Market Trends of Europe CT Industry
This section covers the major market trends shaping the Europe CT Market according to our research experts:
Oncology Segment is Expected to Hold the Largest Market Share in the European CT Market Over the Forecast Period
Oncology deals with the diagnosis and treatment of tumors and cancers, and cancer is one of the leading causes of morbidity and mortality. Among both sexes, cervical, anala, oral cavity lung, breast, and colorectal cancers are among the most common cancers. According to the HPV information center fact sheet published in 2022, the crude incidence rate of HPV-related cervical cancer among females was 8.23% in Spain in 2021 and the incidence of oral cavity cancer in males was 13.2% in 2021 in Spain. The cancer burden is increasing in the region, and thus, there is a rise in the usage of imaging modalities for the diagnosis of diseases.
Similarly, the data published by HPV information centers in 2022, mentioned that the incidence of HPV related oral cavity camcers among males was 8.04% in males and 5.38% in males. Additionally, the same source also mentioned that the annual incidence of cervical cancer in Italy was 3,152. Thus, the increasing prevalence of cancer in the European countries are expected to contribute to demand for CT owing to the early and effective diagnosis, thereby contributing to the growth of the studied segment.
Germany is Expected to Hold Significant Market Share in the Market Over the Forecast Period
Germany is expected to dominate the overall market during the forecast period. The market studied is growing in Germany due to the rising frequency of chronic conditions such as cardiovascular disease, the aging population, and favorable government initiatives. For instance, according to estimates from the Global Cancer Observatory updated in March 2021, around 628,519 new cancer cases were identified in Germany in 2021.
Furthermore, according to the article published by NCBI in August 2022, approximately 29,947 isolated coronary artery bypass grafting procedures, 36,714 isolated heart valve procedures, and 750 assist device implantations were registered in Germany in 2021. According to the same source, the number of solitary heart transplants in Germany has surged to 340 in 2021. In addition, according to the data published by the DSB in December 2022, the number of people aged 67 or older is expected to rise to 20 million by 2030, and the number of people aged 80 or older is expected to reach between 5.8 and 6.7 million by 2030. Chronic diseases such as orthopedic illnesses, heart diseases, and neurological disorders have a higher incidence in the older population and have a greater possibility of affecting the older population. Thus, due to the aforesaid factors, such as rising chronic diseases and increasing demand for effective diagnosis, the market is expected to witness significant growth over the forecast period.
