What is Medical Imaging Equipment Market Scope?
Medical imaging equipment is used to provide a view into a patient's body so that physicians can make an accurate diagnosis of the patient's condition. There are many different types of imaging equipment, such as X-rays, CT scan (computed tomography scan), MRI (magnetic resonance imaging) and ultrasound. Each imaging type uses a different technology to create an image. The increasing geriatric population across Europe is one of the major factors driving the growth of the market.
Influencing Trend:
The emergence of Artificial Intelligence (AI) and Virtual Reality & 3D Imaging
Market Growth Drivers:
Increasing Geriatric Population across Europe, Surging Incidences of Chronic Diseases Including Cancer, Cardiovascular diseases and Lifestyle Changes Has Resulted in Increase in Diseases
Challenges:
Highly Concentrated Market
Restraints:
A High Cost of the Products
Opportunities:
Significant New Investments in Healthcare Infrastructure, Technological Advancements Coupled with Research & Development and Equipment Renewals in CT Scanning Are Becoming Urgent Due To Regulatory Mandates Such As Dose Reduction Mandates by the European Commission and Other Entities
The Medical Imaging Equipment market study is being classified by Type (Magnetic Resonance (MRI), Computed Tomography (CT), Radiology (X-Ray), Ultrasound (US) and Nuclear Imaging Equipment), by Application and major geographies with country level break-up.
The market is highly concentrated owing to the presence of three leading players such as GE Healthcare, Siemens, and Philips Healthcare within the European market. Some of the leading players are focusing on technological advancements as well as research & development to cater to the imaging equipment’s as per the market necessities. There are significant opportunities for emerging players owing to the increased demand for imaging equipment’s. Analysts at AMA predicts that Players from Global will contribute to the maximum growth of Europe Medical Imaging Equipment market throughout the predicted period.
Philips (Netherlands), Siemens (Germany), Canon Medical Systems (Japan), General Electric (United States), Fujifilm (Japan), Hitachi Medical (Japan), Samsung Medison (South Korea), Shimadzu Corp. (Japan), AGFA HealthCare (Belgium) and Carestream Health (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are PLANMED OY (Finland), Shimadzu Corporation (Japan), SternMed GmbH (Germany), PROTEC GmbH & Co. KG (Germany), ONCOVISION (Spain) and Trivitron Healthcare (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Europe Medical Imaging Equipment market by Type, Application and Region.
On the basis of geography, the market of Medical Imaging Equipment has been segmented into Europe (Germany, France, Spain, United Kingdom, Netherlands, Rest of Europe).
Market Influencers and their Development Strategies
In November 2023, Canon Medical and Cleveland Clinic have announced plans to form a strategic research partnership to develop innovative imaging and healthcare IT technologies for improved diagnosis, care and patient outcomes.
In December 2023, DeepTek.ai, announced the commercial availability of Augmento X-Ray, a one of its kind CADe Chest X-Ray AI solution powered by US FDA Cleared CXR AI at the radiology conference – Radiology Society of North America’s (RSNA) 109th Annual Meeting.
Key Target Audience
Medical Imaging Equipment Manufacturers, Medical Imaging Equipment Sub Component Manufacturers, Medical Imaging Equipment Traders/Distributors, Medical Imaging Equipment Importer/Exporter, Potential Technology Investors and Downstream Vendors
Medical Imaging Equipment Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Medical Imaging Equipment Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Medical Imaging Equipment industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.