Market Trends of France Diagnostic Imaging Industry
This section covers the major market trends shaping the France Diagnostic Imaging Equipment Market according to our research experts:
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.
