to be the fastest-growing market during the forecast period owing to increasing health consciousness among consumers, and rising focus on patient safety.

Key Drivers of Target Market:

Widespread Increase in Chronic Diseases can Drive Market Expansion

Chronic diseases are those that last for at least one year or more and require ongoing medical attention. These include diseases, such as stroke, cancer diseases, glioblastoma, heart diseases and others. Chronic diseases are the major causes of global mortality and morbidity and are increasing day by day thus, medical imaging systems comes to the rescue, by providing quick and precise diagnosis and treatment. Medical imaging systems also helps in detecting any disease at an early stage resulting in a better and precise treatment, further augment market expansion.

• For instance, in December 2024, according to Mayo Clinic, medical researchers have announced the results of an innovative treatment approach, using medical imaging systems, which may offer improvement in overall survival in older patients with newly diagnosed glioblastoma while maintaining quality of life.

Restraints:

Exposure to Radiation Risks Can Further Hamper the Market Growth

Certain medical imaging systems use harmful radiations and these radiations in turn causes mutations resulting in cancer later in life. The radiations are comparatively more harmful for children.

Counterbalance Statements: Doctors can minimize diagnostic radiation risks by using checklists, alternative tests, and protective measures.

Opportunities & Market Trends:

Integration of AI in Medical Imaging System can Fuel Market Growth

The advent of technology has transformed the healthcare industry and made a significant impact in improving patient safety and aiding diagnosis and treatment delivery. The integration of AI in imaging procedures, such as in advanced CT scans, MRIs, and USs has helped to carry out repetitive tasks with almost 99% accuracy and minimal error in a more cost-effective manner as compared to conventional modalities.

The medical imaging information system market can be segmented into type, software type, application, end-user and region.

Type

Based on the type, the market is categorized into MRI, CT scan, computed tomography, ultrasound, X-Ray, and others. The magnetic resonance imaging (MRI) system segment has the highest medical imaging information system market share as MRI can produce high-quality scans with superior details. 

• For instance, in June 2021, Siemens Healthineers announces the Food and Drug Administration (FDA) clearance of the MAGNETOM Free. Max, a new High-V magnetic resonance (MR) scanner that combines a 0.55 Tesla (0.55T) field strength with deep learning technologies and advanced image processing. These systems had an improved implant imaging, reduced susceptibility challenges, and pulmonary imaging opportunities.

Software Type

The market is divided into DIACOM Viewing Software, PACS, and others on the basis of software type. The picture archiving and communication system (PACS) holds the largest market share as it manages medical imaging data and is used by healthcare industries globally.

Application

Based on the application, oncology, cardiology, orthopedics, neurology, gynecology, and others are the components on which market is distributed. The Orthopedics department dominated the application segment in 2023, by capturing approximately 33% global revenue share, due to the increase in trauma and sports injuries, leading to the increase use of medical imaging systems.

End-users

Based on the end-users, the market is subdivided into hospitals, diagnostic imaging centers, and others. The hospital segment accounted for the largest revenue share of approximately 41.8% in 2023, as there is a rise in utilization of automated systems at the hospitals for disease diagnosis and awareness of early detection of diseases, which is also increased.

Region:

Geographically, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are the regions studied in the market.  

North America: North America is expected to hold the dominant medical imaging information system market share during forecast period due to the increasing cases of chronic diseases such as cancer. There is a shortage of radiologists in this region resulting in a high demand of AI-based imaging tools that can assist and replace human radiologists in tasks, such as interpretation of medical images.

• For instance, in May, 2024, PocketHealth, the leading patient-centric medical image sharing platform, unveiled PocketHealth Basic, a new, free service that provides patients with fast and easy access to their medical imaging and reports. With PocketHealth Basic, patients now have timely, free, and effortless access to their medical imaging records, empowering them to participate in their healthcare journey, improving communication between patients and healthcare professionals, and enabling greater health equity.

Asia Pacific: Asia Pacific is considered to be the fastest growing region in the target market. Countries, such as China, India and many more are leading the charge significantly due to increasing health consciousness among people, resulting in fueling the Medical imaging information system market growth.

• For instance, in December 2024, Royal Philips, a global leader in health technology, announced its strategic collaboration with Singapore General Hospital (SGH) to set up a first-of-its-kind Magnetic Resonance Imaging (MRI) Training Centre in Singapore. This collaboration extends SGH's MR expertise to other public and private hospitals in Singapore and beyond, to upskill healthcare staff and improve patient care in Asia Pacific.

Medical imaging information system market Report Scope:

Segmentation:

By Type:

• MRI
• CT Scan
• Computed Tomography
• Ultrasound
• X-Ray
• Others

By Software Type:

• DIACOM Viewing Software
• PACS
• Others

By Application:

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

By End User:

• Hospitals
• Diagnostic Imaging Centers
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the Medical imaging information system market include Siemens Healthineers AG, GE Healthcare, FUJIFILM Holdings Corporation, and others. The key players are adopting strategies for the growth of the market, such as huge distribution network, strong brand reputation, key strategies, significant marketing, and fundamental investments.

List of Key Players in the Market:

• GE Healthcare
• Siemens Healthineers AG
• FUJIFILM Holdings Corporation
• Hologic, Inc.
• CANON MEDICAL SYSTEMS CORPORATION
• Agfa-Gevaert Group
• Koninklijke Philips N.V.
• Carestream Health
• Shimadzu Corporation
• Neusoft Corporation
• Hitachi High-Tech India Private Limited
• Subtle Medical, Inc.
• Fusemachines Inc.

• In December 2024, according to Newcastle University, a new method of scanning lungs is able to show in real time how air moves in and out of the lungs as people take a breath in patients with asthma, chronic obstructive pulmonary disease (COPD), and patients who have received a lung transplant. It enables experts to see the functioning of transplanted lungs and could enable medics to identify sooner any decline in lung function.
• In December 2024, researchers from King’s College London, used a chemical compound to light up treatment-resistant cancers on imaging scans, in a breakthrough that could help medical professional’s better target and treat cancer.

Analyst View:

Medical imaging information system are used by medical professionals for diagnosis and treatment of many chronic diseases, such as cancer. The systems help in detecting the diseases at an early stage providing a much precise treatment and as there is early diagnosis it results in lowering the treatment costs as well. The system may have certain restrains such as exposure to radiations but it can be overcome by the medical professionals. Complicated surgeries can also be performed easily and without risking the patient’s life with the help of advanced imaging systems. New product launches, advance technologies, and several collaborations and partnerships helps to boost the growth of the market in upcoming years.

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