Global Radiological Diagnostics Market Size, Share, and COVID-19 Impact Analysis, By Machine (X-Ray Machine, CT Scanner, MRI Machine, Cardiovascular Monitoring & Diagnostic Devices & Equipment, and Nuclear Imaging Devices & Equipment), By Technology (Computed Radiology and Direct Radiology), By End User (Hospitals, Diagnostic Centers, and Other End Users), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035

Global Radiological Diagnostics Market Insights Forecasts to 2035

• The Global Radiological Diagnostics Market Size Was Estimated at USD 630.9 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.46% from 2025 to 2035
• The Worldwide Radiological Diagnostics Market Size is Expected to Reach USD 1132.5 Billion by 2035
• Asia Pacific is Expected to Grow the Fastest during the forecast period.

The Global Radiological Diagnostics Market Size was worth around USD 630.9 Billion in 2024 and is predicted to grow to around USD 1132.5 Billion by 2035 with a compound annual growth rate (CAGR) of 5.46% from 2025 to 2035. The growing adoption of AI in radiology and the upsurging demand for CT are driving the radiological diagnostics market globally.

Market Overview

The radiological diagnostics market refers to the industry that encompasses the development, manufacturing, and distribution of medical imaging equipment and services used for diagnostic purposes. Radiological diagnostic is a medical specialty that uses imaging techniques to visualize the inside of the body for the diagnosis and monitoring of diseases and injuries. The market growth for radiological diagnostics is driven by an increasing need for imaging modalities by teaching hospitals and universities to offer training for advanced technology. The adoption of teleradiology for facilitating the interpretation of these noninvasive studies, owing to a shortage of healthcare professionals, in the sub-specialist segment, including pediatric, neurology, and musculoskeletal radiology, is propelling the market for radiological diagnostics. Furthermore, the digitalization of radiology patient workflows, the growing number of imaging procedures performed in hospitals, and the adoption of advanced systems with improved features in hospitals for enhancing patient care quality are contributing to escalating the market growth opportunity.

Report Coverage

This research report categorizes the radiological diagnostics market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the radiological diagnostics market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the radiological diagnostics market.

Driving Factors

Integration of AI in radiology for enhancing the diagnostic accuracy, streamlining workflows, and improving patient care is contributing to the market growth of radiological diagnostics. The upsurging demand for CT scanning is owing to the growing geriatric population, as well as the existing COVID-19 pandemic contributing to propel the market demand. Further, the growing awareness about different imaging procedures, along with the rapid expansion of new imaging diagnostic centers with state-of-the-art imaging technologies, is fueling the market growth.

Restraining Factors

An increased cost of radiological diagnostics hampering its adoption across many hospitals and research institutes, especially in the underdeveloped and developing regions, ultimately results in restraining the market growth.

Market Segmentation

The Radiological Diagnostics Market Share is classified into machine, technology, and end user.

• The CT scanner segment dominated the market with the largest share in 2024 and is projected to grow at a substantial CAGR during the forecast period.

Based on the machine, the radiological diagnostics market is divided into X-ray machine, CT scanner, MRI machine, cardiovascular monitoring & diagnostic devices & equipment, and nuclear imaging devices & equipment. Among these, the CT scanner segment dominated the market with the largest share in 2024 and is projected to grow at a substantial CAGR during the forecast period. A CT (computed tomography) scanner is a computed tomography scanner, used in radiology for producing detailed cross-sectional images of the body, which are created using X-rays and computer processing, providing detailed images of bones and soft tissues.

• The direct radiology segment held the largest share of the radiological diagnostics market in 2024 and is expected to grow at a significant CAGR during the projected period.

Based on the technology, the radiological diagnostics market is divided into computed radiology and direct radiology. Among these, the direct radiology segment held the largest share of the radiological diagnostics market in 2024 and is expected to grow at a significant CAGR during the projected period. In this segment, the digital registration of the images takes place directly at the detector with no intermediate processing step like cassette readout in computed radiography. The growing prevalence of musculoskeletal disorders and sports-related injuries, along with preference for non-invasive procedure is driving the market in the direct radiology segment.

• The hospitals segment accounted for the largest market share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the end user, the radiological diagnostics market is divided into hospitals, diagnostic centers, and other end users. Among these, the hospitals segment accounted for the largest market share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Hospitals rely on the radiology department for comprehensive diagnostics, with essential equipment like imaging machines enabling accurate assessments for various departments, including paediatrics and orthopaedics.

Regional Segment Analysis of the Radiological Diagnostics Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the radiological diagnostics market over the predicted timeframe.

North America is anticipated to hold the largest share of the radiological diagnostics market over the predicted timeframe. The growing prevalence of chronic diseases and technological advancements in diagnostic imaging, along with an aging population, are driving the radiological diagnostics market. Further, an increasing need for state-of-the-art imaging modalities for providing training for advanced technology is significantly propelling the market growth.

Asia Pacific is expected to grow at a rapid CAGR in the radiological diagnostics market during the forecast period. The growing prevalence of chronic diseases, along with increasing healthcare expenditure and technological advancements, is driving the radiological diagnostics market. In addition, the presence of key market players as well as high R&D activities in the region is responsible for propelling the market.  

Europe is anticipated to hold a significant share of the radiological diagnostics market during the projected timeframe. The growing prevalence of chronic diseases, including cancer, cardiovascular diseases, and neurological disorders, is contributing to driving the market demand for radiological diagnostics. Further, the increased healthcare standards, robust regulatory framework, with surging emphasis on technological innovation are contributing to escalating the market for radiological diagnostics.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the radiological diagnostics market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Siemens
• 4ways Healthcare Limited
• Everlight Radiology
• RadNet, Inc.
• Koninklijke Philips N.V.
• Sonic Healthcare Limited
• Medica Reporting Ltd.
• ONRAD, Inc.
• UNILABS
• Radiology Reports online
• InHealth Group
• Concord Medical Group
• Alliance Health
• RamSoft, Inc.
• General Electric
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In March 2025, GE HealthCare announced a collaboration with NVIDIA at GTC 2025, expanding the existing relationship between the two companies to focus on pioneering innovation in autonomous imaging, beginning with autonomous X-ray technologies and autonomous applications within ultrasound.

• In September 2024, Startup Harrison.ai launched a radiology-specific language model as a building block for healthcare AI. The health tech company is focused on using AI to improve the speed and accuracy of radiology image analysis and enhance diagnostic accuracy in pathology.

• In November 2021, Royal Philips announced new AI-enabled innovations in MR imaging, launching at the Radiological Society of North America (RSNA) annual meeting. Philips’ new MR portfolio of intelligent integrated solutions is designed to speed up MR exams, streamline workflows, optimize diagnostic quality, and help ensure the efficiency and sustainability of radiology operations.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the radiological diagnostics market based on the below-mentioned segments: 

Global Radiological Diagnostics Market, By Machine

• X-Ray Machine
• CT Scanner
• MRI Machine
• Cardiovascular Monitoring & Diagnostic Devices & Equipment
• Nuclear Imaging Devices & Equipment

Global Radiological Diagnostics Market, By Technology

• Computed Radiology
• Direct Radiology

Global Radiological Diagnostics Market, By End User

• Hospitals
• Diagnostic Centers
• Other End Users

Global Radiological Diagnostics Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa