Benelux Medical Imaging Equipment Market

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031


No. of Pages: 150    |    Report Code: BMIPUB00031658    |    Category: Life Sciences

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Benelux Medical Imaging Equipment Market

The Benelux medical imaging equipment market size is expected to reach US$ 1,448.3 million by 2031 from US$ 1,082.0 million in 2024. The market is estimated to record a CAGR of 4.3% from 2025 to 2031.

Executive Summary and Benelux Medical Imaging Equipment Market Analysis:

The Benelux medical imaging equipment market is progressing smoothly, as a result of an established healthcare infrastructure, innovation programmes sponsored by their governments and rising demand to improve diagnostic quality and precision. The Netherlands and Belgium are pioneering the deployment of Al-enabled imaging systems, digital workflows, and advanced imaging modalities such as PET/CT and MRI, while Luxembourg is discovering avenues to improve its diagnostics in medical imaging through partnerships and investments.

Benelux 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.

By product type, the medical imaging equipment market is segmented into Magnetic Resonance Imaging Systems, Ultrasound, Computed Tomography Devices, X-Ray Imaging Devices and Nuclear Imaging Systems. The Computed Tomography segment dominated the market in 2024.

In terms of applications, the market is segmented into Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Urology, and Other Applications. The oncology segment held the largest share of the market in 2024.

By end user, the market is segmented into Hospitals, Specialty Clinics, Diagnostics Imaging Centers, Academic & Research Institutes and Others. The hospitals segment held the largest share of the market in 2024. 

Benelux Medical Imaging Equipment Market Outlook

The Benelux medical imaging equipment market is progressing steadily because of many initiatives at different levels that support an efficient healthcare infrastructure, public-private innovation policies and increasing demand for diagnostics at high precision levels.

While the Netherlands and Belgium stand out as innovators with respect to Al-supported imaging systems, digital workflows, and advanced imaging modalities such as PET/CT, robust health imaging infrastructure and capability are also developing in Luxembourg, albeit in the form of strategic partnerships and more focused investments. Nationally-funded academic medical centres and public-private partnerships have fuelled innovation and development of medical imaging in the region. Nationally, for example, in the Netherlands, there are a number of ambitious projects funded from the national government, for example POLARIS which brings together Philips and the Dutch Growth Fund with the objective of creating the next generation of radiofrequency technology development for MRI. POLARIS is also an example of the commitment to more efficient, accurate, and patient-centric imaging. Belgium has undertaken research across multiple groups involving the leading researchers in neuroimaging and Al development.

Finally, the national diagnostic imaging infrastructure in Luxembourg includes dedicated centres for imaging in brain research and neuroepidemiology research. Supporting advancements in public health, a recurring theme across the Benelux region was a commitment to sustainable practice, integrating workflow efficiencies, and inclusion of tele- radiology. Within this space, providers of imaging systems were acting as forwards to on-board systems that did not just achieve better clinical outcomes but also supported environmental objectives through energy-efficient systems.

Benelux Medical Imaging Equipment Market Country Insight

Based on country, the Benelux medical imaging equipment market is further segmented into the Belgium, Netherlands, and Luxembourg. The Netherlands held the largest share in 2024.

The BENELUX countries of Belgium, Netherlands, and Luxembourg have well-established healthcare systems with sophisticated imaging modalities. The adoption rates of MRI, CT, and digital X-rays are highest in Belgium and the Netherlands, fuelled by aged population demographics and increasing need for early diagnosis. The private sector is also well established and there is a strong push from the government to healthcare infrastructure investment.

The Netherlands has a well-established medical imaging sector with MRI, CT and digital radiography systems highly developed and widely used in public hospitals and private diagnostic centres. There is also government funding for the technology, as well as national health campaigns to develop healthcare. The country is also embracing Al diagnostics and cloud imaging to develop workflow and accuracy. Market leaders in the field are Siemens Healthineers, Philips and GE Healthcare. The challenges exist to apply cost pressures and an ageing population forcing the demand for more diagnostic services.

Benelux 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.

Benelux Medical Imaging Equipment Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

  • Secondary Research

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:

  • Company websites, annual reports, financial statements, broker analyses, and investor presentations
  • Industry trade journals and other relevant publications
  • Government documents, statistical databases, and market reports
  • News articles, press releases, and webcasts specific to companies operating in the market

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.

  • Primary Research

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:

  • Refine findings from secondary research
  • Enhance the expertise and market understanding of the analysis team
  • Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects

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:

  • Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
  • External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

Key Sources Referred:

  • The World Bank World Development Indicators
  • World Health Organization (WHO)
  • Global Cancer Observatory
  • Medicines and Healthcare Products Regulatory Agency (MHRA)
  • American Cancer Society
  • European Society of Cardiology
  • American College of Cardiology Foundation
  • Company website
  • Accompany annual reports
  • Company investor presentations

The List of Companies - Benelux Medical Imaging Equipment Market

  • GE HealthCare 
  • Siemens Healthineers AG 
  • FUJIFILM Holdings Corporation 
  • CANON MEDICAL SYSTEMS CORPORATION 
  • Koninklijke Philips N.V. 
  • Shimadzu Corporation 
  • Hologic, Inc. 
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Frequently Asked Questions
How big is the Benelux Medical Imaging Equipment Market?

The Benelux Medical Imaging Equipment Market is valued at US$ 1,082.0 Million in 2024, it is projected to reach US$ 1,448.3 Million by 2031.

What is the CAGR for Benelux Medical Imaging Equipment Market by (2025 - 2031)?

As per our report Benelux Medical Imaging Equipment Market, the market size is valued at US$ 1,082.0 Million in 2024, projecting it to reach US$ 1,448.3 Million by 2031. This translates to a CAGR of approximately 4.3% during the forecast period.

What segments are covered in this report?

The Benelux Medical Imaging Equipment Market report typically cover these key segments-

  • Product Type (Magnetic Resonance Imaging Systems, Ultrasound, Computed Tomography Devices, X-Ray Imaging Devices, Nuclear Imaging System)
  • Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Urology)
  • End User (Hospitals, Specialty Clinics, Diagnostics Imaging Centers, Academic & Research Institutes, Others)
  • What is the historic period, base year, and forecast period taken for Benelux Medical Imaging Equipment Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Benelux Medical Imaging Equipment Market report:

  • Historic Period : 2021-2023
  • Base Year : 2024
  • Forecast Period : 2025-2031
  • Who are the major players in Benelux Medical Imaging Equipment Market?

    The Benelux Medical Imaging Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • GE HealthCare
  • Siemens Healthineers AG
  • FUJIFILM Holdings Corporation
  • CANON MEDICAL SYSTEMS CORPORATION
  • Koninklijke Philips N.V.
  • Shimadzu Corporation
  • Hologic, Inc.
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Who should buy this report?

    The Benelux Medical Imaging Equipment Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Benelux Medical Imaging Equipment Market value chain can benefit from the information contained in a comprehensive market report.