European CT market to crest $1 billion by 2013

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The European CT systems market is seeing compound annual growth due to the increased potential of cardiac imaging applications combined with innovation in clinical applications as well as an improvement in scan speeds, according to San Jose, Calif.-based market research firm Frost & Sullivan.

The firm also noted that as different countries in the European Union (EU) are in different stages of the replacement cycle, constant replacement sales is likely to ensure growth in revenues.

The company stated that the European CT market earned revenues of $861.7 million (U.S.) in 2006 and is set to grow at a compound annual growth rate of 4 percent from 2006 to 2013, to reach $1.14 billion in 2013.

Frost & Sullivan said that CT angiography and virtual colonoscopy are the most promising applications for further utilization of the modality in the EU. In addition, it said that with the introduction of higher slice scanners, the market is set to move toward ‘single heartbeat’ cardiac imaging.