BRIC Diagnostic Imaging Equipment Market Size Likely to Grow at a CAGR of 9.15% By 2034

Market Size and Growth

As per the BRIC Diagnostic Imaging Equipment Market size study conducted by the CMI Team, the BRIC Diagnostic Imaging Equipment Market is expected to record a CAGR of 9.15% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 9.28 Billion. By 2034, the valuation is anticipated to reach USD 20.61 Billion.

Overview

The Diagnostic Imaging Equipment Market is undergoing transformative growth as Brazil, Russia, India, and China continue to strengthen their healthcare infrastructures, adopt advanced imaging technologies, and expand access to quality medical diagnostics. Driven by the increasing burden of chronic diseases, the rising demand for early and precise diagnosis, and government investment in modern healthcare facilities, these emerging economies are rapidly bridging the technological gap with developed nations.

Advancements in digital imaging, artificial intelligence (AI) integration, and hybrid imaging modalities are reshaping how clinicians diagnose, plan treatments, and monitor outcomes. Collectively, the BRIC nations represent a major frontier in the global medical imaging landscape, with significant potential for innovation, affordability, and accessibility.

Key Trends & Drivers

• Expanding Healthcare Infrastructure and Investment: In BRIC nations, significant public and private investments are strengthening health system services. Governments have raised budget expenses for modernization of hospitals, diagnostic capacity and health digital transformation. India’s National Health Mission, China’s “Healthy China 2030” initiative, Brazil’s strengthening of the Unified Health System (Sistema Único de Saúde (SUS)), and Russia’s state-funded modernization of their healthcare systems, in 2018, have all emphasized imaging ability as a mainstay for receiving timely and appropriate diagnoses. These events are influencing the procurement of CT, MRI, ultrasound, and x-ray systems within urban and rural managed health services. The increased positioning of diagnostic imaging centers and availability of public-private partnerships is leading to an environment ripe for technology adoption and access to quality healthcare for all.

• Technological Advancements and Digital Transformation: Advancements in technology contribute a great deal to the BRIC imaging equipment market. Artificial intelligence, 3D and 4D imaging, and digital radiography have greatly enhanced image quality, workflow and efficiency, and accuracy in diagnosis. For instance, according to a Microsoft-IDC study, 79% of health organizations are using AI technology. Radiologists, with AI support, report being up to 25% faster with reporting, and AI decreased interpretation time by ~15.7% compared to without AI. AI-enhanced diagnostic platforms now support radiologists in automating the detection of anomalies in imaging and improving turnaround time for reports. Teleradiology and cloud-based PACS (Picture Archiving and Communication Systems) are enabling remote access and collaboration between health partners. Local startups and global companies are increasingly investing in AI imaging software that is specifically cost-sensitive to emerging markets. All of these developments mitigate the skill and infrastructure gaps throughout BRIC.

• Localization and Affordable Manufacturing: The future of the BRIC imaging market is the rising emphasis on local manufacturing and cost-conscious product development. Governments are promoting local manufacturing with initiatives like India’s “Make in India” and China’s “Made in China 2025” to mitigate reliance on imports. Regional manufacturers are developing cost-effective imaging systems that consider local price sensitivities while not sacrificing quality. This localization trend helps provide access to imaging to smaller hospitals and diagnostic centers while facilitating technology transfer and job growth in the local economy surrounding healthcare manufacturing.

Report Scope

SWOT Analysis

• Strengths: The BRIC diagnostic imaging industry is bolstered by substantial government aid, increasing healthcare expenditures, and a vast patient population that assures steady demand. The growing system of hospitals, diagnostic facilities, and clinics across the region creates a fruitful environment for deploying imaging systems. The increasing acceptance of digital and artificial intelligence enhanced solutions improves diagnosis accuracy while reducing time and cost per scan. Further, the push for local manufacturing and domestic innovation ensures competitive pricing and immunity to worldwide market fluctuations. The size of the population, along with government investment in healthcare and new digital capabilities, well position the BRIC countries as leaders in both the consumption and future production of imaging systems.

• Weaknesses: Notwithstanding the advancements of the industry, the market continues to face a number of structural weaknesses. Uneven access between cities and rural areas continues to be a large problem, as developed modalities are fairly often limited to hospitals in metropolitan areas. Infrastructure limitations that include unreliable electrical sources, limited capabilities/functionality for maintenance of the diagnostic equipment, and limited education and training for radiologists continue to limit how well the equipment can be utilized. The reliance on imported components and software in some countries increases the total cost to sell and increases their exposure to currency market risk. Likewise, the reimbursement landscape and insurance coverage for imaging procedures is also inconsistent across BRIC countries, and is often cost prohibitive for the patient and the future growth of lower income populations.

• Opportunities: The BRIC diagnostic imaging equipment market presents tremendous opportunity that can be captured through technological innovation, AI utilization, and adoption of digital health. New avenues for imaging consultation and data sharing are paved by the uptick in telemedicine and cloud-based services. Government-sponsored programs to upgrade healthcare, especially in tier-2 and tier-3 cities are creating demand for lightweight, low-maintenance, portable imaging options. Collaborations with manufacturers of advanced imaging technologies open an opportunity for cost-effective imaging alternatives, and homegrown medical device R&D is yielding innovations specifically designed to meet regional healthcare demands. The focus on preventive medicine, cancer screening, and personalized health will also help to spur the rise in imaging use. Sustainability as a global market trend will also create newly defined opportunities for manufacturers operating in BRIC markets, as more imaging use will involve energy efficient imaging devices and recyclable imaging components and accessories.

• Threats: Nevertheless, the market faces some risks. High upfront costs, both for installation and maintenance, might deter smaller hospitals and clinics from making investments in new imaging technology. Economic fluctuations, such as inflation and currency depreciation seen in the BRIC countries, could result in diminished purchasing power and the absence of equipment bought from other nations. Geopolitical volatility, restriction of trade, and issues with the global supply chain could also affect equipment supplies and pricing. The rapid evolution of technology poses challenges for organizations constrained by budgetary restrictions since frequent refreshes and software upgrades are required to remain compatible and compliant. In addition, there are the emerging concerns of cybersecurity threats related to digital imaging networks, storing patient data, and cloud systems. To promote market growth, stakeholders will have to deal with these risks through diversification, mitigating risk, and making long-term investments in digital systems and human capital development.

List of the prominent players in the BRIC Diagnostic Imaging Equipment Market:

• United Imaging Healthcare Company Limited
• Siemens Healthineers
• GE Healthcare
• Neusoft Corporation
• Basler AG
• Carestream Healthcare Inc.
• Arterys
• Hologic Inc.
• AiCure
• CURA Healthcare
• iCAD Inc.
• Others

The BRIC Diagnostic Imaging Equipment Market is segmented as follows:

By Modality

• X-Ray Systems
• Nuclear Imaging Systems
• MRI Systems
• Mammography Systems
• Ultrasound Imaging Systems
• CT Scanners

By End-User

• Hospitals
• Diagnostic Imaging Centers