Germany Diagnostic Imaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Germany Diagnostic Imaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Germany diagnostic imaging market is expected to register a CAGR of 5.2% during the forecast period (2022-2027).

COVID-19 has brought several adverse impacts on imaging services. Hospitals, clinics, and diagnostic centers are unable to provide services due to lockdown situations and social distancing protocols in Germany. Moreover, the tremendous pressure on the hospitals for providing services to COVID-19 patients is also a factor that is leading to declining diagnostic imaging procedures in Germany. However, this impact is expected to last short-term and diagnostics imaging procedures. However, the adoption of imaging procedures for disease diagnostic increased the demand for diagnostic imaging in the country. In the article “Impact of the COVID 19 Pandemic on Radiological Imaging in Germany” published in December 2021 stated that an abrupt and severe transient reduction in imaging volume was linked to the COVID-19 pandemic but radiologic imaging examinations quickly recovered following the initial shutdown, slowly catching up to prior-year levels. This shows an increase in demand for diagnostic imaging in the country. Thus, the pandemic is anticipated to have a considerable impact on the market studied.

The major factors augmenting the growth of the diagnostic imaging market in Germany include an increase in the burden of chronic diseases coupled with increased adoption of advanced technologies in medical imaging and the rise in the geriatric population. For instance, according to estimates from the Global Cancer Observatory updated in March 2021, around 628,519 new cancer cases were identified in Germany in the prior year. Likewise, according to the article "German Heart Surgery Report 2020: The Annual Updated Registry of the German Society for Thoracic and Cardiovascular Surgery" published in June 2021 there were approximately 29,444 isolated coronary artery bypass grafting procedures, 35,469 isolated heart valve procedures, and 843 assist device implantations (including left/right/biventricular assist devices, total artificial devices) registered in Germany. According to the same source, the number of solitary heart transplants in Germany has surged to 340, a 2.1 percent increase over the previous year. Thus, such an increase in cases of chronic conditions increased the demand for imaging procedures for disease diagnostics. Thereby, driving market growth over the forecast period.

Moreover, the initiatives and investments by the public and private sectors are increasing in Germany in the diagnostic imaging segment for the advancement of the available technologies. For instance, In July 2022, the managing director at the Center for Prenatal Diagnosis and Human Genetics in Berlin, Germany recommended the newly launched premium ultrasound device with Voluson Expert 22 developed by GE Healthcare and this ultrasound equipment provides improved images thanks to graphics-based beamforming technology, a number of AI-powered capabilities, and shorter exam durations. Such developments are projected to boost the market growth in the country.

Therefore, owing to the aforementioned factors the market studied is anticipated to grow in Germany and witness growth over the forecast period. However, the side effects associated with diagnostic imaging procedures are expected to hinder the overall studied market growth in the future in Germany.

Key Market TrendsComputed Tomography is Expected to Hold Significant Market Share

The computed tomography (CT) market segment is anticipated to hold a significant market share. Factors such as the strong base of global companies working on the development of products, the increasing prevalence of chronic diseases, and the rising geriatric population in the country, which is more prone to several chronic disorders that require diagnosis by CT are expected to drive the market growth.

The research article “Adoption of large-scale medical equipment: the impact of competition in the German inpatient sector” published in November 2021 stated that CT scans are generally used for bones and small calcifications. In Germany road accidents and injuries are increasing recently. As per a press release by Federal Statistical Office (Destatis) in July 2022, nearly 35,100 were injured, in road traffic accidents in Germany, and this increased by +41% compared with May 2021. This increasing road traffic accident is expected to create demand for CT scans for diagnosis of bone damage or fractures, which is anticipated to fuel demand for CT scans, driving the segment to grow.

Furthermore, in November 2021, Siemens Healthineers, a Germany-based global health technology company launched Naeotom Alpha, the world’s first photon-counting CT scanner, with the system cleared for clinical use in the United States and Europe. Thus, the advancement in product technologies to address the challenges in CT imaging techniques is projected to boost the market growth in the country.

Therefore, owing to the factors mentioned above the segment is anticipated to witness growth over the forecast period.

Competitive Landscape

The market studied is consolidated in Germany owing to the presence of a few major players in the market. The market players are focusing on research and development to develop technologically advanced products in order to reduce the cost and side effects associated with the products. The barriers for the new entrants are high in this industry, and hence few major market players hold the maximum market share. Canon Medical Systems Corporation, Esaote SpA, Fujifilm Holdings, GE Healthcare, Hologic Inc,, Koning Corporation, Koninklijke Philips N.V., Shimadzu Corporation, and Siemens Healthineers AG are some of the major players in the market among others.

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