Europe Diagnostic Imaging Market: Expected Rapid Growth, Industry Size, And Share In 2028

Posted by Kumar on June 1st, 2023

The Europe diagnostic imaging market is projected to experience significant growth during the forecast period, as stated in a report by TechSci Research titled "Europe Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By Mobility (Portable v/s Standalone), By Source (Domestic Vs Import), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Country, Forecast & Opportunities, 2028." This growth can be attributed to the increasing health consciousness and awareness among the population regarding various diseases and the importance of a healthy lifestyle. Consequently, people are opting for regular health checkups, driving market growth until 2028. Technological advancements in diagnostic imaging modalities, such as AI, IoT, and blockchain, are also expected to contribute to market growth in the coming years.

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Europe has a well-established and highly regulated health network, with major market players and local players offering health insurance plans. Additionally, the governments in the United Kingdom and Switzerland provide their citizens with free health insurance cards, enabling them to access healthcare facilities in their own country and other European countries at minimal or no cost. This factor is expected to further fuel market growth throughout the forecast period. However, safety concerns related to patient health and environmental issues may hinder market growth until 2028. Stringent regulatory norms and policies governing the approval and use of diagnostic imaging modalities may also restrict market growth. Moreover, the shortage of helium poses a significant challenge for MRI health system suppliers and the healthcare industry, further impeding market growth in the forecast period.

The Europe diagnostic imaging market is segmented based on type, mobility, source, application, end users, company, and country. Types include X-Ray imaging solutions, ultrasound systems, MRI systems, CT scanners, nuclear imaging solutions, mammography, and others. The CT scanners segment is expected to witness the highest growth due to its associated benefits, such as improved patient safety with minimal radiation exposure and high-quality imaging for tumor detection and lung or chest ailments. Applications of diagnostic imaging encompass cardiology, oncology, neurology, orthopedics, gastroenterology, gynecology, and others. The cardiology segment is anticipated to dominate the market due to the increasing prevalence of cardiovascular diseases across the European region. Hospitals & clinics, diagnostic centers, ambulatory care centers, and others are categorized as end users. Hospitals & clinics are expected to hold the largest market share, driven by the rising demand for advanced imaging technologies and their integration. However, the diagnostic centers segment is also poised for healthy growth, given the growing number of diagnostic centers in the region.

Key players operating in the Europe diagnostic imaging market include Siemens Healthineers AG, GE Healthcare Europe GmbH, Koninklijke Philips N.V., Agfa-Gevaert N.V., Esaote S.p.A, Planmed Oy, Carl Zeiss AG, Accenture UK Medical Imaging Solutions, FUJIFILM Europe GmbH, Canon Medical System Europe B.V., and others. These companies are employing organic strategies such as product launches, mergers, and collaborations to enhance their market share. For example, in February 2019, Canon Medical System Europe B.V. introduced the Aquilion Begin CT device in the European market, enabling medical facility providers to expand their radiology practices. This compact-sized device with reduced power requirements and dose reduction technologies can fit inside a small X-Ray room, delivering high-quality 3D CT imaging at the lowest possible dosage.

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“Europe diagnostic imaging market is expected to witness significant growth during the forecast period. Germany is expected to lead the market followed by France, Italy, and Spain. This can be ascribed to ageing population and increasing mortality rate due to prevalence of chronic diseases such as cardiovascular diseases, cancer, among others. Furthermore, the sudden outbreak and spread of pandemic COVID-19, with the European region being adversely impacted, is expected to create lucrative opportunities for the growth diagnostic imaging market across the country. This can be accredited to the widespread use of diagnostic techniques for making a comparative study to identify the vulnerability of the disease across adults and children. Also, these imaging facilities help in identifying the treatment response to a certain drug or therapy. Furthermore, presence of major market players such as Siemens, GE Healthcare, Fujifilm, Canon, among others in the region is expected to propel the market growth through 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, Others), By Mobility (Portable v/s Standalone), By Source (Domestic Vs Import), By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End Users (Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others), By Country, Forecast & Opportunities, 2028”, has evaluated the future growth potential of Europe diagnostic imaging market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe diagnostic imaging market.

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