Europe Medical Imaging Informatics Market

The Europe medical imaging informatics market is expected to grow from US$ 963.21 million in 2021 to US$ 1,367.77 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.

The market growth is attributed to the increase in the number of medical imaging procedures, surge in the geriatric population, and prevalence of chronic diseases. However, a lack of expertise in operating medical imaging informatics systems is expected to restrict the market growth during the forecast period.

According to Radiology Key—the clinical search engine, imaging informatics uses information technology (IT) to deliver efficient, accurate, and reliable medical imaging services across a healthcare network. Medical imaging informatics or radiology informatics is responsible for storing, managing, and accessing image-related information and data. Imaging informatics aims to improve patient care by better imaging data management and enhancing the accuracy and accessibility of the data. Medical imaging is broadly used in cardiology, surgery, obstetrics, and gynecology applications in the healthcare sector.

A rise in the number of medical imaging procedures performed globally propels the growth of the medical imaging informatics market. According to the National Health Service (NHS) England report, in 2018, ~42.7 million medical images were recorded in the country compared to 42.1 million images in 2017, which indicates an annual increase of 1.4%. As per the World Health Organization (WHO), ~3.6 billion diagnostic examinations are performed annually, and 350 million tests are performed on pediatric patients. In addition to the increase in diagnoses, a growing emphasis of governments on early diagnosis of medical conditions to lower the total healthcare costs is boosting the number of patients undergoing magnetic resonance imaging (MRI), computed tomography (CT), ultrasound, and X-ray scans globally, thereby driving the need for medical imaging informatics.

 

Europe Medical Imaging Informatics Market Revenue and Forecast to 2028 (US$ Million)

Europe Medical Imaging Informatics Market Segmentation

The Europe medical imaging informatics market is segmented into type, application, component, and country. Based on type, the market is segmented into digital radiography, ultrasound, MRI, CT, nuclear imaging, and mammography. Based on application, the market is categorized into hospitals, ambulatory healthcare settings, diagnostics and imaging centers, and others. Based on component, the market is segmented into software, hardware, and services. By country, the Europe medical imaging informatics market is segmented into Germany, Italy, Spain, France, the UK, and the Rest of Europe.

Agfa-Gevaert Group; Carestream Health; ESAOTE SPA; GENERAL ELECTRIC; Koninklijke Philips N.V.; Siemens Healthcare GmbH; Hologic, Inc.; Konica Minolta, Inc.; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; and FUJIFILM Holdings Corporation are a few major companies operating in the