Europe Computed Tomography Market Insights Forecasts to 2033

• The Europe Computed Tomography Market Size was valued at USD 1.19 Billion in 2023.
• The Market is Growing at a CAGR of 7.62% from 2023 to 2033
• The Europe Computed Tomography Market Size is Expected to Reach USD 2.48 Billion by 2033

The Europe Computed Tomography Market is Anticipated to Reach USD 2.48 Billion by 2033, growing at a CAGR of 7.62% from 2023 to 2033

Market Overview

Computed tomography (CT) is a diagnostic imaging procedure that is non-invasive and utilizes X-rays along with a computer to generate detailed internal images of the body. A narrow beam of X-rays revolves around the patient's body, creating signals that are interpreted by a computer to produce cross-sectional images, known as "slices." CT scans are capable of revealing intricate images of bones, muscles, fat, organs, and blood vessels. A three-year initiative named EU-JUST-CT, funded by the European Commission, aimed to enhance the justification process for CT scans across Europe. This project took place from April 2021 to March 2024. Among the objectives of the project were gathering information on CT justification, formulating a methodology for auditing such justification, and performing pilot audits. Guidelines for CT quality criteria were created by European radiologists and physicists. The European Commission's Radiation Protection Actions played a role in supporting and refining these guidelines. Additionally, the increasing number of elderly individuals in Europe contributes to the rising demand for healthcare on the continent. Finally, escalating healthcare costs and investments in medical infrastructure contribute to the growth of the CT market across the region. All of these factors drive innovation and the adoption of CT technology in Europe.

Report Coverage

This research report categorizes the market for the Europe computed tomography market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe computed tomography market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe computed tomography market.

Driving Factors

A number of important factors are driving the computed tomography (CT) industry in Europe. First, sophisticated diagnostic imaging technologies are required due to the rising incidence of chronic illnesses including cancer and cardiovascular conditions. Second, CT systems are more appealing to healthcare professionals due to technology developments including better picture quality and lower radiation exposure. Third, as CT scans are necessary for prompt treatment decisions, the market is expanding due to the rising need for early and accurate diagnosis.

Restraining Factors

The Europe Computed Tomography market faces several restraining factors. The high costs of advanced CT systems and the associated maintenance can limit accessibility for smaller healthcare facilities. Additionally, concerns over radiation exposure may deter some patients and healthcare providers from utilizing CT scans. Regulatory challenges and reimbursement issues further complicate the adoption of new technologies, hindering market growth.

Market Segmentation

The Europe computed tomography market share is classified into technology and application.

• The high-end slice CT segment is expected to hold the largest market share through the forecast period.

The Europe computed tomography market is segmented by technology into high-end slice CT, mid-end slice CT, low-end slice CT, and cone beam CT (CBCT). Among these, the high-end slice CT segment is expected to hold the largest market share through the forecast period. This is due to its extensive diagnostic capabilities and high image quality. These systems are the go-to options in hospitals since they provide improved features including quicker scanning times and lower radiation exposure. Demand is also driven by their capacity to carry out intricate imaging techniques, which aid in precise diagnosis. This market will keep growing as long as healthcare institutions keep improving their technologies.

• The oncology segment is expected to dominate the Europe computed tomography market during the forecast period.

Based on the application, the European computed tomography market is divided into oncology, cardiology, vascular, neurology, musculoskeletal, and others. Among these, the oncology segment is expected to dominate the Europe computed tomography market during the forecast period. Because of the increased prevalence of cancer, this makes sophisticated imaging necessary for precise diagnosis and treatment planning. Better tumor diagnosis and monitoring are made possible by enhanced CT technologies, which significantly increase demand for oncology applications.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe computed tomography market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Siemens Healthineers
• GE Healthcare
• Philips Healthcare
• Canon Medical Systems Corporation
• Hitachi Medical Systems
• Toshiba Medical Systems
• Fujifilm Holdings Corporation
• Agfa-Gevaert Group
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2024, GE HealthCare introduced Aurora, a revolutionary dual head SPECT/CT with AI-powered technology, at the 2024 Congress of the European Association of Nuclear Medicine (EANM).

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe Computed Tomography Market based on the below-mentioned segments:

Europe Computed Tomography Market, By Technology

• High-end Slice CT
• Mid-end Slice CT
• Low-end Slice CT
• Cone Beam CT (CBCT)

Europe Computed Tomography Market, By Application

• Oncology
• Cardiology
• Vascular
• Neurology
• Musculoskeletal
• Others