Netherlands Diagnostic Imaging Equipment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Netherlands Diagnostic Imaging Equipment Market Analysis
The Netherlands Diagnostic Imaging Equipment Market is poised to witness a CAGR of 5.4% during the forecast period.
The impact of COVID-19 on the market studied was adverse in its initial phase owing to cancellations of elective procedures, including all types of diagnosis. As per a research study published in the BMC Health Services Research Journal in February 2022, during the first phase of the lockdown, benign diagnoses remained extremely low, along with other major diagnostic procedures. Also, the researchers reported a significant decrease in cancer diagnoses since the COVID-19 pandemic began. These lower diagnostic procedures led to delays in further diagnostic referrals and impacted the imaging procedures, and adversely impacted the demand generation of imaging equipment. However, the market gained traction as elective procedures were resumed during the later phases of the pandemic, and it is expected to continue its growth during the forecast period.
Factors such as the rise in the prevalence of chronic diseases, technological advancement in imaging modalities, and the increasing geriatric population are actively affecting the growth of the studied market.
Computed tomography (CT) imaging is most often used in clinical practices, which provides a significant amount of information about the pancreas. For the diagnosis of various diseases such as type 2 diabetes, abdominal CT imaging can be promising. Thus, with the increasing burden of diabetes, the demand for these imaging modalities is also growing. According to the 2021 report published by IDF, 857,000 cases of diabetes were diagnosed in the Netherlands, and it is expected to rise to 910,400 by 2030. Therefore, the demand for diagnostic imaging equipment is influenced by the increase in incidences of diabetes and other chronic diseases. Hence, accelerating the diagnostic imaging equipment market growth in the country.
Moreover, the geriatric population is more prone to chronic diseases and other age-related diseases. The prevalence of the target population in the Netherlands is high, and it is expected to rise in the future. According to the 2022 update by the World Bank, the population aged 65 years and above was 3.5 million last year, which accounted for 20.5% of the total population in the Netherlands. The geriatric population in the country is expected to be growing at an average annual rate of 1.41% over the coming years. This increasing elderly population is expected to create demand for diagnostic procedures, ultimately garnering the demand for diagnostic imaging equipment market in the country.
Additionally, the advancements in technology and increasing product approvals, along with partnerships and collaborations by key players, are helping in the market growth. For instance, in February 2021, Philips made a multiyear strategic partnership for connected care solutions with 28 hospitals of the Dutch SAZ (Association of Collaborating General Hospitals). The collaboration is projected to encompass the monitoring, observation, and self-management of patients throughout their care journey, both inside and outside the hospitals, supported by Philips's advanced patient monitoring solutions. Such collaborations between healthcare institutions and key market players are likely to bolster the use of diagnostic imaging equipment for the management of various chronic diseases, thereby ultimately projected to boost the market's growth.
However, expensive procedures and equipment and side effects of diagnostic imaging are likely to impede the market growth.
Netherlands Diagnostic Imaging Equipment Market Trends
Oncology Segment is Expected to Witness Growth Over the Forecast Period
Diagnostic imaging plays a vital role in interventional oncology, chemotherapy, and radiation therapy. Computed tomography is a highly beneficial and preferred imaging method for many conditions, including trauma patients. Positron emission tomography (PET) and single photon emission computed tomography (SPECT) are also in cancer diagnostic imaging. There are also hybrid medical devices such as PET/CT or PET/MRI which can further contribute to the segment's growth.
According to the Netherlands Comprehensive Cancer Organisation (IKNL) in October 2022, 1 in 13 people in the Netherlands are estimated to be diagnosed with cancer by 2032 and the number of cancer cases will rise from 800.000 in 2022 to nearly 1.4 million by 2032. Hence, the country's high burden of cancer cases is projected to increase diagnostic imaging for cancer diagnosis and is expected to augment the segment growth in the coming years.
