Market Size of Germany Computed Tomography Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 510 Million |
Market Size (2029) | USD 691.69 Million |
CAGR (2024 - 2029) | 6.25 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Germany Computed Tomography Market Analysis
The Germany Computed Tomography Market size is estimated at USD 510 million in 2024, and is expected to reach USD 691.69 million by 2029, growing at a CAGR of 6.25% during the forecast period (2024-2029).
- The COVID-19 pandemic significantly affected market growth as the demand for computed tomography (CT) scanners increased with the surge in the number of COVID-19 cases. For instance, as per the article published by the National Center for Biotechnology Information (NCBI) in December 2021, the outbreak of the COVID-19 pandemic was associated with a significant temporary decline in the imaging volume in Germany. However, a quick recovery was observed after the first lockdown period, with radiologic imaging examinations steadily approaching prior-year figures.
- Furthermore, several studies were being conducted in Germany to analyze the efficacy of computed tomography for detecting the COVID-19 virus. For instance, a study published by BMC Infectious Diseases in February 2021 concluded that CT scans showed high efficacy in the detection of pneumatic changes in COVID-19 patients. The study was conducted on 219 patients in Germany with suspected COVID-19 who received radiological imaging and RT-PCR for SARS-CoV-2. The study revealed that the initial RT-PCR was negative in 4.2% of patients. In comparison, the initial CT scan revealed pneumonic findings in 50.7% of patients; 55.0% were COVID-19 positive and had evidence of pneumonia.
- Therefore, looking at the overall scenario, it was observed that the COVID-19 pandemic had a significant impact on the market studied. However, the market has reached its pre-pandemic nature regarding the demand for CT scan products and is expected to witness healthy growth during the forecast period.
- The major factors responsible for the high growth in Germany's computed tomography market include the increasing prevalence of chronic diseases, the rising geriatric population, and increasing technological advancements in CT devices.
- Smoking is a major factor responsible for various chronic diseases like cancer and cardiovascular diseases. Therefore, the number of people smoking in the country significantly impacts the prevalence of cardiovascular diseases (CVD). For instance, as per the article published by the Foundation for A Smoke-Free World in June 2022, the rates of tobacco smoking in Germany are significantly higher compared to other European nations.
- It is reported that more than one in four Germans over the age of 14 are current smokers. As per the same source, currently, there are 17.5 million smokers in Germany. Thus, due to the high number of smokers in Germany, the risk for cancer, cardiovascular diseases, and other chronic diseases is high, which is expected to drive the demand for computed tomography for diagnostic purposes during the forecast period.
- Furthermore, the government organizations in Germany are actively participating in supporting the healthcare sector in the country, which is also burgeoning the market growth. For instance, in July 2021, the German Representative Office in Ramallah and the United Nations Development Programme handed the Minister of Health over specialized medical equipment supporting critical health facilities in the West Bank. The organization supported USD 1.3 million in medical equipment, including CT scans, digital radiography machine, and others.
- Hence, due to the abovementioned factors, the market is expected to experience significant growth during the forecast period. However, the lack of proper reimbursement, stringent regulatory approval procedures, and the high cost of equipment are certain factors that are expected to impede the market growth.
Germany Computed Tomography Industry Segmentation
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. It is also called computerized axial tomography (CAT) scanning, primarily used in cancer diagnosis.
The Germany computed tomography market is segmented by type, application, and end user. Based on type the market is segmented as low slice, medium slice, and high slice. Based on application the market is segmented as oncology, neurology, cardiovascular, musculoskeletal, and other applications. Based on end-user the market is segmented as hospitals, diagnostic centers, and other end-users. The report offers the value (in USD) 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 |
Germany Computed Tomography Market Size Summary
The Germany computed tomography market is poised for substantial growth over the forecast period, driven by several key factors. The market's recovery from the COVID-19 pandemic, which initially caused a temporary decline in imaging volumes, has been robust, with demand for CT scan products returning to pre-pandemic levels. The increasing prevalence of chronic diseases, particularly those linked to high smoking rates, is a significant driver of market expansion. The aging population and advancements in CT technology further contribute to this growth. Government support and initiatives aimed at enhancing healthcare infrastructure, such as the provision of specialized medical equipment, also play a crucial role in bolstering the market.
The market is characterized by a competitive landscape with major players like Canon Medical Systems, GE Healthcare, and Koninklijke Philips NV leading the charge. The hospital segment is expected to experience healthy growth due to the high number of hospitals and the widespread adoption of radiology equipment. Efforts to combat rising cancer cases, including public health programs offering free lung checks, are expected to increase the demand for CT scans. Despite challenges such as high equipment costs and regulatory hurdles, the market is set to witness significant growth, supported by the increasing application of CT in cancer diagnostics and the expansion of imaging technologies across the country.
Germany 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 Prevalence of Chronic Diseases and Rising Geriatric Population
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1.2.2 Increasing Technological Advancements
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1.3 Market Restraints
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1.3.1 Lack of Proper Reimbursement And Stringent Regulatory Approval Procedures
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1.3.2 High Cost of 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 (Market Size by Value - USD)
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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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Germany Computed Tomography Market Size FAQs
How big is the Germany Computed Tomography Market?
The Germany Computed Tomography Market size is expected to reach USD 510 million in 2024 and grow at a CAGR of 6.25% to reach USD 691.69 million by 2029.
What is the current Germany Computed Tomography Market size?
In 2024, the Germany Computed Tomography Market size is expected to reach USD 510 million.