Diagnostic Imaging Devices - Norway

In Norway, the Diagnostic Imaging Devices market market is expected to witness a significant increase in revenue.
It is projected to reach a staggering amount of US$198.80m in 2024.
Looking ahead, the market is anticipated to experience a steady growth rate with a compound annual growth rate (CAGR 2024-2029) of 2.52%.
This growth trajectory will lead to a market volume of approximately US$225.10m by 2029.
When comparing the global scenario, the United States is set to dominate the market with the highest revenue generation.
In 2024, the United States is expected to generate a remarkable revenue of US$11.93bn in the Diagnostic Imaging Devices market market.
Norway's diagnostic imaging device market is experiencing a surge in demand for advanced technology to support its high-quality healthcare system.

Definition:
The market covers diagnostic imaging devices such as X-ray systems, ultrasound systems, computed tomography scanners, Magnetic resonance imaging (MRT) systems, and related components.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Siemens Healthineers, General Electric, Philips, Fujifilm Holdings. Further information on the key players can be found in the Market Shares boxes.

X-ray systems
Computed tomography (CT) scanners
Magnetic resonance imaging (MRT) systems
Positron emission tomography (PET) scanners

Non-imaging diagnostics
In vitro diagnostics (IVD)

The Diagnostic Imaging Devices market in Norway is experiencing steady growth due to several factors. Customer preferences for advanced imaging technologies, increasing demand for early diagnosis and treatment, and favorable government initiatives are driving the market growth. Additionally, local special circumstances and underlying macroeconomic factors are also contributing to the development of the market. Customer preferences in Norway are shifting towards advanced imaging technologies that offer higher resolution and better diagnostic accuracy. Patients and healthcare professionals are increasingly demanding imaging devices that can provide detailed and accurate images for diagnosis and treatment planning. This preference for advanced imaging technologies is driving the demand for devices such as MRI scanners, CT scanners, and ultrasound systems. The market is also benefiting from the increasing demand for early diagnosis and treatment. With advancements in imaging technologies, healthcare providers are able to detect diseases at an early stage, leading to better patient outcomes. Early diagnosis allows for timely intervention and treatment, reducing the overall healthcare costs and improving patient satisfaction. This increasing emphasis on early diagnosis is driving the adoption of diagnostic imaging devices in Norway. Favorable government initiatives are also playing a significant role in the growth of the market. The Norwegian government has implemented several policies and programs to improve healthcare infrastructure and access to advanced medical technologies. These initiatives include investments in healthcare facilities, subsidies for medical equipment, and reimbursement schemes for diagnostic imaging procedures. These government initiatives are driving the adoption of diagnostic imaging devices in the country. In addition to customer preferences and government initiatives, local special circumstances are also contributing to the development of the market. Norway has a well-developed healthcare system with a high level of healthcare expenditure per capita. The country has a well-educated and highly skilled healthcare workforce, which enables the effective utilization of diagnostic imaging devices. Furthermore, the aging population in Norway is driving the demand for diagnostic imaging devices, as older individuals are more prone to various diseases and require regular medical imaging. Underlying macroeconomic factors, such as a stable economy and increasing healthcare expenditure, are also supporting the growth of the Diagnostic Imaging Devices market in Norway. The country has a strong economy with high disposable income levels, which allows for increased healthcare spending. The government's focus on healthcare infrastructure development and technological advancements further contribute to the market growth. Overall, the Diagnostic Imaging Devices market in Norway is developing due to customer preferences for advanced imaging technologies, increasing demand for early diagnosis and treatment, favorable government initiatives, local special circumstances, and underlying macroeconomic factors. As these factors continue to drive market growth, the demand for diagnostic imaging devices is expected to further increase in the coming years.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.