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May-2022

Global CT Market Is Forecasted To Grow At A CAGR Of 4.54% From 2022 To 2027

Geographically, North America followed by APAC are expected to account for the most significant share of the global CT market during the forecast period.

As per our research report, the global CT market is predicted to grow at a CAGR of 4.54% from 2022 to 2027 and be worth USD 8.61 billion by 2027 from USD 6.9 billion in 2022.

Browse details of the report @ https://www.marketdataforecast.com/market-reports/global-ct-scan-market

The growing number of COVID-19 cases has boosted demand for CT scanners, which is projected to benefit the CT market. CT scans can help lower the probability of false-negative RT-PCR results. The country's need for CT scans increased because of these discoveries during COVID-19. Governments worldwide are establishing regulations to limit COVID-19 transmission, reducing the demand for non-COVID-19 imaging. The attempts of hospitals to boost crisis capacity are reducing the amount of proper medical imaging that can be safely performed. Furthermore, COVID-19 has increased the demand for accurate diagnosis and treatment worldwide. Several medical device manufacturing sector participants are always attempting to meet the growing demand for imaging solutions among healthcare professionals. For example, Samsung NeuroLogica hastened the production of a transportable CT scanner in February 2020 to help reduce the developing COVID-19 situation in China. Increased prevalence of cardiovascular diseases such as coronary heart disease and chronic diseases such as diabetes; rise in cases of infectious diseases such as COVID-19, the surge in demand for computed tomography scans to detect infection, and an increase in demand for computed tomography scans to determine efficacy. As a result of the growth of COVID-19 instances, computed tomography scans have grown, which is expected to boost the computed tomography market throughout the forecast period.

MARKET DYNAMICS:

The rising prevalence of chronic diseases is fuelling the growth of the CT market worldwide.

One of the primary trends affecting CT market demand through 2027 is the rising prevalence of chronic diseases globally. Changing lifestyle behaviors such as smoking and tobacco use, combined with rising levels of air pollution, will increase cancer prevalence. A CT scanning can also help with stroke diagnosis and therapy. Growing occurrences of risk factors such as sedentary lifestyle and obesity are some of the reasons that contribute to stroke. As a result, the demand for CT scanner devices would be impacted. These scanners allow doctors to distinguish between a stroke caused by a blood clot or bleeding in the brain. As a result, the increasing prevalence of chronic diseases and the vast range of applications in chronic disease treatment will have a substantial impact.

Technological Advancements are significantly boosting the growth rate of the CT market.

The market's key players are always involved in developing technologically improved products. CT scanners have significantly shortened hospital stays and improved cancer detection. CT scanning technology has advanced in recent years, removing dangerous radiation from patients, increasing speed, and improving image quality. The market is predicted to rise due to the development of accessories to enhance the quality of images obtained by conventional CT scanners. The introduction of advanced cone beam computed tomography (CBCT) devices significantly contributes to expanding CT's diagnostic imaging applications. Due to its efficiency and ability to manage enormous patient numbers, AI-based CT is expected to see a considerable uptake by 2027. Regulatory approval for these solutions is expected within the next two years. CT manufacturers could take advantage of the first-mover advantage by working with start-ups and offering transparent and flexible pricing.

High maintenance and installation costs are expected to restrain the CT market growth slightly.

One of the primary factors limiting the worldwide computed tomography (CT) market growth during the forecast period is the high cost of equipment maintenance and installation. Health-care facilities prefer low-cost reconditioned equipment over new products, which are likely to slow market growth throughout the forecast period. Major international and domestic companies have entered this lucrative market, providing low-cost refurbished equipment to healthcare facilities worldwide.

Strict rules & regulations are another significant challenges to the CT market.

Computed tomography market growth is projected to be hampered by strict rules governing CT system production. Regulations often increase the clearance time for new products, further hurting the market because makers of these systems are expected to follow rigorous quality standards in presentation.

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KEY MARKET INSIGHTS: 

Based on End-User, the market has divided into Hospitals, Diagnostic Centers Due to a large number of key players offering advanced computed tomography devices, increased demand to determine the efficacy of treatments, development of novel & innovative computed tomography systems, and advancement in R&D activities for diagnosis of various diseases, the hospitals segment dominated the market in 2020. This trend is expected to continue during the forecast period.

Based on region, North America is one of the largest in the world. United Imaging, a global leader in advanced medical imaging and radiation technology, said in 2020 that it would deploy easily transportable computed tomography (CT) scanners throughout the US to combat COVID-19. As a result of the COVID-19 outbreak, demand for CT scanners is projected to increase. The growing senior population in the United States is responsible for the market's expansion. More cancer cases and chronic diseases are anticipated to be discovered as the population ages. In the United States, an estimated 90 million CT scan treatments are performed each year. This, together with advances in computed tomography technology, will propel market expansion over the forecast period.

Canon Medical Systems Corporation, Fujifilm Holdings Corporation, GE Healthcare, Koning Corporation, Koninklijke Philips NV, Neurologica Corporation, Neusoft Medical Systems CO.Ltd., Shimadzu Corporation, Siemens Healthineers, and Stryker Corporation are some of the major players in the computed tomography market.

Recent Developments:

  • NAEOTOM Alpha, a photon-counting CT scanner cleared for clinical use in the United States and Europe, available in 2021 from Siemens Healthineers.
  • With the global launch of its spectrum detector-based Spectral Computed Tomography (CT) 7500 in 2021, Philips has launched its newest solution for precision diagnostics.
  • Waygate Technologies, a Baker Hughes company and a global pioneer in industrial inspection solutions, introduced its first high-energy Computed Tomography (CT) system in 2020.
  • Hitachi Healthcare Americas announced in 2020 that it opened a new specialized research and development facility in Twinsburg, Ohio, as part of its North American headquarters.

This report can be customized as per the requirements; talk to our team @ https://www.marketdataforecast.com/market-reports/global-ct-scan-market/customization

SEGMENTS ANALYZED UNDER THIS REPORT:

By Low-slice Type:           

  • Single Slice
  • Dual Slice

By Slice Type:           

  • 6 Slice
  • 10 Slice
  • 16 Slice
  • 32 Slice

By High-slice Type:         

  • 40 Slice
  • 64 Slice
  • Open Versions
  • Cardiac CT

By End-Users: 

  • Hospitals and Clinics
  • Imaging Centers
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Browse Regional Reports:

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WRITTEN BY: Market Data Forecast

Market Data Forecast