Europe Digital Radiography System Market : Insights and Forecast 2019-2025: Emphasis on Technology (Computed Radiography and Direct Digital Radiographic), Equipment (Sensors, Scintillator and Phosphor Imaging Plate (PIP), Portability (Fixed and Portable System), Application (Orthopedics, Dental Imaging, Mammography, Cardiology, Chest Imaging, Fluoroscopy, Oncology, Others), End-Users (Hospitals, Diagnostics Centres and Others) and Country
- UNI4065848
- 149 Pages
- May 2019
- Healthcare
Digital Radiography Systems was valued at US$ 2165 Million in 2017 and is anticipated to reach US$ 3504.2 Million by 2025 displaying reasonable CAGR of 6.36% over the forecast period (2019-2025). Radiography is deployed for the interpretation of anatomical and morphological structures such as teeth and jaw, skeleton, musculoskeletal among others that are present inside the body. Radiographs can be produced by using traditional method such as film or film can be replaced by scanners and sensors. With the advent of new technology radiography industry is currently in transition stage from film-based radiography to digital radiography. Owing to the factors such as high prevalence of cardiovascular, respiratory and other diseases. Growing awareness and increasing health consciousness will further boom the industry. However, high cost of radiography systems and expensive installation of this technology will act as a restraint for the adoption of this technology. Moreover, emergence of artificial intelligence will act as the opportunity for further evolution of this industry.
Portable digital radiography system is anticipated escalate the market growth due to the mobility and compactness of the device. Taking into consideration, digital radiography market is gaining momentum in healthcare industry since past few years. It has a huge application in healthcare industry encompassing orthopedics, dentistry, mammography and fluoroscopy among others. Europe is adopting this technology at a steady pace.
“Computed Radiography expected to dominate during the analyzed period.”
Digital radiography systems market is segmented based on technology such as computed radiography and direct digital radiography. The Computed Radiography occupied the largest share and is expected to maintain its dominance throughout the forecast period 2019-2025. However, direct digital radiography is expected to witness highest CAGR growth during the analyzed period due the low radiation dose with the advent of PACS.
“Scintillator held the largest market share in 2018 and are expected to dominate the market in 2025.”
The study further bifurcates the digital radiography systems market into different equipment including, sensor, scintillator and Phosphor imaging Plate (PIP) wherein Scintillators held the largest market share in 2018 and is expected to dominate the market by 2025. However, sensor is expected to register highest growth during the forecast period as they are compact and wireless
“Amongst portability, Fixed systems are projected to hold the largest market share and will dominate the Europe Digital Radiography System market by 2025.”
Based on portability the market is bifurcated into Fixed Systems and Portable Systems. Market of Portable system is expected to grow tremendously, due to the surging demand over the years however, fixed systems are projected to dominate the market in 2025.
“Amongst end-users, hospitals are anticipated to dominate Europe Digital Radiography System market by 2025.”
Diagnostic laboratories, hospitals and other institutions such as research institutes and clinics are the major end-users of this technology. Hospitals are anticipated to dominate this segment in 2025. Owing to the rise in the incidence of major chronic diseases.
“Amongst application, cardiology holds the major share in Europe Digital Radiography System market.”
Radiography holds a wide range of application such as orthopedics, dentistry, mammography, cardiology, oncology, chest imaging and fluoroscopy. Rising incidence of Cardiovascular disease will escalate the market growth and will hold the highest market share in this segment.
“Germany represents as one of the largest markets of digital radiography systems in Europe.”
For a deep dive analysis of the industry, the study also includes Europe country-level analysis including major markets of digital radiography systems in the European region including Spain, Germany, France, United Kingdom (UK), Netherlands, Italy and Rest of Europe. Germany is considered as the largest market of this technology. High population presence and rising old age population is driving the market growth of this country.
Competitive Landscape-Top 10 Market Players
GE Healthcare, Siemens Healthineers, Philips Healthcare, Shimadzu Corporation, Fujifilm Holdings, Hitachi Medical Corporation, Esaote S.p.A., Carestream Health and Agfa-Gevaert NV are some of the prominent players operating in the Europe digital radiography industry. Germany has captured the major share in Europe digital radiography systems market due to the presence of major players in this country. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.
