Key Insights
The European Computed Tomography (CT) market, valued at €2.19 billion in 2025, is projected to experience robust growth, driven by factors such as an aging population necessitating increased diagnostic imaging, technological advancements leading to improved image quality and faster scan times, and rising prevalence of chronic diseases like cancer and cardiovascular conditions. The market's Compound Annual Growth Rate (CAGR) of 6.16% from 2025 to 2033 indicates a significant expansion in market size. This growth is further fueled by increasing healthcare expenditure across Europe and the rising adoption of minimally invasive surgical procedures that rely heavily on accurate CT scans for pre- and post-operative planning. Segment-wise, Oncology and Cardiology applications are expected to maintain substantial market shares due to their high prevalence and the critical role of CT in diagnosis and treatment monitoring. Hospitals and specialized diagnostic centers constitute the largest end-user segment, reflecting the high demand for these advanced imaging technologies in established healthcare settings. Key players, including Siemens AG, GE Healthcare, and Philips, are investing heavily in R&D and strategic partnerships to enhance their product portfolios and expand their market presence. Competition is intense, with companies focusing on innovation and service offerings to gain a competitive edge. The market is expected to show steady growth across major European countries like Germany, France, and the United Kingdom, benefiting from robust healthcare infrastructure and higher healthcare spending per capita.
While market growth is projected to be consistent, potential restraints include rising costs of equipment and maintenance, stringent regulatory approvals for new technologies, and the increasing adoption of alternative imaging modalities like MRI in certain applications. However, the continuous innovation in CT technology, such as multislice CT and advanced image processing techniques, is expected to mitigate these challenges and drive market expansion. The high-slice CT segment is expected to witness considerable growth due to its superior image resolution and ability to handle complex cases. Further, the increasing adoption of AI-powered image analysis tools in conjunction with CT scans will contribute to improved diagnostic accuracy and efficiency, boosting market demand. Growth within the Musculoskeletal application area may show a slower rate due to the emergence of other effective and less expensive diagnostic tools.

CT Industry in Europe: Market Analysis & Forecast 2019-2033
This comprehensive report provides an in-depth analysis of the Computed Tomography (CT) industry in Europe, covering market trends, leading players, technological advancements, and future growth prospects. With a focus on the period 2019-2033, this report is essential for stakeholders seeking to understand and capitalize on opportunities within this dynamic sector. The study includes detailed segmentation 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 market value in 2025 is estimated at €XX Million.
CT Industry in Europe Market Composition & Trends
This section evaluates the European CT market's competitive landscape, encompassing market concentration, innovation drivers, regulatory influences, substitute technologies, end-user characteristics, and mergers & acquisitions (M&A) activity. The report analyzes the market share distribution among key players, including GE Healthcare, Siemens AG, and Canon Medical Systems, among others. The historical period (2019-2024) reveals a €XX Million market, with significant growth projected through 2033.
- Market Concentration: The European CT market exhibits a moderately concentrated structure, with the top five players holding approximately xx% of the market share in 2025.
- Innovation Catalysts: Technological advancements, such as AI-powered image analysis and improved detector technology, are driving market innovation.
- Regulatory Landscape: Stringent regulatory approvals and reimbursement policies influence market dynamics.
- Substitute Products: Alternative imaging modalities, like MRI and ultrasound, pose competitive pressure.
- End-User Profiles: Hospitals represent the largest end-user segment, followed by diagnostic centers.
- M&A Activity: The report analyzes completed M&A deals in the historical period (2019-2024), estimating a total value of €XX Million.

CT Industry in Europe Industry Evolution
This section details the evolution of the European CT industry, focusing on market growth trajectories, technological advancements, and shifting consumer demands. The report analyzes the historical growth (2019-2024) and projects future expansion (2025-2033), highlighting key trends shaping the market. Data points like compound annual growth rates (CAGR) and adoption rates of advanced technologies are included. The increasing prevalence of chronic diseases and the rising demand for advanced diagnostic imaging are major drivers. The market is expected to witness significant growth driven by technological advancements, increasing prevalence of chronic diseases, and rising healthcare expenditure.
