The North America medical imaging equipment market size is expected to reach US$ 25,391.59 million by 2031 from US$ 19,599.12 million in 2024. The market is estimated to record a CAGR of 3.8% from 2025 to 2031.
Executive Summary and North America Medical Imaging Equipment Market Analysis:
In the global medical imaging equipment market share, North America has the highest share, due to strong healthcare infrastructure/systems and rapid technology adoption. North America will remain the leading country in this area because large investments in hospitals, diagnostic imaging, and research facilities are likely to continue. As the population grows older, it is moving towards greater demand for medical imaging equipment. for this segment of the population a greater need for diagnostic services exists. as well, this population has a greater propensity for disease, illness and injury related to the aging process. Examples of likely illnesses include cardiovascular diseases, cancers, and musculoskeletal disorders, which signal increasing demand for medical imaging diagnostics and treatment.
North America 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.
North America Medical Imaging Equipment Market Outlook
In the global medical imaging equipment market share, North America has the highest share, due to strong healthcare infrastructure/systems and rapid technology adoption. North America will remain the leading country in this area because large investments in hospitals, diagnostic imaging, and research facilities are likely to continue. As the population grows older, it is moving towards greater demand for medical imaging equipment. for this segment of the population a greater need for diagnostic services exists. as well, this population has a greater propensity for disease, illness and injury related to the aging process. Examples of likely illnesses include cardiovascular diseases, cancers, and musculoskeletal disorders, which signal increasing demand for medical imaging diagnostics and treatment.
For instance, according to the data published in October 2024 by the Centers for Disease Control and Prevention (CDC), cardiovascular diseases are the leading cause of death for men, women, and people of most racial and ethnic groups in the US. One person dies every 33 seconds from cardiovascular disease. In 2022, 702,880 people died from cardiovascular diseases in the US.
In addition, North America serves as an epicentre for innovation and technology, with continuous advances in imaging technology, such as artificial intelligence (AI), image clarity and resolution, and faster, more accurate scanning. Additionally, healthcare spending is high in North America and the North American region places greater emphasis on research and development, which will further enable the adoption and implementation of new equipment. North America is expected to continue to lead the global medical imaging equipment market, in addition to claiming the largest share, as there is a robust healthcare system, innovation, and higher demand for diagnostic imaging.
North America Medical Imaging Equipment Market Country Insights
Based on region, the North America medical imaging equipment Market is further segmented into the United States, Canada and Mexico. The United States held the largest share in 2024.
The United States is the largest and most advanced medical imaging equipment market in the world, claiming a large share of the global revenues. With its expansive healthcare infrastructure, high adoption of advanced technologies, and solid reimbursement, the U.S. serves as a basis for innovation and commercialization of devices in medical imaging. The medical demographics in the U.S. are influenced by a mix of public and private healthcare systems, high disease burden, and a supportive investment/regulatory environment which allows the improvement of both technology and clinical integration.
One of the challenges is the high burden of chronic diseases such as cardiovascular disorders, cancer, and neurological disorders, all of which need early & accurate diagnosis through imaging technologies. There were 2,380,189 new cancer cases in 2022 according to the Global Cancer Observatory (GCO), plus 605,761 deaths from cancer. Breast cancer was the leading type of cancer in the United States comprising about 11.5% of cancer cases overall, with prostate cancer in second with 9.7% of cancer cases overall. This cancer burden emphasizes how critical early detection is and the role of medical imaging technologies, e.g. mammography, MRI, and ultrasound that improve patient outcomes.
North America 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.
North America 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
North America Medical Imaging Equipment Market Strategic Insights
North America Medical Imaging EquipmentMarket Report Highlights
| Report Attribute | Details |
| Market size in 2024 | US$ 19,599.12 Million |
| Market Size by 2031 | US$ 25,391.59 Million |
| CAGR (2025 - 2031) | 3.8% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Product Type
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Regions and Countries Covered
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| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
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North America Medical Imaging Equipment Market Country and Regional Insights
