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Global Computed Tomography (CT) Market By Type (Low-Slice, Medium-Slice, High-Slice), By Application (Oncology, Cardiovascular, Neurology, Musculoskeletal, Pulmonary, Abdominal & Pelvic, Dental, Veterinary), By Technology (Stationary, Portable/Handheld, Dual-Source, Multi-Detector), By End-Users (Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers, Research Institutes, Academic Medi


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

Publisher : MIR | Format : PDF&Excel

Global Computed Tomography (CT) Market By Type (Low-Slice, Medium-Slice, High-Slice), By Application (Oncology, Cardiovascular, Neurology, Musculoskeletal, Pulmonary, Abdominal & Pelvic, Dental, Veterinary), By Technology (Stationary, Portable/Handheld, Dual-Source, Multi-Detector), By End-Users (Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers, Research Institutes, Academic Medi

Computed Tomography (CT) Market Size And Forecast

Computed Tomography (CT) Market size was estimated at USD 7.63 Billion in 2024 and is projected to reach USD 12.55 Billion by 2031, growing at a CAGR of 5.8% from 2024 to 2031.

  • Computed Tomography (CT) scans utilize X-rays to generate detailed cross-sectional images of internal organs, bones, and soft tissues.
  • Unlike conventional X-rays that produce a flat picture, CT scans offer a more comprehensive view, allowing for the detection of abnormalities, injuries, and tumors.
  • This technology is passively employed in various medical procedures for diagnosing diseases, planning surgeries, and monitoring treatment progress.
  • The key advantages of CT scans lie in their speed, accuracy, and minimal invasiveness compared to exploratory surgery.

Global Computed Tomography (CT) Market Dynamics

The key market dynamics that are shaping the computed tomography (CT) market include

Key Market Drivers

  • Rising Demand for Early and Effective DiagnosisIncreased emphasis is being placed on early and accurate detection of medical conditions. CT scans are passively deployed in diagnosing a wide range of diseases, from cancer and heart ailments to bone fractures and internal bleeding. This early detection allows for timely intervention and improved patient outcomes, propelling the CT market forward.
  • Growing Prevalence of Chronic DiseasesAn aging global population coupled with unhealthy lifestyles is leading to a rise in chronic illnesses like cancer, heart disease, and diabetes. As CT scans play a crucial role in diagnosing and managing these conditions, their demand is passively influenced by this growing disease burden.
  • Technological Advancements in CT ScannersThe CT market is constantly fueled by advancements in scanner technology. Developments such as multi-slice CT scanners, which capture multiple images in a single rotation, and CT scanners with reduced radiation exposure are being passively introduced. These innovations enhance image quality, speed up scan times, and improve patient safety, driving market growth.
  • Shifting Focus Towards Minimally Invasive ProceduresThe medical field is increasingly favoring minimally invasive procedures over exploratory surgeries. CT scans play a vital role in guiding these minimally invasive interventions, such as biopsies and targeted therapies. As the emphasis on minimally invasive procedures grows, the demand for CT scanners is passively amplified.

Key Challenges

  • High Installation and Maintenance Costs The initial purchase price of CT scanners is deemed significant. Specialized technicians are required for the installation, calibration, and ongoing maintenance of these complex machines, further straining healthcare budgets. Smaller hospitals and clinics in developing nations, where access to funding for such equipment is limited, may find this particularly burdensome.
  • Uncertain Reimbursement Scenarios Considerable variations in reimbursement policies for CT scans can be observed across different regions and healthcare systems. In some cases, hesitation to invest in new CT scanners may be experienced by hospitals due to concerns about receiving adequate reimbursement from insurance companies or government programs for the scans they perform. This uncertainty can create a barrier to wider adoption of the latest CT technology.
  • Skilled Workforce Shortage Trained technicians with expertise in radiation safety, image acquisition, and data analysis are required for the effective operation of CT scanners. However, a global shortage of qualified CT technologists, especially in rapidly growing healthcare markets, is observed. The expansion of the CT market may be potentially hindered by this lack of skilled personnel and may limit the number of CT scans performed.

Key Trends

  • Shifting Technological Landscape Advancements in CT technology are being passively incorporated by manufacturers. This includes the development of high-slice CT scanners that generate detailed images with faster scan times and lower radiation doses. Artificial intelligence (AI) is being integrated to improve image reconstruction and analysis, leading to more efficient diagnoses.
  • Expanding Applications in Diverse Medical Fields The utilization of CT scans is passively diversifying beyond traditional applications in radiology. Growth is seen in areas like image-guided therapy for cancer treatment and minimally invasive procedures in cardiology and orthopedics. This broader application base is contributing to the market’s expansion.
  • Growing Focus on Accessibility and Affordability In response to the rising demand for CT scans, efforts are being undertaken to make the technology more accessible and affordable. This includes the development of mobile CT scanners that can be deployed in remote locations and the introduction of refurbished or lower-slice CT scanners catering to budget-conscious healthcare facilities.
  • Evolving Regulatory Environment Regulatory bodies are passively implementing stricter guidelines for CT scan usage and radiation dose management. This trend is expected to influence the design and development of future CT scanners, with a focus on minimizing radiation exposure while maintaining image quality. These regulations will ensure patient safety while fostering innovation in the CT market.

