U.S. Medical Imaging Market Size & Outlook, 2023-2030
U.S. medical imaging market, 2018-2030 (US$M)
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U.S. medical imaging market highlights
- The U.S. medical imaging market generated a revenue of USD 11,038.2 million in 2023 and is expected to reach USD 14,695.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, ultrasound was the largest revenue generating technology in 2023.
- Computed Tomography is the most lucrative technology segment registering the fastest growth during the forecast period.
Medical imaging market data book summary
| Market revenue in 2023 | USD 11,038.2 million |
| Market revenue in 2030 | USD 14,695.4 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasound |
| Fastest growing segment | Computed Tomography |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | X-ray, Magnetic Resonance Imaging, Ultrasound, Computed Tomography, Nuclear Imaging |
| Key market players worldwide | GE Aerospace, Koninklijke Philips NV, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, FUJIFILM Holdings Corp, Carestream Health - HCIS business, Hitachi Ltd, Samsung Electronics Co Ltd, Koning, PerkinElmer, Konica Minolta Inc, Esaote, Hologic Inc, Varex Imaging Corp |
Other key industry trends
- In terms of revenue, U.S. accounted for 27.7% of the global medical imaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. medical imaging market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,919.1 million by 2030.
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Medical Imaging Market Scope
Medical Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. medical imaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical imaging market will help companies and investors design strategic landscapes.
Ultrasound was the largest segment with a revenue share of 23.16% in 2023. Horizon Databook has segmented the U.S. medical imaging market based on x-ray, magnetic resonance imaging, ultrasound, computed tomography, nuclear imaging covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. accounted for highest revenue share of the medical imaging market in 2022. Some factors responsible for its dominance are aging demographic trends, advancing technologies, changing patient care strategies, and evolving epidemiological patterns.
In October 2020, GE Healthcare collaborated with St. Luke's University Health Network to install 76 ultrasound systems as part of an AI-powered technology fleet, making it GE Healthcare's largest single-order ultrasound contract in the country worth USD 11 million.
The growing awareness about the safety and diagnostic efficiency of medical imaging devices among healthcare providers has contributed to their rising adoption.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. medical imaging market , including forecasts for subscribers. This country databook contains high-level insights into U.S. medical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. medical imaging market size, by technology, 2018-2030 (US$M)
U.S. Medical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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