Reasons to buy:
• The Digital Radiography Systems Market study in Europe region presents the current market size, trend, forecast until 2025 in terms of value (US$). The analysis presented in the report is a combination of deep dive secondary research and input from Key Opinion Leader of the industry
• The report presents a quick review of overall industry performance at one glance
• The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
• Detailed examination on regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis
• The study comprehensively covers the market across different segments and sub segments
• Deep dive regional level analysis of the industry
Customization Options:
UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The Europe Digital Radiography Systems Market can be customized to country level or any other market segment.
1.1 Market Definition 13
1.2 Objective of the Study 13
1.3 Limitation 13
1.4 Stakeholders 13
1.5 Currency used in the Report 14
1.6 Scope of Europe Digital Radiography System Market Study 14
2. RESEARCH METHODOLOGY 15
2.1 Research Methodology adopted for European Digital Radiography System Market study 15
2.1.1 Main objective of the European Digital Radiography Systems Market Study 16
3. REGULATORY FRAMEWORK 17
3.1 General Overview 17
3.1.1 European Regulations and Reimbursement Policies for Digital Radiography 17
4. INDUSTRY PERFORMANCE 19
5. EXECUTIVE SUMMARY 21
6. MARKET OVERVIEW 23
6.1 Introduction 23
6.2 Market Dynamics 24
6.2.1 Market Drivers 24
6.2.1.1 Radiation Exposure Reduction 24
6.2.1.2 Increasing Older Population and Problems Associated 25
6.2.1.3 Rising Burden of Chronic Diseases 26
6.2.1.4 Expanding Market of Minimally Invasive Surgeries 29
6.2.2 Market Restraints 29
6.2.2.1 High Cost of Equipment 29
6.2.3 Trends in Dental Imaging Technology 30
6.2.3.1 Artificial Intelligence (AI) in Radiology 30
7. KEY MARKET INDICATORS 33
7.1 General Overview 33
7.1.1 Demand and Supply Side Analysis 33
7.1.1.1 Top Winning Strategies 33
7.1.1.1.1 Top Product launches 34
7.1.1.1.2 Top Business Expansions 35
7.1.1.1.3 Top Investments 35
7.1.1.1.4 Top Acquisition and Collaborations 35
7.1.2 Value Chain Analysis of European Digital Radiography Market 36
8. MARKET INSIGHTS BY TECHNOLOGY 38
8.1 General Overview 38
8.1.1 Computed Radiography 40
8.1.2 Direct Digital Radiographic 41
9. MARKET INSIGHTS BY EQUIPMENT 42
9.1 General Overview 42
9.1.1 Sensors 44
9.1.2 Scintillator 45
9.1.3 Phosphor Imaging Plate (PIP) 46
10. MARKET INSIGHTS BY PORTABILITY 47
10.1 General Overview 47
10.1.1 Fixed Systems 48
10.1.2 Portable Systems 49
11. MARKET INSIGHTS, BY APPLICATIONS 50
11.1 General Overview 50
11.1.1 Orthopedics 51
11.1.2 Dental Imaging 52
11.1.3 Mammography 53
11.1.4 Cardiology 55
11.1.5 Chest Imaging 56
11.1.6 Fluoroscopy 58
11.1.7 Oncology 58
11.1.8 Others 60
12. MARKET INSIGHTS BY END-USER 62
12.1 General Overview 62
12.1.1 Hospitals 63
12.1.2 Diagnostics Centres 64
12.1.3 Other End-Users 65
13. MARKET INSIGHTS BY COUNTRY 67
13.1 General Overview 67
13.2 Germany Digital Radiography Systems Market (2018-2025) 68
13.2.1 Germany Digital Radiography Systems Market, by Technology 69
13.2.2 Germany Digital Radiography Systems Market, by Equipment 70
13.2.3 Germany Digital Radiography Systems Market, by Portability 70
13.2.4 Germany Digital Radiography Systems Market, by Application 71
13.2.5 Germany Digital Radiography Systems Market, by End-Users 71
