Germany 3D Imaging Market Analysis

Germany 3D Imaging Market Analysis


$ 3999

Germany's 3D imaging market is projected to grow from $1.11 Bn in 2022 to $3.33 Bn by 2030, registering a CAGR of 14.7% during the forecast period of 2022-30. The market will be driven by technological advancements, an increase in the frequency of chronic diseases & rising demand for less invasive treatments. The market is segmented by product, application, by end-user & by portability. Some of the major players include Siemens Healthineers, Philips Healthcare & Carl Zeiss Meditec.

ID: IN10DEDH001 CATEGORY: Digital Health GEOGRAPHY: Germany AUTHOR: Vidhi Upadhyay

Buy Now

Germany 3D Imaging Market Executive Summary

Germany's 3D imaging market is projected to grow from $1.11 Bn in 2022 to $3.33 Bn by 2030, registering a CAGR of 14.7% during the forecast period of 2022-30. Germany has one of the highest healthcare spending as a percentage of Gross Domestic Product (GDP) among developed countries. Germany spent 12.8% of its GDP on healthcare in the year 2021 as compared to 11.7% in 2019. The government initiated the annual federal grant to the umbrella health fund and direct subsidies to fight the COVID–19 pandemic. According to Globocan 2020, the number of new cases of cancer was 6,28,519 with Breast cancer contributing to 11.1%, prostate cancer at 10.8%, and Lung cancer at 10.3% of the same.

The 3D imaging market in Germany is a rapidly expanding business with great development potential. Germany is one of Europe's major markets for imaging equipment, and demand for 3D imaging systems such as CT scans and MRI scanners has increased in recent years. The German government has also made investments in healthcare, especially in the development of cutting-edge imaging technology. This has resulted in the emergence of local firms specializing in the development and manufacture of 3D imaging equipment, which has boosted the industry even more.

germany 3D imaging market analysis

Market Dynamics

Market Growth Drivers

The 3D imaging market in Germany is expanding due to a variety of factors such as technological improvements, an increase in the frequency of chronic diseases, rising demand for less invasive treatments, government support for the growth of increasingly advanced and precise 3D imaging technologies aids in the detection and treatment of illnesses such as cancer, cardiovascular disease, and neurological disorders. The German government has aggressively supported the healthcare industry, which has resulted in increased investment in the development of 3D imaging technologies. Demand for 3D imaging devices that can offer comprehensive pictures of biological tissues and structures. These factors are projected to drive the future growth of the 3D imaging market in Germany.

Market Restraints

3D imaging technologies are frequently more expensive than standard imaging systems, making them less accessible to some healthcare practitioners and patients. The lack of market standardization makes it difficult for healthcare practitioners to pick between different systems. Reimbursement regulations for 3D imaging systems can also be tight, restricting investment in these technologies. Furthermore, there is a scarcity of skilled staff who can run and maintain these devices. Data privacy issues may make some healthcare practitioners and patients hesitant to utilize 3D imaging technologies. These factors are projected to limit the growth of the 3D imaging market in Germany in the future.

Competitive Landscape

Key Players

  • Siemens Healthineers
  • Philips Healthcare
  • GE Healthcare
  • Hitachi Medical Systems
  • Toshiba Medical Systems
  • Carl Zeiss Meditec (DEU)
  • Barco (DEU)

Notable Deals

  1. In February 2023, Philips joined the European Federation for Cancer Images (EUCAIM) to enhance precision medicine for cancer patients in Europe
  2. July 2022, Siemens Healthineers at the European Congress of Radiology (ECR) in Vienna, unveiled its most economical X-ray equipment to date. The system is intended to provide more access to care

Healthcare Policies and Regulatory Landscape

The Federal Institute for Drugs and Medical Devices (BfArM) is Germany's healthcare and medical device regulating organization. This organization is in charge of ensuring that medical products, particularly 3D imaging systems, satisfy the safety, quality, and performance criteria. Medical devices in Germany are governed by the Medical Equipment Act (MPG) and the Medical Devices Regulation (MDR), which are intended to assure the safety and performance of medical devices such as 3D imaging systems.

