Market Size of France Diagnostic Imaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
France Diagnostic Imaging Equipment Market Analysis
The France diagnostic imaging market is anticipated to register a CAGR of 5.1% during the forecast period.
The COVID-19 pandemic had a significant impact on the market studied. As per the survey conducted by the National Institute of Health in July 2020, it was observed that during the study period, around 108,959 CT chests, including 56,110 CT scans, were performed. Furthermore, the data suggested that CT-covid activities were impacted by the radiologic structure's characteristics: university hospitals were first to be affected, followed by general hospitals and private radiology centers, and then other types of diagnostic imaging modalities were affected during the pandemic. The data shows that the number of CT scans performed in the country was higher during the pandemic, which was the fueling factor for the market studied in France. However, currently, the market studied has reached its pre-pandemic nature in terms of diagnostic imaging procedures performed and is expected to witness strong growth in the coming years.
Certain factors that are driving the market's growth include the rising prevalence of chronic diseases, the growing adoption of advanced technologies in medical imaging, and an increase in the geriatric population.
The geriatric population is more susceptible to chronic diseases. According to the data from the National Institute of Statistics and Economic Studies published in January 2022, around 6.1% of the French population was aged between 60 and 64, whereas between 65 and 69, it was around 5.75%. The data suggested that the aging population will reach around 16.094 million (24.1%) by the year 2030. Therefore, as the number of the elderly population is expected to increase in the near future and this population is more susceptible to chronic conditions such as cardiovascular, musculoskeletal, and other diseases, this will have a positive impact on the market and will help to increase diagnostic procedures in the management of the disease.
Furthermore, the emergence of automated diagnostic imaging scanners and ongoing R&D development in diagnostic imaging are also expected to propel market growth. Thus, owing to the above-mentioned factors, it is expected to show significant growth over the forecast period.
