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Europe Computed Tomography (CT) Market Size, Forecast 2031

Europe Computed Tomography (CT) Market

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Segments - by Types (Low Slice, Medium Slice, and High Slice), Applications (Oncology, Neurology, Cardiovascular, Musculoskeletal, and Others), End-users (Hospitals, Diagnostic Centers, and Others), and Geography (The UK, Germany, Italy, France, the Netherlands, and Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Raksha Sharma

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Editor:

Shreyas Tandon

Report Description

The Europe CT market size was USD 1.94 Billion in 2022 and is likely to reach USD 3.32 Billion by 2031, expanding at a CAGR of 6.16% during 2023–2031. The growth of the market is attributed to the rising prevalence of chronic diseases and recent developments in the healthcare sector.

The rising prevalence of chronic diseases, for example, oncology, cardiovascular, and neurology disorders has prompted to indulge in early diagnosis services. Computed tomography (CT) is a medical imaging system generally utilized in medical care equipment for diagnostic and therapeutic purposes. The improvements in the medical care area has fueled the interest for advanced imaging systems, including CT systems.

The coronavirus pandemic affected the worldwide market due to the disturbance in the supply chain and manufacturing activities during the lockdown. While the COVID-19 pandemic has seriously affected most business sectors, internationally, the medical device market is one that has experienced polarizing impacts of the pandemic.

The quick spread of the pandemic has brought about healthcare systems being overpowered, with assets and staff being re-coordinated to address the surge in the number of patients.

Market Trends, Drivers, Restraints, and Opportunities

Rising prevalence of the targeted diseases is one of the key factors fueling the market growth.
Growing geriatric population is estimated to accelerate the growth of the market.
Increasing number of technological advanced devices is estimated to drive the market growth.
Growing patient emphasis on effective and early disease diagnosis is one of the major factors driving the market growth.
Procedural benefits offered by CT is expected to contribute to the growth of the market during the forecast period.
Significant installation and maintenance costs can restrain the growth of the market.
Rising demand for ongoing market shift toward image-guided interventions is expected to create lucrative opportunity for the Europe CT market.

Scope of Europe Computed Tomography (CT) Market Report

The report on the Europe CT market includes an assessment of the market, trends, segments, and Geography markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	CT Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Low Slice, Medium Slice and High Slice), Applications (Oncology, Neurology, Cardiovascular, Musculoskeletal, and Others), End-users (Hospitals, Diagnostic Centers, and Others)
Geographical Scope	The UK, Germany, Italy, France, the Netherlands, and Rest of Europe
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Koninklijke Philips NV; Hitachi Medical Systems; GE Healthcare; Canon Medical Systems; Siemens AG; and Fujifilm Holdings Corporation

Europe CT Market Segment Insights

Low slice segment is expected to grow at a robust pace

Based on types, the market is segregated into low slice, medium slice, and high slice. The low slice segment is anticipated to account for a significant market share during the forecast period. Low slice scanners in emerging countries along with the established and strong product portfolio of market players in this segment are driving the segment growth.

The technological advancements in low-slice scanners and low pricing as compared to high-end devices have been instrumental in augmenting the demand for low-slice products across the world. However, the low slice scanners segment is anticipated to hold a key share of the market in the coming years due to increasing demand for the opportunities in treatment methods.

Oncology segment is projected to dominate the market

On the basis of applications, the Europe CT market is segregated into oncology, neurology, cardiovascular, musculoskeletal, and others. The oncology segment is projected to expand at a considerable CAGR during the forecast period. CT systems are widely used in the detection of tumors and other cancer medical abnormalities.

A rise in the usage of imaging modalities for the diagnosis of the diseases is expected to spur the segment growth. Increasing prevalence of cancer due to the rising geriatric population and the rising adoption of CT systems in cancer diagnosis are major factors fueling the segment growth.

Hospitals segment is anticipated to constitute a key market share

Base on end-users, the market is categorized as hospitals, diagnostic centers, and others. The hospitals segment held a substantial market share in 2020. Hospitals are an integral part of the healthcare sector and are a major revenue source for the entire industry, which fosters the research and innovation.

The UK o constitute a considerable market share

In terms of geography, the market is classified as the UK, Germany, Italy, France, the Netherlands, and the Rest of Europe. The UK is anticipated to account for a significant market share during the forecast period. The market in Europe is expected to account for the high share in terms of revenue owing to the increasing demand for latest technologies in the country.

