BRICS Medical Imaging Equipment Market Outlook (2021-2031)

The BRIC medical imaging equipment market size is expected to reach US$ 9,994.1 million by 2031 from US$ 6,211.8 million in 2024. The market is estimated to record a CAGR of 7.0% from 2025 to 2031.

Executive Summary and BRIC Medical Imaging Equipment Market Analysis:

Medical imaging equipment market along BRICS is nurturing growth opportunities amid a buoyed market, awakened healthcare demands and expanded public welfare programs, along with an increasing emphasis on local production and newly upgraded technologies. These countries represent a very dynamic admixture of large populations, evolving disease burdens, and transformations in health systems, leading to strong demand for scalable and cost-effective forms of imaging. In India and China, rising urban population, booming middle class, and increasing government spending in healthcare are feeding the demand for state-of-the-art imaging modalities such as CT, MRI, and PET/CT. India is developing as a center for AI-enabled portable imaging systems, backed by domestic innovation and cooperative ventures with foreign countries, whereas China is deeply focusing on building high-end diagnostic infrastructure while encouraging local manufacturers to cut down on imports.

BRICS Medical Imaging Equipment Market Segmentation Analysis:

Key segments that contributed to the derivation of the medical imaging equipment Market analysis are type and application.

• By product type, the medical imaging equipment market is segmented into Magnetic Resonance Imaging Systems, Ultrasound, Computed Tomography Devices, X-Ray Imaging Devices and Nuclear Imaging Systems. The Computed Tomography segment dominated the market in 2024.
• In terms of applications, the market is segmented into Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Urology, and Other Applications. The oncology segment held the largest share of the market in 2024.
• By end user, the market is segmented into Hospitals, Specialty Clinics, Diagnostics Imaging Centers, Academic & Research Institutes and Others. The hospitals segment held the largest share of the market in 2024. 

BRIC Medical Imaging Equipment Market Outlook

The BRIC medical imaging equipment market is segmented into Russian Federation, Brazil, South Africa, India, and China. The medical imaging equipment market across BRICS nations is experiencing robust growth, driven by rising healthcare demands, expanding public health initiatives, and an increasing focus on both local manufacturing and advanced technologies. These countries represent a dynamic mix of large populations, evolving disease burdens, and healthcare system transformations, creating strong demand for scalable and cost-effective imaging solutions.

BRIC Medical Imaging Equipment Market Country Insights

Based on region, the BRIC medical imaging equipment Market is further segmented into the Russian Federation, Brazil, South Africa, India, and China. The China held the largest share in 2024.

Growing urban population in India and China, rising middle classes, and government spending on healthcare in both countries are driving demand for sophisticated imaging modalities such as CT, MRI, and PET/CT. India is also becoming a hub for Al-based and mobile imaging systems, with the help of indigenous innovation and global collaborations. China continues to invest heavily in diagnostic facilities that feature the highest level of quality while encouraging local suppliers to reduce product imports.

 Brazil and South Africa are more focused on expanding access to diagnosis for underserved populations and areas. Public-private partnerships, mobile imaging units, and teleradiology networks have been successful in reducing the access gap in rural areas and peri-urban places. For example, in Brazil, there has been a steady increase in private investment in the imaging centre sector while in South Africa there is digital imaging machines as part of the push for universal health coverage.

In Russia, the modernization of public healthcare facilities and strategic objectives on self-sufficiency in technologies influence the market. There is greater investment in domestic imaging technologies and Al-based diagnosis, as well as efforts to equip radiology departments with more efficient and integrated solutions.

BRICS Medical Imaging Equipment Market Company Profiles

GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, CANON MEDICAL SYSTEMS CORPORATION, Koninklijke Philips N.V., and Shimadzu Corporation are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.

BRIC Medical Imaging Equipment Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations
• Industry trade journals and other relevant publications
• Government documents, statistical databases, and market reports
• News articles, press releases, and webcasts specific to companies operating in the market

Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.

• Primary Research

Business Market Insights conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:

• Refine findings from secondary research
• Enhance the expertise and market understanding of the analysis team
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects

Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

Key Sources Referred:

• The World Bank World Development Indicators
• World Health Organization (WHO)
• Global Cancer Observatory
• Medicines and Healthcare Products Regulatory Agency (MHRA)
• American Cancer Society
• European Society of Cardiology
• American College of Cardiology Foundation
• Company website
• Accompany annual reports
• Company investor presentations

BRICS Medical Imaging Equipment Market Strategic Insights

BRICS Medical Imaging EquipmentMarket Report Highlights

BRICS Medical Imaging Equipment Market Country and Regional Insights