The size of the global CT Scan market was worth USD 6.6 billion in 2020. It is estimated to reach USD 8.2 billion by the end of 2024, at a CAGR of 4.54% between 2020 to 2025.
CT scan, Computed Tomography, is a body imaging technique that uses tomography and digital geometry to generate a 3D image of a body's internal organs. It uses two-dimensional x-rays taken around a single axis of rotation and then developed to form the 3D image. CT scanners' evolution has advanced to the point where the number of slices per rotation is no longer the benchmark for performance.
MARKET DRIVERS:
A rapid increase in demand for bedside imaging, home healthcare, and increasing CT Scan use to evaluate the efficiency of post-interventional medical procedures, medical implants, and anatomical confirmation are key factors propelling the market growth. The rising pervasiveness of diseases such as cancer, orthopedic, cardiovascular, and dental disorders will also improve the CT Scan Market's growth. Moreover, a perpetual increase in the number of medical implant operations due to lifestyles and a growing geriatric population base may increase the demand.
Additional drivers of growth include the growing demands for premium healthcare infrastructure from governments. Significant improvements in imaging technologies promise to enhance wellness through rapid and more accurate detection of medical conditions.
MARKET RESTRAINTS:
A rise in fiscal deficit may hinder the CT scan market growth in developed nations. Moreover, the CT imaging radiation dose continues to be an area of concern. Many patients and medical associations have raised this issue and raised their voices against CT scanning's possible side-effects. The industry focuses on reducing the exposure while ensuring the image quality of the CT Scan techniques.
Impact of COVID-19 on the global CT Scan market:
The global CT scan market had both positive and negative effects of the COVID-19 pandemic. Due to government lockdowns all over the globe, there was no movement for regular check-ups to hospitals. But at the same time, there was an increased inclination towards using a CT Scan to diagnose COVID-19. The Centers for Disease Control and Prevention (CDC) recommended against routine CT scans to diagnose COVID-19, based on false-positive rates, scanner contamination, and a lack of change in individual patient management. However, Chinese medical professionals were quick and effective in controlling the disease. Professional medical organizations globally agree that CT plays a crucial role in rapid identification, updated quarantining, and tailored public health models.
RT-PCR testing's slow speed and unreliable results became apparent in the early phases of COVID-outbreak only. CT Scan is far more sensitive, commonly detects the cases of swab misses. However, CT's higher sensitivity and real-time results come at the cost of increased false positives.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
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Base Year |
2019 |
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Forecast Period |
2020 to 2025 |
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Segments Covered |
By Slice Type, Low-slice Type, High-slice Type, End Users, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
GE Healthcare, Hitachi Medical Corporation, Hitachi Medical Systems America, Inc., NeuroLogica Corporation, Neusoft Medical Systems Co. Ltd., Philips Healthcare, Shenzhen Anke High-Tech Co., Siemens Healthcare, and Toshiba Medical Systems Corporation |
This research report on the global CT scan market has been segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2025.
CT Scan Market - By Low-slice Type:
The Single slice segment is witnessed, holding the market's highest shares based on the low-slice type. The rise in the number of patients suffering from chronic and infectious diseases prompts market demand. Increasing awareness over the utilization of advanced devices is leveling up the growth of the market.
CT Scan Market - By Slice Type:
CT Scan Market - By High-slice Type:
Based on High-slice Type, 40 slice category in high slice type leads with dominant shares of the market with the growing prevalence for the medical implants. Adoption of sedentary lifestyles and changes in food habits is likely to bolster the demand of the market.
CT Scan Market - By End-Users:
Based on End-Users, Hospitals, and clinics, end-user have dominant shares of the market. Increasing support from the government through investments in the constructional activities of the healthcare centers is lavishing the demand of the market. Also, the growing demand for quality diagnostic procedures is boosting up the growth of the CT scan market.
CT Scan Market - By Region:
Geographically, North America is witnessed in holding the highest shares of the Global CT Scan market with the quick adoption of advanced technology and the introduction of various devices in favor of the patient’s safety. With modern techniques, the devices allow the patient to have lower exposure to higher radiations, which promotes fewer side effects is enhancing the growth of the market in this region. Also, raising capita income in developed and developing countries is leveraging the growth of the market.
The Asia Pacific is following North America is dominating the largest shares of the market owing to the increasing aging population. Besides, increasing risks from colon cancer are escalating the demand for the CT scan market. Europe is accounted for in having an enormous growth rate and is also to have better growth opportunities in the coming years. Increasing expenditure on healthcare and having effective treatment procedures at any cost are boosting the market's growth rate in this region.
KEY MARKET PLAYERS:
Companies leading the Global CT Scan Market profiled in the report are GE Healthcare, Hitachi Medical Corporation, Hitachi Medical Systems America, Inc., NeuroLogica Corporation, Neusoft Medical Systems Co. Ltd., Philips Healthcare, Shenzhen Anke High-Tech Co., Siemens Healthcare, and Toshiba Medical Systems Corporation.
MAJOR HAPPENINGS IN THIS MARKET IN THE RECENT PAST:
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Low-slice type
5.1.1 Introduction
5.1.2 Single Slice
5.1.3 Dual Slice
5.1.4 Y-o-Y Growth Analysis, By Low-slice type
5.1.5 Market Attractiveness Analysis, By Low-slice type
5.1.6 Market Share Analysis, By Low-slice type
5.2 Mid-slice type
5.2.1 Introduction
5.2.2 6 Slice
5.2.3 10 Slice
5.2.4 16 Slice
5.2.5 32 Slice
5.2.6 Y-o-Y Growth Analysis, By Mid-slice type
5.2.7 Market Attractiveness Analysis, By Mid-slice type
5.2.8 Market Share Analysis, By Mid-slice type
5.3 High-slice type
5.3.1 Introduction
5.3.2 40 Slice
5.3.3 64 Slice
5.3.4 Open Versions
5.3.5 Cardiac CT
5.3.6 Y-o-Y Growth Analysis, By High-slice type
5.3.7 Market Attractiveness Analysis, By High-slice type
5.3.8 Market Share Analysis, By High-slice type
5.4 End-Users
5.4.1 Introduction
5.4.2 Hospitals and Clinics
5.4.3 Imaging Centers
5.4.4 Others
5.4.5 Y-o-Y Growth Analysis, By End-Users
5.4.6 Market Attractiveness Analysis, By End-Users
5.4.7 Market Share Analysis, By End-Users
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.4 Market Attractiveness Analysis
6.1.5 Market Share Analysis
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 GE Healthcare
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Hitachi Medical Corporation
8.3 Hitachi Medical Systems America
8.4 NeuroLogica Corporation
8.5 Neusoft Medical Systems
8.6 Philips Healthcare
8.7 Shenzhen Anke High-Tech
8.8 Siemens Healthcare
8.9 Toshiba Medical Systems Corporation
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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