Lucintel's latest market report analyzed that diagnostic imaging provides attractive opportunities in hospitals and imaging centers. The diagnostic imaging market is expected to reach $40.6 billion by 2028 with a CAGR of 4.1%. In this market, x-ray system is the largest segment by product. The increasing use of technically advanced diagnostic imaging systems, manufacturing portable diagnostic imaging systems for improved diagnosis procedures, and clear resolution for imaging with accuracy provides strategic growth path in this market.

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Based on product, the diagnostic imaging market is segmented into X-ray system, CT (computerized tomography) scan system, MRI (magnetic resonance imaging) system, ultrasound system, mammography system, and nuclear imaging system. The x-ray system segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period. The rapidly increasing technological advancements in imaging systems are expected to drive market growth.

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The Diagnostic Imaging Market is marked by the presence of several big and small players. Some of the prominent players offering diagnostic imaging include Siemens Healthcare GmBH, General Electric Company, and Koninklijke Philips N.V..

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