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CT Scanner Market By Device Architecture (C-Arm CT Scanners, O-Arm CT Scanners), Type (Stationary CT Scanners, Portable CT Scanners), End- User (Hospitals and Diagnostic Centers, Veterinary Clinics and Hospitals), Application (Human, Veterinary), & Region for 2024-2031


Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

CT Scanner Market By Device Architecture (C-Arm CT Scanners, O-Arm CT Scanners), Type (Stationary CT Scanners, Portable CT Scanners), End- User (Hospitals and Diagnostic Centers, Veterinary Clinics and Hospitals), Application (Human, Veterinary), & Region for 2024-2031

 CT Scanner Market Valuation – 2024-2031

There is an increasing demand for early and precise identification of a wide spectrum of medical diseases. CT scanners play an important role in modern healthcare because they provide comprehensive cross-sectional images of interior organs and structures, which aid in the diagnosis and characterization of diseases such as cancer, cardiovascular ailments, and neurological conditions. As healthcare systems around the world emphasize the need of early detection for improved patient outcomes and lower treatment costs, the use of CT scanners is propelling the market growth surpassing USD 7.09 Billion in 2023 and reaching USD 10.06 Billion by 2031.

Furthermore, advances in CT technology, such as faster scan times, higher image quality, and lower radiation exposure, improve diagnostic capabilities while increasing patient comfort and safety. The increasing use of CT scanners in emergency care, oncology, and routine screenings adds to their growing importance in medical diagnostics innovation is expected to grow at a CAGR of about 4.92% from 2024 to 2031.

 CT Scanner MarketDefinition/ Overview

A Computed Tomography (CT) scanner is a high-tech medical imaging device that employs X-rays and computer processing to generate comprehensive cross-sectional images of the body’s internal components. It delivers essential diagnostic information in a variety of medical specialties, including oncology, cardiology, neurology, and emergency medicine, by seeing anatomical details at high resolution and clarity.

CT scanners are essential for detecting and monitoring cancers, fractures, vascular disorders, and strokes. Future improvements in CT technology aim to increase imaging capabilities through innovations such as shorter scan times, lower radiation exposure, higher spatial resolution, and the incorporation of artificial intelligence for automated picture interpretation and individualized treatment planning. These advancements promise to significantly improve diagnostic accuracy, patient outcomes, and the efficiency of healthcare delivery by situating CT scanners at the forefront of medical imaging innovation.

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Will Increasing Demand for Early and Acute Diagnosis of Medical Conditions Drive the CT scanner Market?

The advancements in CT imaging is leading to significant advancements in diagnostic accuracy and patient safety. High-resolution imaging, portable CT scanners, and AI integration are improving CT scanner capabilities, reducing scan times and advancing workflow efficiencies. The global increase in cancer incidence is fueling the demand for advanced CT imaging solutions. CT angiography is increasingly used to diagnose cardiovascular diseases, particularly in aging populations. The aging global population also requires more medical imaging for routine health checks and disease management.

Minimally invasive diagnostic methods are in high demand due to patient safety and comfort. CT scans provide detailed images that reduce the need for exploratory surgery. Investments in healthcare infrastructure, including expanding hospitals and diagnostic centers in emerging markets, have broadened the accessibility of advanced medical imaging technologies like CT scanners. Improved insurance coverage for diagnostic imaging procedures has made CT scans more accessible to a broader segment of the population.

Healthcare spending and economic growth are increasing healthcare spending, including investments in advanced medical equipment like CT scanners. The COVID-19 pandemic has also temporarily spiked demand for lung imaging equipment, which has been pivotal in assessing respiratory infections and monitoring disease progression in COVID-19 patients. Overall, CT imaging continues to play a vital role in the healthcare industry.

Will Rising High Maintaining Cost of Scanner Systems Hinder the Growth of the CT scanner Market?

The rising costs of maintaining CT scanning systems do offer a substantial barrier, potentially impeding market expansion. CT scanners are sophisticated medical devices that require frequent maintenance, calibration, and updates to ensure peak performance and adherence to strict quality requirements. These maintenance tasks are critical for increasing uptime, reducing downtime, and providing accurate diagnostic imaging capabilities. However, the expenses associated with servicing and maintaining CT scanners can be significant, including labor costs for skilled service specialists, replacement parts, software upgrades, and regulatory compliance.

