Europe Diagnostic Imaging Equipment Market Size (2024 - 2029)

The European diagnostic imaging equipment market is experiencing growth driven by an increasing geriatric population and a rising prevalence of chronic diseases. Technological advancements in imaging modalities and the growing adoption of medical imaging devices are also contributing to the expansion of the market size. The aging population is expected to lead to a higher demand for medical imaging due to the associated increase in chronic disease cases. These factors collectively support the growth trajectory of the diagnostic imaging equipment market in Europe.

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Market Size of Europe Diagnostic Imaging Equipment Industry

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CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.60 %
Market Concentration Low

Major Players

Europe Diagnostic Imaging Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Diagnostic Imaging Equipment Market Analysis

The major factors for the growth of the European diagnostic imaging equipment market include the increase in the geriatric population and the rising prevalence of chronic diseases, technological advancement in imaging modalities, and the rising adoption of medical imaging devices.

The increase in the geriatric population and the rising prevalence of chronic diseases is one of the major factors boosting the growth of the market. According to the estimates of the World Aging Report 2017, published by the United Nations, in Germany, approximately 28.0% of the population was aged 60 years and over, in 2017. This percentage is expected to become 37.6%, by 2050. Furthermore, as per the data published by the Office for National Statistics, around 18.2% of the population in the United Kingdom was aged 65 years or over, in mid-2017, and this is projected to grow to 20.7% by 2027. Thus, the rising aging population is expected to increase the prevalence of various chronic diseases, resulting in the high demand for medical imaging devices. 

For instance, according to the estimates of the Globocan, in 2018, there were 446,942 new cancer cases in the United Kingdom. Prostate, breast, lung, colon, and skin cancers are the most common types of cancers detected in the United Kingdom. Hence all these factors have helped the growth of the diagnostic imaging equipment market in Europe, and is expected to boost the growth in the region in future as well.

Europe Diagnostic Imaging Equipment Industry Segmentation

As per the scope of the report, the diagnostic imaging equipment market covers a wide array of medical devices used for diagnostic purposes. It has a vast range of applications in the oncological, orthopedic, gastro, and gynecological fields. 

By Modality
MRI
Low and Mid Field MRI Systems (<1.5 T)
High Field MRI Systems (1.5-3 T)
Very High and Ultra High Field MRI Systems (3T and More)
Computed Tomography
Low End Scanners (~16-Slice)
Mid Range Scanners (~64-Slice)
High End Scanners (128-Slice and More)
Ultrasound
2D Ultrasound
3D Ultrasound
Others
X-Ray
Analog Systems
Digital Systems
Nuclear Imaging
Positron Emission Tomography (PET)
Single Photon Emission Computed Tomography (SPECT)
Fluoroscopy
Mamography
By Application
Cardiology
Oncology
Neurology
Orthopedics
Gastroenterology
Gynecology
Other Applications
By End User
Hospital
Diagnostic Centers
Other End Users
Geography
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
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Europe Diagnostic Imaging Equipment Market Size Summary

The European diagnostic imaging equipment market is experiencing significant growth, driven by several key factors. The increasing geriatric population and the rising prevalence of chronic diseases are major contributors to this expansion. As the aging population grows, so does the demand for medical imaging devices, which are essential for diagnosing and managing chronic conditions. Technological advancements in imaging modalities further enhance the market's growth prospects, as they improve the accuracy and efficiency of diagnostic procedures. The adoption of advanced medical imaging devices is on the rise, supported by their critical role in interventional oncology and various therapeutic applications, such as chemo and radiation therapy.

The market is characterized by its fragmented nature, with numerous players competing for market share. Prominent companies in the sector include Canon Medical Systems Corporation, Carestream Health Inc., Esaote SpA, FUJIFILM Holdings Corporation, GE Healthcare, Hitachi Medical Systems, Hologic Corporation, Koninklijke Philips NV, Shimadzu Medical, and Siemens Healthineers. The increasing incidence of cancer in Europe is expected to further drive the demand for diagnostic imaging equipment, as these tools are vital for early detection and treatment planning. The market's growth trajectory is supported by the continuous development of hybrid medical devices, such as PET/CT and PET/MRI, which offer enhanced imaging capabilities for a variety of medical conditions.

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Europe Diagnostic Imaging Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in Geriatric Population and Rising Prevalence of Chronic Diseases

      2. 1.2.2 Technological Advancement in Imaging Modalities

      3. 1.2.3 Rising Adoption of Medical Imaging Devices

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Advanced Diagnostic Imaging Devices

      2. 1.3.2 Dearth of Radiologists

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Modality

      1. 2.1.1 MRI

        1. 2.1.1.1 Low and Mid Field MRI Systems (<1.5 T)

        2. 2.1.1.2 High Field MRI Systems (1.5-3 T)

        3. 2.1.1.3 Very High and Ultra High Field MRI Systems (3T and More)

      2. 2.1.2 Computed Tomography

        1. 2.1.2.1 Low End Scanners (~16-Slice)

        2. 2.1.2.2 Mid Range Scanners (~64-Slice)

        3. 2.1.2.3 High End Scanners (128-Slice and More)

      3. 2.1.3 Ultrasound

        1. 2.1.3.1 2D Ultrasound

        2. 2.1.3.2 3D Ultrasound

        3. 2.1.3.3 Others

      4. 2.1.4 X-Ray

        1. 2.1.4.1 Analog Systems

        2. 2.1.4.2 Digital Systems

      5. 2.1.5 Nuclear Imaging

        1. 2.1.5.1 Positron Emission Tomography (PET)

        2. 2.1.5.2 Single Photon Emission Computed Tomography (SPECT)

      6. 2.1.6 Fluoroscopy

      7. 2.1.7 Mamography

    2. 2.2 By Application

      1. 2.2.1 Cardiology

      2. 2.2.2 Oncology

      3. 2.2.3 Neurology

      4. 2.2.4 Orthopedics

      5. 2.2.5 Gastroenterology

      6. 2.2.6 Gynecology

      7. 2.2.7 Other Applications

    3. 2.3 By End User

      1. 2.3.1 Hospital

      2. 2.3.2 Diagnostic Centers

      3. 2.3.3 Other End Users

    4. 2.4 Geography

      1. 2.4.1 Europe

        1. 2.4.1.1 Germany

        2. 2.4.1.2 United Kingdom

        3. 2.4.1.3 France

        4. 2.4.1.4 Italy

        5. 2.4.1.5 Spain

        6. 2.4.1.6 Rest of Europe

Europe Diagnostic Imaging Equipment Market Size FAQs

The Europe Diagnostic Imaging Equipment Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)

GE Healthcare, Siemens Healthineers, Koninklijke Philips NV, FUJIFILM Holdings Corporation and Hitachi Medical Systems are the major companies operating in the Europe Diagnostic Imaging Equipment Market.

Europe Diagnostic Imaging Equipment Market Report Snapshots

Europe Diagnostic Imaging Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)