There are additional European Union (EU) rules that apply to medical devices, such as the Medical Devices Directive (MDD) and the In Vitro Diagnostic Devices Regulation (IVDR). These laws seek to standardize medical device regulation across the EU.

Reimbursement Scenario

In Germany, reimbursement for 3D imaging is mostly supplied through the statutory health insurance system. This system serves the majority of the population and is supported by employee, employer, and government payments. If 3D imaging operations are considered medically essential and match the standards stipulated by the statutory health insurance funds, they are compensated. This might include factors linked to the patient's health, the availability of alternative therapies, and the procedure's clinical and cost-effectiveness.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Germany 3D Imaging Market Segmentation

By Product (Revenue, USD Billion):

The 3D Imaging Market is divided majorly into X-ray Imaging Systems, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound & Nuclear Imaging Systems. X-ray Imaging systems have the highest market share in the 3D Imaging market. 3D X- rays are mostly utilized for dental and orthopedic applications. 3D Ultrasound is majorly helpful in tracking the dynamic motion of arteries, and veins and also has applications for various fetal, cardiac, obstetric, and rectal examinations, and many more. The ultrasound segment is predicted to develop substantially over the forecast period, primarily to the advancements in technology in the healthcare industry and the several advantages given by 3D ultrasound imaging over standard ultrasound imaging.

  • X-ray Imaging Systems
  • Computed Tomography (CT)
  • Magnetic Resonance Imaging (MRI)
  • Ultrasound
  • Nuclear Imaging systems

By Application (Revenue, USD Billion):

The market for 3D Imaging has applications covering Cardiology, Neurology, Orthopaedics, Gynaecology, Oncology, and other areas of diagnostics as well. Cardiovascular diseases are the leading cause of death globally. The second biggest cause is cancers because of which Oncology holds the highest market share in the 3D Imaging market followed by cardiology as 3D imaging is highly utilized in these two segments for diagnostics and treatments of the same. Neurosurgeons desire three-dimensional (3D) imagery of intracranial tumors, neural structures, skulls, and veins to establish a clear visual image of the surgical field's anatomical orientation prior to surgical intervention aiding better surgical outcomes for patients. Obstetricians employ 3D ultrasound scans to see the gestational sac, pinpoint the location of an ectopic pregnancy, and evaluate for fetal deformities of the face, spine, limbs, and heart. 3D Imaging applications for gynecology are yet in evolving stage and have a great scope for expansion allowing feasible and quick patient care.

  • Cardiology
  • Neurology
  • Orthopedics
  • Gynecology
  • Oncology
  • Others (Urology, etc.)

By End User (Revenue, USD Billion):

Hospitals, Diagnostic Imaging Centers, and other end-user such as private clinics make up the segments of the 3D Imaging Market. The hospitals among these hold the biggest market share due to the increased uptake of cutting-edge medical technology, the expansion of existing 3D Imaging facilities, the rising affordability of 3D Imaging services, the rising prevalence of chronic conditions such as cardiovascular diseases, cancers, respiratory diseases which lead to rising in demand for precise and quick diagnostic and treatment options. Diagnostic Imaging Centers have also been deploying 3D Imaging equipment to improve their standard of care.

  • Hospitals
  • Diagnostic Imaging Centers
  • Other End Users

By Portability (Revenue, USD Billion):

The 3D Imaging market is divided into two segments Stationary & Mobile, considering the portability of the device. Stationary 3D imaging involves equipment that is installed at a particular location and is operated from the same location of installment whereas mobile ones can be relatively smaller in size and hence moved to the patients who are unable to locate the Imaging room. Mobile MRI, Ultrasound, X–ray & CT allow cutting-edge healthcare to be delivered to nearly any location and are yet in the developing stages of expansion.

  • Stationary
  • Mobile

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 08 December 2023
Updated by: Vidhi Upadhyay

Related reports (by category)


Related reports (by geography)


subscribe to our newsletter
up