Number of pages: 100 | Report Format: PDF | Published date: March 14, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
Report Attribute |
Details |
Market Size Value in 2022 |
US$ 247.9 million |
Revenue Forecast in 2031 |
US$ 463.64 million |
CAGR |
7.2% |
Base Year for Estimation |
2022 |
Forecast Period |
2023-2031 |
Historical Year |
2021 |
Segments Covered |
Product, Application, End User, and Region |
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 point-of-care CT imaging systems market was valued at US$ 247.9 million in 2022 and is expected to register a revenue CAGR of 7.2% to reach US$ 463.64 million by 2031.
Point-of-care CT Imaging Systems Market Fundamentals
Point-of-care CT imaging systems are diagnostic imaging technology designed to provide high-quality CT (computer tomography) images in near real-time at the point of care. These systems are portable and compact and can be used in various clinical settings, such as emergency departments, operating rooms, intensive care units, and ambulatory surgery centers (ASCs). They are smaller and more mobile than traditional CT scanners, making them a more convenient and accessible imaging solution for healthcare providers. Traditional CT scanners are typically large and stationary, requiring a dedicated imaging room and infrastructure to support them. In contrast, point-of-care CT imaging systems can be easily transported between different clinical settings, making them a more versatile and flexible imaging solution. They also require less space, which can be especially important in crowded or limited areas. Overall, point-of-care CT imaging systems are an important tool for healthcare providers, offering a rapid and accessible imaging solution that can improve patient outcomes and reduce healthcare costs. With their smaller size and portability, these systems offer healthcare providers a versatile imaging option that can be used in a variety of clinical settings to provide high-quality diagnostic images.
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Point-of-care CT Imaging Systems Market Dynamics
The rising prevalence of chronic diseases, such as cancer, cardiovascular disease, and respiratory disease, are the primary drivers for the revenue growth of the global point-of-care CT imaging systems market. These systems are valuable tools for diagnosing and monitoring these diseases, making them an important technology for healthcare providers. For instance, according to the WHO’s February 2022 factsheet, cancer is one of the leading causes of death globally, causing around 10 million deaths in 2020, i.e., one in six deaths. The factsheet also stated that breast, rectum and colon, prostate, and lung are the most common cancer types. Advances in imaging technology have led to the development of more compact and portable CT scanners, making it easier for healthcare providers to bring imaging technology to the point of care. These advancements have also led to improved image quality and reduced radiation exposure, making point-of-care CT imaging systems a safer and more effective imaging solution, thus boosting the market. Additionally, key market players are continuously involved in collaborations, mergers, and acquisitions to upgrade and build new products in CT imaging systems, which is also helping in the development of the global point-of-care CT imaging systems market.
However, point-of-care CT imaging systems can be expensive to purchase and maintain, which can be a barrier for smaller healthcare facilities and clinics with limited budgets. This can restrict the adoption of this technology in certain markets. Moreover, point-of-care CT imaging systems compete with other imaging technologies, such as ultrasound and MRI. These alternative technologies can be more affordable or effective in certain clinical settings, limiting the adoption of point-of-care CT imaging systems. Additionally, regulatory challenges and limited availability of trained personnel are restraints for the overall point-of-care CT imaging systems market revenue growth.
Point-of-care CT Imaging Systems Market Ecosystem
The global point-of-care CT imaging systems market is analyzed from four perspectives: product, application, end-user, and region.
Point-of-care CT Imaging Systems Market by Product
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Based on the product, the global point-of-care CT imaging systems market is segmented into compact POC CT scanners and full-sized POC CT scanners.
The full-sized POC CT scanners segment dominated the market with the principal revenue share in 2022, attributed to the increasing prevalence of chronic diseases, such as cancer and cardiovascular diseases, and the growing demand for minimally invasive diagnostic procedures. Full-sized POC CT scanners are designed to provide high-quality diagnostic images in non-traditional settings, such as emergency rooms, operating rooms, and intensive care units. These scanners are larger and more powerful than other POC CT scanners and are often used to diagnose and treat patients with complex medical conditions. Full-sized POC CT scanners use X-rays and advanced computer algorithms to generate detailed, 3D images of the body’s internal structures. The images produced by these scanners are used to diagnose a wide range of medical conditions, including cancer, cardiovascular disease, and traumatic injuries. The most important advantage of these scanners is their speed. These scanners are designed to provide rapid, high-quality diagnostic images, especially in emergencies where timely diagnosis and treatment can be critical to patient outcomes. These factors contribute to the revenue growth of the full-sized POC CT scanners segment.
