Romania 3D Imaging Market Analysis

Romania 3D Imaging Market Analysis


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Romania's 3D imaging market is projected to grow from $0.09 Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. The market will be driven by the increasing rate of chronic illness and the rising demand for precise diagnosis and successful treatments. The market is segmented by product, application, end-user & portability. Some of the major players include GE Healthcare, Siemens Healthineers & Philips Healthcare.

ID: IN10RODH001 CATEGORY: Digital Health GEOGRAPHY: Romania AUTHOR: Vidhi Upadhyay

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Romania 3D Imaging Market Executive Summary

Romania's 3D imaging market is projected to grow from $0.09 Bn in 2022 to $xx Bn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. In Romania, the public sector dominates healthcare, owning the vast majority of hospitals and providing national health insurance to practically all Romanians. The cost of healthcare in Romania in 2021 was $16.7 billion, or $872.3 per person, and 5.9% of GDP, making it one of the lowest in Europe. Romania's population is growing older and shrinking. While the birth rate has decreased over time, the death rate has skyrocketed. In Romania, cardiovascular disease is the major cause of death, accounting for 57% of all fatalities. According to The Global Cancer Observatory 2020, out of a total population of 19.23 Mn, the number of new cases of cancer was 0.098 Mn with 0.054 Mn deaths registered in Romania.

In Romania, 3D Imaging technology has become a useful element in the medical industry, with a variety of uses for both diagnostic and therapeutic objectives. X-ray computed tomography (CT), magnetic resonance imaging (MRI), and ultrasound are imaging procedures that produce comprehensive pictures of inside organs, bones, and tissues to help in diagnosis. Radiation therapy and virtual surgery planning employ 3D Imaging to model treatments and procedures, allowing for greater precision and safety. 3D Imaging is utilized in dental and orthodontic imaging to build 3D models of teeth and jaws that help in the planning and direction of dental operations.

Market Dynamics

Market Growth Drivers

On July 1, 2022, the 50-54 age group accounted for the biggest share of the overall population (9.0%). The increasing geriatric population and the growing frequency of chronic illnesses have also raised the demand for 3D Imaging technologies. Advances in medical imaging technology have resulted in more advanced and accurate 3D medical imaging, leading to more exact diagnoses and successful treatments. Romania's increased investment in healthcare infrastructure has resulted in the growth of medical facilities, boosting the availability of 3D Imaging technology and services to patients and medical professionals. Government initiatives such as rising investments, regulatory support, and various public health programs have played a significant role in promoting the growth of the 3D Imaging market in Romania.

Market Restraints

The use of 3D Imaging may generate regulatory and ethical concerns about patient data privacy and security. Concerns about radiation exposure connected with various imaging procedures may also arise, necessitating stringent regulatory control and adherence to safety guidelines. Moreover, the limited availability of such high-end technologies in rural areas, lack of trained personnel, and high costs are setbacks that impact the utilization and availability of 3D Imaging technology.

Competitive Landscape

Key Players

  • GE Healthcare
  • Siemens Healthineers
  • Philips Healthcare
  • Canon Medical Systems
  • Fujifilm Holdings Corporation
  • Hitachi Healthcare
  • Sectra AB

Notable Deals

January 2023, Canon Medical Systems Corporation announced a Partnership with ScImage, Inc., as it plans to expand in image exchange solutions and the cardiac market.

November 2022, At RSNA, Philips introduces new AI-enhanced informatics solutions having an integrated diagnostic strategy that combines radiology, cardiology, pathology, and oncology to securely unify data and pictures throughout the organization, allowing for an earlier and more conclusive diagnosis

February 2022, FUJIFILM VisualSonics, a global producer of ultra-high-frequency (UHF) ultrasound imaging systems, collaborated with PIUR IMAGING, the European leader in tomographic ultrasound imaging, to deliver UHF, three-dimensional (3D) ultrasound imaging technology to physicians and researchers. This technical innovation aids clinical research in the evaluation of defects in a variety of applications such as dermatology, neurology, vascular, and MSK.

Healthcare Policies and Regulatory Landscape

The Ministry of Health is in charge of establishing and executing policies and initiatives aimed at improving the quality of healthcare in Romania. To guarantee the safe and effective use of medical devices and technology, including 3D medical imaging, the ministry regulates their regulation and safety. Before being licensed for use in the medical field.

Reimbursement Scenario

The National Health Insurance Fund is in charge of paying and reimbursing medical services and treatments, including 3D Imaging technologies. This authority is crucial in ensuring that patients, regardless of financial means, have access to innovative medical care.

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

Romania 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.

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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

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

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

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Last updated on: 11 October 2023
Updated by: Ritu Baliya

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