The France diagnostic imaging market is anticipated to register a CAGR of 5.1% during the forecast period.
The COVID-19 pandemic had a significant impact on the market studied. As per the survey conducted by the National Institute of Health in July 2020, it was observed that during the study period, around 108,959 CT chests, including 56,110 CT scans, were performed. Furthermore, the data suggested that CT-COVID activities were impacted by the radiologic structure's characteristics: university hospitals were first to be affected, followed by general hospitals and private radiology centers, and then other types of diagnostic imaging modalities were affected during the pandemic. The data shows that the number of CT scans performed in the country was higher during the pandemic, which was the fueling factor for the market studied in France. However, currently, the market studied has reached its pre-pandemic nature in terms of diagnostic imaging procedures performed and is expected to witness strong growth in the coming years.
Certain factors that are driving the market's growth include the rising prevalence of chronic diseases, the growing adoption of advanced technologies in medical imaging, and an increase in the geriatric population.
The geriatric population is more susceptible to chronic diseases. According to the data from the National Institute of Statistics and Economic Studies published in January 2022, around 6.1% of the French population was aged between 60 and 64, whereas between 65 and 69, it was around 5.75%. The data suggested that the aging population will reach around 16.094 million (24.1%) by the year 2030. Therefore, as the number of the elderly population is expected to increase in the near future and this population is more susceptible to chronic conditions such as cardiovascular, musculoskeletal, and other diseases, this will have a positive impact on the market and will help to increase diagnostic procedures in the management of the disease.
Furthermore, the emergence of automated diagnostic imaging scanners and ongoing R&D development in diagnostic imaging are also expected to propel market growth. Thus, owing to the above-mentioned factors, it is expected to show significant growth over the forecast period.
Furthermore, the technological advancements, the launch of new MRI systems in the country, and the new developments and installations are expected to complement market growth. For instance, in October 2021, the Magnetom 11.7T MRI system, one of the most powerful MRI systems, was installed at NeuroSpin at CEA-Paris-Saclay in the Frédéric Joliot Institute for Life Sciences, France, by Siemens Healthineers.
Additionally, several market players are working on strategic initiatives to introduce new advanced technologies, which is driving market expansion. For instance, in March 2021, Hitachi launched two new permanent open MRI systems for all European countries at the start of the 2021 European Congress of Radiology. The APERTO Lucent Plus Open MRI provides high-speed exams with motion-free images and easy sitting and operation for a fast return of images. It boasts an open design that maximizes patient comfort.
Hence, with the launch of MRI devices in the country, the market studied is expected to witness strong growth in the coming years.
The increasing geriatric population in the country is one of the major drivers of market growth. According to the France Country Health Profile 2021, published in September 2021 by the Organization for Economic Co-operation and Development, around 20.4% of the French population was above the age of 65 in the year 2020. Since the geriatric population is more susceptible to neurological disorders, a rise in the geriatric population is anticipated to drive market growth.
According to a National Institute of Health study published in March 2022, the number of patients hospitalized for stroke in France has increased among people under the age of 65.Further, the data suggested that stroke has become a common phenomenon among the young population across the country. This is majorly attributed to the sedentary lifestyle and lack of exercise among adults in the country. Hence, with the common occurrence of stroke in France, it is believed that the neurology segment will witness significant growth in the forecast period.
Also, a report from the Dijon Stroke Registry for France that came out in March 2022 says that the number of strokes in France will go up between 2030 and 2050, which will cause healthcare costs related to stroke to almost double by then.
According to a study from the National Institute of Health published in January 2022, traumatic brain injury is a major public health concern in France, affecting mostly young patients, victims of road traffic accidents, elderly patients, and victims of falls. Imaging devices such as MRIs and CT scans are key requirements for monitoring traumatic brain injuries; thus, such a scenario is expected to increase demand for the devices, thereby spurring market growth.
Therefore, with the increasing burden of neurological disorders and the rising geriatric population, the studied market is expected to grow significantly in France over the forecast period.
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The COVID-19 pandemic had a significant impact on the market studied. As per the survey conducted by the National Institute of Health in July 2020, it was observed that during the study period, around 108,959 CT chests, including 56,110 CT scans, were performed. Furthermore, the data suggested that CT-COVID activities were impacted by the radiologic structure's characteristics: university hospitals were first to be affected, followed by general hospitals and private radiology centers, and then other types of diagnostic imaging modalities were affected during the pandemic. The data shows that the number of CT scans performed in the country was higher during the pandemic, which was the fueling factor for the market studied in France. However, currently, the market studied has reached its pre-pandemic nature in terms of diagnostic imaging procedures performed and is expected to witness strong growth in the coming years.