The compact POC CT scanners segment is expected to be the fastest-growing segment throughout the forecast period, due to its compact size and light weight. Compact POC CT scanners use the same technology as traditional CT scanners to produce detailed, 3D images of the body’s internal structures. Still, they are designed to be more mobile and easier to use in various settings. Additionally, these scanners are designed to be transported easily and quickly to the location where they are needed, which can be especially important in emergencies where rapid diagnosis and treatment are critical. These scanners can be used in many healthcare settings, including remote or underserved areas where access to traditional CT scanners may be limited. These aspects contribute to the revenue growth of the compact POC CT scanners segment.
Point-of-care CT Imaging Systems Market by Application
Based on the application, the global point-of-care CT imaging systems market is segmented into musculoskeletal, neurology, ENT, respiratory, and others.
The neurology segment dominated the market with the largest revenue share in 2022. Point-of-care CT imaging systems are advanced medical imaging devices that can be used in non-traditional healthcare settings, such as emergency rooms, operating rooms, and intensive care units. These devices can provide rapid and accurate brain and nervous system imaging, which can be critical in diagnosing and treating a wide range of neurological conditions. Neurology applications for point-of-care CT imaging systems include diagnosing and monitoring stroke, traumatic brain injury, brain tumors, and other neurological conditions. These imaging systems can provide high-resolution images of the brain and nervous system, allowing healthcare providers to diagnose these conditions and provide appropriate treatment quickly and accurately. Additionally, point-of-care CT imaging systems are often designed to be more compact and portable than traditional CT scanners. This can be especially important in neurology applications where patients cannot travel to a larger medical facility. This portability can also be useful for imaging patients in remote or underserved areas. These factors contribute to the development of the neurology segment.
Point-of-care CT Imaging Systems Market by End-user
Based on the end-user, the global point-of-care CT imaging systems market is segmented into hospitals, clinics, ambulatory surgery centers, and others.
The hospitals segment accounted for the principal revenue share of the market in 2022, owing to the high patient footfall. In the hospital setting, these imaging systems can be used for a variety of applications, including the diagnosis of traumatic injuries, stroke, cancer, and other conditions. Additionally, as technology advances, point-of-care CT imaging systems are anticipated to become even more important in the hospital setting, providing healthcare providers with advanced diagnostic capabilities that can improve patient outcomes and quality of care, propelling the revenue growth of the hospitals segment.
The ambulatory surgery centers segment is expected to be the fastest-growing segment throughout the forecast period. ASCs specialize in same-day surgical procedures and other medical interventions that do not require overnight hospitalization. ASCs often have limited space, and point-of-care CT imaging systems are designed to be more compact and portable than traditional CT scanners, making them an ideal choice for use in these facilities. These imaging systems can be easily transported to different areas of the ASCs as needed, allowing healthcare providers to offer patients high-quality diagnostic images without needing them to be transported to a larger medical facility. Additionally, point-of-care CT imaging systems can be an important cost-saving tool for ASCs. By providing high-quality in-house imaging, ASCs can avoid transporting patients to larger medical facilities for imaging, which can be costly and time-consuming. This can help reduce healthcare costs and improve patient satisfaction, and fuel revenue growth in the ambulatory surgery centers segment.
Point-of-care CT imaging systems Market by Region
Geographically, the global point-of-care CT imaging systems market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominated the global point-of-care CT imaging systems market with the largest revenue share in 2022, attributed to the presence of key market players and top-notch reimbursement policies. Additionally, companies across the region are continuously involved in launching new and improved products, which is also helping in the growth of the market.
Point-of-care CT Imaging Systems Market Competitive Landscape
The prominent players operating in the global point-of-care CT imaging systems market are:
Point-of-care CT Imaging Systems Market Strategic Developments
The global point-of-care CT imaging systems market was valued at US$ 247.9 million in 2022.
The rise in the prevalence of chronic diseases, advancements in imaging technology, and major players focusing on launching new and improved products are the factors driving the market revenue growth.
The point-of-care CT imaging systems market is expected to register a revenue CAGR of 7.2% during the forecast period from 2023 to 2031.
Some prominent players operating in the global point-of-care CT imaging systems market are NeuroLogica Corp., Thorlabs, Inc., KaVo Kerr, Carestream Health, and Koninklijke Philips N.V.
The regulatory challenges and limited availability of trained personnel are factors restricting the global market revenue growth to its full potential.
*Insights on financial performance are subject to the availability of information in the public domain