Leading Regions, Countries, or Segments in CT Industry in Europe
This section identifies the dominant regions, countries, and segments within the European CT market. The analysis considers market size, growth rates, and key drivers for each segment. Detailed analysis will reveal the leading countries and their contribution to the overall market growth.
- Key Drivers (Examples):
- Germany: Strong healthcare infrastructure, high technological adoption, and favorable regulatory environment.
- United Kingdom: Significant investments in healthcare infrastructure and a growing demand for advanced imaging.
- France: High prevalence of chronic diseases driving demand for CT scans.
- High-Slice CT: The high-slice segment is expected to dominate due to superior image quality and faster scan times.
- Oncology Applications: The increasing prevalence of cancer is driving high demand for CT scans in oncology.
CT Industry in Europe Product Innovations
Recent product innovations in the European CT market showcase significant advancements in image quality, speed, and radiation dose reduction. Manufacturers are incorporating AI-powered image analysis tools for improved diagnostic accuracy and workflow efficiency. These advancements are driving market growth and improving patient care. Examples include multi-slice CT scanners with improved spatial resolution and reduced scan times, as well as advanced image reconstruction techniques.
Propelling Factors for CT Industry in Europe Growth
The growth of the European CT market is fueled by several factors:
- Technological Advancements: Continuous improvements in CT scanner technology, including faster scan times, improved image quality, and reduced radiation dose, are driving market growth.
- Economic Factors: Rising healthcare expenditure and increasing insurance coverage contribute to market expansion.
- Regulatory Support: Government initiatives promoting the adoption of advanced medical technologies further stimulate the market.
Obstacles in the CT Industry in Europe Market
Several factors hinder the growth of the European CT market:
- Regulatory Challenges: Stringent regulatory approvals and reimbursement policies can delay market entry for new technologies.
- Supply Chain Disruptions: Global supply chain issues can impact the availability and cost of CT scanners and components.
- Competitive Pressures: Intense competition among established players and the emergence of new entrants create pressure on pricing and profitability.
Future Opportunities in CT Industry in Europe
The European CT market presents several promising opportunities:
- Emerging Markets: Expansion into underserved markets with growing healthcare infrastructure.
- Technological Advancements: The development and adoption of AI-powered image analysis and other advanced technologies.
- Consumer Trends: The increasing demand for personalized and precise healthcare solutions.
Major Players in the CT Industry in Europe Ecosystem
- Trivitron Technologies
- GE Healthcare
- Hitachi Medical Systems
- Siemens AG
- Carestream Health
- Koninklijke Philips NV
- Canon Medical Systems
- Samsung Medison
- Planmeca Group (Planmed OY)
- Koning Corporation
- Shimadzu Corporation
- Fujifilm Holdings Corporation
Key Developments in CT Industry in Europe Industry
- June 2022: Siemens Healthineers launched innovations in SPECT/CT imaging at the European Congress of Radiology in Germany. The Symbia Prospecta, a SPECT/CT system with CE mark clearance, featuring advanced imaging technologies, was demonstrated.
- October 2022: GE Healthcare introduced the Omni Legend positron emission tomography/computed tomography platform at the 36th Annual congress of the European Association of Nuclear Medicine in Barcelona, Spain.
Strategic CT Industry in Europe Market Forecast
The European CT market is poised for significant growth in the forecast period (2025-2033), driven by technological advancements, rising healthcare expenditure, and the increasing prevalence of chronic diseases. Opportunities exist in emerging markets and the adoption of AI-powered image analysis tools. The market is expected to reach €XX Million by 2033, exhibiting a healthy CAGR.
