Report ID: 10325834 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Computed Tomography Market By Technology (High-End Slice, Mid-End
Slice, Low-End Slice, and Cone Beam Technology), By Application (Oncology,
Neurology, Cardiovascular, Musculoskeletal, and Others), By End-users
(Hospitals, Diagnostic Centers, and Others), and By Regions (North America,
Europe, Asia Pacific, and Rest of the World): Forecast up to 2025
This market research report includes a detailed segmentation of the global
computed tomography market – by technology (high-end slice, mid-end slice, low-
end slice, and cone beam technology), by application (oncology, neurology,
cardiovascular, musculoskeletal, and others), by end-users (hospitals, diagnostic
centers, and others), and by regions (North America, Europe, Asia Pacific, and Rest
of the World).
Overview of the Global Computed Tomography Market Research:
Infoholic’s market research report predicts that the global computed tomography
market will grow at a CAGR of 5.5% during the forecast period 2019–2025. A
computed tomography (CT) scan combines data from several X-rays to produce a
detailed image of structures inside the body. The images obtained from CT scans
provide more detailed information than typical X-ray images. They can be used to
visualize soft tissues, blood vessels, and bones in various parts of the body to detect
any disease conditions.
High prevalence of chronic diseases coupled with the growing elderly population,
increasing demand for early diagnosis, and increased clinical efficacy of computed
tomography are few of the factors driving the market growth. According to an
estimation, in the US, an estimated 1.8 million new cancer cases diagnosed in 2019
and Canada has an estimated 220,400 new cancer diagnoses and 82,100 deaths
from cancer in 2019. According to the National Cancer Institute, nearly 60% of new
cases of cancer are from Asia, Africa, Central and South American countries and
nearly 70% of cancer deaths are also from these regions. However, unfavorable
reimbursement, risk of exposure to radiation, and strict regulatory framework are
few of the factors that may prove detrimental for the market.
Increasing awareness about early diagnosis, improving healthcare expenditure in
developing markets, and advancements in technology are anticipated to enhance
the revenue of the computed tomography market in the next few years. The
increasing disease cases and continuous advancement ensure constant growth of
the market during the forecast period 2019–2025.
•Increasingawarenessinearlydiagnosisandimprovinghealthcareexpenditure•AdvancementincomputedtomographyOpportunities
Risk•Unfavorablereimbursementscenario•Riskofexposuretoradiation
Drivers•Highprevalenceofchronicdiseasecoupledwithgrowingelderlypopulation•Increasingdemandforearlydiagnosisandincreasedclinicalefficacyofcomputedtomography
Market dynamics
Theintroductionofnewproductsisoneofthekeystrategiestostrengthenthepositioninthemarket.Forinstance,inMarch2019,SiemensHealthineersannouncedthelaunchofSOMATOMgo.TopCardiovascularEdition,anewversionoftheestablishedCTsystem,intendedtodeliverarobustcardiacscanningplatformaimedatrangingimagingservicestopatientswhocanbeoptimallytreatedinacardiovascularofficesetting.CAGR of 5.5%: 2019–2025
CAGR >6.5%
The industry generates the majority of the revenue from the key players operating
in this field; few of them include Canon Medical System Corporation, General
Electric Company, Siemens Healthineers AG, Koninklijke Philips NV, and Fujifilm
Holdings Corporation.
According to the Infoholic Research analysis, North America accounted for the
largest share of the global computed tomography market in 2018 and will retain a
high position during the forecast period. North America is followed by Europe, with
a share of more than 25% of the global market in 2018.
By Technology:
ï‚· High-End Slice
ï‚· Mid-End Slice
ï‚· Low-End Slice
ï‚· Cone Beam Technology
In 2018, the low-end slice segment accounted for the largest share and cone beam
technology is expected to grow at a high CAGR during the forecast period
2019–2025. Increasing application of the technology, growing demand in dentistry,
compact size and less exposure to radiation make the segment grow at the highest
CAGR during the forecast period 2019–2025.
By Application:
ï‚· Oncology
ï‚· Neurology
ï‚· Cardiovascular
ï‚· Musculoskeletal
ï‚· Others
Based on application, oncology dominated the market in 2018 with a maximum
share and is expected to maintain this position throughout the forecast period.
Increased prevalence of cancer and growing usage of CT scans in various cancer
types made oncology segment, the major shareholder in 2018.
By End-user:
ï‚· Hospitals
ï‚· Diagnostic Centers
ï‚· Others
Hospitals occupied a significant share among various end-users in 2018 due to the
high number of patient admissions, repeated scans for an accurate diagnosis before
and after surgery to determine treatment effectiveness.
By Regions:
ï‚· North America
ï‚· Europe
ï‚· Asia Pacific
ï‚· Rest of the World
Based on geography, North America dominated the market in 2018 with a market
share of approximately 40% and is expected to grow at mid-single-digit CAGR during
the forecast period 2019–2025. The high incidence of disease, increasing adoption
of the computed tomography, availability of new technologies, and high disposable
income make the region a dominant shareholder in the global computed
tomography market.
Global Computed Tomography Market Research Competitive Analysis: The
market is growing at a steady rate with a CAGR of 5.5% during the forecast period
2019–2025. The increasing incidence of cancer, cardiovascular diseases, and other
chronic disorders has resulted in the need for improved imaging techniques and to
fulfill this requirement, various companies are launching new CT systems. Many
companies are also investing more and collaborating with new companies to
commercialize and develop new CT devices. For instance, FUJIFILM Medical Systems
introduced the FCT Embrace in the US market in 2018, which is the world's first 85
cm wide bore computed tomography imaging unit with 64 or 128 slice
configurations optimized for both oncology and radiology applications. Siemens
Healthineers launched its new version of its Go platform, a 128-slice scanner in 2019
which is built explicitly for outpatient cardiology offices but can also be installed in
hospitals. Hitachi Healthcare presented its next levels of diagnostic imaging
solutions that include the new CT scan, the SCENARIA View in February 2019 at the
European Society of Radiology in Vienna, Austria.
Key Vendors:
ï‚· Canon Medical System Corporation
ï‚· General Electric Company
ï‚· Siemens Healthineers AG
ï‚· Fujifilm Holdings Corporation
ï‚· Koninklijke Philips NV
ï‚· NeuroLogica Corporation
ï‚· Koning Corporation
ï‚· Shenzhen Anke High-tech Co., Ltd.
ï‚· Neusoft Medical Systems Co., Ltd.
Key Competitive Facts:
ï‚· Medicare governance and initiatives toward imaging have new payment
updates, coding changes, and policies regarding clinical decisions that will
have a direct impact on imaging.
ï‚· Medical tourism is one major trend in the medical industry and its popularity
is increasing across the globe due to the huge difference in treatment cost.
Benefits – The report provides complete details about the sub-segment of the
global computed tomography market. Thus, the key stakeholders can know about
the major trends, drivers, investments, vertical player’s initiatives, and government
initiatives toward the medical devices segment in the upcoming
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Report ID: 10325834 |
Published Date: 21 Oct 2022 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
