CT Overlays Market
Number of pages: 100 | Report Format: PDF | Published date: March 23, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
|
CAGR |
4.1% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023-2031 |
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Historical Year |
2021 |
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Segments Covered |
Type, Patient Group, End-user, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global CT overlays market is expected to register a revenue CAGR of 4.1% during the forecast period from 2023 to 2031.
CT Overlays Market Fundamentals
CT overlays provide a surface in couch tops used by locking securely onto the cradle of the CT scan machine. They are portable and strong, making it simple to take them out and put them back in when using non-specialized imaging equipment. The attachment mechanisms guarantee that the top will remain level and stable during the imaging process once reinserted onto the cradle. Carbon fiber overlays ensure patient positional consistency when receiving treatment on a linear accelerator. CT scanning is becoming a primary radiological technique in routine clinical work. Due to the increased need for minimally invasive operations and better developments in CT technology, the market for CT scanners is expected to grow globally. In the last few years, CT has seen tremendous technological advancements that have improved cancer diagnosis, shortened hospital stays, and facilitated surgical planning.
Recent improvements in CT scan technology have reduced the hazardous radiation that patients are exposed to, allowing faster scan times and enhanced image quality. As CT scan radiation doses are substantially higher than those from conventional X-rays and pose serious long-term health hazards to patients, reducing radiation output has long been difficult for scientists working in CT scanning. Modern scanning methods have a significant radiation reduction during the scanning process. The latest diagnostics laboratories include a comprehensive scatter radiation protection system fully incorporated into the workflow of advanced CT overlays. The overlay replaces the patient mattress on the X-ray table with a revolutionary carbon fiber platform with radiation shielding. No matter where they are, it shields the whole medical staff, significantly lowering scatter radiation exposure. CT overlays have a passive layer of protection with an integrated antibacterial and impermeable surface and move with the patient and swing with the X-ray.
CT Overlays Market Dynamics
The introduction of technologically advanced computed tomography scanners is one of the major factors stimulating market revenue growth. The major players operating in the market are continuously involved in developing technologically advanced products. The new launch of different advanced CT overlays products and their benefits potentially influence the market’s revenue growth. CT scanners have significantly reduced the time of hospitalization and improved cancer diagnosis. Advances in CT scanning technology have led to the removal of harmful radiation to patients, increased speed, and improved image quality. The rise in the focus of leading manufacturers on technologically advanced products is propelling market revenue growth.
The main causes of the rising demand for CT scanners are the growing need for early-stage detection of chronic diseases and the expanding healthcare systems in emerging nations. The need for advanced imaging technologies, particularly computed tomography, and the rising prevalence of chronic diseases worldwide are expected to be impacted by this. A sizable patient pool for imaging operations is anticipated due to the rising number of patients with chronic illnesses. This is expected to directly influence the CT overlays market during the forecast period.
However, the high cost of raw materials is the most important factor hindering the global CT overlays market revenue growth. Also, carbon fiber conducts heat and electricity, and it might not be the optimal material for CT overlays.
CT Overlays Market Ecosystem
The global CT overlays market is analyzed from four perspectives: type, patient group, end-user, and region.
CT Overlays Market by Type
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Based on the type, the global CT overlays market is segmented into overlays and accessories & consumables.
The overlays segment accounted for the largest revenue share of the global CT overlays market in 2022. Carbon fiber overlays are the most used CT overlays owing to their several benefits. Carbon fiber has low density, high tensile strength, and stiffness. Most of the time, flat panels comprise a composite material of two plies of carbon fiber separated by a filler material used to create carbon fiber couches. The filler’s usage provides the material additional strength by creating a space between the two carbon fiber sheets. Carbon fibers have been demonstrated to be more radio-translucent than traditional materials used in producing radiotherapy devices in addition to these characteristics. According to studies, carbon fibers attenuate high-energy photon beams less than hardboard, co-polyester, and polymethyl methacrylate. Several carbon fiber loungers and inserts have been made available in healthcare settings. The carbon fiber CT overlay is a reliable, lightweight, and low-attenuating patient positioning tool. It makes it easier to use orthogonal X-ray imaging and cone beam CT. Yet, passing through this couch could result in severe beam attenuation. Furthermore, the freedom in beam incidences that may be achieved by combining gantry and couch rotations is a key component in formulating the ideal plan for IMRT and SRS. Given these degrees of freedom, it is possible that the beam would go through the sofa before it reaches the patient, which would cause an undesirable distortion of the desired dose distribution.
