Europe Diagnostic Imaging Equipment Market - Growth, Trends, and Forecast (2020 - 2025)

The Market is Segmented on the basis of Product Type, Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, and Other Applications), and Geography

Market Snapshot

Study Period:


Base Year:


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Market Overview

The major factors for the growth of the European diagnostic imaging equipment market include the increase in geriatric population and the rising prevalence of chronic diseases, technological advancement in imaging modalities, and the rising adoption of medical imaging devices. 

The increase in geriatric population and the rising prevalence of chronic diseases is one of the major factors boosting the growth of the market. According to the estimates of the World Aging Report 2017, published by the United Nations, in Germany, approximately 28.0% of the population was aged 60 years and over, in 2017. This percentage is expected to become 37.6%, by 2050. Furthermore, as per the data published by the Office for National Statistics, around 18.2% of the  population in the United Kingdom was aged 65 years or over, in mid-2017, and this is projected to grow to 20.7% by 2027. Thus, the rising aging population is expected to increase the prevalence of various chronic diseases, resulting in the high demand for medical imaging devices. For instance, according to the estimates of the Globocan, in 2018, there were 446,942 new cancer cases in the United Kingdom. Prostate, breast, lung, colon, and skin cancers are the most common types of cancers detected in the United Kingdom.

Scope of the Report

As per the scope of the report, the diagnostic imaging equipment market covers a wide array of medical devices used for diagnostic purposes. It has a vast range of applications in the oncological, orthopedic, gastro, and gynecological fields. The market is segmented on the basis of product type, application, and geography.

By Modality
Low and Mid Field MRI Systems (
High Field MRI Systems (1.5-3 T)
Very High and Ultra High Field MRI Systems (3T and More)
Computed Tomography
Low End Scanners (~16-Slice)
Mid Range Scanners (~64-Slice)
High End Scanners (128-Slice and More)
2D Ultrasound
3D Ultrasound
Analog Systems
Digital Systems
Nuclear Imaging
Positron Emission Tomography (PET)
Single Photon Emission Computed Tomography (SPECT)
By Application
Other Applications
By End User
Diagnostic Centers
Other End Users
United Kingdom
Rest of Europe

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Key Market Trends

The MRI Segment is Expected to Witness the Fastest Growth over the Forecast Period

The MRI market is also increasing due to the usage of MRI imaging scans for chronic diseases. For instance, a team of researchers from Heidelberg University Hospital and the German Cancer Research Centre developed a new automated image analysis of brain tumor. The researchers have also shown that machine learning methods trained on standard magnetic resonance imaging (MRI) are more reliable and precise than the traditional radiological methods, in the treatment of brain tumors. One of the essential criterion for the assessment of the efficacy of a new therapy for brain tumors is the growth dynamic, which can be analyzed by the MRI scans. Furthermore, as per the survey of MRI scanners, conducted across the NHS, by the Clinical Imaging Board, in 2017, it was found that 58% of the MRI systems were over five years old and 29% were more than 10 years old. 40 MRI units ordered from October 2017 to March 2018, as compared to the 65 MRI units during the same period, the previous year. Thus, owing to the rising applications of MRI systems, the market is expected to witness high growth over the forecast period.

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Competitive Landscape

The market studied is a fragmented one, owing to the presence of various players. Some of the market players are Canon Medical Systems Corporation, Carestream Health Inc., Esaote SpA, FUJIFILM Holdings Corporation, GE Healthcare, Hitachi Medical Systems, Hologic Corporation, Koninklijke Philips NV, Shimadzu Medical, and Siemens Healthineers.

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Table Of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in Geriatric Population and Rising Prevalence of Chronic Diseases

      2. 4.2.2 Technological Advancement in Imaging Modalities

      3. 4.2.3 Rising Adoption of Medical Imaging Devices

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Advanced Diagnostic Imaging Devices

      2. 4.3.2 Dearth of Radiologists

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 By Modality

      1. 5.1.1 MRI

        1. Low and Mid Field MRI Systems (

      2. 5.1.2 Computed Tomography

        1. Low End Scanners (~16-Slice)

        2. Mid Range Scanners (~64-Slice)

        3. High End Scanners (128-Slice and More)

      3. 5.1.3 Ultrasound

        1. 2D Ultrasound

        2. 3D Ultrasound

        3. Others

      4. 5.1.4 X-Ray

        1. Analog Systems

        2. Digital Systems

      5. 5.1.5 Nuclear Imaging

        1. Positron Emission Tomography (PET)

        2. Single Photon Emission Computed Tomography (SPECT)

      6. 5.1.6 Fluoroscopy

      7. 5.1.7 Mamography

    2. 5.2 By Application

      1. 5.2.1 Cardiology

      2. 5.2.2 Oncology

      3. 5.2.3 Neurology

      4. 5.2.4 Orthopedics

      5. 5.2.5 Gastroenterology

      6. 5.2.6 Gynecology

      7. 5.2.7 Other Applications

    3. 5.3 By End User

      1. 5.3.1 Hospital

      2. 5.3.2 Diagnostic Centers

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe


    1. 6.1 Company Profiles

      1. 6.1.1 Canon Medical Systems Corporation

      2. 6.1.2 Carestream Health Inc.

      3. 6.1.3 Esaote SpA

      4. 6.1.4 FUJIFILM Holdings Corporation

      5. 6.1.5 GE Healthcare

      6. 6.1.6 Hitachi Medical Systems

      7. 6.1.7 Hologic Corporation

      8. 6.1.8 Koninklijke Philips NV

      9. 6.1.9 Shimadzu Medical

      10. 6.1.10 Siemens Healthineers

  7. *List Not Exhaustive

** Subject to Availability

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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