The Nordic medical imaging equipment market size is expected to reach US$ 1,023.4 million by 2031 from US$ 700.6 million in 2024. The market is estimated to record a CAGR of 5.6% from 2025 to 2031.
Executive Summary and Nordic Medical Imaging Equipment Market Analysis:
The medical imaging equipment market in the Nordic market, which includes Sweden, Norway, Denmark, and Finland, is mature and innovation-led, while being globally recognized in terms of its healthcare systems. Further government investments in public health, aging population, and strong emphasis on early diagnostics continues to drive steady demand for imaging technologies.
Nordic Medical Imaging Equipment Market Segmentation Analysis:
Key segments that contributed to the derivation of the medical imaging equipment market analysis are product type, application, and end user.
The medical imaging equipment market in the Nordic market, which includes Sweden, Norway, Denmark, and Finland, is mature and innovation-led, while being globally recognized in terms of its healthcare systems. Further government investments in public health, aging population, and strong emphasis on early diagnostics continues to drive steady demand for imaging technologies.
The Nordic market also leads in Al-enabled solutions, sustainable production, and integrated digital health solutions. The Nordic region's environment offers strong public funding structures, extensive preventive care policies, constant willingness to embrace advanced technologies.
Recent partnerships, like United Imaging's systems launch with Datec Medico in Denmark, and the broader Nordics is a testament to the continuing reduction of barriers to the market diversifying suppliers of imaging equipment. The expansion of Al-based clinical applications is pushing their demand as well- in Norway, for example, large-scale deployment of Al in radiology is reducing the burden of diagnostics, while improving timely turnaround of patient diagnostics.
This willingness to invest in advanced imaging equipment from the Al perspective is reflective of the market as a whole in the Nordics where efficiency, scalability, and precision medicine are all being considered under the healthcare umbrella.
The Nordic markets are significantly advanced - to be sure, while further obstacles exist such as shortages of radiologists, especially in northern and rural locations, high operational costs, as well as centralized, rigid procurement processes which prolong emergence of new and novel imaging technologies. Additionally, strict data protection and sustainability regulations create both hurdles and opportunities for imaging equipment vendors.
Based on country, the Nordic medical imaging equipment market is further segmented into the Sweden, Norway, Denmark, and Finland. The Sweden held the largest share in 2024.
Sweden is the dominant countries among the other Nordic countries. Sweden has a advance healthcare system, with well-established healthcare infrastructure, high standards of medical care, and strong commitment to innovation. Government in this country also provide public funding, thus, this country has high adoption rate for new and advance medical technologies.
Major growth factors in this country includes the adoption of digital healthcare solutions (e-health solutions) is positively influencing growth. Second, an increase in healthcare spending is supporting growth. Third, there is a growing emphasis on preventive care. Fourth, there is an increasing burden of chronic diseases. Another trend is the move towards "personalized medicine", which is related to using imaging to provide more specific and detailed results prior to treatment.
Nordic Medical Imaging Equipment Market Company Profiles
GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, CANON MEDICAL SYSTEMS CORPORATION, Koninklijke Philips N.V., and Shimadzu Corporation are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include: