Market Trends of Spain Computed Tomography Industry
This section covers the major market trends shaping the Spain Computed Tomography Market according to our research experts:
Oncology is Expected to Dominate the Application Segment
The major factors attributing to the growth of this segment in the country include the greater applications of computed tomography imaging systems in diagnosing cancer cases and the rise in the prevalence of cancer in Spain. Many market players are engaging in strategic initiatives that can boost the market growth.
There has been an increase in the prevalence of cancer cases in Spain over the past few years. According to the International Agency for Research on Cancer published Globocan 2020 report, the estimated five-year prevalence of breast cancer cases in 2020 was 137,270 in Spain. Additionally, according to the same report, the estimated five-year prevalence of all cancer cases in 2020 was 858,220 in Spain. The high burden of different types of cancer disorders in Spain is expected to boost the demand for computed tomography for diagnosis purposes. This is expected to boost the market growth during the forecast period.
There are many research studies that are taking place in Spain in the field of computed tomography imaging for cancer diagnosis. For instance, in a study titled, 'Real-life use of ramucirumab in gastric cancer in Spain: the RAMIS study', published in February 2021, in Spain, the prevalence of gastric adenocarcinomas is 7,810 cases per year, resulting in more than 5,675 deaths annually. The most used diagnostic procedures were computerized tomography (CT) (97.2%) and endoscopy (94.6%). Such studies encourage the use of computed tomography to be used for diagnosis.
Hence, with the above-mentioned factors, it is believed that the Oncology will dominate the application segment of computed tomography market in Spain.
