Industry Statistics and Trends
Electromedical & Imaging Equipment Manufacturing in Europe key trends
Emerging export markets boost manufacturers’ revenue.
A reliance on foreign trade means changes in the value of the euro play a huge role in determining revenue, but strong healthcare spending in China, India and Brazil is supporting exports.
Shifting demographics drive revenue growth.
The European population is ageing, inflating the number of people likely to require healthcare or assistance through devices like hearing aids. Growing health awareness is also propelling demand for diagnostic checks.
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Electromedical & Imaging Equipment Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Electromedical & Imaging Equipment Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 4.2 % over the past five years, to reach an estimated €37.9bn in 2024.
Trends and Insights
The importance of electromedical and imaging equipment in the healthcare sector sustains high demand
- Manufacturers produce high-tech equipment vital for diagnosing and treating patients with serious health issues. Doctors rely on this equipment (X-ray machines, magnetic resonance scanners and ultrasound machines) to make speedy and accurate diagnoses.
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Electromedical & Imaging Equipment Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Ageing populations more prone to health risks propel demand for electromedical equipment
- Current demographic trends will continue to drive revenue growth, with the continued ageing of Europe’s population having an ever-increasing impact on the industry.
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Revenue
€37.9bn
Employees
95,182
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Electromedical & Imaging Equipment Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Siemens Healthineers AG | 23,369.7 | 1,727.4 | 7.4 | |
GE HealthCare Technologies Inc | 10,657.6 | 1,943.2 | 18.2 | |
Canon Medical Systems Corporation | 24,843.2 | 2,183.4 | 8.8 |
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Electromedical & Imaging Equipment Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Electromedical & Imaging Equipment Manufacturing industry in Europe in 2024?
The market size of the Electromedical & Imaging Equipment Manufacturing industry in Europe is €37.9bn in 2024.
How many businesses are there in the Electromedical & Imaging Equipment Manufacturing in Europe industry in 2024?
There are 2,869 businesses in the Electromedical & Imaging Equipment Manufacturing industry in Europe, which has grown at a CAGR of 0.2 % between 2019 and 2024.
Has the Electromedical & Imaging Equipment Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Electromedical & Imaging Equipment Manufacturing industry in Europe has been declining at a CAGR of 4.2 % between 2019 and 2024.
What is the forecast growth of the Electromedical & Imaging Equipment Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Electromedical & Imaging Equipment Manufacturing industry in Europe is expected to grow.
What does the Electromedical & Imaging Equipment Manufacturing in Europe include?
Electrodiagnostic apparatus and equipment and X-ray apparatus and equipment are part of the Electromedical & Imaging Equipment Manufacturing industry.
Which countries have the most businesses in the Electromedical & Imaging Equipment Manufacturing industry in Europe?
The European country with the most businesses in the Electromedical & Imaging Equipment Manufacturing industry is Russia.
How competitive is the Electromedical & Imaging Equipment Manufacturing industry in Europe?
