Europe Medical Imaging Equipment Market
No. of Pages: 150 | Report Code: BMIPUB00031661 | Category: Life Sciences
No. of Pages: 150 | Report Code: BMIPUB00031661 | Category: Life Sciences
The Europe medical imaging equipment market size is expected to reach US$ 20,311.07 million by 2031 from US$ 15,054.22 million in 2024. The market is estimated to record a CAGR of 4.4% from 2025 to 2031.
Europe is also an important region due to its advanced healthcare systems, high rates of adoption of new technologies, and robust regulatory systems, specifically concerning imaging technologies, with the categorization of imaging technologies including MRI, CT, and ultrasound as the most innovative imaging technologies in Europe. Imaging systems are being designed with an emphasis on maximizing precision and resolution in imaging, as well as the introduction and incorporation of Al technology focused on improving detection and diagnostic capabilities.
Key segments that contributed to the derivation of the medical imaging equipment Market analysis are type and application.
Europe is also an important region due to its advanced healthcare systems, high rates of adoption of new technologies, and robust regulatory systems, specifically concerning imaging technologies, with the categorization of imaging technologies including MRI, CT, and ultrasound as the most innovative imaging technologies in Europe. Imaging systems are being designed with an emphasis on maximizing precision and resolution in imaging, as well as the introduction and incorporation of Al technology focused on improving detection and diagnostic capabilities.
The increase in cases of chronic diseases such as cancer, cardiovascular, and neurological conditions necessitates and drives the market growth in the region, along with the growth of an aging population that contributes to a higher prevalence of chronic diseases and illnesses. Further, with the efforts to ensure health and accessibility, and to introduce solutions focused on preventative healthcare by detecting chronic illnesses sooner such that they can be managed sooner, the demand for improved imaging solutions remains high within both the public sector and private sector of the healthcare markets.
Furthermore, organic growth strategies via the launch of new products included as growth factors for the market in this region. As an example, in February 2024, Koninklijke Philips N.V., (Royal Philips) announced the launch of the Philips CT 5300 on the European region. The Philips CT 5300 system was launched with Al technology and was designed for diagnostic needs, interventional settings, and screening for Europe.
There are challenges both with limited budget consideration and in certain countries and strict regulatory requirements that may slow the rate of adoption of newer technologies.
Based on region, the Europe medical imaging equipment Market is further segmented into the Brazil, Argentina, Chile, Colombia, Peru and Rest of SACA. The Brazil held the largest share in 2024.
Germany continues to be the largest medical imaging equipment market in Europe, a strength of its highly developed healthcare system that provides universal healthcare coverage through public and private health insurers. Germany has an excellent infrastructure for medical diagnostics with a high penetration of MRI, CT, X-ray, and PET scanners in the public hospital system, private clinics and specialist imaging centres. The country's growing above-average aging population will continue driving the need for a very broad base for diagnostic imaging services for chronic diseases (cancer, cardiac, neurological etc.).
Germany has also positioned itself as a global powerhouse in terms of the production of medical imaging equipment with companies such as Siemens Healthineers, making significant contributions to the medical imaging ecosystem. The growing use of Al and digital imaging technologies, including CAD and Al imaging analysis tools, will facilitate many workflows while providing more accurate diagnostic services. Therefore, the medical imaging will continue to innovate, create an environment for early accuracy, precision medicine and improved patient outcomes.
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:
The Europe Medical Imaging Equipment Market is valued at US$ 15,054.22 Million in 2024, it is projected to reach US$ 20,311.07 Million by 2031.
As per our report Europe Medical Imaging Equipment Market, the market size is valued at US$ 15,054.22 Million in 2024, projecting it to reach US$ 20,311.07 Million by 2031. This translates to a CAGR of approximately 4.4% during the forecast period.
The Europe Medical Imaging Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Medical Imaging Equipment Market report:
The Europe Medical Imaging Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Medical Imaging Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Medical Imaging Equipment Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Medical Imaging Equipment Market
