In terms of revenue, the global AI in medical imaging market is predicted to increase from USD 1.67 billion in 2025 to approximately USD 12.69 billion by 2033, According to Precedence Research.
The global medical imaging market surpassed USD 49.61 billion in 2024 and is estimated to be worth around USD 80.52 billion by 2034, growing at a CAGR of 4.96% from 2024 to 2034.
In terms of CAGR, The global AI in medical imaging market is poised to grow at a CAGR of 27.10% from 2025 to 2034, On the other hand, the global medical imaging market is expected to grow at 4.96% from 2024 to 2034.
Various applications of AI in AI in medical imaging market, such as improving image quality, data analysis, image analysis, prediction based on collected data, etc, are promoting growth.
The rising investments and fundings from various investors and governments, growing strategic alliances between pharmaceutical and technological companies, advancements in implementing AI for medical imaging and growing expenditure in healthcare settings for adopting advanced imaging techniques are the factors driving the growth of the AI in medical imaging market.
AI in medical imaging market overview
A new age of healthcare opportunities has been brought about by developments in artificial intelligence (AI) and medical imaging further enhancing medical practice and patient care. The rising investments in R&D activities for potential applications of AI in diagnostic imaging, increased focus on tissue-based detection with improved sensitivity for detecting imaging abnormalities, growing demand for faster and accurate imaging techniques, surge in strategic alliances among companies for advancing medical imaging, support from government bodies and rising public awareness for preventive care are driving the growth of the AI in medical imaging market. The AI-based image processing also makes customized treatment plans easier, which improves the way healthcare is delivered.
Rising healthcare expenditure is driving North America
North America held the largest global share of the AI in medical imaging market in 2024. The extensive adoption of modern medical technology is made possible by the region’s robust economic conditions and high healthcare spending. There are several well-known Al businesses and startups in the U.S. that specialize in medical imaging applications. For instance, a number of significant IT companies, including Microsoft, Intel, and IBM have invested heavily in creating image solutions that use Al.
Additionally, the area boasts a regulatory climate that is conducive to innovation. The accelerated clearance procedures for AI-based medical imaging devices by the U.S. FDA has reduced the time to market reach, further encouraging various healthcare companies to enter the market. Hospitals and other healthcare facilities in North America are becoming more receptive to incorporating these cutting-edge technologies into their clinical procedures.
Rising economies like India and China are driving the Asia Pacific
Asia Pacific is expected to witness fastest growth in AI in medical imaging market during the forecast period. The growth of this region is driven by the rising investments in R&D activities, increasing healthcare expenditure for adoption of advanced medical imaging techniques, presence of key market players, supportive government policies for AI adoption and growing prevalence of chronic diseases driving the demand for accurate image diagnostics.
Furthermore, the significant government investments in large population countries like China and India is boosting the development of healthcare potentially leading to drive the market growth in the upcoming years. Precedence Research