The Australia medical imaging market was valued at USD 297.42 Million in 2025 and is expected to grow at a CAGR of 10.20%, reaching USD 785.57 Million by 2035. The market growth is supported by government initiatives to improve healthcare services and adoption of cutting-edge imaging technologies such as MRI, CT, and PET scanners. Rising incidence of chronic diseases, growing aging population, and increased awareness of early disease detection are expected to drive market expansion.
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Historical Period
Forecast Period
New research projects men’s cancer rates to rise 84% globally by 2050, with Australia recording the highest incidence, significantly increasing reliance on medical imaging technologies and driving strong growth in the market.
In June 2025, Guerbet Australia received TGA approval for Elucirem™ (Gadopiclenol), a next-generation MRI contrast agent. This approval is expected to enhance diagnostic imaging capabilities, boosting growth in the market.
One of the major market trends includes the adoption of open MRI systems to improve patient comfort and diagnostic efficiency. For instance, in October 2024, FUJIFILM Australia installed the first Aperto Lucent Open MRI at Altus Medical Imaging in Gladesville, NSW.
Compound Annual Growth Rate
10.2%
Value in USD Million
2026-2035
*this image is indicative*
Medical imaging in Australia is becoming an essential tool for modern healthcare, allowing clinicians to detect, diagnose, and monitor diseases with improved accuracy and efficiency. Innovations in imaging technologies and digital healthcare integration continue to enhance patient outcomes. The market is poised to grow at a CAGR of 10.20% during the forecast period of 2026-2035, driven by rising demand for advanced imaging solutions and healthcare modernization.
Rising Cardiovascular Disease Burden Driving Market Growth
The growing prevalence of cardiovascular disease is a key driver of the market. According to the Australian Institute of Health and Welfare, in 2024, cardiovascular disease accounted for nearly 12% of the total disease burden, including 14% in males and 10% in females, ranking fourth among major disease groups. This increasing burden highlights the need for advanced diagnostic imaging technologies to support early detection and effective treatment planning. As demand for accurate and timely diagnosis rises, the medical imaging market in Australia is expected to witness sustained growth.
Some of the trends in the market include the increasing corporate ownership of imaging clinics and the integration of advanced MRI technologies.
Growing Corporate Ownership of Imaging Clinics to Enhance Market Value
The market is witnessing the increasing corporatization of diagnostic imaging services, with large for-profit corporations consolidating ownership of clinics nationwide. In June 2025, a national audit by Monash University revealed that eight corporations now control 51% of diagnostic imaging facilities across the country, highlighting a shift toward corporate-driven healthcare delivery. This trend reflects strong investor interest in a USD 6 billion sector, signaling continued private equity participation. The growing corporatization is expected to shape service delivery while driving long-term market growth.
Advanced MRI Integration Driving Australia Medical Imaging Market Demand
The increasing integration of advanced MRI technologies through academic–industry collaborations is a significant trend shaping the market. In September 2025, the University of Sydney, in partnership with Siemens Healthineers, launched a USD 9 million state-of-the-art MRI clinical research facility, featuring the world’s most powerful clinically approved whole-body 3T MRI scanner. This development highlights how cutting-edge imaging platforms are enabling earlier disease detection, precision diagnostics, and translational research. Such advancements are strengthening research capacity and clinical outcomes, thereby enhancing the growth trajectory of the market.
Ultrasound Poised to Lead Market Based on Technology
The market is segmented by technology into X-ray devices, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI), and nuclear imaging. Each modality contributes significantly to medical diagnostics and treatment planning. However, ultrasound is expected to lead the market owing to its affordability, portability, safety, and broad applications across cardiology, obstetrics, neurology, and oncology. In August 2025, AXT partnered with Iconeus to introduce advanced functional ultrasound for real-time brain imaging, underscoring the technology’s growing relevance and reinforcing its anticipated dominance in clinical and research domains.
The key features of the market report comprise funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
GE Healthcare operates in Australia, providing cutting-edge medical imaging solutions, including CT, MRI, ultrasound, molecular imaging, and advanced digital platforms. By integrating AI and cloud computing, GE enhances imaging workflow and diagnostic precision. The company actively contributes to the medical imaging market, promoting innovation and supporting healthcare professionals with advanced imaging technologies.
Siemens Healthineers is a leading medical technology provider in Australia, offering a comprehensive range of imaging solutions. Their portfolio includes MRI scanners, CT scanners, and photon-counting imaging technologies designed to improve diagnostic accuracy and patient safety. The company supports the Australian medical imaging market by enabling early disease detection, enhancing treatment planning, and contributing to cost-effective healthcare solutions.
Mindray Medical International is a leading Chinese multinational health technology company specializing in medical devices and solutions. In the medical imaging sector, Mindray offers advanced ultrasound systems such as the Resona series, which provide high-resolution imaging for precise diagnostics. Their products are widely utilized in various healthcare settings, including hospitals and diagnostic centers. Mindray's commitment to innovation and quality has established it as a significant player in the global medical imaging market.
Fujifilm VisualSonics Inc., part of Fujifilm Holdings Corporation, provides the Vevo® MD, an advanced ultra-high frequency ultrasound system. The system offers exceptional resolution for small-part imaging in neonatology, dermatology, and vascular applications. In Australia, the company supports the medical imaging market by supplying state-of-the-art technology that improves diagnostic accuracy and clinical outcomes.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Canon Medical Systems Corporation, Koninklijke Philips N.V., Hitachi, Samsung Medison Co., Ltd., Hologic, Inc., and Carestream Health.
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
Market Breakup by Application
Market Breakup by End User
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by End User |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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