Segments

The Europe CT market has been segmented on the basis of

Types

Low Slice
Medium Slice
High Slice

Applications

Oncology
Neurology
Cardiovascular
Musculoskeletal
Others

End-users

Hospitals
Diagnostic Centers
Others

Geography

The UK
Germany
Italy
France
Netherlands
Rest of Europe

Key Players

Koninklijke Philips NV
GE Healthcare
Canon Medical Systems
Hitachi Medical Systems
Siemens AG
Fujifilm Holdings Corporation

Competitive Landscape

Key players competing in the Europe CT market are Koninklijke Philips NV; Hitachi Medical Systems; GE Healthcare; Canon Medical Systems; Siemens AG; and Fujifilm Holdings Corporation. Companies are engaging in partnerships, acquisitions, and mergers to expand their market share.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. CT Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. CT Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. CT Market - Supply Chain
  4.5. Global CT Market Forecast
     4.5.1. CT Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. CT Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. CT Market Absolute $ Opportunity
5. Global CT Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. CT Market Size and Volume Forecast by Types
     5.3.1. Low Slice
     5.3.2. Medium Slice
     5.3.3. High Slice
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global CT Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. CT Market Size and Volume Forecast by Applications
     6.3.1. Oncology
     6.3.2. Neurology
     6.3.3. Cardiovascular
     6.3.4. Musculoskeletal
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global CT Market Analysis and Forecast by End Users
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by End Users
     7.2.2. Y-o-Y Growth Projections by End Users
  7.3. CT Market Size and Volume Forecast by End Users
     7.3.1. Hospitals
     7.3.2. Diagnostic Centers
     7.3.3. Others
  7.4. Absolute $ Opportunity Assessment by End Users
  7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global CT Market Analysis and Forecast by Region
  8.1. Market Trends
  8.2. Introduction
     8.2.1. Basis Point Share (BPS) Analysis by Region
     8.2.2. Y-o-Y Growth Projections by Region
  8.3. CT Market Size and Volume Forecast by Region
     8.3.1. North America
     8.3.2. Latin America
     8.3.3. Europe
     8.3.4. Asia Pacific
     8.3.5. Middle East and Africa (MEA)
  8.4. Absolute $ Opportunity Assessment by Region
  8.5. Market Attractiveness/Growth Potential Analysis by Region
  8.6. Global CT Demand Share Forecast, 2019-2026
9. North America CT Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
  9.2. North America CT Market Size and Volume Forecast by Country
     9.2.1. U.S.
     9.2.2. Canada
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. North America CT Market Size and Volume Forecast by Types
     9.4.1. Low Slice
     9.4.2. Medium Slice
     9.4.3. High Slice
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. North America CT Market Size and Volume Forecast by Applications
     9.7.1. Oncology
     9.7.2. Neurology
     9.7.3. Cardiovascular
     9.7.4. Musculoskeletal
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. North America CT Market Size and Volume Forecast by End Users
     9.10.1. Hospitals
     9.10.2. Diagnostic Centers
     9.10.3. Others
  9.11. Basis Point Share (BPS) Analysis by End Users
  9.12. Y-o-Y Growth Projections by End Users
  9.13. Market Attractiveness/Growth Potential Analysis
     9.13.1. By Country
     9.13.2. By Product Type
     9.13.3. By Application
  9.14. North America CT Demand Share Forecast, 2019-2026
10. Latin America CT Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Latin America Average Pricing Analysis
  10.2. Latin America CT Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
  10.4. Latin America CT Market Size and Volume Forecast by Types
     10.4.1. Low Slice
     10.4.2. Medium Slice
     10.4.3. High Slice
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Latin America CT Market Size and Volume Forecast by Applications
     10.7.1. Oncology
     10.7.2. Neurology
     10.7.3. Cardiovascular
     10.7.4. Musculoskeletal
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Latin America CT Market Size and Volume Forecast by End Users
     10.10.1. Hospitals
     10.10.2. Diagnostic Centers
     10.10.3. Others
  10.11. Basis Point Share (BPS) Analysis by End Users
  10.12. Y-o-Y Growth Projections by End Users
  10.13. Market Attractiveness/Growth Potential Analysis
