The Global Market for CT Scanners is Forecast to Reach US$5.7 Billion by 2020

Rising Cancer and CVD Incidence and the Resulting Need for Accurate Diagnosis Drives the CT Scanners Market, According to a New Report by Global Industry Analysts, Inc.
                                                                                                
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Computed Tomography (CT) Scanners market. The global market for CT Scanners is forecast to reach US$5.7 billion by 2020, driven by the growing prominence of image-guided interventions against the backdrop of the rising need for early and accurate diagnosis.

Computed Tomography Scanner (CT Scanner), also known as x-ray CT scanner and computerized axial tomography scanner (CAT scanner), enable advanced patient care by meeting imaging needs of different patients with unique diagnosis needs. CT scan, being a non-invasive, painless and comparatively safe procedure that doesn’t require any recovery time, is increasingly being used to assess body part’s shape/structure; to diagnose various health conditions; to aid planning of surgeries and radiotherapy; in the administration of radiation therapy; as a visual aid in interventional procedures such as biopsy; in bone strength determination, and as an alternative to select exploratory and diagnostic surgeries. Superior attributes of CT scanners over other imaging technologies that are driving its steady adoption include high image quality, outstanding flexibility, clinical excellence, dynamic acquisitions and reconstruction speeds, task automation, improved spatial resolution, low-contrast detectability, minimal siting impact, excellent reliability, high patient throughput and advanced patient care. The growing need for effective and early diagnosis is driving the demand for superior data images offered by CT systems, particularly in the field of oncology, cardiovascular and other chronic diseases.

The global CT scanners market is expected to witness healthy growth in the coming years, primarily driven by rising incidences of cardiovascular diseases (CVD), circulatory system diseases, spinal conditions; inflammatory diseases, kidney and bladder stones; and injuries to the head, skeletal system and internal organs. Other important growth drivers include expanding geriatric population in need of medical imaging, ever-improving image processing capabilities of CT scanners in delivering enhanced image quality with more contrast, and increasing shift of medical care towards image-guided interventions and minimally/non-invasive procedures for diagnosis and treatment of various common and life threatening diseases. Rising popularity of automated workflows in emergency clinical settings, increasing investments from public-private partnerships in medical imaging equipment, and adoption of micro-computed tomography in endodontic procedures, are also expected to benefit market prospects in the near term.

As stated by the new market research report on Computed Tomography (CT) Scanners, the United States represents the largest market worldwide, supported by aging baby boomers, the growing burden of chronic diseases especially cancer and the emergence of CT scans as standard imaging procedures mandatory during and after radiation therapy planning. Asia-Pacific represents the fastest growing market over the analysis period with a projected CAGR of 7.5%. Key factors driving growth in the region include growing government funding for improved healthcare infrastructure; increase in the number of private hospitals, clinics, and new hospitals; low CT scanner installation rate; steady economic development, and growing affluence of the expanding population base that can access and afford costly healthcare processes.

Key players covered in the report include GE Healthcare, Hitachi Medical Corporation, Hitachi Medical Systems America, Inc., NeuroLogica Corporation, Neusoft Medical Systems Co., Ltd., Philips Healthcare, Shenzhen Anke High-tech Co., Ltd., Siemens Healthcare, and Toshiba Medical Systems Corporation, among others.

The research report titled “Computed Tomography (CT) Scanners: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities of market participants.  The report provides market estimates and projections for major geographic markets, including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Segments analyzed in the report include 64-Slice and Below CT Scanners, and Above 64-Slice CT Scanners.


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