Market Size of Europe Fluoroscopy Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 1.38 Billion |
Market Size (2029) | USD 1.66 Billion |
CAGR (2024 - 2029) | 3.73 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Fluoroscopy Market Analysis
The Europe Fluoroscopy Market size is estimated at USD 1.38 billion in 2024, and is expected to reach USD 1.66 billion by 2029, growing at a CAGR of 3.73% during the forecast period (2024-2029).
The major factors for the growth of the fluoroscopy devices market in Europe include the rising demand for minimally-invasive surgeries, growing geriatric population, prevalence of chronic diseases, and increasing use of fluoroscopy in pain management.
Medical imaging has applications at various stages in patient management processes, such as diagnosis, staging, therapy delivery, and its follow-ups. The primary role for imaging has been diagnostics, but it is increasing slowly for interventional diagnostics and therapeutic uses that are driven by minimally-invasive procedures. Fluoroscopy presents real-time moving images for diagnostic evaluation of soft and hard tissue conditions. It is an indispensable tool for many interventional medical procedures. The fluoroscopy market is anticipated to register a significant growth, with increasing number of minimally-invasive surgeries that are of high-precision, including the devices used, resulting in better support for both patients and surgeons. The growing preference for minimally-invasive procedures is due to benefits, such as lower risk of complications, reduced cost, and lesser recuperation period, less pain, small incisions, and less scarring, which have contributed to the growth of the market. The use of fluoroscopy in pain management is expected to supplement the growth of the market.
Europe Fluoroscopy Industry Segmentation
As per the scope of the report, fluoroscopy refers to an imaging technique that uses X-rays to produce real-time images of internal organs. Unlike X-ray images, which are fixed still images on film, the fluoroscopy produces live moving pictures of internal organs, which can be viewed by the naked eye on a digital monitor. A typical fluoroscope has four components, which include X-ray source, X-ray image intensifier, imaging system, and a work station. A C-arm is an X-ray image intensifier. It is a C-shaped metal arm that has X-ray source fixed on its one end and an X-ray image intensifier fixed on the other end. The market is segmented by device type, application, and geography.
In the report, a detailed analysis of the fluoroscopy market in Europe is provided. The market is evaluated by collating revenues generated across segments, categorized by Device Type, Application, and Geography
By Device Type | ||||
Fixed Fluoroscopes | ||||
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By Application | |
Orthopedic | |
Cardiovascular | |
Pain Management and Trauma | |
Neurology | |
Gastrointestinal | |
Urology | |
General Surgery | |
Other Applications |
Geography | ||||||||
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Europe Fluoroscopy Market Size Summary
The Europe fluoroscopy market is poised for steady growth, driven by several key factors including the increasing demand for minimally-invasive surgeries and the rising geriatric population. The prevalence of chronic diseases and the expanding use of fluoroscopy in pain management further bolster this market's expansion. Fluoroscopy, which provides real-time moving images, plays a crucial role in diagnostic evaluations and is becoming increasingly important in interventional diagnostics and therapeutic applications. This shift is largely attributed to the benefits of minimally-invasive procedures, such as reduced complications, lower costs, and quicker recovery times, which enhance patient and surgeon experiences. The market's growth is also supported by advancements in medical imaging technologies that facilitate early diagnosis and treatment, particularly in cardiovascular diseases.
The competitive landscape of the European fluoroscopy market is characterized by the presence of major global players, many of whom have their headquarters in Europe, ensuring widespread accessibility of fluoroscopy devices. Companies like Canon Medical Systems Corporation, Hitachi Medical Systems, Koninklijke Philips NV, Siemens Healthineers, and GE Healthcare are key contributors to the market's dynamics. As the incidence of cardiovascular diseases continues to rise, the demand for early diagnostic techniques such as fluoroscopy is expected to increase, further driving market growth. The market's expansion is also supported by the ongoing advancements in fluoroscopy technology, which enhance the precision and effectiveness of medical procedures across the region.
Europe Fluoroscopy Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Demand for Minimally-invasive Surgeries
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1.2.2 Growing Geriatric Population and Prevalence of Chronic Diseases
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1.2.3 Increasing Use of Fluoroscopy in Pain Management
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1.3 Market Restraints
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1.3.1 Side Effects and Radiation Exposure
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1.3.2 Rising Adoption of Refurbished Systems
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Device Type
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2.1.1 Fixed Fluoroscopes
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2.1.2 Mobile Fluoroscopes
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2.1.2.1 Full-size Fluoroscopes
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2.1.2.2 Mini Fluoroscopes
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2.2 By Application
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2.2.1 Orthopedic
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2.2.2 Cardiovascular
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2.2.3 Pain Management and Trauma
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2.2.4 Neurology
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2.2.5 Gastrointestinal
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2.2.6 Urology
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2.2.7 General Surgery
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2.2.8 Other Applications
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2.3 Geography
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2.3.1 Europe
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2.3.1.1 Germany
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2.3.1.2 United Kingdom
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2.3.1.3 France
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2.3.1.4 Italy
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2.3.1.5 Spain
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2.3.1.6 Rest of Europe
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Europe Fluoroscopy Market Size FAQs
How big is the Europe Fluoroscopy Market?
The Europe Fluoroscopy Market size is expected to reach USD 1.38 billion in 2024 and grow at a CAGR of 3.73% to reach USD 1.66 billion by 2029.
What is the current Europe Fluoroscopy Market size?
In 2024, the Europe Fluoroscopy Market size is expected to reach USD 1.38 billion.