13.3 France Digital Radiography Systems Market (2018-2025) 72
13.3.1 France Digital Radiography Systems Market, by Technology 73
13.3.2 France Digital Radiography Systems Market, by Equipment 74
13.3.3 France Digital Radiography Systems Market, by Portability 74
13.3.4 France Digital Radiography Systems Market, by Application 75
13.3.5 France Digital Radiography Systems Market, by End-Users 75
13.4 United Kingdom Digital Radiography Systems Market (2018-2025) 76
13.4.1 UK Digital Radiography Systems Market, by Technology 78
13.4.2 UK Digital Radiography Systems Market, by Equipment 78
13.4.3 UK Digital Radiography Systems Market, by Portability 79
13.4.4 UK Digital Radiography Systems Market, by Application 79
13.4.5 UK Digital Radiography Systems Market, by End-Users 80
13.5 Spain Digital Radiography Systems Market (2018-2025) 80
13.5.1 Spain Digital Radiography Systems Market, by Technology 81
13.5.2 Spain Digital Radiography Systems Market, by Equipment 82
13.5.3 Spain Digital Radiography Systems Market, by Portability 82
13.5.4 Spain Digital Radiography Systems Market, by Application 83
13.5.5 Spain Digital Radiography Systems Market, by End-Users 83
13.6 Netherlands Digital Radiography Systems Market (2018-2025) 84
13.6.1 Netherlands Digital Radiography Systems Market, by Technology 85
13.6.2 Netherlands Digital Radiography Systems Market, by Equipment 85
13.6.3 Netherlands Digital Radiography Systems Market, by Portability 86
13.6.4 Netherlands Digital Radiography Systems Market, by Application 86
13.6.5 Netherlands Digital Radiography Systems Market, by End-Users 87
13.7 Italy Digital Radiography Systems Market (2018-2025) 87
13.7.1 Italy Digital Radiography Systems Market, by Technology 89
13.7.2 Italy Digital Radiography Systems Market, by Equipment 89
13.7.3 Italy Digital Radiography Systems Market, by Portability 90
13.7.4 Italy Digital Radiography Systems Market, by Application 90
13.7.5 Italy Digital Radiography Systems Market, by End-Users 91
13.8 Rest of Europe Digital Radiography Systems Market (2018-2025) 91
13.8.1 Rest of Euro Digital Radiography Systems Market, by Technology 92
13.8.2 Rest of Euro Digital Radiography Systems Market, by Equipment 93
13.8.3 Rest of Euro Digital Radiography Systems Market, by Portability 93
13.8.4 Rest of Euro Digital Radiography Systems Market, by Application 94
13.8.5 Rest of Euro Digital Radiography Systems Market, by End-Users 94
14. COMPETITIVE SCENARIO 96
14.1 Porter’s Five forces analysis 96
14.1.1 Bargaining power of Buyer 96
14.1.2 Bargaining power of Supplier 97
14.1.3 Threat of new entrants 97
14.1.4 Availability of Substitute 97
14.1.5 Industry Rivalry 98
14.2 Top Players in the Global (Europe) digital radiography systems market, 2017 99
15. TOP COMPANY PROFILES 100
15.1 Canon Inc. 100
15.1.1 Key Facts 100
15.1.2 Business Description 100
15.1.3 Key Product/Services Offerings 101
15.1.4 SWOT Analysis 102
15.1.5 Key Financials (2014-2018) 103
15.1.5.1 Revenue Split, by Region and Segment 104
15.1.6 Recent Developments 104
15.2 Fujifilm Holdings Corporation 105
15.2.1 Key Facts 105
15.2.2 Business Description 105
15.2.3 Key Product/Services Offerings 106
15.2.4 SWOT Analysis 107
15.2.5 Key Financials (2014-2018) 108
15.2.5.1 Revenue Split, by Region and Segment 109
15.2.6 Recent Developments 109
15.3 General Electric Company 110
15.3.1 Key Facts 110
15.3.2 Business Description 110
15.3.3 Key Product/Services Offerings 111
15.3.4 General Electric Growth Strategy 111
