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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