     10.13.1. By Country
     10.13.2. By Product Type
     10.13.3. By Application
  10.14. Latin America CT Demand Share Forecast, 2019-2026
11. Europe CT Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Europe Average Pricing Analysis
  11.2. Europe CT Market Size and Volume Forecast by Country
     11.2.1. Germany
     11.2.2. France
     11.2.3. Italy
     11.2.4. U.K.
     11.2.5. Spain
     11.2.6. Russia
     11.2.7. Rest of Europe
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Europe CT Market Size and Volume Forecast by Types
     11.4.1. Low Slice
     11.4.2. Medium Slice
     11.4.3. High Slice
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Europe CT Market Size and Volume Forecast by Applications
     11.7.1. Oncology
     11.7.2. Neurology
     11.7.3. Cardiovascular
     11.7.4. Musculoskeletal
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Europe CT Market Size and Volume Forecast by End Users
     11.10.1. Hospitals
     11.10.2. Diagnostic Centers
     11.10.3. Others
  11.11. Basis Point Share (BPS) Analysis by End Users
  11.12. Y-o-Y Growth Projections by End Users
  11.13. Market Attractiveness/Growth Potential Analysis
     11.13.1. By Country
     11.13.2. By Product Type
     11.13.3. By Application
  11.14. Europe CT Demand Share Forecast, 2019-2026
12. Asia Pacific CT Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Asia Pacific Average Pricing Analysis
  12.2. Asia Pacific CT Market Size and Volume Forecast by Country
     12.2.1. China
     12.2.2. Japan
     12.2.3. South Korea
     12.2.4. India
     12.2.5. Australia
     12.2.6. Rest of Asia Pacific (APAC)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Asia Pacific CT Market Size and Volume Forecast by Types
     12.4.1. Low Slice
     12.4.2. Medium Slice
     12.4.3. High Slice
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Asia Pacific CT Market Size and Volume Forecast by Applications
     12.7.1. Oncology
     12.7.2. Neurology
     12.7.3. Cardiovascular
     12.7.4. Musculoskeletal
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Asia Pacific CT Market Size and Volume Forecast by End Users
     12.10.1. Hospitals
     12.10.2. Diagnostic Centers
     12.10.3. Others
  12.11. Basis Point Share (BPS) Analysis by End Users
  12.12. Y-o-Y Growth Projections by End Users
  12.13. Market Attractiveness/Growth Potential Analysis
     12.13.1. By Country
     12.13.2. By Product Type
     12.13.3. By Application
  12.14. Asia Pacific CT Demand Share Forecast, 2019-2026
13. Middle East & Africa CT Market Analysis and Forecast
  13.1. Introduction
     13.1.1. Basis Point Share (BPS) Analysis by Country
     13.1.2. Y-o-Y Growth Projections by Country
     13.1.3. Middle East & Africa Average Pricing Analysis
  13.2. Middle East & Africa CT Market Size and Volume Forecast by Country
     13.2.1. Saudi Arabia
     13.2.2. South Africa
     13.2.3. UAE
     13.2.4. Rest of Middle East & Africa (MEA)
  13.3. Absolute $ Opportunity Assessment by Country
  13.4. Middle East & Africa CT Market Size and Volume Forecast by Types
     13.4.1. Low Slice
     13.4.2. Medium Slice
     13.4.3. High Slice
  13.5. Basis Point Share (BPS) Analysis by Types
  13.6. Y-o-Y Growth Projections by Types
  13.7. Middle East & Africa CT Market Size and Volume Forecast by Applications
     13.7.1. Oncology
     13.7.2. Neurology
     13.7.3. Cardiovascular
     13.7.4. Musculoskeletal
     13.7.5. Others
  13.8. Basis Point Share (BPS) Analysis by Applications
  13.9. Y-o-Y Growth Projections by Applications
  13.10. Middle East & Africa CT Market Size and Volume Forecast by End Users
     13.10.1. Hospitals
     13.10.2. Diagnostic Centers
     13.10.3. Others
  13.11. Basis Point Share (BPS) Analysis by End Users
  13.12. Y-o-Y Growth Projections by End Users
  13.13. Market Attractiveness/Growth Potential Analysis
     13.13.1. By Country
     13.13.2. By Product Type
     13.13.3. By Application
  13.14. Middle East & Africa CT Demand Share Forecast, 2019-2026
14. Competition Landscape
  14.1. Global CT Market: Market Share Analysis
  14.2. CT Distributors and Customers
  14.3. CT Market: Competitive Dashboard
  14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     14.4.1. Koninklijke Philips NV
     14.4.2. GE Healthcare
     14.4.3. Hitachi Medical Systems
     14.4.4. Canon Medical Systems
     14.4.5. Siemens AG
     14.4.6. Fujifilm Holdings Corporation

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