Certain factors that are driving the market's growth include the rising prevalence of chronic diseases, the growing adoption of advanced technologies in medical imaging, and an increase in the geriatric population.
The geriatric population is more susceptible to chronic diseases. According to the data from the National Institute of Statistics and Economic Studies published in January 2022, around 6.1% of the French population was aged between 60 and 64, whereas between 65 and 69, it was around 5.75%. The data suggested that the aging population will reach around 16.094 million (24.1%) by the year 2030. Therefore, as the number of the elderly population is expected to increase in the near future and this population is more susceptible to chronic conditions such as cardiovascular, musculoskeletal, and other diseases, this will have a positive impact on the market and will help to increase diagnostic procedures in the management of the disease.
Furthermore, the emergence of automated diagnostic imaging scanners and ongoing R&D development in diagnostic imaging are also expected to propel market growth. Thus, owing to the above-mentioned factors, it is expected to show significant growth over the forecast period.
France Diagnostic Imaging Equipment Market Trends
MRI is Expected to Show a High Growth in the Coming Years
In magnetic resonance imaging (MRI), a strong magnetic field and very high-frequency radio waves are used to produce highly detailed images. MRI does not use x-rays and is generally considered very safe.The growth of the MRI segment in France is largely attributed to the new launches done by key companies and the strategic movements taken by the companies operating in the market.Furthermore, the technological advancements, the launch of new MRI systems in the country, and the new developments and installations are expected to complement market growth. For instance, in October 2021, the Magnetom 11.7T MRI system, one of the most powerful MRI systems, was installed at NeuroSpin at CEA-Paris-Saclay in the Frédéric Joliot Institute for Life Sciences, France, by Siemens Healthineers.
Additionally, several market players are working on strategic initiatives to introduce new advanced technologies, which is driving market expansion. For instance, in March 2021, Hitachi launched two new permanent open MRI systems for all European countries at the start of the 2021 European Congress of Radiology. The APERTO Lucent Plus Open MRI provides high-speed exams with motion-free images and easy sitting and operation for a fast return of images. It boasts an open design that maximizes patient comfort.
Hence, with the launch of MRI devices in the country, the market studied is expected to witness strong growth in the coming years.
The Neurology Segment is Believed to Witness a Strong Growth in Coming Years
Neurology is the branch of medicine that studies and treats conditions and diseases that affect the brain, spinal cord, and nerves outside of the brain and spinal cord.The increasing geriatric population in the country is one of the major drivers of market growth. According to the France Country Health Profile 2021, published in September 2021 by the Organization for Economic Co-operation and Development, around 20.4% of the French population was above the age of 65 in the year 2020. Since the geriatric population is more susceptible to neurological disorders, a rise in the geriatric population is anticipated to drive market growth.
According to a National Institute of Health study published in March 2022, the number of patients hospitalized for stroke in France has increased among people under the age of 65.Further, the data suggested that stroke has become a common phenomenon among the young population across the country. This is majorly attributed to the sedentary lifestyle and lack of exercise among adults in the country. Hence, with the common occurrence of stroke in France, it is believed that the neurology segment will witness significant growth in the forecast period.
Also, a report from the Dijon Stroke Registry for France that came out in March 2022 says that the number of strokes in France will go up between 2030 and 2050, which will cause healthcare costs related to stroke to almost double by then.
According to a study from the National Institute of Health published in January 2022, traumatic brain injury is a major public health concern in France, affecting mostly young patients, victims of road traffic accidents, elderly patients, and victims of falls. Imaging devices such as MRIs and CT scans are key requirements for monitoring traumatic brain injuries; thus, such a scenario is expected to increase demand for the devices, thereby spurring market growth.
Therefore, with the increasing burden of neurological disorders and the rising geriatric population, the studied market is expected to grow significantly in France over the forecast period.
France Diagnostic Imaging Equipment Market Competitor Analysis
The French diagnostic imaging market is moderately competitive owing to the presence of a few major players in the market. The market players are focusing on R&D to develop technologically advanced products in order to reduce the cost and side effects associated with the products. Some of the market players are Koninklijke Philips N.V., Siemens Healthineers, FUJIFILM Holdings Corporation, GE Healthcare, Hitachi Medical Systems, Canon Medical Systems Corporation, and others.Additional benefits of purchasing the report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Koninklijke Philips N.V.
- Siemens Healthineers
- FUJIFILM Holdings Corporation
- GE Healthcare
- Hitachi Medical Systems
- Canon Medical Systems Corporation
- Hologic Corporation
- Shimadzu Medical
- Carestream Health Inc.
- Esaote SpA
Methodology
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