Dynamic Technological Change is Transforming European Computed Tomography Markets, Finds Frost & Sullivan

Dynamic Technological Change is Transforming European Computed Tomography Markets, Finds Frost & Sullivan PR Newswire LONDON, Oct. 31, 2012 -- Emergence of high, multi-slice CT systems to make single and dual slice CT scanners obsolete LONDON, Oct. 31, 2012 /PRNewswire/ -- The demand for multi-slice computed tomography (CT) systems will drive growth in the European CT market. Single and dual slice CT scanners are projected to become obsolete in the next two years, while 16 slice and 64 slice scanners will continue to account for a major share of the market over the next 5-6 years. New analysis from Frost & Sullivan (http://www.healthcare.frost.com), European Market for Computed Tomography, finds that the market yielded $523.6 million in 2011 and estimates this to reach $691.6 million in 2018. The research covers less than 64 slice scanners (comprising single, dual, 4, 16, 20, 32 and 40 slice CT scanners), 64 slice scanners, 128 and 256 slice scanners and greater than 256 slice scanners. Continuous technical change has made the market extremely volatile, with several new products being regularly introduced. These new products will increasingly replace single and dual slice CT systems, driving them into obsolescence. "In the forthcoming years, numerous premium and super premium CT systems will flood the market, sparking demand for high slice CT systems such as 128 and 256 slice scanners," noted Frost & Sullivan Programme Manager Sujith Eramangalath.