The initial capital expenditure necessary to purchase CT scanner systems is already significant, and the additional expenses for maintenance and service contracts can put a burden on budgets, especially in smaller healthcare institutions and facilities with limited resources. As a result, some healthcare facilities may struggle to allocate adequate cash for routine maintenance and may delay critical upgrades or repairs, thereby jeopardizing the dependability and lifetime of CT scanner equipment.

Additionally, the rapid pace of technological progress in CT scanner equipment demands frequent upgrades and software updates in order to remain competitive and compatible with changing regulatory requirements. These developments frequently necessitate considerable financial investments, adding to the overall cost of ownership. Healthcare facilities must strike a balance between investing in cutting-edge equipment to maintain high levels of patient care and minimizing operational costs to ensure financial viability.

Furthermore, the COVID-19 pandemic has exacerbated these issues by interrupting supply chains, increasing demand for imaging services, and putting a pressure on global healthcare resources. Healthcare providers have faced growing operational challenges and financial pressures, influencing their decisions on equipment maintenance and investment objectives. Addressing escalating CT scanner maintenance costs necessitates novel techniques, such as predictive maintenance technologies, strategic relationships with service providers, and attempts to maximize equipment use and efficiency.

Category-Wise Acumens

Will Rising Demand for C-Arm Scanner Drive the CT Scanner Market?

Rising demand for C-Arm scanners is expected to considerably drive the CT scanner market, owing to a number of important factors. C-Arm scanners are versatile imaging devices that are used extensively in diagnostic and interventional treatments across a wide range of medical professions. They offer real-time, high-resolution imaging to aid in precise guidance during operations, minimally invasive treatments, and interventions in orthopedics, neurosurgery, cardiology, and vascular surgery. Their capacity to take dynamic images from various angles in real time enables healthcare personnel to monitor procedure progress, assure correct instrument and implant placement, and promptly handle any issues that may emerge.

The increasing use of less invasive surgical methods is driving up demand for C-Arm scanners. As both healthcare practitioners and patients seek alternatives to traditional open surgeries, minimally invasive techniques give advantages such as faster recovery periods, less post-operative problems, and shorter hospital stays. C-Arm scanners play an important role in these treatments because they allow surgeons to navigate intricate anatomy with improved visibility, ensuring precise tool placement and little tissue damage.

Furthermore, advances in C-Arm technology, such as higher image resolution, increased software capabilities for 3D imaging and image fusion, and integration with navigation systems and robots, increase their utility and appeal. These technical advances not only improve diagnostic accuracy, but they also broaden the range of treatments that can benefit from C-Arm assistance. As a result, healthcare organizations are progressively investing in C-Arm scanners to improve their capabilities, attract experienced surgeons, and provide patients with cutting-edge care.

The aging population and rising frequency of chronic diseases are driving up demand for C-Arm scanners. Conditions including osteoarthritis, cardiovascular disease, and neurological illnesses frequently necessitate surgical operations in which C-Arm guidance is critical for best results. As the demographic profile of patients requiring such treatments expands, so will demand for C-Arm scanners, propelling market growth.

Additionally, O-arm CT scanners are the market’s fastest expanding sector. These devices are specifically intended for intraoperative use and provide high-resolution 3D imaging right in the operating room. O-Arm CT scanners allow surgeons to verify implant placement, evaluate surgical outcomes, and make real-time modifications during surgeries, which is crucial for attaining the best surgical results. The rapid rise of O-Arm CT scanners is being driven by the rising acceptance of minimally invasive surgical techniques, as well as the demand for improved imaging systems to support these procedures. Their potential to improve surgical precision and patient outcomes demonstrates their growing importance in modern healthcare, particularly in specialized surgical settings.

Will Increasing Usage of Stationary Scanner Fuel the Growth of CT Scanner Market?

The rising use of stationary CT scanners is expected to cause significant growth in the CT scanner market, owing to a number of major factors. Stationary CT scanners are key diagnostic instruments in modern healthcare facilities, providing high-resolution imaging capabilities necessary for effective diagnosis and treatment planning across a wide range of medical specialties. These scanners produce comprehensive cross-sectional images of the body’s internal components, allowing healthcare providers to see anatomical abnormalities, detect diseases like cancer and cardiovascular problems, and track therapy efficacy over time.

