The medical imaging equipment market in Europe is projected to grow significantly, with an expected market size of approximately US$ 20,311.07 million by the year 2031, up from US$ 15,054.22 million in 2024. This growth represents a compound annual growth rate (CAGR) of 4.4% from 2025 to 2031.
Overview of the European Medical Imaging Equipment Market
Europe is recognized as a pivotal region in the healthcare sector, characterized by its sophisticated healthcare systems, high adoption rates of innovative technologies, and stringent regulatory frameworks, particularly in the realm of imaging technologies. The primary imaging modalities that are considered the most advanced in Europe include Magnetic Resonance Imaging (MRI), Computed Tomography (CT), and ultrasound technologies. The design of these imaging systems is increasingly focused on enhancing precision and resolution, alongside the integration of artificial intelligence (AI) technologies aimed at improving diagnostic and detection capabilities.
Market Segmentation Analysis
The medical imaging equipment market is segmented based on product type, application, and end user.
Product Type: The market is categorized into Magnetic Resonance Imaging (MRI) systems, Ultrasound devices, Computed Tomography (CT) devices, X-Ray imaging systems, and Nuclear imaging systems. Among these, the Computed Tomography segment was the leading contributor to market revenue in 2024.
Application: The applications of medical imaging equipment are diverse, encompassing areas such as Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Urology, and other medical fields. The oncology segment was the largest in terms of market share in 2024, reflecting the growing need for cancer diagnostics and treatment monitoring.
End User: The market is segmented by end user, which includes Hospitals, Specialty Clinics, Diagnostic Imaging Centers, Academic and Research Institutes, and other healthcare facilities. In 2024, hospitals represented the largest share of the market, highlighting their central role in medical imaging services.
Market OutlookThe European medical imaging equipment market is poised for growth, driven by several factors. The rising incidence of chronic diseases, including cancer, cardiovascular diseases, and neurological disorders, is a significant driver of market expansion. Additionally, the aging population in Europe contributes to an increased prevalence of these chronic conditions, necessitating advanced imaging solutions for early detection and management.
Efforts to enhance healthcare accessibility and the introduction of preventative healthcare measures are also fueling demand for improved imaging technologies. The focus on early detection of chronic illnesses allows for better management and treatment outcomes, which is a priority in both public and private healthcare sectors.
Moreover, the market is witnessing organic growth through the introduction of new products. For instance, in February 2024, Koninklijke Philips N.V. launched the Philips CT 5300 system in Europe, which incorporates AI technology designed to meet diagnostic needs in various settings, including interventional and screening applications.
However, the market does face challenges, such as budget constraints in certain regions and stringent regulatory requirements that may hinder the rapid adoption of new technologies.
Country Insights
The European medical imaging equipment market is further analyzed by country. Germany stands out as the largest market within Europe, bolstered by its highly developed healthcare system that offers universal coverage through both public and private insurers. The country boasts a robust infrastructure for medical diagnostics, with a high penetration of MRI, CT, X-ray, and PET scanners across public hospitals, private clinics, and specialized imaging centers.
The increasing proportion of the aging population in Germany is expected to drive demand for a wide range of diagnostic imaging services, particularly for chronic diseases such as cancer, cardiovascular issues, and neurological disorders.
Germany is also a global leader in the production of medical imaging equipment, with companies like Siemens Healthineers playing a crucial role in the industry. The integration of AI and digital imaging technologies, including computer-aided detection (CAD) and AI imaging analysis tools, is set to enhance workflow efficiency and improve diagnostic accuracy. This innovation will foster an environment conducive to precision medicine and better patient outcomes.
Key Players in the Market
Prominent companies operating in the medical imaging equipment market include GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, CANON MEDICAL SYSTEMS CORPORATION, Koninklijke Philips N.V., and Shimadzu Corporation. These companies are actively pursuing strategies such as market expansion, product innovation, and mergers and acquisitions to maintain their competitive edge and deliver cutting-edge products to consumers.
