Europe Medical Imaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (CT Systems, X-ray Systems, PET Systems, MRI systems, Ultrasound Systems, and Others); End User (Hospitals, OP Centers, Clinicians Offices, and Emergency Care Centers)
Market Introduction
Medical imaging refers to techniques and processes used to create images of various parts of the human body for diagnostic and treatment purposes within digital health. The term, medical imaging, includes various radiological imaging techniques such as: X-ray radiography, Fluoroscopy, Magnetic resonance imaging (MRI), Medical ultrasonography or ultrasound, Endoscopy, Elastography, Tactile imaging, Thermography, Medical photography and nuclear medicine functional imaging techniques e.g., positron emission tomography (PET). Medical imaging is crucial in every medical setting and at all levels of healthcare.
Thus, the increasing demand for early diagnosis are expected to create a significant demand for medical imaging in the coming years, which is further anticipated to drive the medical imaging market.
Increasing COVID-19 has impacted the diagnosis and treatment of diseases, due to the diversification of the medical work force and decision to focus on treating the critically ill. Due to the current pandemic, many cancer research organizations which are dealing with Ultrasound Transducers treatment are not taking appointments to avoid anxiety associated with same. Due to new clinical practice breast oncologist are prioritizing their patients and making difficult choices by offering less treatment. The specificity and sensitivity in the chest were determined majorly with the help of computed tomography among COVID-19 positive patients. The scale of the COVID-19 pandemic has resulted in the acquisition of huge volumes of imaging data. Traditionally, research using imaging data constituted collation of data within single hospitals or groups of hospitals at most. Thus, the volumes of medical imaging performed by patients suffering with COVID-19 among various countries of Europe is likely to pose a positive impact on growth of the market.
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Market Overview and Dynamics
The Medical imaging market in Europe is expected to grow from US$ 7,703.9 million in 2021 to US$ 10,003.1 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The use of 3D (and potentially even 4D) technologies in diagnostic radiology can create better images, for powerful results. Though ultrasounds are very popular in the medical field, they are limited by the inability to obtain high-resolution, detailed images. Using 3D technology, it is possible to improve ultrasound resolution, and enhance patient care. Experts at CareStream Health, a leader in digital medical solution and IT infrastructure for healthcare, have also been exploring 3D capabilities in imaging, specifically in CT scans. The software in their OnSight 3D Extremity System increases the contrast of soft tissue and reduces the visibility of metal artifacts compared to traditional CT images. These improvements enable sharp 3D construction and lead to a better understanding of patient health.
Key Market Segments
In terms of product, the X-ray systems segment accounted for the largest share of the Europe medical imaging market in 2020. In terms of end user, the hospitals segment accounted for the largest share of the Europe medical imaging market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the medical imaging market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are General Electric Company, Siemens AG, Koninklijke Philips N.V., Shimadzu Corporation, Hitachi, Ltd., Canon Inc., Hologic, Inc., Carestream Health Inc., ESAOTE SPA, and Samsung Group.
Reasons to buy report
- To understand the Europe Medical imaging market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe Medical imaging market
- Efficiently plan M&A and partnership deals in Europe Medical imaging market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe Medical imaging market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
EUROPE MEDICAL IMAGING MARKET SEGMENTATION
By Product
- CT Systems
- X-ray Systems
- PET Systems
- MRI systems
- Ultrasound Systems
- Others
By End User
- Hospitals
- OP Centres
- Clinicians Offices
- Emergency Care Centres
By Country
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Companies Mentioned
- General Electric Company
- Siemens AG
- Koninklijke Philips N.V.
- Shimadzu Corporation
- Hitachi, Ltd.
- Canon Inc.
- Hologic, Inc.
- Carestream Health Inc.