A rise in frequency of chronic diseases and age-related ailments around the world is driving up the use of stationary CT scanners. As the population ages and lifestyles contribute to illness incidence, there is a greater need for sophisticated diagnostic imaging technology to aid in early detection, timely intervention, and effective disease management. Stationary CT scanners play an important role in satisfying these healthcare needs because they give precise diagnostic information that allows providers to make informed clinical decisions and enhance patient outcomes.

Additionally, technical developments in stationary CT scanners improve their diagnostic capabilities and clinical relevance. Multi-slice CT technology, dual-energy CT, and advanced image reconstruction algorithms all help to increase image quality, speed up scan times, and expose patients to less radiation. These developments not only improve diagnostic accuracy, but also increase patient comfort and safety, making stationary CT scanners more appealing to both healthcare practitioners and patients.

Furthermore, incorporating artificial intelligence (AI) and machine learning algorithms into stationary CT scanners is transforming diagnostic imaging. AI-powered image analysis systems can help radiologists spot minor anomalies, automate image interpretation, and forecast patient outcomes based on imaging results. This integration not only improves workflow efficiency, but it also promotes customized medicine approaches by adapting treatment regimens to unique patient characteristics.

Portable CT scanners are the fastest-growing sector in the industry. These small and portable imaging devices are intended for use in point-of-care settings, including critical care units, emergency rooms, and surgical operations. Portable CT scanners provide flexibility when imaging critically ill or immobile patients who cannot be easily transported to traditional imaging facilities. They provide real-time diagnostic information, allowing healthcare providers to make quick clinical judgments and change treatment programs. The growing use of telemedicine and remote healthcare solutions increases demand for portable CT scanners, which enable diagnostic imaging in remote or underdeveloped locations where access to regular imaging facilities may be limited.

Gain Access into CT Scanner Market Report Methodology

Country/Region Wise Acumens

Will Increasing High Expenditure in North America Drive the CT Scanner Market?

Increasing high expenditure in North America is a prominent driver of the CT scanner market, aided by a number of key reasons. To begin, the region’s high per capita healthcare expenditure, notably in the United States, demonstrates a strong investment in healthcare infrastructure and medical technologies. This financial commitment allows healthcare facilities to purchase and upgrade innovative imaging equipment, such as CT scanners, ensuring them have access to cutting-edge diagnostic capabilities to fulfill patient demands.

The high frequency of chronic diseases such as cardiovascular disease and cancer in North America demands frequent diagnostic imaging, especially CT scans, for early detection and treatment monitoring. CT scanners serve an important role in providing comprehensive anatomical information swiftly and non-invasively, allowing for accurate diagnoses and appropriate intervention. The growing demand for efficient healthcare solutions drives the adoption of CT scanners, which is fueled by technological improvements that improve imaging quality, shorten scan durations, and lower radiation exposure.

The aging population in North America greatly increases the demand for healthcare services and diagnostic imaging. As the population ages, there is a greater prevalence of age-related diseases and chronic ailments that necessitate diagnostic imaging for complete therapy. CT scanners, which can create comprehensive cross-sectional images of inside structures, are critical in diagnosing and monitoring various health issues, sustaining market expansion.

Furthermore, supporting regulatory frameworks and advantageous reimbursement policies in North America play a critical role in driving market growth. Regulatory authorities like as the FDA (Food and Drug Administration) guarantee that CT scanners fulfill high safety and efficacy criteria, creating confidence between healthcare providers and patients. Public and private healthcare insurers’ reimbursement policies encourage healthcare institutions to invest in modern imaging equipment, such as CT scanners, by covering a large amount of the procedure expenses. These characteristics, taken together, offer a favorable environment for market expansion, promoting ongoing innovation and use of CT scanner technologies to enhance patient outcomes and healthcare efficiency in North America.

Will Rising Prevalence of Chronic Diseases in Asia-Pacific Propel the CT Scanner Market?

The increasing frequency of chronic diseases in the Asia-Pacific region is a major driver of the CT scanner market. Several factors influence this tendency, including population shifts, lifestyle changes, and enhanced healthcare infrastructure. As Asia-Pacific countries expand economically and urbanize, sedentary lifestyles, bad diets, and environmental factors contribute to an increase in chronic ailments such as cardiovascular disease, cancer, and respiratory infections.

