The diagnostic imaging market in Europe is expected to grow from US$ 11,168.77 million in 2021 to US$ 15,311.23 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.
According to the World Health Organization (WHO) report, diagnostic imaging has developed rapidly and plays a central role in healthcare by supporting the diagnosis and treatment of diseases. Diagnostic imaging services include confirming, assessing, and documenting the course of many conditions for ultimately drawing the response to treatment.
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The WHO collaborates with partners and manufacturers to develop a technical solution for improving the diagnostic imaging services for patientsโ safety. In March 2018, GE Healthcare announced launching a new diagnostic imaging product supported by AI technology and involved in quickly capturing data and reconstructing images as the product was fast approved by the FDA. The newly launched product is efficient for fast connectivity and advanced algorithm, ensuring 48 times more data throughput and ten times the processing power of the previous system. On the other hand, through the support of technological advancements, diagnostic imaging has played a crucial role in cancer diagnosis. For example, diagnostic imaging takes pictures inside of the body and has a pivotal role in diagnosing and managing cancer patients. The first method is the utilization of CT and MRI, which offers detailed information on the location, size, morphology, and structural changes of the surrounding tissues of the tumor.
The second method is the utility of PET and SPECT, which offers insights related to tumor physiology with anatomical details. Combining these two methods enables the integration of anatomy and function in a single approach, and applying such โhybridโ imaging techniques allows the characterization of tumors at all stages. Additionally, integration of various diagnostic imaging techniques such as X-ray spectrometry-related techniques and methodologies can be deployed more efficiently intended for different interdisciplinary uses. With the advent of such advanced technologies, the diagnostic imaging market will grow exponentially during the forecast period. With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe diagnostic imaging market at a substantial CAGR during the forecast period.
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General Electric Company
Siemens Healthineers
Koninklijke Philips N.V.
KARL STORZ SE & Co. KG
FUJIFILM Holdings Corporation
Canon Inc.
Hologic, Inc.
Carestream Health Inc.
Stryker Corporation
Olympus Corporation
Europe Diagnostic Imaging Strategic Insights
Strategic insights for the Europe Diagnostic Imaging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Additionally, the expansion of portable diagnostic imaging devices, such as handheld ultrasound machines, offers the possibility of bringing imaging services to remote or underserved areas. This is particularly important in regions with limited access to traditional healthcare infrastructure. The ability to conduct diagnostic imaging in non-clinical settings opens new avenues for global health improvement, especially in developing countries.
Conclusion
Diagnostic imaging has undoubtedly revolutionized the healthcare landscape, playing a central role in diagnosing and managing various diseases, with cancer diagnosis being one of its most significant contributions. The integration of AI, the use of hybrid imaging techniques, and the development of portable diagnostic tools are transforming the way medical professionals approach patient care. As a result, the diagnostic imaging market is poised for exponential growth, with technological advancements paving the way for more efficient, accurate, and accessible diagnostic services.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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Author: switi patil
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor
