The CT market size in Europe was worth USD 1.78 billion in 2023 and is estimated to reach USD 2.18 billion by the end of 2028, with a CAGR of 4.15%.
CT Scan (Computed Tomography) imaging of the body uses tomography and digital geometry to generate a 3D image of the internal organs of a body. It uses a series of two-dimensional x-rays taken around a single axis of rotation and then generated to form the 3D image. With the advent of high-speed and multi-slice CT scanners, healthcare providers have changed their approach to imaging, diagnosis, and treatment of patients as new ways for clinical applications in such areas as trauma, vascular, pediatric, and cardiac imaging are possible due to the higher speeds at which scanning can be done.
The European computed tomography (CT) market is expected to be driven by the rising prevalence of chronic diseases such as cancer, cardiovascular diseases, dental disorders, orthopedic and other diseases among the people in Europe. In addition, other factors such as the rising environmental changes, lack of physical inactivity, sedentary lifestyle, obesity, smoking, unhealthy eating, and drinking habits are increasing the growth of the European CT market. Furthermore, the growing geriatric population significantly contributes to the European CT market as the senior population is more susceptible to infections or diseases. Also, the advances in technology and new equipment with superior scanning capacities for diagnosing or detecting diseases and injuries and improvements in technology and devices for better results.
In addition, raising awareness among the people about the availability of various treatments and technological devices available in the market is propelling the growth of the European computed tomography scan market. Furthermore, the government's initiatives to develop advanced, well-equipped medical and healthcare infrastructure with appropriate facilities and services have increased. The expansion of CT scans in the market is also being boosted by a rise in people's self-care and increased government efforts in research activities for producing new and efficient equipment to offer quick and accurate information to patients.
However, rising concerns about side effects and issues related to CT scans are majorly affecting the market's growth due to excess radiation exposure and the usage of contrast material. In addition, the lack of proper reimbursement policies and strict government rules and regulations for introducing devices and services in the market also hinders the growth of the European CT market.
This research report on the European CT market has been segmented & sub-segmented into the following categories:
By Low-slice Type:
By Slice Type:
By High-slice Type:
Geographically, the European CT market was the third-largest market globally in 2020. In the forecasted period, it is estimated to have significant growth in the market share due to the rising prevalence of chronic diseases such as cancer, cardiovascular diseases, orthopedics, and other diseases among the people are increasing the market growth. In addition, the increase in the growing elderly population also plays a vital role in driving the market growth.
The German CT market held the largest European market share in 2020 and is predicted to witness significant growth during the forecast period. The market growth is driven by developing its medical and healthcare infrastructure and facilities for the people in recent years. Also, rising investments from government and non-government organizations in research increase market growth.
Similarly, the UK and France have seen an increase in their market share by adopting various technological aspects and being the most technologically advanced countries in the region. As well as increasing awareness among the people about the developing facilities and services in the region and the rising concerns about health care are encouraging the growth of the computed tomography scan market.
On the other hand, Italy is estimated to have lucrative growth in the CT market because the increase in technological advancements and awareness among the people has increased the growth rate of the computed tomography (CT) scan market.
KEY MARKET PLAYERS:
Companies leading the Europe CT market profiled in the report are GE Healthcare, Hitachi Medical Corporation, Hitachi Medical Systems America, Inc., NeuroLogica Corporation, Neusoft Medical Systems Co. Ltd., Philips Healthcare, Shenzhen Anke High-Tech Co., Siemens Healthcare, and Toshiba Medical Systems Corporation.
The European CT market is expected to grow at a CAGR of 4.15% from 2022 to 2027.
The growing incidence of chronic diseases, increasing demand for advanced diagnostic imaging, rising geriatric population, and technological advancements in CT imaging are majorly driving the growth of the CT market in the European region.
High cost of CT equipment, concerns about radiation exposure, and the availability of alternative imaging modalities are some of the key challenges to the European CT market.
Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems, and Hitachi Medical Systems are some of the noteworthy companies in the European CT market.
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