Europe Radiology Services Market is Growing with a CAGR of 13.1% in the Forecast Period of 2021 to 2028

Europe Radiology Services Market is growing with factors such as increase in the prevalence of chronic diseases, availability of reimbursement for radiology procedures, number geriatric population and recent technological developments in tele radiology.

Technological advancements have propelled the demand of the market. However, the high cost of radiology devices and high-risk radiation causing diseases has decreased the demand of the market.

Europe Radiology Services Market Scenario                                       

According to Data Bridge Market Research, the market for Germany radiology services in Europe has the highest market share followed by France and Italy. Market leader is Koninklijke Philips N.V., which accounts an estimated market share of approximately 21.34% in the Europe market. The company has gained outstanding sale by participating in event.

For instance,

  • In November 2020, Koninklijke Philips N.V. has participated in the RSNA 2020 virtual event to feature Al-enabled, automated radiology workflow suit for clinical efficiency through the digitalization, integration and virtualization of radiology. This participation has provided the platform to the company to feature their products.

Europe Radiology Services MarketTrends Impacting the Market

Now the question is which other regions Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, and Sonic Healthcare Limited are targeting? Data Bridge Market Research has forecasted a large growth in Europe radiology services market and the market leaders targeting Germany and France to be their next pocket revenue for 2021.

The radiology services market is becoming more competitive with companies like Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, and Sonic Healthcare Limited. These are the top dominating companies in radiology services market and have launched novel software, services and consumables in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the Europe radiology services market.

For more analysis on the Europe radiology services market request for a briefing with our analysts

Radiology Services Market Developments

  • In February 2020, Koninklijke Philips N.V. has collaborated with the European Society of Radiology (ESR) to host an ultrasound academy. This collaboration has helped to educate about the clinical education in field of ultrasound.
  • In January 2021, GENERAL ELECTRIC COMPANY launched a program for artificial intelligence which will welcome six companies which are specialised in artificial intelligence for medical imaging, oncology and the improvement of the patient experience. This program launch aims to ease for digital health startup to bring new and innovative solutions quickly in the market.
  • In 2017, Sonic Healthcare Limited acquired the German Staber Laboratory group (Germany). The major focus of this acquisition is to expand business in Germany as it is having 17 laboratories, including 3 hubs. Such acquisition has reduced competitors in the Germany market.

Scope of the Radiology Services Market

All country based analysis of the Europe radiology services market is further analysed based on maximum granularity into further segmentation. On the basis of type, the radiology services market is segmented into product and services. On the basis of procedure, the radiology services market is segmented into digital and conventional. On the basis of patient age, the radiology services market is segmented into pediatric and adults. On the basis of radiation type, the radiology services market is segmented into diagnostics and interventional radiology. On the basis of application, the radiology services market is segmented into dental, musculoskeletal, pelvic and abdominal, gynecology, cardiology, urology, neurology, oncology and others. On the basis of end users, the radiology services market is segmented into hospitals, ambulatory centers, diagnostic centers, and clinics.

To know more about the study

Key Pointers Covered in Radiology Services Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Radiology services market
  • Company profiling of top eight players of Radiology services market

Key Market Competitors Covered in the Report

  • Koninklijke Philips N.V.
  • Siemens Healthcare GmbH
  • Sonic Healthcare Limited
  • Medica Reporting Ltd.
  • 4ways Healthcare Limited
  • Shimadzu Corporation
  • Everlight Radiology
  • InHealth Group
  • Teleradiology Solutions

Above are the key players covered in the report, to know about more and exhaustive list of radiology services companies’, contact us

Research Methodology: Europe Radiology Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Radiologist, Scientists, Research Laboratories
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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