BRICS Medical Imaging Equipment Market
No. of Pages: 150 | Report Code: BMIPUB00031659 | Category: Life Sciences
No. of Pages: 150 | Report Code: BMIPUB00031659 | Category: Life Sciences
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.
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.
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.
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.
The following methodology has been followed for the collection and analysis of data presented in this report:
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:
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.
The Insight Partners 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:
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:
The BRICS Medical Imaging Equipment Market is valued at US$ 6,211.8 Million in 2024, it is projected to reach US$ 9,994.1 Million by 2031.
As per our report BRICS Medical Imaging Equipment Market, the market size is valued at US$ 6,211.8 Million in 2024, projecting it to reach US$ 9,994.1 Million by 2031. This translates to a CAGR of approximately 7.0 % during the forecast period.
The BRICS Medical Imaging Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the BRICS Medical Imaging Equipment Market report:
The BRICS Medical Imaging Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The BRICS Medical Imaging Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the BRICS Medical Imaging Equipment Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For BRICS Medical Imaging Equipment Market
