× Industry Reports Services Press Release Contact us About us

Europe Medical Imaging Market Size By Product (X-ray Devices {Digital [Direct Radiography Systems, Computed Radiography Systems], Analog}, Magnetic Resonance Imaging (MRI), Ultrasound, {2D Ultrasound, 3D Ultrasound}, Computed Tomography, Nuclear Imaging, Mammography), By End-use (Hospitals, Diagnostic Centers), Industry Analysis Report, Regional Outlook (Germany, UK, France, Italy, Spain, The Netherlands, Denmark, Russia, Poland, Sweden), Application Potential, Competitive Market Share & Forecast, 2020 - 2026

Published Date: November 2020 | Publisher: Graphical Research Report ID: GR1507 | Delivery : PDF

Industry Trends

Europe Medical Imaging Market growth was valued at USD 9.4 billion in 2019 and is expected to witness 5.1% CAGR from 2020 to 2026.
 

Europe Medical Imaging Market

Get more details on this report - Request Free Sample PDF

Growing preference for minimally invasive surgeries in Europe will escalate the industry growth over the forthcoming years. Minimally invasive surgery possesses low-risk and are highly efficient. It is safe, feasible, cost-effective and patient-friendly method of performing a surgery. Due to such advantages, these techniques are being adopted in several countries of Europe. Also, several other benefits imparted by minimally invasive surgeries includes reduced post-operative pain, superior cosmetic result, and quicker recovery period. Recently developed medical imaging devices such as CT scan and MRI are extensively utilized in minimally invasive surgeries that proves beneficial for the industry growth. 

Europe Market, By Product

Based on product, the Europe market is fragmented into magnetic resonance imaging (MRI), computed tomography, ultrasound, nuclear imaging, X-ray devices, and mammography. The ultrasound segment will witness around 5.5% CAGR over the analysis period. Ultrasound is further segmented into 3D ultrasound, 2D ultrasound and others. Ultrasound devices generate visual images of internal organs and are widely used for examining soft tissues. The image quality of ultrasound devices has greatly improved over the last few decades. Rising trend towards reducing the size of ultrasound devices as well as advanced software functionalities enables real time 3-D image reconstruction and real-time image fusion that will positively influence the segment growth.    

Europe Market, By End-use

Europe Medical Imaging Market

Get more details on this report - Request Free Sample PDF

European market, by end-use, is categorized into diagnostic centres, hospitals as well as others. The diagnostic centers segment was valued more than USD 2.6 billion in 2019 and is expected to show a lucrative growth over the analysis period. Rising preferences towards diagnostic centers for various non-surgical and surgical procedures will surge the segment revenue as these centers are well equipped with advance diagnostic and therapeutic devices. Additionally, developed public healthcare system in several countries of Europe ensures availability of superior quality medical imaging devices in diagnostic centers that will spur the segmental growth.

Europe Market, By Country

Germany medical imaging market accounted for around 22% market share in 2019 and is estimated to grow at a considerable rate over the analysis period. The growth is attributed to the increasing implementation of advanced technologies in medical imaging devices. Also, high awareness level among people regarding the early disease diagnosis and treatment boosts the medical imaging market growth in the country. Surging prevalence of chronic diseases along with rise in geriatric population base in Germany propels the market growth.

Competitive Market Share

Some of the prominent corporate players functioning in the market are Konica Minolta, GE Healthcare, Canon Medical System, Fujifilm, Hologic, Samsung Medison, Carestream Health, Siemens Healthineers, Philips, and Esaote. The industry participants are undertaking various business strategies such as expansion and innovations to expand their customer base and to cater the growing demand. In March 2020, Esaote delivered around 103 portable ultrasound systems across Italy in response to COVID-19 outbreak. The company also achieved substantial rise in revenue during COVID-19 crisis. This strategy helped the company to strengthen its position in the market.

Industry Background

The origin of medical images was started around 20th century, after the discovery of X-ray. Since its commencement, significant developments were made to the initial techniques over the first half of the 20th century, but in the 1960s, ultrasound scanning came into existence. In the 1970s, digital imaging techniques, such as the computed tomography scanner became widely available. With these innovations, doctors were able to raise the standard of practice and the experience of the patient.
 

Frequently Asked Question(FAQ) :

The market size of Europe Medical Imaging Market was valued USD 9.4 billion in 2019.
The industry share of Europe Medical Imaging is projected to witness more than 5.1% growth rate during 2020 to 2026.
The growth is attributed to the increasing implementation of advanced technologies in medical imaging devices. Also, high awareness level among people regarding the early disease diagnosis and treatment boosts the medical imaging market growth in the country.

Select License

Europe Medical Imaging Market Share & Size 2026, By Product & End-Use


Why Choose us?
  • On-Time Delivery - logo On-Time Delivery
  • Assured Quality - logo Assured Quality
  • Industry Experts - logo Industry Experts
  • Payment Security - logo Payment Security
Share Social-media