The global market for Medical Imaging Equipment Services was valued at US$22.7 Billion in 2024 and is projected to reach US$29.7 Billion by 2030, growing at a CAGR of 4.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have significantly impacted the medical imaging equipment services sector. Modern imaging devices are increasingly sophisticated, incorporating advanced features such as artificial intelligence, digital imaging, and automated workflows. These innovations have improved diagnostic capabilities but also require more advanced and frequent servicing to ensure optimal performance. Remote monitoring and diagnostics have emerged as key trends, allowing service providers to proactively identify and address issues before they lead to equipment failure. This approach not only reduces downtime but also enhances the efficiency of maintenance processes. Furthermore, the integration of IoT (Internet of Things) in medical imaging equipment enables continuous performance monitoring and predictive maintenance, ensuring that potential problems are detected and resolved promptly.
The growth in the medical imaging equipment services market is driven by several factors. The increasing demand for advanced diagnostic imaging procedures is one major driver, as more healthcare facilities invest in cutting-edge imaging technologies to enhance their diagnostic capabilities. Additionally, the rising prevalence of chronic diseases and the aging population are leading to higher utilization rates of imaging equipment, necessitating regular maintenance and servicing. Technological advancements in imaging equipment also require specialized service expertise, further boosting the demand for professional services. Rise in demand for refurbished medical imaging equipment is also driving demand for services. Moreover, the trend towards value-based healthcare is encouraging hospitals and clinics to focus on maintaining their equipment in top condition to ensure high-quality patient care. Regulatory requirements mandating strict maintenance and calibration standards for medical imaging equipment are also contributing to market growth. Finally, the expansion of healthcare infrastructure in emerging markets is creating new opportunities for service providers, as these regions invest in modern medical imaging technologies to meet the growing healthcare needs. Together, these factors are fostering a dynamic and expanding market for medical imaging equipment services, presenting significant opportunities for continued growth and innovation.
Global Medical Imaging Equipment Services Market - Key Trends & Drivers Summarized
Medical imaging equipment services are crucial for maintaining the functionality and reliability of imaging devices used in diagnostics and treatment. These services encompass a wide range of activities, including installation, preventive maintenance, calibration, repair, and technical support for various imaging modalities such as MRI, CT scanners, X-ray machines, ultrasound, and PET scanners. Ensuring these machines operate at peak performance is essential for accurate diagnosis and patient safety. Service providers often offer comprehensive service contracts that include regular inspections, software updates, and emergency repairs, helping healthcare facilities minimize downtime and extend the lifespan of their equipment. Additionally, the increasing complexity of imaging technologies necessitates specialized knowledge and training for technicians, further emphasizing the importance of dedicated medical imaging equipment services.Technological advancements have significantly impacted the medical imaging equipment services sector. Modern imaging devices are increasingly sophisticated, incorporating advanced features such as artificial intelligence, digital imaging, and automated workflows. These innovations have improved diagnostic capabilities but also require more advanced and frequent servicing to ensure optimal performance. Remote monitoring and diagnostics have emerged as key trends, allowing service providers to proactively identify and address issues before they lead to equipment failure. This approach not only reduces downtime but also enhances the efficiency of maintenance processes. Furthermore, the integration of IoT (Internet of Things) in medical imaging equipment enables continuous performance monitoring and predictive maintenance, ensuring that potential problems are detected and resolved promptly.
The growth in the medical imaging equipment services market is driven by several factors. The increasing demand for advanced diagnostic imaging procedures is one major driver, as more healthcare facilities invest in cutting-edge imaging technologies to enhance their diagnostic capabilities. Additionally, the rising prevalence of chronic diseases and the aging population are leading to higher utilization rates of imaging equipment, necessitating regular maintenance and servicing. Technological advancements in imaging equipment also require specialized service expertise, further boosting the demand for professional services. Rise in demand for refurbished medical imaging equipment is also driving demand for services. Moreover, the trend towards value-based healthcare is encouraging hospitals and clinics to focus on maintaining their equipment in top condition to ensure high-quality patient care. Regulatory requirements mandating strict maintenance and calibration standards for medical imaging equipment are also contributing to market growth. Finally, the expansion of healthcare infrastructure in emerging markets is creating new opportunities for service providers, as these regions invest in modern medical imaging technologies to meet the growing healthcare needs. Together, these factors are fostering a dynamic and expanding market for medical imaging equipment services, presenting significant opportunities for continued growth and innovation.
Scope of the Study
The report analyzes the Medical Imaging Equipment Services market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Service Type (Equipment Repair & Maintenance, Equipment Removal & Relocation, Refurbished Systems, Other Service Types); Service Provider (OEM, Other Service Providers); End-Use (Hospitals, Diagnostic Centers, Other End-Uses).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Equipment Repair & Maintenance Services segment, which is expected to reach US$17.9 Billion by 2030 with a CAGR of a 5.1%. The Equipment Removal & Relocation Services segment is also set to grow at 3.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $6.7 Billion in 2024, and China, forecasted to grow at an impressive 6.1% CAGR to reach $3.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Althea Group, Agfa Healthcare NV, Barco NV, Canon Medical Systems Corporation, GE HealthCare and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Medical Imaging Equipment Services Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Medical Imaging Equipment Services Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Medical Imaging Equipment Services Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 56 major companies featured in this Medical Imaging Equipment Services market report include:
- Althea Group
- Agfa Healthcare NV
- Barco NV
- Canon Medical Systems Corporation
- GE HealthCare
- Neusoft Medical Systems Co., Ltd.
- Philips Healthcare
- Siemens Healthcare GmbH
- Samsung Medison Co., Ltd.
- Shimadzu Corporation
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Althea Group
- Agfa Healthcare NV
- Barco NV
- Canon Medical Systems Corporation
- GE HealthCare
- Neusoft Medical Systems Co., Ltd.
- Philips Healthcare
- Siemens Healthcare GmbH
- Samsung Medison Co., Ltd.
- Shimadzu Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 529 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 22.7 Billion |
| Forecasted Market Value ( USD | $ 29.7 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
