The medical imaging market - Italy

The global diagnostic imaging market has seen substantial growth, with a notable increase across different regions and technological categories. In the years starting from 2020, a trend of increased imports of medical imaging equipment is evident in Italy, indicating a rising dependence on foreign technology. Particularly, Germany is a significant exporter to Italy. Moreover, growth is also identified in exports, particularly for X-ray equipment, with a diverse set of trading partners. Italy's healthcare infrastructure encompasses a range of facilities where private accredited institutions prevail in certain care types. Diagnostic imaging services across the nation are largely provided by specialist outpatient care facilities, and there is a blend of technological modalities in use, including nuclear medicine and diagnostic radiology. The equipment distribution among regions shows Lombardy, Latium, and Campania having the highest numbers. Demographic data suggest an aging population with a median age inclined towards the elderly, which, along with variable household incomes, affects the demand for diagnostic imaging. The market itself is characterized by a small number of dominant international players, given high entry costs and significant R&D involvement, with a complex value chain that includes equipment manufacturing, maintenance, and data processing software. Despite a small dip in 2021, the sector's companies and employment have been on the rise.

Diagnostic Imaging Market Trends in Italy: Harnessing Technology for Advanced Patient Care

As we delve into the Italian diagnostic imaging market, we encounter a health care landscape profoundly influenced by technological advancements and a robust demand for high-quality imaging services. Key to the market's dynamics is the interplay between aging demographics, economic capacity, and the integration of cutting-edge technologies such as artificial intelligence (AI) in imaging techniques like Computer Vision (CV). In Italy, the diagnostic imaging sector has been on a significant upward trajectory. Between 2017 and 2021, there was considerable growth of approximately 30 percent in industry turnover. This surge is indicative of heightened interest and investment, with a current market poised for further expansion. The incorporation of AI in radiology, particularly in anomaly detection and classification, heralds a new era of precision and efficiency in diagnostic procedures. On a global scale, the diagnostic imaging market is projected to soar to between $50 and $55 billion by 2028, reflecting a compound annual growth rate of about 5 to 6 percent from 2022 onwards. This growth is partly fueled by the increasing prevalence of chronic diseases, which necessitates early and accurate detection, and is further bolstered by developing economies with large populations and an escalating need for sophisticated health care solutions. In Italy, there's a distinct concentration in the northern regions where the bulk of health care facilities are located, such as in Lombardy, Piedmont, and Veneto. These regions house the largest number of health care facilities, correlating with the demand for diagnostic imaging services. For instance, over 2 million nuclear medicine and more than 50 million diagnostic radiology tests were conducted in 2021 alone, with a considerable proportion of these procedures taking place in the aforementioned regions. Furthermore, Italy's demographic profile plays a significant role in shaping the diagnostic imaging market. With a population of about 59 million, of which more than 5 million are foreign nationals, the country grapples with an aging population that increasingly requires medical imaging services. Moreover, with an average household income ranging between €19,000 and €54,000, many Italians allocate a portion of their resources to private health care due to the high costs associated with private diagnostic imaging. Health care expenditure also points to the substantial financial investment in maintaining well-being, with a 4.7 percent rise in health care spending witnessed in 2022. Chronic conditions like cardiovascular diseases and diabetes are prevalent, leading many Italians to seek frequent diagnoses, a significant percentage of which.

Key Players Shaping the Diagnostic Imaging Landscape

In the world of diagnostic imaging, several key players have cemented their position as leaders shaping the industry through innovation, technology, and services. These companies have consistently demonstrated the capacity to deliver advanced imaging solutions that cater to the evolving needs of healthcare professionals and patients alike. Let's delve into the highlights of these market giants:

General Electric (GE) Healthcare: A subsidiary of General Electric, GE Healthcare is known for its extensive range of medical imaging products. With a significant focus on research and development, GE Healthcare delivers cutting-edge technology in CT, MRI, and ultrasound systems, making it a go-to choice for many healthcare institutions.

Siemens Healthineers: As part of the Siemens AG group, Siemens Healthineers boasts a vast portfolio that covers not only diagnostic imaging apparatus but also laboratory diagnostics and advanced therapies. Their innovative imaging systems are designed to enhance clinical outcomes and streamline operations in medical facilities worldwide.

Philips Healthcare: A section of Royal Philips, Philips Healthcare has made a mark with its patient-centered approach to medical technology. This includes a broad array of diagnostic imaging solutions such as MRI, X-ray, and ultrasound devices. Philips emphasizes creating tools that improve the quality of care and patient experience.

Canon Medical Systems: Formerly known as Toshiba Medical Systems, Canon Medical Systems continues to push the boundaries of medical imaging with its cutting-edge CT and MRI machinery. Their commitment to patient safety and high-quality imaging makes them a preferred choice for diagnostic centers.

Hitachi Medical Corporation: Hitachi's expertise in medical electronics translates into their development of reliable ultrasound and MRI systems. With a dedication to precision and efficiency, Hitachi Medical Corporation's technology facilitates enhanced diagnostic capabilities.

Fujifilm Holdings Corporation: Long-standing in the imaging field, Fujifilm's expansion into healthcare leverages their expertise in image processing. They offer a broad spectrum of diagnostic imaging products, renowned for their innovative design and user-friendly interfaces.

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 04/04/2023

Summary and extracts

List of charts

• Global diagnostic imaging market value
• Evolution Turnover of the Diagnostic Imaging Market
• Evolution of Turnover and Value of Production Electromedical Equipment in Italy
• Evolution Imports of Medical Imaging Equipment, by type of technology used
• Evolution Exports of Medical Imaging Equipment, by Type of Technology Used
• Evolution of number of hospitals in Italy
• "Which of the following diagnostic imaging tests have you undergone in your life?"
• Italian population by age group
• Average annual household income by number of members
• Average monthly household expenditure item in "Health"
• People by health conditions and presence of some chronic diseases
• Number of enterprises active in the manufacture of irradiation instruments, electromedical and electrotherapeutic equipment
• Number of employees enterprises active in the manufacture of irradiation instruments, electromedical and electrotherapeutic equipment
• Legal form enterprises engaged in the manufacture of irradiation instruments, electromedical and electrotherapeutic equipment
• Evolution Number of Firms and Employees
• Breakdown of enterprises by legal form
• Evolution Number of clinical testing laboratories, X-ray laboratories and other diagnostic imaging centers
• Legal form clinical testing laboratories, X-ray laboratories and other diagnostic imaging centers