CT Overlays Market by Patient Group
Based on the patient group, the global CT overlays market is segmented into pediatric and adult.
The adult segment accounted for the largest revenue share of the global CT overlays market in 2022. One of the main factors impacting the demand for CT scanners is the rising prevalence of chronic diseases worldwide. Cancer cases are anticipated to rise much more due to lifestyle choices, such as smoking and tobacco, and environmental changes. The increasing incidences of risk factors, such as a sedentary lifestyle and obesity, are some of the variables that directly contribute to stroke. Rising stroke occurrences are expected to influence the demand for CT scanning devices. These scanners enable doctors to correctly distinguish a stroke from a blood clot or brain hemorrhage. Thus, the wide range of applications of the device in managing chronic diseases and the rising incidence of chronic diseases are projected to greatly impact the industry’s revenue growth.
The pediatric overlays segment is expected to show the fastest revenue growth in the global CT overlays market. A study conducted by Royal Derby Hospital, in the U.K., showed a definite step-change when switching from pediatric to adolescent services between the ages of 16 and 18. Children aged 10 to 15 had a mean rate of 6.7 per 1,000 patient episodes, while adults aged 19 to 24 had a mean rate of 19.8 per 1,000 patient episodes. For comparisons of the rates of CT scanning for consecutive 5-year periods using cut-offs of 16, 17, and 18, this difference of 13.1/1000 was changed but remained highly statistically significant. Thus, the increased rate of pediatric CT scans is the main factor responsible for segment revenue growth.
CT Overlays Market by End-user
Based on the end-user, the global CT overlays market is segmented into hospitals, diagnostic centers, ambulatory care centers, and others.
The hospitals segment accounted for the largest revenue share of the global CT overlays market in 2022. The market has seized the lead as hospitals gain more financial backing to invest in cutting-edge, front-line healthcare. Hospitals are the greatest site to get therapy as they carry all the diagnostic devices required to provide patients with complete care. The segment revenue growth is directly associated with the advancements in CT technologies and improving healthcare spending. The diagnosis process is made easier with the help of skilled doctors, surgeons, and other hospital professionals. Having adequate monetary support also enables hospitals to purchase advanced diagnostic equipment and cutting-edge, freshly developed diagnostics solutions. Thus, patients may depend on hospitals to get treatment regardless of their ability to pay.
CT Overlays Market by Region
Based on the region, the global CT overlays market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for the largest revenue share of the global CT overlays market in 2022. This market revenue growth in North America is driven by the increased acceptance of technologically advanced goods and the rising number of patients undergoing diagnostic imaging procedures in the region.
Due to rising chronic disease awareness, well-established healthcare facilities in Germany, France, and Italy, and increasing demand for modern healthcare systems, the market in Europe is predicted to develop at a considerable revenue CAGR during the forecast period.
Asia Pacific is expected to continue to grow at a higher revenue CAGR during the forecast period due to the increasing prevalence of chronic diseases, the expanding healthcare sector, and the significant unmet demand for advanced diagnostic systems in diagnostic centers. This presents enormous promise for new systems in this region, as does the fact that the established base of this equipment is substantial and outdated and needs to be replaced.
CT Overlays Market Competitive Landscape
The global CT overlays market has a modest level of competition due to new product releases, mergers, and acquisitions. The main development approaches that many organizations are targeting include the introduction of novel therapies, obtaining approval for those products, and participating in additional activities, such as awareness projects. Also, the market players view alliances, purchases, and other forms of cooperation as superior revenue growth strategies. These initiatives have increased the likelihood of successful future revenue growth possibilities in the market.
Notable market participants include:
The CT overlays provide a flat and stable surface for attaining specific patient positioning and indexation for maximum repeatability between CT imaging and linac treatment. As table curvature is eliminated, image fusion with CT images can be completed quickly.
The increasing rate of CT scans for the diagnostics of several chronic diseases is the major driving factor of the CT overlays market.
The high cost of the material inhibits the revenue growth of the global CT overlays market.
Key companies operating the global CT overlays market are Siemens Healthineers, Koninklijke Philips NV, Toshiba Corporation, Canon Medical Systems Corporation, GE Healthcare, and Fujifilm Holdings Corporation.
The global CT overlays market is expected to grow at a revenue CAGR of 4.1% during the forecast period from 2023 to 2031.
*Insights on financial performance are subject to the availability of information in the public domain