- 1. Introduction
- 1.1 Business Market Insights Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Market Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 4. Europe Medical Imaging Equipment Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users
- 5. Europe Medical Imaging Equipment Market – Key Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Rising Prevalence of Chronic and Complex Diseases
- 5.1.2 Increasing Integration with Artificial Intelligence
- 5.1.3 Fostering Innovations Backed by Regulatory Reforms
- 5.2 Market Opportunities
- 5.2.1 Growth in Point-of-Care Imaging Solutions
- 5.2.2 Expansion of Imaging Capabilities in Interventional Radiology
- 5.3 Future Trends
- 5.3.1 Rising Demand for 3D and 4D Imaging
- 5.3.2 Shift Toward Portable and Handheld Imaging Devices
- 5.3.3 Expansion of Teleradiology Services
- 5.4 Impact of Drivers and Restraints
- 6. Europe Medical Imaging Equipment Market Regional Analysis
- 6.1 Europe Medical Imaging Equipment Market Overview
- 6.2 Europe Medical Imaging Equipment Market Revenue 2021-2031 (US$ Million)
- 6.3 Europe Medical Imaging Equipment Market Forecast Analysis
- 7. Europe Medical Imaging Equipment Market Analysis – by Product Type
- 7.1 Magnetic Resonance Imaging Systems
- 7.1.1 Overview
- 7.1.2 Magnetic Resonance Imaging Systems: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 7.2 Ultrasound
- 7.2.1 Overview
- 7.2.2 Ultrasound: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 7.3 Computed Tomography Devices
- 7.3.1 Overview
- 7.3.2 Computed Tomography Devices: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 7.4 X-Ray Imaging Devices
- 7.4.1 Overview
- 7.4.2 X-Ray Imaging Devices: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 7.5 Nuclear Imaging System
- 7.5.1 Overview
- 7.5.2 Nuclear Imaging System: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8. Europe Medical Imaging Equipment Market Analysis – by Application
- 8.1 Cardiology
- 8.1.1 Overview
- 8.1.2 Cardiology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8.2 Oncology
- 8.2.1 Overview
- 8.2.2 Oncology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8.3 Neurology
- 8.3.1 Overview
- 8.3.2 Neurology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8.4 Orthopedics
- 8.4.1 Overview
- 8.4.2 Orthopedics: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8.5 Gastroenterology
- 8.5.1 Overview
- 8.5.2 Gastroenterology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8.6 Gynecology
- 8.6.1 Overview
- 8.6.2 Gynecology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 8.7 Urology
- 8.7.1 Overview
- 8.7.2 Urology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 9. Europe Medical Imaging Equipment Market Analysis – by End User
- 9.1 Hospitals
- 9.1.1 Overview
- 9.1.2 Urology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 9.2 Specialty Clinics
- 9.2.1 Overview
- 9.2.2 Urology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 9.3 Diagnostics Imaging Centers
- 9.3.1 Overview
- 9.3.2 Urology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 9.4 Academic & Research Institutes
- 9.4.1 Overview
- 9.4.2 Urology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 9.5 Others
- 9.5.1 Overview
- 9.5.2 Urology: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10. Europe Medical Imaging Equipment Market – Europe Analysis
- 10.1 Europe
- 10.1.1 Europe Medical Imaging Equipment Market Breakdown, by Key Country, 2025 and 2031 (%)
- 10.1.1.1 Europe Medical Imaging Equipment Market – Revenue and Forecast Analysis – by Country
- 10.1.1.1 Germany: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.1.1 Germany: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.1.2 Germany: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.1.3 Germany: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.2 Italy: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.2.1 Italy: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.2.2 Italy: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.2.3 Italy: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.3 France: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.3.1 France: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.3.2 France: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.3.3 France: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.4 U.K.: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.4.1 U.K.: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.4.2 U.K.: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.4.3 U.K.: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.5 Spain: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.5.1 Spain: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.5.2 Spain: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.5.3 Spain: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.6 Belgium: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.6.1 Belgium: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.6.2 Belgium: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.6.3 Belgium: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.7 Netherlands: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.7.1 Netherlands: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.7.2 Netherlands: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.7.3 Netherlands: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.8 Luxembourg: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.8.1 Luxembourg: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.8.2 Luxembourg: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.8.3 Luxembourg: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.9 Norway: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.9.1 Norway: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.9.2 Norway: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.9.3 Norway: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.10 Finland: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.10.1 Finland: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.10.2 Finland: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.10.3 Finland: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.11 Denmark: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.11.1 Denmark: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.11.2 Denmark: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.11.3 Denmark: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.12 Sweden: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.12.1 Sweden: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.12.2 Sweden: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.12.3 Sweden: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.13 Switzerland: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.13.1 Switzerland: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.13.2 Switzerland: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.13.3 Switzerland: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.14 Austria: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.14.1 Austria: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.14.2 Austria: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.14.3 Austria: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.15 Greece: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.15.1 Greece: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.15.2 Greece: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.15.3 Greece: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.16 Portugal: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.16.1 Portugal: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.16.2 Portugal: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.16.3 Portugal: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.17 Russia: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.17.1 Russia: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.17.2 Russia: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.17.3 Russia: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.18 Poland: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.18.1 Poland: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.18.2 Poland: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.18.3 Poland: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.19 Romania: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.19.1 Romania: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.19.2 Romania: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.19.3 Romania: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.20 Czech Republic: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.20.1 Czech Republic: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.20.2 Czech Republic: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.20.3 Czech Republic: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.21 Ukraine: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.21.1 Ukraine: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.21.2 Ukraine: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.21.3 Ukraine: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.22 Slovakia: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.22.1 Slovakia: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.22.2 Slovakia: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.22.3 Slovakia: Europe Medical Imaging Equipment Market Breakdown, by End User
- 10.1.1.23 Bulgaria: Europe Medical Imaging Equipment Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.23.1 Bulgaria: Europe Medical Imaging Equipment Market Breakdown, by Product Type
- 10.1.1.23.2 Bulgaria: Europe Medical Imaging Equipment Market Breakdown, by Application
- 10.1.1.23.3 Bulgaria: Europe Medical Imaging Equipment Market Breakdown, by End User
- 11. Competitive Landscape
- 11.1 Heat Map Analysis
- 11.2 Company Positioning and Concentration
- 12. Europe Medical Imaging Equipment Market Industry Landscape
- 12.1 Overview
- 12.2 Mergers and Acquisitions
- 12.3 Agreements, Collaborations, and Joint Ventures
- 12.4 New Product Launches
- 12.5 Expansions and Other Strategic Developments
- 13. Company Profiles
- 13.1 GE HealthCare
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Siemens Healthineers AG
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 FUJIFILM Holdings Corporation
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 CANON MEDICAL SYSTEMS CORPORATION
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Koninklijke Philips N.V.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Shimadzu Corporation
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Hologic, Inc.
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 SamsungHealthcare
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Neusoft Medical Systems Co., Ltd.
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
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