Netherlands Diagnostic Imaging Equipment Market Size (2024 - 2029)

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 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.