Press Release

Oct, 31 2023

Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, and Sonic Healthcare Limited are Dominating the Europe Radiology Services Market in 2021

Europe Radiology Services Market is expected to grow with the CAGR of 13.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Europe radiology services market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Europe radiology services market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • 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.

Koninklijke Philips N.V. is the dominating player in Europe radiology services market. The other key players existing in the market are Siemens Healthcare GmbH, GENERAL ELECITRIC COMPANY, Sonic Healthcare Limited, Medica Reporting Ltd., 4ways Healthcare Limited, Shimadzu Corporation, Everlight Radiology, InHealth Group, and Teleradiology Solutions among others.

Europe Radiology Services Market Koninklijke Philips N.V.

Koninklijke Philips N.V. is headquartered in Amsterdam, the Netherlands and was founded in 1891. The company is focused improving people’s lives through meaningful innovation and technology. The company has several product & service categories including computed tomography, clinical informatics, advanced molecular imaging, consumables and accessories, customer service solutions, diagnostic ecg, emergency care & resuscitation, fluoroscopy, ultrasound, value products, refurbished systems, radiography, radiation oncology, home respiratory care, hospital respiratory care, interventional devices & therapies, interventional x-ray system and solution, mammography, mother & child care, mri systems & solutions, pathology, patient monitoring solutions in which advanced molecular imaging, ultrasound, radiography, interventional x-ray system and solution, teleradiology  are the market focused categories.

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.

The company has wide presence across Europe, Americas, Asia-Pacific, and Middle East and Africa. The company also has various subsidiary companies including Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (the Netherlands), Philips Medical Systems Nederland B.V. (the Netherlands), Philips Ultrasound, Inc. (U.S.), and Philips Oral Healthcare, LLC (U.S.) among others.


GENERAL ELECTRIC COMPANY was founded in the year 1892 and is headquartered in Massachusetts, U.S. Their main focus of the company is providing products, solutions and services to be used in diagnosis, treatment and monitoring of patients and in the development and manufacture of biopharmaceuticals. The company operates its business via several business segments including healthcare systems, life sciences (GE healthcare) in which healthcare systems are the market focused segment. The company has several product & service categories including equipment, pharmaceutical imaging agents, healthcare it, pharmaceutical it, command centers, consulting, services, accessories, finance, product security portal, virtual care solutions in which equipment is the market focused category.

For instance,

  • In March 2021, GENERAL ELECTRIC COMPANY has showcased its innovative Al, Digital and imaging solution at virtual ECR 2021 held in Austria. This exhibition has helped the company to gain more recognisation.

The company has presence across Europe, America, Asia-Pacific, and Middle East and Africa. The company also has various subsidiary companies including Biacore (Sweden), GE Healthcare Dharmacon, Inc. (U.S.), GE Healthcare BV (the Netherlands), Nihon Medi-Physics Co. Ltd. (Japan), and Hyclone Laboratories Inc. (U.S.) among others.

Sonic Healthcare Limited

Sonic Healthcare Limited was founded in the year 1987 and is headquartered in Sydney, Australia. The main focus of the company is in providing pathology/laboratory medicine, radiology, occupational medicine and corporate medical services. The company has service category in laboratory medicine / pathology, sonic clinical trials, diagnostic imaging / radiology, sonic clinical services in which diagnostic imaging / radiology is the market focused category.

For instance,

  • 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.

The company has presence across North America, Europe, and Asia-Pacific. The company also has various subsidiary companies including American Esoteric Laboratories, Inc. (U.S.), Sonic Healthcare USA, Inc. (U.S.), Sunrise Medical Laboratories, Inc. (U.S.), The Doctors Laboratory Limited (U.S.), and Clinical Pathology Laboratories, Inc. (U.S.) among others.


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