Content of the study:
The medical imaging market - France

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1.1 Presentation and definition of the medical imaging market

Medical imaging encompasses all techniques based on different physical phenomena (magnetic resonance, ultrasound wave reflection, radioactivity, X-ray absorption, etc.), enabling images to be taken of the inside of the human body. Medical imaging is mainly used to establish diagnoses, but can also be used to support treatment, particularly surgery.

The global medical imaging market is estimated to be worth $40.17 billion by 2022. This is a fast-growing market (+11% since 2020), which should continue to develop at a CAGR of 5.8% until it reaches $56.53 billion in 2028[Fortune Business Insights]. North America, Europe and Asia are the regions with the highest market share(89.1% between them).what's more, the market is highly concentrated in the hands of a few players, with just 4 companies (GE Healthcare, Siemens, Philips and Toshiba) holding over 75% of the market[World Bank]

The French market has been stable over the past decade. Although there are no French giants in the medical imaging sector, many French SMEs and start-ups, such as Echosens, are active in the field. aises, such as Echosens, Acteon, EOS Imaging, Guerbet and Pixyl, are doing well at all levels of the value chain, as well as internationally. What's more, GE Healthcare, the world leader in medical imaging, has a strong presence in France. The French medical imaging market has been growing strongly since 2021, rising from 2.123 billion euros in 2020 to 2.466 billion euros in July 2023, an increase of 16%. [INSEE]

The market is strongly impacted by innovation, particularly on the software side, with the development of big data and artificial intelligence. Numerous players are investing in this segment, including digital giants such as Alphabet (Google), through its subsidiary Deepmind.

The market trend is also towards technical innovation on devices, with machines that are increasingly powerful and feature new functions.

1.2 Global market

In ****, the global medical imaging market was valued at $**.** billion. Two years later, in ****, the global market size is estimated at $**.** billion, an increase of **% over the previous year. The market is expected to continue to grow at a CAGR of *.*%, reaching $**.** billion in **** .

Evolution of global medical imaging market size World, ...

1.3 Balance of trade

In order to analyze French foreign trade in medical imaging equipment, we will use the following CN* codes, which cover all such equipment:

********: electrocardiographs, ********: ultrasonic scanning diagnostic equipment (***), ********: magnetic resonance imaging diagnostic equipment, ********: scintigraphy equipment, ********: electrodiagnostic equipment for simultaneous monitoring of two or more physiological parameters, ********: other electrodiagnostic equipment for ...

1.4 The French market

The French medical imaging equipment manufacturing business is listed under NAF nomenclature code **.**Z: "Manufacture of medical irradiation equipment, electromedical and electrotherapeutic equipment"

This code includes :

The manufacture of irradiation equipment and tubes (***), i.e. X-ray equipment and equipment using alpha, beta or gamma radiation, manufacture of computer tomographs, the manufacture ...


2.1 Overview of the French hospital sector

In **** (***), there were *,*** healthcare establishments in France providing diagnosis, monitoring and treatment of patients, with a capacity of ***,*** full hospitalization beds and **,*** partial hospitalization places, compared with ***,*** and **,*** respectively in ****. These facilities differ in terms of legal status, size and mission. There are three types of legal status: public, private non-profit ...

2.2 Imaging equipment in healthcare establishments

Imaging equipment is a major component of healthcare facilities. Technical advances and the cost of new, more efficient equipment have led to a concentration and sharing of facilities. By ****, there will be *.* scanners per ***,*** inhabitants. However, there are significant geographical disparities, with the ratio ranging from *.* in Mayotte to *.Z in ...

2.3 Focus on MRI demand

French consultancy and research firm Cemka, specializing in Public Health, Health Economics and Epidemiology, released a study in ****, an extract of which focuses on MRI and its waiting times. There have been no new reports since, but this data gives an idea of the evolutions and challenges of MRI.

Between **** and ...

2.4 Socio-demographic factors driving market growth

Older people are the most likely to benefit from healthcare devices, and therefore from medical imaging devices. It is therefore interesting to look at the current and future demographics of the French population.

An aging population: already a reality...

Proportion of the French population aged ** or over France, ****-****, in % Source: ...


3.1 Value chain

Below is a simplified value chain for the medical imaging sector:

Source: ****

The medical imaging equipment manufacturing market in France is held by a handful of international players (***). For example, in ****, General Electric controlled **% of the medical imaging equipment supply market. [***]. Indeed, with very high R&D costs, as well as ...

3.2 French players

Although France has no medical imaging giants, a number of French players are making their mark on the market, at all levels of the value chain presented in the previous section. The following table presents some of these French companies:

The French ecosystem is essentially made up of SMEs.GE Healthcare, ...

3.3 The emergence of new distribution and operating models

There are many different models for distributing and operating medical imaging equipment. According to a study by Transverse and strategy consultancy Frost & Sullivan, two business models stand out[***]:

The MES model (***): this model is based on the sale of equipment, followed by a range of related services, such as management, procurement, ...


4.1 Diversity of medical imaging equipment

There are many different types of medical imaging technology, for a wide range of applications, the main ones of which are listed in the following table:

Source: ****

Below is a non-exhaustive list of the main types of medical imaging equipment:

Conventional and digital radiography Fluoroscopy CTscanner / Tomodensitometry / Scanography

MRI (***) Functional ...

4.2 Pricing of medical imaging equipment and procedures

Equipment prices

Prices for medical imaging equipment can vary widely, depending on the brand, features and modifications modifications made to the equipment, as well as the customer'scustomer requirements. However, SNITEM provides a price range for top-of-the-range equipment:

In addition to the cost of the equipment, there are installation costs. According to ...

4.3 Supply trends

The world of medical imaging is undergoing major changes as equipment technology improves and artificial intelligence develops.

Technological innovations by modality

Numerous technical advances are being made in each modality, notably in the finesse of equipment, which produces images that are increasingly precise, faster and less stressful for the patient.

All ...


5.1 Regulations for manufacturers and healthcare professionals

International Data Management Standard (***)

DICOM is an international standard governing the communication and management of medical imaging and related information. It governs the format of images, enabling them to be exchanged without loss of data. This standard applies to almost all medical imaging equipment, and was created in ****. [***]

European regulations

on ...

5.2 Future regulations

In the near future, particularly with the growing presence of AI in this sector (***), medical imaging could also be governed by :

ePrivacy Regulation, a European Union project aimed at strengthening citizens' online privacy by "governing all electronic communications on publicly available services and networks originating from individuals within the European Union"[***]. ...


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The medical imaging market - Italy

Publicado en 21/09/2023 by Francesco Bollazzi

Well done study with all the information I needed for my research!

Customer cases and references

Customer cases and references
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Boston Consulting Group

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Crédit Agricole, Information & Veille

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