The Global Market for CT Scanners is Forecast to Reach US$7.2 Billion by 2024

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$7.2 billion by 2024, driven by the growing prominence of image-guided interventions against the backdrop of rising incidence of cancer and CVD and resulting need for early and accurate diagnosis for better patient outcomes.

Computed tomography (CT) scanning is an X-ray based technology that generates cross-sectional images of the anatomy for diagnosis of diseases, for research purposes and for industrial and transportation applications.  In disease diagnosis, CT scanners use a rotating X-ray assembly that illuminates the body as it revolves around the patient to deliver excellent 3D images, which can be manipulated to produce images from different angles. These scanners can detect all trauma cases and are mostly used for diagnosing conditions affecting the central nervous system, as well as to detect tumors and cysts. Whichever is the imaging application, CT scanners deliver robust benefits such as high-image quality, outstanding flexibility, dynamic acquisitions, reconstruction speeds, improved spatial resolution, low-contrast detectability, minimal siting impact, and high throughput, all of which strongly advocate their use case in medical imaging.

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 8%. 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 in the market include Canon Medical Systems Corporation, GE Healthcare, Hitachi Healthcare Americas, Hitachi Ltd., Koninklijke Philips N.V., NeuroLogica Corporation, Neusoft Medical Systems Co. Ltd., Shenzhen Anke High-tech Co. Ltd., and Siemens Healthineers 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.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.

To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.