Market Research Report
Germany Diagnostic Imaging Market - Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||925212|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Germany Diagnostic Imaging Market - Growth, Trends, and Forecast (2020 - 2025)|
|Published: February 1, 2020||Content info: 120 Pages||
The major factors augmenting the growth of the diagnostic imaging market include the rise in the prevalence of chronic diseases, increased adoption of advanced technologies in medical imaging, and rise in the geriatric population.
According to the data from the World Health Organization, 37% of deaths in Germany were due to cardiovascular diseases in the year 2017. In the same year, 26% of total deaths were occurred due to various cancers whereas, chronic respiratory diseases caused 6% of total deaths in 2017. These statistics indicate the chronic diseases are having a larger contribution to the mortality rate of the German population. Therefore, there is a rising need to deal with these diseases by preventing them. Hence, the market for diagnostic imaging is largely driven by the growing chronic diseases and the mortality associated with the same.
Added to that, the geriatric population in the country is also on the rise. For instance, during the year 2017, around 22% of the total population in Germany was aged above 65 years and 6% were aged above 80 years. A large number of the aged population indicate the burden of diseases associated with aging.
Neurology to Witness Fastest Growth in Application Segment
The diagnostic imaging equipment is widely being used in neuroscience research. It provides morphological images with the highest spatial resolution and unmatched soft tissue contrast, as well as the unique functional information of the central nervous system (CNS). About 97% of MRI sites perform the brain examinations and 1 in 4 MRI scans is of the brain, making it one of the most commonly performed exams in neurology.
Neurological uses of MRI systems include the diagnosis of brain and spinal cord tumors, infection, and vascular irregularities, which may lead to stroke. MRI can also detect the disorders, along with performing the monitoring of degenerative disorders, like multiple sclerosis, and it can even document brain injury from trauma.
The Neurological applications of diagnostic imaging are gaining attraction in the German market due to the rising focus of the healthcare industry for a reduction in neurological diseases. In Germany, the overall prevalence rate of epilepsy is estimated to be around 2% whereas the incidence of epilepsy is around 4.8 cases per 1000 males and 3.7 cases per 1000 females. Furthermore, people suffering from Parkinson's Disease in Germany are around 260,000, as per the Europe Brain Council.
There is an increasing need for health education campaigns and initiatives, to increase societal and professional awareness of public health aspects of neurological disorders in Germany. Hence, due to the increasing prevalence of neurological diseases in Germany, the usage of diagnostic imaging is increasing, which, in turn, is helping in the growth of the market studied.
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 R&D to develop the 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.