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
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 (000’ 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