Europe Medical Image Management Market to be Worth $2.01 Billion by 2030

Europe Medical Image Management Market by Product [PACS (Departmental, Enterprise) Delivery (On-Premise, Cloud-based) VNA (Delivery, Procurement, Vendor) AICA (Vendor), Universal Viewer] End User (Hospitals, Diagnostic Imaging Centres) - Forecast to 2030

Meticulous Research^®— a leading global market research company, published a research report titled, ‘Europe Medical Image Management Market by Product [PACS (Departmental, Enterprise) Delivery (On-Premise, Cloud-based) VNA (Delivery, Procurement, Vendor) AICA (Vendor), Universal Viewer] End User (Hospitals, Diagnostic Imaging Centers) - Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the Europe medical image management market is projected to reach $2.01 billion by 2030, at a CAGR of 6.9% during the forecast period. The growth of the Europe medical image management market is mainly attributed to the rising investments in medical imaging technologies, growing healthcare IT & EHR adoption, increasing demand for medical image management, and technical advancements in diagnostic imaging modalities. In addition, the penetration of artificial intelligence in medical imaging, the growing telehealth market in European countries, and rapidly increasing big data in the healthcare sector are expected to offer better growth opportunities for market expansion. However, budgetary constraints and a shortage of skilled radiologists are expected to restrain the growth of this market to some extent.

Key Players

The key players profiled in the Europe medical image management market are Novarad Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), INFINITT Healthcare Co., Ltd. (South Korea), Siemens Healthineers AG (Germany), Hyland Software, Inc. (U.S.), Agfa-Gevaert NV (Belgium), GE Healthcare Technologies, Inc. (U.S.), Mach7 Technologies (U.S.), BridgeHead Software Ltd. (U.K.), FUJIFILM Holdings Corporation (Japan), Sectra AB (Sweden), Change Healthcare Inc. (U.S.), and Merative (U.S.).

Europe Medical Image Management Market: Future Outlook

The Europe medical image management market is segmented by Product [Picture Archive Communication System (PACS) {PACS Market, by Type, Departmental PACS (Radiology, Mammography (Traditional Mammography PACS, Vendor Neutral Mammography PACS), Cardiology, Other Departmental PACS), Enterprise PACS}, PACS Market, by Delivery Model {On-Premise PACS, Web/Cloud-Based PACS}, Vendor Natural Archive (VNA) {VNA Market, by Delivery Model (On-Premise VNA, Hybrid VNA Web/Cloud-Based VNA), VNA Market, by Procurement Model {Enterprise VNA (Multi-Departmental VNA, Multi-Site VNA), Departmental VNA}, VNA Market, by Vendor Type (Independent Software Vendors, PACS Vendors, Infrastructure Vendors)}, Application-Independent Clinical Archives (AICA), By Vendor Type {VNA Vendors, Native AICA Vendors, Enterprise/Universal Viewer}, End User {Hospitals, Diagnostic Imaging Centers, and Other End Users}], and Country. The study also evaluates industry competitors and analyzes their market share at the country level.

Among all the product types studied in the report, in 2023, the Picture Archive Communication System (PACS) segment is expected to account for the largest share of the Europe medical image management market. The large market share of this segment is attributed to the increasing need for PACS in various departments, which in turn leads to the implementation of PACS. These departments include radiology, mammography, cardiology, dentistry, neurology, and pathology. PACS enhances the efficiency, accuracy, and accessibility of medical imaging, leading to improved patient care, cost savings, and better collaboration among healthcare professionals. Its adoption has become a standard in modern healthcare facilities, offering numerous advantages to both providers and patients.

Among all the end users studied in the report, in 2023, the hospitals segment is expected to account for the largest share of the Europe medical image management market. Factors contributing to the large market share of this segment include the expansion of hospitals and the increased number of partnerships between vendors and hospitals for the implantation of medical image management solutions.

Among all the countries studied in the report, in 2023, the U.K. is projected to register the highest CAGR over the forecast period. Factors such as increasing demand for health services, the rising government funding for EHR & advanced imaging technologies, and the increasing number of healthcare facilities adopting PACS, VNA, and other solutions in their departments are driving the growth of the medical image management market in the U.K.

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Key questions answered in the report:

What are the high-growth market segments regarding product, end user, and country?
What was the historical market for medical image management solutions in Europe?
What are the market forecasts and estimates for 2023–2030?
What are the major drivers, restraints, challenges, and opportunities in the Europe medical image management market?
Who are the major players in the Europe medical image management market?
How is the competitive landscape, and who are the market leaders in the Europe medical image management market?
What are the recent developments in the Europe medical image management market?
What strategies are adopted by the major players in the Europe medical image management market?
What are the geographical trends and high growth countries?

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