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Global Computed Tomography (CT) Market Regional Analysis

Here is a more detailed regional analysis of the computed tomography (CT) market

Asia Pacific

  • A significant demand for medical equipment like CT scanners is created by a vast and growing population.
  • The increasing prevalence of chronic diseases in Asia Pacific fuels the need for advanced diagnostic tools like CT scans.
  • Rapid development of healthcare infrastructure in the region creates opportunities for CT scanner adoption.
  • Government support and investments in healthcare can further accelerate CT market growth in Asia Pacific. All these enable the region to hold a prominent market share.

North America

  • Well-equipped hospitals and clinics with a high adoption rate of advanced CT technology are boasted by North America, contributing to a strong healthcare infrastructure.
  • Good coverage for CT scans is often provided by insurance and government programs in North America, encouraging their use with high reimbursement rates.
  • Advanced research and development in the field is driven by leading medical technology companies in North America, who continuously innovate and introduce advanced CT scanner models.

Global Computed Tomography (CT) MarketSegmentation Analysis

The Global Computed Tomography (CT) Market is Segmented Based on Type, Application, Technology, End-Users, and Geography.

Computed Tomography (CT) Market, By Type

    • Low-Slice
    • Medium-Slice
    • High-Slice

Based on Type, the market is segmented into Low-Slice, Medium-Slice, and High-Slice. The high-slice CT scanner segment holds the highest market share, driven by their improved clinical utility, offering faster and more detailed scans for a wider range of applications.

Computed Tomography (CT) Market, By Application

  • Oncology
  • Cardiovascular
  • Neurology
  • Musculoskeletal
  • Pulmonary
  • Abdominal & Pelvic
  • Dental
  • Veterinary

Based on Application, the market is bifurcated into Oncology, Cardiovascular, Neurology, Musculoskeletal, Pulmonary, Abdominal & Pelvic, Dental, and Veterinary. The segment with the highest market share in the CT market is estimated to be Oncology. This dominance is likely driven by the increasing prevalence of cancer and the critical role of CT scans in cancer diagnosis, staging, and treatment monitoring.

Computed Tomography (CT) Market, By Technology

  • Stationary
  • Portable/Handheld
  • Dual-Source
  • Multi-Detector

Based on Technology, the market is classified into Stationary, Portable/Handheld, Dual-Source, and Multi-Detector. Stationary CT scanners are estimated to hold the highest market share, attributed to their wider application range, offering a balance between image quality and affordability.

Computed Tomography (CT) Market, By End-Users

  • Hospitals
  • Diagnostic Imaging Centers
  • Ambulatory Surgical Centers
  • Research Institutes
  • Academic Medical Centers
  • Specialty Clinics

Based on End-Users, the market is segmented into Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers, Research Institutes, Academic Medical Centers, and Specialty Clinics. Hospitals & Diagnostic Imaging Centers segment is estimated to hold the highest market share in the CT market. This dominance is driven by the high volume of CT scans performed for diagnosis and treatment purposes in these facilities.

Computed Tomography (CT) Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Computed Tomography (CT) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific region currently holds the highest market share, driven by a large and growing patient population with rising chronic disease rates, alongside increasing healthcare investment in the region.

Key Players

The “Computed Tomography (CT) Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Canon Medical Systems Corporation, FUJIFILM Holdings Corporation, GE Healthcare Technologies Inc., Koninklijke Philips N.V., Siemens Healthineers AG, Hitachi Ltd., Neusoft Medical Systems Co. Ltd., Shimadzu Corporation, Planmeca Group, and Stryker Corporation.

Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, product benchmarking, and SWOT analysis. The competitive landscape section also includes key development strategies, market share analysis, and market positioning analysis of the players above globally.

Computed Tomography (CT) Market Recent Developments

  • In February 2024, regulatory clearance was obtained by Koning Health from the Federal Authority for Nuclear Regulation (FANR) in the United Arab Emirates (UAE), marking a significant milestone in the expansion of the company and its dedication to global health innovation. With this regulatory approval, Koning is established as the pioneering provider of breast CT technology in the UAE, thereby setting a new standard in breast imaging and care within the region.
  • In January 2024, the acquisition of MIM Software, a leading provider of AI-based solutions for medical imaging analysis, was announced by GE HealthCare. Innovative radiation oncology, molecular radiotherapy, diagnostic imaging, and urology solutions are offered across various healthcare settings by MIM Software. GE HealthCare aims to utilize MIM Software’s advanced imaging analytics and digital workflow capabilities to drive innovation and enhance patient care in different care areas across the globe.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Canon Medical Systems Corporation, FUJIFILM Holdings Corporation, GE Healthcare Technologies Inc., Koninklijke Philips N.V., Siemens Healthineers AG, Hitachi Ltd., Neusoft Medical Systems Co. Ltd., Shimadzu Corporation, Planmeca Group, and Stryker Corporation

SEGMENTS COVERED

By Type, By Application, By Technology, By End-Users, and By Geography

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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