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Spain Diagnostic Imaging Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented By Modality (MRI, Computed Tomography, Ultrasound, X-Ray, Nuclear Imaging, Fluoroscopy, and Mammography), Application and End User

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Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 5.5 %

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Market Overview

The major factors augmenting the growth of the diagnostic imaging market in Spain include the rise in the prevalence of chronic diseases, rise in the geriatric population, technological advancements and rapid innovation in the devices. The increase in the aging population is contributing to a steady increase in the diagnostic imaging market. According to Spanish National Statistics Office (INE), by 2050 the over-65s will make up more than 30% of the population (almost 13 million people) and the number of over-eighties will exceed 4 million, thus representing more than 30% of the total adult population. Hence, the greater geriatric population base is expected to play a significant role in the imaging utilization in the future. Therefore, high unmet demand for imaging technologies is expected to boost the market over the forecast period.

Scope of the report

As per the scope of the report, diagnostic imaging equipment are used to take images of the internal structure of the human body, using electromagnetic radiation, for accurate diagnosis of the patient. Diagnostic imaging uses radiation to diagnose and treat diseases. 

By Modality
MRI
Computed Tomography
Ultrasound
X-Ray
Nuclear Imaging
Fluoroscopy
Mammography
By Application
Cardiology
Oncology
Neurology
Orthopedics
Gastroenterology
Gynecology
Other Applications
By End User
Hospital
Diagnostic Centers
Others

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Key Market Trends

Oncology Segment is Expected to Show Better Growth in the Forecast Years

Based on Application, the market is segmented into Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology and Other Applications. Oncology deals with diagnosis and treatment of tumors and cancers, which is one the leading causes of morbidity and mortality. According to Globocan, in 2018, among both sexes, colorectum, breast, and prostate cancers are among the most common cancers in Spain, with colorectum cancer alone contributing to more than 13% of the total new cases. Diagnostic imaging plays a vital role in interventional oncology as well as in chemo and radiation therapy. Tools, such as Computed Tomography, are the highly beneficial and preferred method of imaging for many conditions, which is expected to drive the market growth.

Spain Diagnostic Imaging Equipment Market 1

Competitive Landscape

The global players into the Spain diagnostic imaging equipment market are Carestream Health, Esaote SpA, Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Systems, Hologic, Inc., Koninklijke Philips N.V, Siemens AG and Toshiba Corporation.

Spain Diagnostic Imaging Equipment Market 2.png

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 Rise in the Prevalence of Chronic Diseases

      2. 4.2.2 Growing Geriatric Population

      3. 4.2.3 Technological Advancements and Rapid Innovation

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Diagnostic Imaging Procedures and Equipment

    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

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Modality

      1. 5.1.1 MRI

      2. 5.1.2 Computed Tomography

      3. 5.1.3 Ultrasound

      4. 5.1.4 X-Ray

      5. 5.1.5 Nuclear Imaging

      6. 5.1.6 Fluoroscopy

      7. 5.1.7 Mammography

    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

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Carestream Health

      2. 6.1.2 Esaote SpA

      3. 6.1.3 Fujifilm Holdings Corporation

      4. 6.1.4 GE Healthcare

      5. 6.1.5 Hitachi Medical Systems

      6. 6.1.6 Hologic, Inc.

      7. 6.1.7 Koninklijke Philips N.V.

      8. 6.1.8 Siemens AG

      9. 6.1.9 Toshiba Corporation

      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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Frequently Asked Questions

The Spain Diagnostic Imaging Equipment Market market is studied from 2018 - 2026.

The Spain Diagnostic Imaging Equipment Market is growing at a CAGR of 5.5% over the next 5 years.

Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Systems, Koninklijke Philips N.V., Siemens AG are the major companies operating in Spain Diagnostic Imaging Equipment Market.

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