North America Medical Imaging Market Trends, Size, Segment and Growth by Forecast to 2030

North America Medical Imaging Market
X-ray Systems Segment Dominated the Product Category in the North America Medical Imaging Market (2021–2028)

According to a recent market research report titled “North America Medical Imaging Market Forecast to 2028 – COVID-19 Impact and Regional Analysis by Product and End User,” the market is projected to grow from US$ 8,083.5 million in 2021 to US$ 10,986.5 million by 2028, at a compound annual growth rate (CAGR) of 4.5%. The study outlines key trends, drivers, and challenges shaping the market. Key growth drivers include the introduction of advanced imaging technologies and the rising demand for early and accurate diagnosis. However, growth may be hindered to some extent by declining reimbursement rates.

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The COVID-19 pandemic significantly impacted the North American healthcare landscape, including the medical imaging sector. The rise in infections led to widespread city shutdowns, resulting in the postponement or cancellation of numerous medical appointments and procedures. This particularly affected patients requiring imaging for chronic and serious conditions such as cardiovascular, musculoskeletal, and OB-GYN issues, due to the need for social distancing.

Nevertheless, imaging technologies became vital tools during the pandemic. Companies like Siemens Healthineers and GE Healthcare played a key role by deploying imaging techniques such as CT and ultrasound scans to assess lung involvement in COVID-19 patients. For example, Siemens Healthineers promoted the use of lung ultrasound—recommended for acute respiratory failure—as an alternative diagnostic tool when CT scans were not readily available. Although the pandemic disrupted supply chains and manufacturing operations, the surge in demand for diagnostic imaging helped drive market growth.

The North America medical imaging market is segmented by product and end user. Based on product, the market includes:

• CT Systems
• X-ray Systems
• PET Systems
• MRI Systems
• Ultrasound Systems
• Others

In 2020, the X-ray Systems segment held the largest market share. This dominance is attributed to the increasing adoption of interventional X-ray technologies, such as C-arms, which are widely used in image-guided surgeries. The latest generation of mobile X-ray systems offers healthcare providers improved efficiency and cost-effectiveness. Wireless mobile X-ray units, in particular, enhance operational flexibility by enabling image sharing between mobile units and fixed systems.

Based on end user, the market is categorized into:

• Hospitals
• Outpatient Centers
• Clinician Offices
• Emergency Care Centers

Leading companies in the North American medical imaging market include General Electric Company, Siemens AG, Koninklijke Philips N.V., Shimadzu Corporation, Hitachi, Ltd., Canon Inc., Hologic, Inc., Carestream Health Inc., ESAOTE SPA, and Samsung Group. These companies continue to invest in organic growth strategies, including product innovations and regional expansions, to strengthen their market presence. For instance, in March 2021, GE Healthcare launched Vscan Air™, a wireless, pocket-sized ultrasound device that offers high-quality imaging, whole-body scanning, and an intuitive interface—all designed to fit in the palm of a clinician’s hand.

Geographically, the North America medical imaging market spans the United States, Canada, and Mexico.

North America Medical Imaging Strategic Insights

Strategic insights for the North America Medical Imaging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Medical Imaging Report Scope

North America Medical Imaging Regional Insights

The geographic scope of the North America Medical Imaging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Market Overview and Dynamics

The Medical imaging market in North America is expected to grow from US$ 8,083.5 million in 2021 to US$ 10,986.5 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. Big data analytics is revolutionizing healthcare in general, so it is no surprise that there is much to look forward to in the future of analytics in medical imaging. According to experts at the University of Cincinnati, “the continuous development of big data and data mining will provide radiologic professionals with real-time data during the imaging process,” which, in turn leads to fewer errors and more personalized care. For example, analytics are often used to detect patterns specific to a certain pathology. Imaging algorithms can derive metrics using intensive analysis of these patterns in a digital image, and then deliver scores that complement any analyses made by the radiologist, resulting in quicker, customized, and accurate diagnoses.

Key Market Segments

In terms of product, the X-ray systems segment accounted for the largest share of the North America medical imaging market in 2020. In terms of end user, the hospitals segment accounted for the largest share of the North America medical imaging market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the medical imaging market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are General Electric Company, Siemens AG, Koninklijke Philips N.V., Shimadzu Corporation, Hitachi, Ltd., Canon Inc., Hologic, Inc., Carestream Health Inc., ESAOTE SPA, and Samsung Group.

NORTH AMERICA MEDICAL IMAGING MARKET SEGMENTATION

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Akshay
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Author: Akshay patil