Diagnostic Imaging Market to witness significant growth in the European region During the Forecast Period
Growing prevalence of
chronic diseases to drive the growth of Europe diagnostic imaging market
According
to TechSci Research report, “Europe
Diagnostic Imaging Market By Type (X-Ray Imaging Solutions, Ultrasound
Systems, MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography,
Others), By Mobility (Portable v/s Standalone), By Source (Domestic Vs Import),
By Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology,
Gynecology, Others), By End Users (Hospitals & Clinics, Diagnostic Centers,
Ambulatory Care Centers, Others), By Country, Forecast & Opportunities, 2025”, the Europe diagnostic imaging market is expected to grow
at a formidable rate during the forecast period on account of the growing
health consciousness and awareness among the population pertaining to different
diseases and a healthy lifestyle. This has made the people opt for regular
health checkups, which in turn is expected to spur the market growth through
2025. Additionally, technological advancements such as the advent of AI, IoT,
blockchain, among others in diagnostic imaging modalities is further expected
to bolster the market growth over the next few years. Furthermore, Europe has a
highly regulated and well established health network. It has a presence of
major market players and local players offering health insurance plans to the
public. Also, the governments in United Kingdom and Switzerland provides their
citizens with a free of cost health insurance card with which, they can avail
healthcare facilities in their own country and other European countries at a
minimal or no cost at all. This in turn is expected to fuel the market growth
during the forecast period. However, safety issues pertaining to patient health
and environmental issues might hamper the market growth through 2025. Besides,
stringent regulatory norms and policies pertaining to approval and use of
already approved diagnostic imaging modalities might further restrict the
market growth until 2025. Moreover, shortage of helium is a major concern for
suppliers of MRI health system and healthcare industry. This might further
impede the market growth during the forecast period.
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The Europe diagnostic imaging market is segmented based on type,
mobility, source, application, end users, company and country. Based on type,
the market can be fragmented into X-Ray imaging solutions, ultrasound systems,
MRI systems, CT scanners, nuclear imaging solutions, mammography and others. Here,
the CT scanners segment is expected to register the highest growth in the
market on account of the associated benefits of improved patient safety since
there is very minimal exposure to radiation in this technique. Additionally, it
produces high quality images of the body, thereby help in detecting tumors and
various lung or chest ailments. Based on application, the market can be
categorized into cardiology, oncology, neurology, orthopedics,
gastroenterology, gynecology and others. Among these, the cardiology segment is
expected to dominate the market on account of the growing prevalence of
cardiovascular diseases, cardiac arrests, heart strokes, among others.
According to WHO data, more than half of the deaths across the European region
are caused due to cardiovascular diseases. This in turn is expected to increase
the demand for diagnostic imaging solutions through 2025. Based on end users,
the market can be grouped into hospitals & clinics, diagnostic centers,
ambulatory care centers and others. Here, the hospitals & clinics segment
is expected to dominate the market owing to the growing demand for advanced
imaging technologies and integration of these facilities. However, the diagnostic
centers segment is expected to witness healthy growth on account of growing
number of diagnostic centers across the region.
Siemens Healthineers AG, GE Healthcare Europe, GmbH, Koninklijke Philips
N.V., Agfa-Gevaert N.V., Esaote S.p.A, Planmed Oy, Carl Zeiss AG, Accenture UK
Medical Imaging Solutions, FUJIFILM Europe GmbH, Canon Medical System Europe
B.V. and others are some of the leading players operating in Europe diagnostic
imaging market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share. For instance, in February 2019, Canon Medical System Europe B.V.
launched Aquilion Begin CT device in the European market. This will help the
medical facility providers expand their radiology practices. This device is
compact in size, has lesser power requirements and is equipped with dose
reduction technologies. It has the ability to fit inside a small X-Ray room
thereby delivering 3D CT imaging of high-quality at the lowest possible dosage.
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“Europe
diagnostic imaging market is expected to witness significant growth during the forecast period. Germany is
expected to lead the market followed by France, Italy, and Spain. This can be
ascribed to ageing population and increasing mortality rate due to prevalence
of chronic diseases such as cardiovascular diseases, cancer, among others.
Furthermore, the sudden outbreak and spread of pandemic COVID-19, with the European
region being adversely impacted, is expected to create lucrative opportunities
for the growth diagnostic imaging market across the country. This can be
accredited to the widespread use of diagnostic techniques for making a
comparative study to identify the vulnerability of the disease across adults
and children. Also, these imaging facilities help in identifying the treatment
response to a certain drug or therapy. Furthermore, presence of major market
players such as Siemens, GE Healthcare, Fujifilm, Canon, among others in the
region is expected to propel the market growth through 2025.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Europe Diagnostic Imaging Market By Type (X-Ray
Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear
Imaging Solutions, Mammography, Others), By Mobility (Portable v/s Standalone),
By Source (Domestic Vs Import), By Application (Cardiology, Oncology,
Neurology, Orthopedics, Gastroenterology, Gynecology, Others), By End Users
(Hospitals & Clinics, Diagnostic Centers, Ambulatory Care Centers, Others),
By Country, Forecast & Opportunities, 2025”, has evaluated
the future growth potential of Europe diagnostic imaging market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Europe diagnostic imaging market.
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