Europe Diagnostic Imaging Equipment Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by product type, application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, and Other Applications), and geography.

Market Snapshot

Europe Diagnostic Imaging
Study Period:

2016-2024

Base Year:

2018

CAGR:

5.6%

Key Players:

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Market Overview

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

The increase in geriatric population and rising prevalence of chronic diseases is one of the major factor 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 number is expected to be 37.6% till 2050. Furthermore, As per the data published by the Office for National Statistics, around 18.2% of the United Kingdom population were aged 65 years or over at 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 of the medical imaging devices. For instance, according to the estimates of the Globocan, in 2018, there will be 446,942 new cancer cases in the United Kingdom. While, prostate, breast, lung, colon, and skin cancer are the most common types of cancer detected in the UK.

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 a variety of oncological, orthopedic, gastro and gynecological fields. The market is segmented by product type, application, and geography.

By Modality
MRI
Low and mid field MRI systems (<1.5 T)
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)
Ultrasound
2D Ultrasound
3D Ultrasound
Others
X-Ray
Analog Systems
Digital Systems
Nuclear Imaging
Positron Emission Tomography (PET)
Single Photon Emission Computed Tomography (SPECT)
Fluoroscopy
Mamography
By Application
Cardiology
Oncology
Neurology
Orthopedics
Gastroenterology
Gynecology
Other Applications
By End-User
Hospital
Diagnostic Centers
Others
Geography
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe

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Key Market Trends

MRI is the Segment by Product Type is expected to witness Fastest Growth over the Forecast Period.

The MRI market is also increasing due to the usage of MRI imaging scans in chronic disease. For instance, a team of researchers from Heidelberg University Hospital and the German Cancer Research Centre has 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 criteria for the assessment of the efficacy of a new therapy for the 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 MRI systems were over five years old and 29% were more than 10 years old. There were 40 MRI units ordered from October 2017 to March 2018, compared with the 65 MRI units during the same period in previous year. Thus, owing to the rising applications of MRI systems the market is expected to witness high growth over the forecast period.

Europe Diagnostic Imaging - 2

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Competitive Landscape

The market studied is a fragmented market owing to the presence of various market 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 N.V., Shimadzu Medical, and Siemens Healthineers

Major Players

  1. GE Healthcare
  2. FUJIFILM Holdings Corporation
  3. Hitachi Medical Systems
  4. Koninklijke Philips N.V.,
  5. Siemens Healthineers

* Complete list of players covered available in the table of contents below

Europe Diagnostic Imaging - 3

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    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 Force 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

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Modality

      1. 5.1.1 MRI

        1. 5.1.1.1 Low and mid field MRI systems (<1.5 T)

        2. 5.1.1.2 High field MRI systems (1.5-3 T)

        3. 5.1.1.3 Very High, and Ultra High Field MRI Systems (3T and more)

      2. 5.1.2 Computed Tomography

        1. 5.1.2.1 Low End Scanners (~16-Slice)

        2. 5.1.2.2 Mid Range Scanners (~64-Slice)

        3. 5.1.2.3 High End Scanners (128-Slice and More)

      3. 5.1.3 Ultrasound

        1. 5.1.3.1 2D Ultrasound

        2. 5.1.3.2 3D Ultrasound

        3. 5.1.3.3 Others

      4. 5.1.4 X-Ray

        1. 5.1.4.1 Analog Systems

        2. 5.1.4.2 Digital Systems

      5. 5.1.5 Nuclear Imaging

        1. 5.1.5.1 Positron Emission Tomography (PET)

        2. 5.1.5.2 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 Others

    4. 5.4 Geography

      1. 5.4.1 Europe

        1. 5.4.1.1 Germany

        2. 5.4.1.2 United Kingdom

        3. 5.4.1.3 France

        4. 5.4.1.4 Italy

        5. 5.4.1.5 Spain

        6. 5.4.1.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    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 N.V.,

      9. 6.1.9 Shimadzu Medical

      10. 6.1.10 Siemens Healthineers

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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

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