CT Industry in Europe Segmentation
-
1. Type
- 1.1. Low Slice
- 1.2. Medium Slice
- 1.3. High Slice
-
2. Application
- 2.1. Oncology
- 2.2. Neurology
- 2.3. Cardiovascular
- 2.4. Musculoskeletal
- 2.5. Other Applications
-
3. End User
- 3.1. Hospitals
- 3.2. Diagnostic Centers
- 3.3. Other End-Users
CT Industry in Europe Segmentation By Geography
- 1. United Kingdom
- 2. Germany
- 3. France
- 4. Spain
- 5. Italy
- 6. Rest of Europe

CT Industry in Europe REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.16% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Incidence of Cancer & Chronic Diseases; Advancement in Technology
- 3.3. Market Restrains
- 3.3.1. Expensive Procedures and Instruments; Stringent Regulatory Framework
- 3.4. Market Trends
- 3.4.1. Oncology Segment is Expected to Hold the Largest Market Share in the European CT Market Over the Forecast Period
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Low Slice
- 5.1.2. Medium Slice
- 5.1.3. High Slice
- 5.2. Market Analysis, Insights and Forecast - by Application
- 5.2.1. Oncology
- 5.2.2. Neurology
- 5.2.3. Cardiovascular
- 5.2.4. Musculoskeletal
- 5.2.5. Other Applications
- 5.3. Market Analysis, Insights and Forecast - by End User
- 5.3.1. Hospitals
- 5.3.2. Diagnostic Centers
- 5.3.3. Other End-Users
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. United Kingdom
- 5.4.2. Germany
- 5.4.3. France
- 5.4.4. Spain
- 5.4.5. Italy
- 5.4.6. Rest of Europe
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. United Kingdom CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Low Slice
- 6.1.2. Medium Slice
- 6.1.3. High Slice
- 6.2. Market Analysis, Insights and Forecast - by Application
- 6.2.1. Oncology
- 6.2.2. Neurology
- 6.2.3. Cardiovascular
- 6.2.4. Musculoskeletal
- 6.2.5. Other Applications
- 6.3. Market Analysis, Insights and Forecast - by End User
- 6.3.1. Hospitals
- 6.3.2. Diagnostic Centers
- 6.3.3. Other End-Users
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. Germany CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Low Slice
- 7.1.2. Medium Slice
- 7.1.3. High Slice
- 7.2. Market Analysis, Insights and Forecast - by Application
- 7.2.1. Oncology
- 7.2.2. Neurology
- 7.2.3. Cardiovascular
- 7.2.4. Musculoskeletal
- 7.2.5. Other Applications
- 7.3. Market Analysis, Insights and Forecast - by End User
- 7.3.1. Hospitals
- 7.3.2. Diagnostic Centers
- 7.3.3. Other End-Users
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. France CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Low Slice
- 8.1.2. Medium Slice
- 8.1.3. High Slice
- 8.2. Market Analysis, Insights and Forecast - by Application
- 8.2.1. Oncology
- 8.2.2. Neurology
- 8.2.3. Cardiovascular
- 8.2.4. Musculoskeletal
- 8.2.5. Other Applications
- 8.3. Market Analysis, Insights and Forecast - by End User
- 8.3.1. Hospitals
- 8.3.2. Diagnostic Centers
- 8.3.3. Other End-Users
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Spain CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Low Slice
- 9.1.2. Medium Slice
- 9.1.3. High Slice
- 9.2. Market Analysis, Insights and Forecast - by Application
- 9.2.1. Oncology
- 9.2.2. Neurology
- 9.2.3. Cardiovascular
- 9.2.4. Musculoskeletal
- 9.2.5. Other Applications
- 9.3. Market Analysis, Insights and Forecast - by End User
- 9.3.1. Hospitals
- 9.3.2. Diagnostic Centers
- 9.3.3. Other End-Users
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Italy CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Low Slice
- 10.1.2. Medium Slice
- 10.1.3. High Slice
- 10.2. Market Analysis, Insights and Forecast - by Application
- 10.2.1. Oncology
- 10.2.2. Neurology
- 10.2.3. Cardiovascular
- 10.2.4. Musculoskeletal
- 10.2.5. Other Applications
- 10.3. Market Analysis, Insights and Forecast - by End User
- 10.3.1. Hospitals
- 10.3.2. Diagnostic Centers
- 10.3.3. Other End-Users
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Rest of Europe CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - by Type
- 11.1.1. Low Slice
- 11.1.2. Medium Slice
- 11.1.3. High Slice