Furthermore, the funding by the government to expedite research and development in the oncology segment is projected to boost the demand for the market segment. For instance, in April 2022, the Netherlands reported investing nearly USD 346.52 million or EUR 325 million in preclinical cancer drug development. The Dutch National Growth Fund aims to use the funding to offer specialized capabilities that aid biotechs in hastening the development of oncology prospects. These initiatives by the government are likely to bolster the demand for oncology diagnostic imaging equipment which is projected to augment the segment growth in the country during the forecast period.
Mammography Segment is Expected to Hold a Significant Share of the Market
Mammography is an x-ray imaging technique that is used to examine the breast for the early detection of cancer and other breast diseases. There are two types of mammograms such as screening mammograms and diagnostic mammograms. A diagnostic mammogram is done for people who have a lump or other signs and symptoms of breast cancer and along with other tests, it helps confirm if the patient has cancer or not.
Factors such as increasing breast cancer screening and the breast cancer screening programs by the government of the Netherlands are expected to create the demand for these mammography devices and garner the segment's growth.
The government of the Netherlands designed a National Breast Cancer Screening Programme for women between 50 and 75 years of age and the women of the age group are invited for a mammogram once every 2 years. This is increasing awareness regarding breast cancer and benefits of the mammogram screening. As per a report published by IKNL in September 2022, in the year 2021, nearly 87.6% of the total women population in the country was invited to the national breast cancer screening program out of which 72.5% of the invited women participated in the program.
In addition, as per the source above, the number of breast cancer screenings increased from 530,722 in 2020 to 878,566 in 2021, of which 22,851 (2.60%) were referred by physicians for screening. Thus, the awareness regarding breast cancer screening and the active involvement of the government is expected to create demand for the availability of technologically advanced mammography equipment, further fueling the segment's growth.
Netherlands Diagnostic Imaging Equipment Industry Overview
The Netherlands diagnostic imaging equipment market is moderately fragmented in nature due to the presence of many companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known. Some of the key market players are Canon Medical Systems Corporation, Carestream Health Inc., Esaote SpA, FUJIFILM Holdings Corporation, GE Healthcare, Mindray Medical International Limited, Hologic Corporation, Koninklijke Philips NV, Shimadzu Medical, and Siemens Healthineers among others.
Netherlands Diagnostic Imaging Equipment Market Leaders
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GE Healthcare
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FUJIFILM Holdings Corporation
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Siemens Healthineers
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Koninklijke Philips N.V.
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Carestream Health Inc.
*Disclaimer: Major Players sorted in no particular order
Netherlands Diagnostic Imaging Equipment Market News
- In September 2022, FUJIFILM Sonosite, Inc., launched its next-generation point-of-care ultrasound (POCUS) solutions Sonosite LX system in European nations, including the Netherlands.
- In July 2022, Canon Medical launched Vantage Fortian at the European Society of Radiology, 2022. The new MRI system has cutting-edge workflow strategies, image enhancement, and expedited scan technologies, all of which help shorten the time needed for MRI treatments. The MRI was launched in Zoetermeer, the Netherlands.