15.3.5 SWOT Analysis 112
15.3.6 Key Financials (2014-2018) 113
15.3.6.1 Revenue Split, by Region and Segment 114
15.3.7 Recent Developments 114
15.4 Koninklijke Philips N.V. 115
15.4.1 Key Facts 115
15.4.2 Business Description 115
15.4.3 Key Product/Services Offerings 116
15.4.4 SWOT Analysis 116
15.4.5 Key Financials (2014-2018) 117
15.4.5.1 Revenue Split, by Region and Segment 118
15.4.6 Recent Developments 118
15.4.7 Funding 119
15.5 Siemens Healthineers AG. 120
15.5.1 Key Facts 120
15.5.2 Business Description 120
15.5.3 Key Product/Services Offerings 121
15.5.4 SWOT Analysis 121
15.5.5 Key Financials (2015-2018) 122
15.5.5.1 Revenue Split, by Region and Segment 123
15.5.6 Recent Developments 123
15.6 Agfa-Gevaert NV 125
15.6.1 Key Facts 125
15.6.2 Business Description 125
15.6.3 Key Product/Services Offerings 126
15.6.4 SWOT Analysis 127
15.6.5 Key Financials (2014-2018) 128
15.6.5.1 Revenue Split, by Region and Segment 129
15.6.6 Recent Developments 129
15.7 Esaote S.p.A. 130
15.7.1 Key Facts 130
15.7.2 Business Description 130
15.7.3 Key Product/Services Offerings 131
15.7.4 SWOT Analysis 131
15.7.5 Recent Developments 132
15.8 Hitachi Healthcare Manufacturing, Ltd. 133
15.8.1 Key Facts 133
15.8.2 Business Description 133
15.8.3 Key Product/Services Offerings 133
15.8.4 SWOT Analysis 134
15.8.5 Recent Developments 135
15.9 Shimadzu Corporation 136
15.9.1 Key Facts 136
15.9.2 Business Description 136
15.9.3 Key Product/Services Offerings 137
15.9.4 SWOT Analysis 138
15.9.5 Key Financials (2014-2018) 139
15.9.5.1 Revenue Split, by Region and Segment 140
15.9.6 Recent Developments 140
15.10 Carestream Health, Inc. 142
15.10.1 Key Facts 142
15.10.2 Business Description 142
15.10.3 Key Product/Services Offerings 143
15.10.4 SWOT Analysis 144
15.10.5 Recent Developments 144
15.10.6 Funding 145
TABLE 2 Hospital admissions for five chronic conditions, EU countries, 2015 62
TABLE 3 Canon Inc. Key Facts 99
TABLE 4 Product segmentation of Canon Inc. 100
TABLE 5 Canon Inc. Growth Strategy 100
TABLE 6 Fujifilm Holdings Corporation Key Facts 104
TABLE 7 Product segmentation of Fujifilm Holdings Corporation 105
TABLE 8 Fujifilm Holdings Corporation Growth Strategy 105
TABLE 9 General Electric Company Key Facts 109
TABLE 10 Product segmentation of General Electric 110
TABLE 11 Koninklijke Philips N.V. SE Key Facts 114
TABLE 12 Product segmentation of Koninklijke Philips 115
TABLE 13 Koninklijke Philips Growth Strategy 115
TABLE 14 Siemens Healthcare AG Key Facts 119
TABLE 15 Product segmentation of Siemens Healthineers 120
TABLE 16 SIEMENS HEALTHINEERS Growth Strategy 120
TABLE 17 Agfa-Gevaert NV Key Facts 124
TABLE 18 Product segmentation of Agfa-Gevaert NV 125
TABLE 19 Agfa-Gevaert NV Growth Strategy 125
TABLE 20 Esaote S.p.A. Key Facts 129
TABLE 21 Product segmentation of Esaote S.p.A. 130
TABLE 22 Esaote S.p.A. Growth Strategy 130
TABLE 23 Hitachi Healthcare Manufacturing, Ltd. Key Facts 132
TABLE 24 Product segmentation of Hitachi Healthcare Manufacturing, Ltd. 132
TABLE 25 Hitachi Healthcare Manufacturing, Ltd. Growth Strategy 133
TABLE 26 Shimadzu Corporation Key Facts 135
TABLE 27 Product segmentation of Shimadzu Corporation 136
TABLE 28 Shimadzu Corporation Growth Strategy 136
TABLE 29 Carestream Health Key Facts 141
TABLE 30 Product segmentation of Carestream Health 142
TABLE 31 Carestream Health Growth Strategy 142
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