The diagnostic imaging market in North America is expected to grow from US$ 15,802.91 million in 2021 to US$ 19,287.90 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.
The Growing Role of Diagnostic Imaging in Addressing Chronic Diseases and Aging Populations
According to the Centers for Disease Control and Prevention (CDC), six in ten Americans live with at least one chronic disease, including heart disease, stroke, cancer, and diabetes. These conditions are the leading causes of death and disability in North America and contribute significantly to rising healthcare costs. In 2020 alone, chronic diseases accounted for nearly $4.1 trillion in annual healthcare expenditures in the U.S.
As the geriatric population grows, so does the demand for diagnostic imaging, as older adults are more susceptible to chronic illnesses. JMIR Publications estimates that the global population aged 60 and above will reach 2 billion by 2050, underscoring the need for healthcare innovation to enhance disease management and treatment. Advances in diagnostic imaging, supported by information and communication technology (ICT), are playing a crucial role in improving early detection, treatment, and management of chronic conditions. These innovations also address key challenges linked to aging and chronic disease care.
One major health concern is osteoporosis, which poses a significant clinical and financial burden due to rising life expectancy. This condition increases the risk of fractures, falls, hospitalizations, and mortality. Early detection is critical, and diagnostic imaging techniques such as computed tomography (CT), magnetic resonance imaging (MRI), and ultrasound provide valuable insights into bone health. For instance, MRI helps assess bone pathophysiology, enabling early diagnosis and intervention to prevent severe complications.
The increasing prevalence of chronic diseases and aging populations is driving the growth of the diagnostic imaging market in North America. Vendors are leveraging new technologies and innovative features to expand their presence in emerging markets. As a result, the market is expected to experience substantial growth at a notable compound annual growth rate (CAGR) in the coming years.
This trend highlights the importance of continued advancements in diagnostic imaging to improve patient outcomes and reduce the long-term burden of chronic diseases.
North America Diagnostic Imaging Market: Segmentation and Key Insights
The North America diagnostic imaging market is segmented by modality, application, end user, and country, providing a comprehensive analysis of industry trends and growth opportunities.
- North America Diagnostic Imaging Market By Modality
The market is categorized into:
- X-ray
- Computed Tomography (CT)
- Endoscopy
- Ultrasound
- Magnetic Resonance Imaging (MRI)
- Nuclear Imaging
- Mammography
- Others
In 2021, the CT segment dominated the market, holding the largest share, and is projected to register the highest CAGR during the forecast period.
- North America Diagnostic Imaging Market By Application
Key segments include:
- Cardiology (largest market share in 2021)
- Oncology (expected to grow at the highest CAGR)
- Neurology
- Orthopedics
- Gastroenterology
- Obstetrics/Gynecology
- Others
The oncology segment is anticipated to experience the fastest growth, driven by increasing cancer prevalence and advancements in early detection technologies.
- North America Diagnostic Imaging Market By End User
The market is divided into:
- Hospitals & Clinics (largest market share in 2021)
- Diagnostic Imaging Centers (expected to grow at the highest CAGR)
- Ambulatory Surgical Centers (ASCs)
- Others
The shift toward specialized diagnostic imaging centers reflects the growing demand for cost-effective and efficient imaging services outside traditional hospital settings.
- North America Diagnostic Imaging Market By Country
The regional breakdown includes:
- United States (largest market share in 2021, highest expected CAGR)
- Canada
- Mexico
The U.S. remains the dominant market, driven by advanced healthcare infrastructure, high chronic disease prevalence, and strong adoption of innovative imaging technologies.
North America Diagnostic Imaging Market Key Players
Leading companies shaping the North America diagnostic imaging market include:
- General Electric Company (GE Healthcare)
- Siemens Healthineers
- Koninklijke Philips N.V.
- KARL STORZ SE & Co. KG
- FUJIFILM Holdings Corporation
- Canon Inc.
- Hologic, Inc.
- Carestream Health Inc.
- Stryker Corporation
- Olympus Corporation
These industry leaders are driving innovation through AI-powered imaging, portable diagnostic devices, and enhanced imaging software, ensuring improved diagnostic accuracy and patient outcomes.
With rising demand for early disease detection and precision medicine, the North America diagnostic imaging market is poised for significant growth, supported by technological advancements and an aging population.
North America Diagnostic Imaging Market Strategic Insights
Strategic insights for the North America Diagnostic Imaging Market 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 Diagnostic Imaging Market Regional Insights
The geographic scope of the North America Diagnostic Imaging Market 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.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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