Many Asian-Pacific countries’ healthcare systems are reacting to these health concerns by focusing on early detection and effective chronic illness management. CT scanners are especially useful in this area since they provide thorough imaging that aids in the appropriate diagnosis, staging, and monitoring of various disorders. CT scans, for example, are critical for detecting tumors, determining the extent of cardiovascular illness, and evaluating lung problems, allowing healthcare practitioners to modify treatment plans and treatments accordingly.

Furthermore, the aging population in Asia-Pacific is a major demographic driver of chronic illness prevalence. As life expectancy rises and birth rates fall, an increasing share of the older population becomes vulnerable to chronic illnesses. CT scanners are essential instruments in geriatric care, allowing healthcare providers to monitor age-related illnesses such as osteoporosis, dementia-related changes, and numerous malignancies that grow more common as people age.

Government activities and healthcare reforms in Asia-Pacific are focused at improving healthcare access and quality, including the upgrade of medical facilities and diagnostic capacities. Investments in healthcare infrastructure, particularly the purchase of advanced medical imaging devices such as CT scanners, are critical components of these projects. Governments are also focused on preventative healthcare methods and early intervention programs, which is driving increasing demand for diagnostic imaging technologies to assist these public health initiatives.

Competitive Landscape

The competitive landscape of the CT scanner market is characterized by intense competition and rapid technological advancements. Key factors driving competition include the continual introduction of advanced imaging technologies such as multi-slice and high-resolution CT scanners, which offer improved diagnostic accuracy and patient comfort. Market players are focusing on research and development to innovate new features like dose reduction techniques, AI integration for image analysis, and enhanced workflow efficiency. Additionally, partnerships, mergers, and acquisitions are common strategies among companies aiming to expand their market presence and technological capabilities. Regulatory compliance and adherence to stringent quality standards also play a crucial role in maintaining competitiveness and fostering trust among healthcare providers globally.

Some of the prominent players operating in the CT scanner market include

Toshiba Corporation, Accuray Incorporated, GE Healthcare, Medtronic Plc, Hitachi Ltd., Koninklijke Philips N.V., Siemens AG, Carestream Health, Inc., Shenzhen Anke High-Tech Co., Ltd., Neusoft Corporation, Samsung Electronics Co., Ltd., Shimadzu Corporation.

Latest Developments

  • In April 2023, Arineta Cardiac Imaging received FDA approval for their Spotlight family of cardiovascular CT scanners. These scanners offer high temporal resolution and are suitable for cardiac scans (including coronary CT angiography) and thoracic clinical applications like lung cancer screening.
  • In April 2022, Siemens Healthineers recently opened a new production line in Bengaluru, India, dedicated to CT scanners. This move aims to boost the expansion of medical products in India while also potentially increasing worldwide CT scanner availability.
  • In June 2024, Siemens Healthineers has completed the European launched of the Biograph Trinion, a PET/CT scanner with a variety of clinical capabilities and a low lifetime operational cost. The scanner’s architecture includes a scalable, air-cooled digital detector based on lutetium oxyorthosilicate (LSO) crystal components.

Report Scope

Report AttributesDetails
Study Period

2018-2031

Growth Rate

CAGR of ~4.92% from 2024 to 2031

Base Year for Valuation

2023

Historical Period

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Device Architecture
  • Type
  • End-User
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Toshiba Corporation, Accuray Incorporated, GE Healthcare, Medtronic Plc, Hitachi Ltd., Koninklijke Philips N.V., Siemens AG, Carestream Health, Inc., Shenzhen Anke High-Tech Co., Ltd., Neusoft Corporation, Samsung Electronics Co., Ltd., Shimadzu Corporation.

Customization

Report customization along with purchase available upon request

 CT Scanner Market, By Category

Device Architecture

  • C-Arm CT Scanners
  • O-Arm CT Scanners

Type

  • Stationary CT Scanners
  • Portable CT Scanners

End- User

  • Hospitals and Diagnostic Centers
  • Veterinary Clinics and Hospitals

Application

  • Human
  • Veterinary

Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Research Methodology of Market Research

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )