Market Size of Spain Computed Tomography Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 201.59 Million |
Market Size (2029) | USD 263.47 Million |
CAGR (2024 - 2029) | 5.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Spain Computed Tomography Market Analysis
The Spain Computed Tomography Market size is estimated at USD 201.59 million in 2024, and is expected to reach USD 263.47 million by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).
The COVID-19 pandemic has a significant impact on the computed tomography market in Spain which was majorly due to the restrictions on non-essential procedures. This resulted in less utilization of CT scans for non-emergency diagnostic applications. However, CT scans were used to a certain extent in diagnosing coronavirus infection in the lungs. With the increasing Spanish population falling prey to COVID-19, there was significant demand for chest CT scans in the country which helped the market keep a steady pace during the pandemic. Moreover, as per the data published by Organization for Economic Co-operation and Development, the mean waiting times for specialist assessment for hip replacement in Spain increased from 146.7 days in the year 2019 to 153.6 days in the year 2020. Similarly, for knee replacement procedures in the country, the mean waiting time surged to 207.5 days in 2020 from 190.6 in 2019. Such growing waiting times have delayed the treatment procedures and early diagnosis of the conditions. However, as computed tomography imaging can help in the efficient analysis of knee or hip scans, the demand for computed tomography imaging across medical facilities in Spain is anticipated to increase in the post-pandemic phase.
The major factors attributing to the growth of Spain's computed tomography market are the increasing incidence of orthopedic diseases, dental and cardiovascular surgeries, and cancer. In addition, rising technological advancements coupled with the increasing spectrum of applications of these devices are propelling their demand in the country.
There has been an increasing investment in the diagnostic imaging sector in Spain which is acting as a beneficial factor for the computed tomography market. For instance, in July 2021, Quibim, a Spanish company involved in healthcare imaging, participated in a EUR 7.5 million High Sensitivity Molecular Imaging project IMAS (Imagen Molecular de Alta Sensibilidad) to build an innovative total-body PET/CT scanner for simultaneous whole-body imaging in a Temporary Business Association (TBA) backed by GE Healthcare experts. Thus, the increasing investments in the country within the concerned market will drive the market during the forecast period.
Spain Computed Tomography Industry Segmentation
As per the scope of the report, computed tomography (CT) is an imaging process that customizes special X-ray equipment to generate a sequence of exhaustive images or scans of areas inside the body. Spain Computed Tomography (CT) Market is segmented by Type (Low Slice, Medium Slice, High Slice), Application (Oncology, Neurology, Cardiovascular, Musculoskeletal, Other Applications), and End User (Hospitals, Diagnostic Centers, Other End Users). The report offers the value (in USD million) for the above segments.
By Type | |
Low Slice | |
Medium Slice | |
High Slice |
By Application | |
Oncology | |
Neurology | |
Cardiovascular | |
Musculoskeletal | |
Other Applications |
By End User | |
Hospitals | |
Diagnostic Centers | |
Other End Users |
Spain Computed Tomography Market Size Summary
The computed tomography market in Spain is poised for growth, driven by increasing demand for advanced imaging solutions across various medical applications. The market has shown resilience despite the challenges posed by the COVID-19 pandemic, which initially led to a reduction in non-emergency CT scans due to restrictions. However, the pandemic also underscored the importance of CT scans in diagnosing COVID-19-related lung infections, maintaining a steady demand. Post-pandemic, the market is expected to benefit from the rising incidence of orthopedic, dental, cardiovascular diseases, and cancer, which necessitate advanced diagnostic imaging. The growing waiting times for specialist assessments in Spain further highlight the need for efficient diagnostic tools like computed tomography, which can expedite the diagnosis and treatment of conditions such as hip and knee disorders.
Technological advancements and increased investments in the diagnostic imaging sector are key factors propelling the growth of the computed tomography market in Spain. Initiatives like the High Sensitivity Molecular Imaging project, which aims to develop innovative imaging solutions, reflect the country's commitment to enhancing its diagnostic capabilities. The prevalence of cancer, particularly breast and gastric cancers, has led to a higher demand for CT imaging for diagnosis, further driving market expansion. Major players in the industry, including Canon Medical Systems, Koninklijke Philips NV, GE Healthcare, and Siemens Healthineers, are focusing on introducing technologically advanced products to capture a larger market share. Strategic collaborations and product launches, such as Siemens Healthineers' NAEOTOM Alpha, the world's first photon-counting CT scanner, are expected to strengthen the market's growth trajectory during the forecast period.
Spain Computed Tomography Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Geriatric Population and Chronic Disease Burden
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1.2.2 Technological Advancements in Computed Tomography
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1.3 Market Restraints
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1.3.1 High Cost Associated With CT Scan Procedure and Equipment
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Low Slice
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2.1.2 Medium Slice
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2.1.3 High Slice
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2.2 By Application
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2.2.1 Oncology
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2.2.2 Neurology
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2.2.3 Cardiovascular
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2.2.4 Musculoskeletal
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2.2.5 Other Applications
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Diagnostic Centers
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2.3.3 Other End Users
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Spain Computed Tomography Market Size FAQs
How big is the Spain Computed Tomography Market?
The Spain Computed Tomography Market size is expected to reach USD 201.59 million in 2024 and grow at a CAGR of 5.5% to reach USD 263.47 million by 2029.
What is the current Spain Computed Tomography Market size?
In 2024, the Spain Computed Tomography Market size is expected to reach USD 201.59 million.