Global medical imaging market to reach $82.6b by 2029

A key driver is the growing demand for non-invasive diagnostics.

The global medical imaging market is projected to grow from $63.4b in 2024 to $82.6b by 2029, according to BCC Research. This reflects a compound annual growth rate of 5.5%.

Key drivers of growth in the medical imaging market include its essential role in both invasive and non-invasive procedures, where it supports surgical accuracy and enables effective diagnostics without the need for surgery.

Demand for advanced technologies such as 3D imaging and improved MRI and CT scanners is also increasing, enhancing diagnostic precision and patient outcomes.

Additonally, the rising prevalence of chronic diseases like cancer and diabetes is also contributing to greater imaging needs, supported by increased investment in healthcare.

Moreover, artificial intelligence is playing a growing role by speeding up image analysis, improving accuracy, and enabling more personalised treatment planning.