The level of competition is moderate and increasing in the Electromedical & Imaging Equipment Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Electromedical & Imaging Equipment Manufacturing in Luxembourg
- Electromedical & Imaging Equipment Manufacturing in Russia
- Electromedical & Imaging Equipment Manufacturing in Slovakia
- Electromedical & Imaging Equipment Manufacturing in Switzerland
- Electromedical & Imaging Equipment Manufacturing in Poland
- Electromedical & Imaging Equipment Manufacturing in Slovenia
- Electromedical & Imaging Equipment Manufacturing in Bulgaria
- Electromedical & Imaging Equipment Manufacturing in Iceland
- Electromedical & Imaging Equipment Manufacturing in Austria
- Electromedical & Imaging Equipment Manufacturing in France
- Electromedical & Imaging Equipment Manufacturing in Lithuania
- Electromedical & Imaging Equipment Manufacturing in the Netherlands
- Electromedical & Imaging Equipment Manufacturing in Belgium
- Electromedical & Imaging Equipment Manufacturing in Italy
- Electromedical & Imaging Equipment Manufacturing in Denmark
- Electromedical & Imaging Equipment Manufacturing in Latvia
- Electromedical & Imaging Equipment Manufacturing in Bosnia & Herzegovina
- Electromedical & Imaging Equipment Manufacturing in the UK
- Electromedical & Imaging Equipment Manufacturing in Germany
- Electromedical & Imaging Equipment Manufacturing in Spain
- Electromedical & Imaging Equipment Manufacturing in Portugal
- Electromedical & Imaging Equipment Manufacturing in Serbia
- Electromedical & Imaging Equipment Manufacturing in Czechia
- Electromedical & Imaging Equipment Manufacturing in Sweden
- Electromedical & Imaging Equipment Manufacturing in Turkey
- Electromedical & Imaging Equipment Manufacturing in Ireland
- Electromedical & Imaging Equipment Manufacturing in Estonia
- Electromedical & Imaging Equipment Manufacturing in Europe
- Electromedical & Imaging Equipment Manufacturing in Greece
- Electromedical & Imaging Equipment Manufacturing in Romania
- Electromedical & Imaging Equipment Manufacturing in Norway
- Electromedical & Imaging Equipment Manufacturing in Hungary
- Electromedical & Imaging Equipment Manufacturing in the UK
- Electromedical & Imaging Equipment Manufacturing in Germany
- Electromedical & Imaging Equipment Manufacturing in Finland
- Electromedical & Imaging Equipment Manufacturing in Croatia
Table of Contents
About this industry
Industry definition
Manufacturers in this industry make irradiation, electromedical and electrotherapeutic equipment. Among other activities, the industry includes the manufacture of medical equipment such as pacemakers and hearing aids. Products are used in the medical profession, for food irradiation and for security scanning at airports and stadiums.
Related Terms
X-RAYRADIATIONENDOSCOPERADIOTHERAPYMAGNETIC RESONANCE IMAGING (MRI)BRACHYTHERAPYWhat's included in this industry?
Electrodiagnostic apparatus and equipmentX-ray apparatus and equipmentX-ray tubes and parts for X-ray equipmentHearing aidsPacemakersCompanies
Siemens Healthineers AGGE HealthCare Technologies IncCanon Medical Systems CorporationIndustry Code
266 - Manufacture of irradiation, electromedical and electrotherapeutic equipment in Europe
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Performance
Key Takeaways
The importance of electromedical and imaging equipment in the healthcare sector sustains high demand
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Electromedical & Imaging Equipment Manufacturing in Europe industry (2011 -2029)
- Employees in the Electromedical & Imaging Equipment Manufacturing in Europe industry (2011 -2029)
- Business in the Electromedical & Imaging Equipment Manufacturing in Europe industry (2011 -2029)
- Profit in the Electromedical & Imaging Equipment Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Electromedical & Imaging Equipment Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Electromedical & Imaging Equipment Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Electromedical & Imaging Equipment Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Electromedical & Imaging Equipment Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
The importance of early diagnoses drives demand for X-ray devices. While capped funding for health services limits demand, greater European health awareness has more people seeking medical support.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Electromedical & Imaging Equipment Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Electromedical & Imaging Equipment Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Electromedical & Imaging Equipment Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
High R&D budgets keep the bigger manufacturers on top. Europe’s largest electromedical and imaging equipment manufacturers have the resources to invest in more R&D, while smaller manufacturers usually specialise in one or two products.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 9 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Siemens Healthineers AG
- Countries of operation for GE HealthCare Technologies Inc
- Countries of operation for Canon Medical Systems Corporation
- Countries of operation for Elekta AB
- Countries of operation for Hologic Inc
- Countries of operation for Bracco SpA
- Countries of operation for Guerbet SA
- Countries of operation for OSI Systems Inc
- Countries of operation for FUJIFILM Holdings Corporation
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must abide by the Electromagnetic Compatibility and Radiation Protection Act. Regulations limit the electromagnetic emissions of equipment and necessitate equipment evaluations. The Radiation Protection Act contains measures for radon mitigation. Large medical-technical devices need to be approved.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Electromedical & Imaging Equipment Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Staff need high-level technical knowledge. The salaries of electrical engineers, computer scientists and mechanical engineers are high to keep pace with technological advances and the level of specialisation needed to manufacture electromedical and imaging equipment.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Electromedical & Imaging Equipment Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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