- ESAOTE SPA
- Samsung Group
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Medical Imaging Market – By Product
1.3.2 Medical Imaging Market – By End User
1.3.3 Europe Medical Imaging Market – By Country
2. Europe Medical Imaging Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Medical Imaging Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Medical Imaging Market- Europe PEST Analysis
4.3 Expert Opinion
5. Europe Medical Imaging Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Introduction of Technologically Advanced Systems
5.1.2 Increasing Demand for Early Diagnosis
5.2 Market Restraints
5.2.1 Declining Reimbursements
5.3 Market Opportunities
5.3.1 Big Data and Analytics
5.4 Future Trends
5.4.1 3D Capabilities
5.5 Impact Analysis
6. Medical Imaging Market – Europe Analysis
6.1 Europe Medical Imaging Market Revenue Forecasts and Analysis
7. Europe Medical Imaging Market Analysis and Forecasts To 2028 – By Product
7.1 Overview
7.2 Medical Imaging Market Revenue Share, by Product 2020 and 2028)
7.3 CT Systems
7.3.1 Overview
7.3.2 CT Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
7.4 X-Ray Systems
7.4.1 Overview
7.4.2 X-Ray Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
7.5 MRI Systems
7.5.1 Overview
7.5.2 MRI Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
7.6 PET Systems
7.6.1 Overview
7.6.2 PET Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
7.7 Ultrasound Systems
7.7.1 Overview
7.7.2 Ultrasound Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
8. Medical Imaging Market Analysis – By End User
8.1 Overview
8.2 Medical Imaging Market, by End User, 2020 and 2028 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)
8.4 OP Centers
8.4.1 Overview
8.4.2 OP Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Clinician’s Office
8.5.1 Overview
8.5.2 Clinician’s Office: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Emergency Care Centers
8.6.1 Overview
8.6.2 Emergency Care Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)
9. Medical Imaging Market Revenue and Forecasts to 2028 – Geographical Analysis
9.1 Europe: Medical Imaging Market Revenue and Forecasts to 2028
9.1.1 UK Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.1 UK Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.1.2 UK Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.1.3 UK Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.2 Germany Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.2.1 Germany Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.2.2 Germany Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.2.3 Germany Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.3 France Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.3.1 France Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.3.2 France Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.3.3 France Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.4 Italy Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.4.1 Italy Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.4.2 Italy Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.4.3 Italy Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.5 Spain Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.5.1 Spain Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.5.2 Spain Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.5.3 Spain Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
9.1.6 Rest of Europe Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.6.1 Rest of Europe Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.6.2 Rest of Europe Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
9.1.6.3 Rest of Europe Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
10. Impact Of COVID-19 Pandemic on Europe Medical Imaging Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 General Electric Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Siemens AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Koninklijke Philips N.V.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SHIMADZU CORPORATION
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Hitachi, Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Canon Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hologic, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Carestream Health Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 ESAOTE SPA
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Samsung Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. UK Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 2. UK Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 3. Germany Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 4. Germany Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 5. France Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 6. France Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 7. Italy Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 8. Italy Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 9. Spain Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 10. Spain Medical Imaging Market, by End User – Revenue and Forecast to 2028 by End User (USD Million)
Table 11. Rest of Europe Medical Imaging Market Revenue and Forecasts to 2028, By Product (US$ Mn)
Table 12. Rest of Europe Medical Imaging Market Revenue and Forecasts to 2028, by End User (US$ Mn)
Table 13. Organic Developments Done By Companies
Table 14. Inorganic Developments Done by Companies
Table 15. Glossary of Terms, Medical imaging Market
LIST OF FIGURES
Figure 1. Medical Imaging Market Segmentation
Figure 2. Europe Medical Imaging Market Overview
Figure 3. X-ray Systems Segment Held Largest Share Of Product In Medical Imaging Market
Figure 4. UK is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Medical Imaging Market - Europe PEST Analysis
Figure 6. Medical Imaging Market Impact Analysis of Driver and Restraints
Figure 7. Europe Medical Imaging Market – Revenue Forecasts and Analysis – 2020- 2028
Figure 8. Medical Imaging Market Revenue Share, by Product (2020 and 2028)
Figure 9. CT Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 10. X-Ray Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 11. MRI Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 12. PET Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. Ultrasound Systems: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: Medical Imaging Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Medical Imaging Market, by End User, 2020 and 2028 (%)
Figure 16. Hospitals: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. OP Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Clinician’s Office: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Emergency Care Centers: Medical Imaging Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Medical Imaging Market Revenue Overview, by Country, 2020 (US$ MN)
Figure 21. Europe Medical Imaging Market Revenue and Forecasts to 2028, By Country (%)
Figure 22. UK Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Germany Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. France Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. Italy Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. Spain Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Rest of Europe Medical Imaging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. Impact of COVID-19 Pandemic in European Country Markets
Figure 29. Growth Strategies Done by the Companies in the Market, (%)
- General Electric Company
- Siemens AG
- Koninklijke Philips N.V.
- Shimadzu Corporation
- Hitachi, Ltd.
- Canon Inc.
- Hologic, Inc.
- Carestream Health Inc.
- ESAOTE SPA
- Samsung Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe medical imaging market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe medical imaging market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the medical imaging market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution