𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭!

I typically write about medical ultrasound market and major players in it, but I thought it would be good to zoom out a little bit and look at #Medical #Imaging #Market in general.

Today the global market size for medical imaging equipment is around $40B with #CAGR of 5.5%. The following is the breakdown of the equipment market based on each imaging modalities.

Medical Imaging Equipment Market ($40B):
► X-ray ($13B),
► Ultrasound ($9B),
► MRI ($8B),
► CT ($7B),
► Nuclear Imaging ($3B).

GE HealthCare, Siemens Healthineers, Philips, 𝐂𝐚𝐧𝐨𝐧, and 𝐅𝐮𝐣𝐢𝐟𝐢𝐥𝐦 are all major players in these markets. To maintain variety, I will not repeat these players for each imaging modality.

𝐗-𝐫𝐚𝐲

X-ray is the biggest medical imaging modality in terms of market size. The global Medical #Xray market is roughly $13 billion and is expected to grow to $20B by 2030. That is compound annual growth rate (CAGR) of 5.8%. Some of the players in X-ray market include SHIMADZU CORPORATION, Carestream, United Imaging Healthcare, and AGFA HealthCare.

𝐔𝐥𝐭𝐫𝐚𝐬𝐨𝐮𝐧𝐝

Ultrasound is the 2nd biggest medical imaging modality. The global Medical Ultrasound market is roughly $9 billion and is expected to grow to $13B by 2030. That is compound annual growth rate (CAGR) of 5.5%. Some of the players in #Ultrasound market include: Mindray, Samsung Healthcare, and Esaote.

𝐌𝐑𝐈

The global Medical #MRI market is roughly $8 billion and is expected to grow to $12B by 2030. That is compound annual growth rate (CAGR) of 6%. Some of the players in MRI market include: Esaote, Neusoft Medical, 𝐅𝐨𝐧𝐚𝐫, and 𝐀𝐮𝐫𝐨𝐫𝐚.

𝐂𝐓

The global Medical #CT market is roughly $7 billion and is expected to grow to $10B by 2030. That is compound annual growth rate (CAGR) of 5.5%. Some of the players in CT market include United Imaging Healthcare, Samsung Healthcare, Carestream, and 𝐏𝐥𝐚𝐧𝐦𝐞𝐜𝐚.

𝐍𝐮𝐜𝐥𝐞𝐚𝐫 𝐈𝐦𝐚𝐠𝐢𝐧𝐠

The global Medical Nuclear Imaging market is roughly $3 billion and is expected to grow to $4B by 2030. That is compound annual growth rate (CAGR) of 4.9%. Some of the players in CT market include: Digirad, Neusoft Medical, and Absolute Medical Imaging.

*I must add that there are multiple sources that publish market size, market share, and anticipated growth rate for each of these markets. Unfortunately, there are a lot of discrepancies among these sources. I tried to cross reference the data as much as I could but there is always a possibility that I may have missed something. I encourage the reader to do their own research.

Our reference is https://www.linkedin.com/in/rezazahiri?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_contact_details%3BRYQ6qQmoQLmNan%2BQURMJcQ%3D%3D