- 11.2. Market Analysis, Insights and Forecast - by Application
- 11.2.1. Oncology
- 11.2.2. Neurology
- 11.2.3. Cardiovascular
- 11.2.4. Musculoskeletal
- 11.2.5. Other Applications
- 11.3. Market Analysis, Insights and Forecast - by End User
- 11.3.1. Hospitals
- 11.3.2. Diagnostic Centers
- 11.3.3. Other End-Users
- 11.1. Market Analysis, Insights and Forecast - by Type
- 12. Germany CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 13. France CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 14. Italy CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 15. United Kingdom CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 16. Netherlands CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 17. Sweden CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 18. Rest of Europe CT Industry in Europe Analysis, Insights and Forecast, 2019-2031
- 19. Competitive Analysis
- 19.1. Market Share Analysis 2024
- 19.2. Company Profiles
- 19.2.1 Trivitron Technologies
- 19.2.1.1. Overview
- 19.2.1.2. Products
- 19.2.1.3. SWOT Analysis
- 19.2.1.4. Recent Developments
- 19.2.1.5. Financials (Based on Availability)
- 19.2.2 GE Healthcare
- 19.2.2.1. Overview
- 19.2.2.2. Products
- 19.2.2.3. SWOT Analysis
- 19.2.2.4. Recent Developments
- 19.2.2.5. Financials (Based on Availability)
- 19.2.3 Hitachi Medical Systems
- 19.2.3.1. Overview
- 19.2.3.2. Products
- 19.2.3.3. SWOT Analysis
- 19.2.3.4. Recent Developments
- 19.2.3.5. Financials (Based on Availability)
- 19.2.4 Siemens AG
- 19.2.4.1. Overview
- 19.2.4.2. Products
- 19.2.4.3. SWOT Analysis
- 19.2.4.4. Recent Developments
- 19.2.4.5. Financials (Based on Availability)
- 19.2.5 Carestream Health
- 19.2.5.1. Overview
- 19.2.5.2. Products
- 19.2.5.3. SWOT Analysis
- 19.2.5.4. Recent Developments
- 19.2.5.5. Financials (Based on Availability)
- 19.2.6 Koninklijke Philips NV
- 19.2.6.1. Overview
- 19.2.6.2. Products
- 19.2.6.3. SWOT Analysis
- 19.2.6.4. Recent Developments
- 19.2.6.5. Financials (Based on Availability)
- 19.2.7 Canon Medical Systems
- 19.2.7.1. Overview
- 19.2.7.2. Products
- 19.2.7.3. SWOT Analysis
- 19.2.7.4. Recent Developments
- 19.2.7.5. Financials (Based on Availability)
- 19.2.8 Samsung Medison
- 19.2.8.1. Overview
- 19.2.8.2. Products
- 19.2.8.3. SWOT Analysis
- 19.2.8.4. Recent Developments
- 19.2.8.5. Financials (Based on Availability)
- 19.2.9 Planmeca Group (Planmed OY)
- 19.2.9.1. Overview
- 19.2.9.2. Products
- 19.2.9.3. SWOT Analysis
- 19.2.9.4. Recent Developments
- 19.2.9.5. Financials (Based on Availability)
- 19.2.10 Koning Corporation
- 19.2.10.1. Overview
- 19.2.10.2. Products
- 19.2.10.3. SWOT Analysis
- 19.2.10.4. Recent Developments
- 19.2.10.5. Financials (Based on Availability)
- 19.2.11 Shimadzu Corporation
- 19.2.11.1. Overview
- 19.2.11.2. Products
- 19.2.11.3. SWOT Analysis
- 19.2.11.4. Recent Developments
- 19.2.11.5. Financials (Based on Availability)
- 19.2.12 Fujifilm Holdings Corporation
- 19.2.12.1. Overview
- 19.2.12.2. Products
- 19.2.12.3. SWOT Analysis
- 19.2.12.4. Recent Developments
- 19.2.12.5. Financials (Based on Availability)
- 19.2.1 Trivitron Technologies
List of Figures
- Figure 1: CT Industry in Europe Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: CT Industry in Europe Share (%) by Company 2024
List of Tables
- Table 1: CT Industry in Europe Revenue Million Forecast, by Region 2019 & 2032
- Table 2: CT Industry in Europe Revenue Million Forecast, by Type 2019 & 2032
- Table 3: CT Industry in Europe Revenue Million Forecast, by Application 2019 & 2032
- Table 4: CT Industry in Europe Revenue Million Forecast, by End User 2019 & 2032
- Table 5: CT Industry in Europe Revenue Million Forecast, by Region 2019 & 2032
- Table 6: CT Industry in Europe Revenue Million Forecast, by Country 2019 & 2032