Netherlands Diagnostic Imaging Equipment Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rise in the Prevalence of Chronic Diseases
- 4.2.2 Technological Advancement in Imaging Modalities
- 4.2.3 Increasing Geriatric Population
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4.3 Market Restraints
- 4.3.1 Expensive Procedures and Equipment
- 4.3.2 Side Effects of Diagnostic Imaging
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Modality
- 5.1.1 Magnetic Resonance Imaging
- 5.1.1.1 Low and mid field MRI Systems (less than 1.5 T)
- 5.1.1.2 High field MRI Systems (1.5-3 T)
- 5.1.1.3 Very High and Ultra High Field MRI Systems (3T and more)
- 5.1.2 Computed Tomography
- 5.1.2.1 Low-end Scanners (~16-Slice)
- 5.1.2.2 Mid-range Scanners (~64-Slice)
- 5.1.2.3 High-end Scanners (128-Slice and More)
- 5.1.3 Ultrasound
- 5.1.3.1 2D Ultrasound
- 5.1.3.2 3D Ultrasound
- 5.1.3.3 Other Ultrasound
- 5.1.4 X-Ray
- 5.1.4.1 Analog Systems
- 5.1.4.2 Digital Systems
- 5.1.5 Nuclear Imaging
- 5.1.5.1 Positron Emission Tomography (PET)
- 5.1.5.2 Single Photon Emission Computed Tomography (SPECT)
- 5.1.6 Fluoroscopy
- 5.1.7 Mammography
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5.2 By Application
- 5.2.1 Cardiology
- 5.2.2 Oncology
- 5.2.3 Neurology
- 5.2.4 Orthopedics
- 5.2.5 Gastroenterology
- 5.2.6 Gynecology
- 5.2.7 Other Applications
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5.3 By End User
- 5.3.1 Hospital
- 5.3.2 Diagnostic Centers
- 5.3.3 Other End Users
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Canon Medical Systems Corporation
- 6.1.2 Carestream Health Inc.
- 6.1.3 Esaote SpA
- 6.1.4 FUJIFILM Holdings Corporation
- 6.1.5 GE Healthcare
- 6.1.6 Mindray Medical International Limited
- 6.1.7 Hologic Corporation
- 6.1.8 Koninklijke Philips NV
- 6.1.9 Shimadzu Medical
- 6.1.10 Siemens Healthineers
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Netherlands 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.
The Netherlands Diagnostic Imaging Equipment Market is Segmented by Modality (Magnetic Resonating Imaging, Computed Tomography, Ultrasound, X-Ray, Nuclear Imaging, Fluoroscopy, and Mammography), Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, and Other Applications), and End User (Hospital, Diagnostic Centers, and Other End Users). The report offers the value (in USD million) for the above segments.
| By Modality | Magnetic Resonance Imaging | Low and mid field MRI Systems (less than 1.5 T) |
| High field MRI Systems (1.5-3 T) | ||
| Very High and Ultra High Field MRI Systems (3T and more) | ||
| By Modality | Computed Tomography | Low-end Scanners (~16-Slice) |
| Mid-range Scanners (~64-Slice) | ||
| High-end Scanners (128-Slice and More) | ||
| By Modality | Ultrasound | 2D Ultrasound |
| 3D Ultrasound | ||
| Other Ultrasound | ||
| By Modality | X-Ray | Analog Systems |
| Digital Systems | ||
| By Modality | Nuclear Imaging | Positron Emission Tomography (PET) |
| Single Photon Emission Computed Tomography (SPECT) | ||
| By Modality | Fluoroscopy | |
| Mammography | ||
| By Application | Cardiology | |
| Oncology | ||
| Neurology | ||
| Orthopedics | ||
| Gastroenterology | ||
| Gynecology | ||
| Other Applications | ||
| By End User | Hospital | |
| Diagnostic Centers | ||
| Other End Users |
Netherlands Diagnostic Imaging Equipment Market Research FAQs
What is the current Netherlands Diagnostic Imaging Equipment Market size?
The Netherlands Diagnostic Imaging Equipment Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)
Who are the key players in Netherlands Diagnostic Imaging Equipment Market?
GE Healthcare, FUJIFILM Holdings Corporation, Siemens Healthineers, Koninklijke Philips N.V. and Carestream Health Inc. are the major companies operating in the Netherlands Diagnostic Imaging Equipment Market.
What years does this Netherlands Diagnostic Imaging Equipment Market cover?
The report covers the Netherlands Diagnostic Imaging Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Netherlands Diagnostic Imaging Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Netherlands Diagnostic Imaging Equipment Industry Report
Statistics for the 2024 Netherlands Diagnostic Imaging Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Netherlands Diagnostic Imaging Equipment analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
