Computed Tomography (CT) Scanners Market
Number of pages: 100 | Report Format: PDF | Published date: October 04, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market size value in 2021 |
US$ 5.9 billion |
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Revenue forecast in 2030 |
US$ 9.23 Billion |
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Growth Rate |
CAGR of 5.10% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
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Segments covered |
Technology, Modality, Application, End User, and Region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global computed tomography (CT) scanners market was valued at US$ 5.9 billion in 2021 and is expected to register a revenue CAGR of 5.10% to reach US$ 9.23 billion by 2030
Market Fundamentals
A computed tomography (CT) scan is a non-invasive medical procedure that produces cross-sectional images of the body using specialized X-ray equipment. . A CT scanner includes a detector assembly that detects radiation leaving the patient and sends the information, known as primary data, to the host computer. After compiling and calculating the data according to a predetermined algorithm, the computer assembles the data in a matrix to form an axial image. Each image or slice is shown in a cross-sectional view, which provides information about the body's internal system.
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Market Dynamics
The global computed tomography (CT) scanners market revenue growth is mainly driven by the increasing prevalence of cardiovascular diseases, orthopedic diseases, and cancer. Additionally, perpetual technological advancement, commercialization, and the growing demand for image-assisted surgery contribute to the revenue growth of the global computed tomography (CT) scanners market. Moreover, the rising geriatric population, increasing rates of accident-associated trauma, and growing demand for imagining diagnostics services will accelerate the revenue growth rate of the global computed tomography (CT) scanners market. However, the high cost of machines and equipment, high maintenance costs, and limited adoption rate for novel and innovative products due to a lack of skilled professionals are restricting the market revenue growth to some extent.
Market Ecosystem
The global computed tomography (CT) scanners market is analyzed from five perspectives: technology, modality, application, end user, and region.
Computed Tomography (CT) Scanners Market by Technology
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Based on technology, the global computed tomography (CT) scanners market is segmented into high, mid, low, and cone beam computed tomography.
Slices are cross-sectional images of the body part. Low slice computed tomography (CT) scanner ranges between 8 slices to 32 slices. It is usually preferred by many clinics and radiology departments, and imaging diagnostics centers.
The low slice computed tomography (CT) scanner segment accounts for the largest revenue share in the global computed tomography (CT) scanners market owing to low cost, less maintenance, high demand in emerging countries, and a strong product portfolio. Moreover, technological advancements and increasing preference by diagnostic imaging centers are contributing to the revenue growth of the low slice computed tomography (CT) scanner.
The mid slice and high slice computed tomography (CT) scanners are expected to register exponential revenue growth during the forecast period owing to emerging technologies, low scanning time, less exposure to x-ray radiation, high-quality images, and precise diagnostics.
Computed Tomography (CT) Scanners Market by Modality
Based on modality, the global computed tomography (CT) scanners market is segmented into the O arm and C arm.
The O arm scanners segment is leading the global computed tomography (CT) scanners in terms of revenue because of a less complicated procedure, high imaging quality, high adoption rate, and launch of innovative products. Additionally, O-arm scanners provide precise, detailed, real-time imaging to assist surgeons. O-arm-assisted procedures are less invasive and require less recovery time, resulting in better outcomes.
Computed Tomography (CT) Scanners Market by Application
Based on application, the global computed tomography (CT) scanners market is segmented into orthopedics, cardiovascular, oncology, and neurology.
Computed tomography scans are preferred to find the location of cancer tumors in the body, learn more about tumor size and shape, and help doctors to predict the cancer stage and make treatment decisions.
The oncology segment is leading the global computed tomography (CT) scanners market in terms of revenue share. The large revenue share of this segment can be attributed to the increasing prevalence of cancer, technological advancement in imaging diagnostics, and high precision diagnostic of tumors and lumps. Additionally, the growing demand for CT- guided biopsy and increasing demand for treatment response observation contribute to the revenue growth of the segment.
The cardiovascular segment is also expected to register exponential revenue growth owing to the increasing prevalence of cardiovascular diseases and the growing geriatric population.
Computed Tomography (CT) Scanners Market by End User
Based on end users, the global computed tomography (CT) scanners market is segmented into hospitals & clinics, ambulatory surgical centers (ACS), and diagnostic imaging centers.
Hospitals and clinics are the leading end users in the global computed tomography (CT) scanners market owing to high patient footfall for diagnosis and treatment, emergency facilities, and in-house availability of all medical facilities in one place. Additionally, the transfer of patients to other imaging diagnostics centers is sometimes risky and challenging and provides advantages to the hospital and clinics equipped with computed tomography (CT) scanners.
Computed Tomography (CT) Scanners Market by Region
Based on region, the global computed tomography (CT) scanners market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
In terms of revenue share North America dominates the global computed tomography (CT) scanners market, followed by the Asia Pacific. The large revenue share of North America in the global market can be attributed to the swift approval of advanced technologies, developed healthcare infrastructure, and high healthcare expenditure.
Asia Pacific is also expected to register exponential revenue growth during the forecast period owing to its large population, increasing prevalence of chronic diseases, and rapidly evolving healthcare infrastructure.
Competitive Landscape
The prominent players operating in the global computed tomography (CT) scanners market are:
Strategic Development
North America and the Asia Pacific are the key revenue growth regions in the global computed tomography (CT) scanners market.
The growing prevalence of cancer, cardiovascular and orthopedic diseases, the introduction of novel and safer imaging technologies, and the increasing demand for image-assisted surgery drive the revenue growth of the global computed tomography (CT) scanners market.
The high cost of machines and equipment, high maintenance cost, and limited adoption due to a lack of skilled professionals are restricting the revenue growth of the global computed tomography scanners market.
Canon Medical Systems Corporation, Carestream Health, Fujifilm Corporation, GE Healthcare, General Electric Company, and Hitachi Ltd., are among the key players operating in the global computed tomography (CT) scanners market.
*Insights on financial permanence is subject to availability of information in public domain