The AI-powered medical imaging market is on a trajectory for significant expansion, with industry analysts projecting rapid growth from a relatively modest base in 2024 to a substantially larger market by 2034. According to a recent GlobeNewswire report, the global market size, valued at USD 1.28 billion in 2024, is expected to grow to approximately USD 14.46 billion by 2034, representing a compound annual growth rate (CAGR) of more than 27 percent over the forecast period. This growth far outpaces the broader medical imaging market, which itself is projected to increase to over USD 80 billion by 2034.
Several key factors are driving this robust expansion. Healthcare providers and imaging centers worldwide are adopting AI tools to improve image quality, automate complex tasks, and enhance diagnostic accuracy across modalities such as CT, MRI, ultrasound, and X-ray. AI-based systems are particularly valued for their ability to support early disease detection, standardize image interpretation, and reduce manual workload, benefits that are critical in environments facing radiologist shortages and high imaging volumes.
Regional dynamics also highlight growth opportunities: North America leads the market in revenue share, fueled by strong healthcare spending, regulatory support for AI-based devices, and a mature imaging infrastructure; meanwhile, Asia-Pacific is expected to be the fastest-growing region, supported by rising healthcare investments and expanding adoption of advanced diagnostic technologies. In terms of clinical focus, the neurology segment held a significant share in 2024, while CT imaging has been the dominant modality for AI integration, reflecting widespread use in emergency, oncology, and respiratory imaging.
Beyond core diagnostic gains, growth in AI imaging is also supported by strategic investments, partnerships, and regulatory approvals for innovative AI solutions, which together are accelerating adoption and expanding use cases. As AI continues to evolve, its integration with medical imaging promises to enhance workflow efficiency, enable precision diagnostics, and support tailored treatment planning, making it a pivotal trend for healthcare providers and imaging equipment stakeholders alike.
Source: AI in Medical Imaging Market Size Projected to Reach USD 14.46 Bn by 2034 — GlobeNewswire