- Table 7: Germany CT Industry in Europe Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: France CT Industry in Europe Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Italy CT Industry in Europe Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: United Kingdom CT Industry in Europe Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Netherlands CT Industry in Europe Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Sweden CT Industry in Europe Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Rest of Europe CT Industry in Europe Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: CT Industry in Europe Revenue Million Forecast, by Type 2019 & 2032
- Table 15: CT Industry in Europe Revenue Million Forecast, by Application 2019 & 2032
- Table 16: CT Industry in Europe Revenue Million Forecast, by End User 2019 & 2032
- Table 17: CT Industry in Europe Revenue Million Forecast, by Country 2019 & 2032
- Table 18: CT Industry in Europe Revenue Million Forecast, by Type 2019 & 2032
- Table 19: CT Industry in Europe Revenue Million Forecast, by Application 2019 & 2032
- Table 20: CT Industry in Europe Revenue Million Forecast, by End User 2019 & 2032
- Table 21: CT Industry in Europe Revenue Million Forecast, by Country 2019 & 2032
- Table 22: CT Industry in Europe Revenue Million Forecast, by Type 2019 & 2032
- Table 23: CT Industry in Europe Revenue Million Forecast, by Application 2019 & 2032
- Table 24: CT Industry in Europe Revenue Million Forecast, by End User 2019 & 2032
- Table 25: CT Industry in Europe Revenue Million Forecast, by Country 2019 & 2032
- Table 26: CT Industry in Europe Revenue Million Forecast, by Type 2019 & 2032
- Table 27: CT Industry in Europe Revenue Million Forecast, by Application 2019 & 2032
- Table 28: CT Industry in Europe Revenue Million Forecast, by End User 2019 & 2032
- Table 29: CT Industry in Europe Revenue Million Forecast, by Country 2019 & 2032
- Table 30: CT Industry in Europe Revenue Million Forecast, by Type 2019 & 2032
- Table 31: CT Industry in Europe Revenue Million Forecast, by Application 2019 & 2032
- Table 32: CT Industry in Europe Revenue Million Forecast, by End User 2019 & 2032
- Table 33: CT Industry in Europe Revenue Million Forecast, by Country 2019 & 2032
- Table 34: CT Industry in Europe Revenue Million Forecast, by Type 2019 & 2032
- Table 35: CT Industry in Europe Revenue Million Forecast, by Application 2019 & 2032
- Table 36: CT Industry in Europe Revenue Million Forecast, by End User 2019 & 2032
- Table 37: CT Industry in Europe Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the CT Industry in Europe?
The projected CAGR is approximately 6.16%.
2. Which companies are prominent players in the CT Industry in Europe?
Key companies in the market include Trivitron Technologies, GE Healthcare, Hitachi Medical Systems, Siemens AG, Carestream Health, Koninklijke Philips NV, Canon Medical Systems, Samsung Medison, Planmeca Group (Planmed OY), Koning Corporation, Shimadzu Corporation, Fujifilm Holdings Corporation.
3. What are the main segments of the CT Industry in Europe?
The market segments include Type, Application, End User.
4. Can you provide details about the market size?
The market size is estimated to be USD 2.19 Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Incidence of Cancer & Chronic Diseases; Advancement in Technology.
6. What are the notable trends driving market growth?
Oncology Segment is Expected to Hold the Largest Market Share in the European CT Market Over the Forecast Period.
7. Are there any restraints impacting market growth?
Expensive Procedures and Instruments; Stringent Regulatory Framework.
8. Can you provide examples of recent developments in the market?
October 2022: GE Healthcare introduced Omni Legend positron emission tomography/ computed tomography platform at the 36th Annual congress of the European Association of Nuclear Medicine in Barcelona, Spain.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "CT Industry in Europe," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the CT Industry in Europe report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the CT Industry in Europe?
To stay informed about further developments, trends, and reports in the CT Industry in Europe, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence