USD 6.39 billion
Global Computed Tomography (CT) Scanner Market Size, Share, Growth Analysis, By Technology(High Slice, Mid Slice), By Application(Orthopedics, Cardiovascular), By Modality(O-arm, C-arm), By End User(Hospitals, Diagnostic Imaging Centers) - Industry Forecast 2024-2031
Report ID:
SQSG35A2043 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
119 |
Figures:
77
Global Computed Tomography (CT) Scanner Market Insights
Computed Tomography (CT) Scanner Market size was valued at USD 6.39 billion in 2019 and is poised to grow from USD 6.7 billion in 2023 to USD 9.92 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Computed tomography has undergone considerable technological developments in the previous ten years, including the emergence of low-dose and automated CT scanners, which have benefited the diagnostic imaging sector. These tools provide surgeons and patients with superior image quality, enhanced spatial resolution, and little radiation exposure. These cutting-edge CT machines have a console that is easier to use, they are easy to install, and they take up less room. These elements are encouraging researchers and healthcare professionals in the world's major healthcare markets to adopt such goods.
An enormous patient pool worldwide is getting computed tomography scans due to the rising prevalence of chronic diseases such as cardiovascular, cancer, neurologic, and orthopedic disorders. The National Center for Health Statistics reported that 1,898,160 new cases of cancer were reported in the United States in 2019. As a result, the demand for computed tomography scanners is expected to increase during the projected period due to the rising incidence of cancer around the world.
A popular medical imaging system for diagnostic and therapeutic purposes in healthcare institutions is computed tomography. The need for advanced imaging systems, especially computed tomography systems, is fueled by the increased frequency of chronic diseases and recent changes in the healthcare industry.
US Computed Tomography (CT) Scanner Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
5.8% CAGR
Global Computed Tomography (CT) Scanner Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Computed Tomography (CT) Scanner Market Size By End-User 2022-2028 ($ Bn)
Global Computed Tomography (CT) Scanner Market Size By End-User 2022-2028 (%)
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Global Computed Tomography (CT) Scanner Market Segmental Analysis
The Global Computed Tomography (CT) Scanner Market is segmented based on technology, application, modality, end-user and regions. Based on technological analysis the market is further sub segmented into high slice, mid slice, low slice and Cone Beam Computed Tomography (CBCT) segments. Based on application, theComputed Tomography (CT) Scanner Market is segregated into orthopedics, cardiovascular, oncology, neurology and other segments. Based on the basis of modality, the Computed Tomography (CT) Scanner Market is segmented into C-arm and O-arm segments. On the basis of end-user, the Computed Tomography (CT) Scanner Market can be bifurcated into hospitals, diagnostic Imaging Centers and other segments. The regional insights of the Computed Tomography (CT) Scanner Market are into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Computed Tomography (CT) Scanner Market Analysis by Application
In 2021, the oncology sector led the application sector. During the projected period, it is also expected to post a CAGR that is significantly greater than that of other segments. Systems that use computed tomography are frequently used to find tumors and other cancer-related medical anomalies. The main drivers behind the expansion of this market are the rising incidence of cancer worldwide and the growing use of CT scanners for cancer diagnoses.
Due to the growing elderly population around the world and the rising prevalence of cardiovascular illnesses among the general population, it is predicted that the cardiovascular segment would exhibit a high CAGR during the forecast period.
Computed Tomography (CT) Scanner Market Analysis by End-User
In 2021, the hospital sector dominated the market and had the highest revenue share (36.3%). The market share has been impacted by both the rising number of procedures performed annually and the rising number of emergency hospital admissions. Additionally, CT scans are a useful tool for precise pre- and post-operative diagnosis to assess the efficacy of the treatment.
Hospitals have to set up their own CT scan machines due to the difficulties and risk involved in transporting critically ill patients from the hospital to a third-party diagnostics facility for CT scans, which has contributed to the expansion of this market. Over the projected period, ambulatory diagnostics facilities are expected to expand at the fastest rate. According to OECD data, ambulatory diagnostics facilities in the U.S. have 16 CT scanners per 1,000,000 residents. Given that it makes CT scans more accessible and affordable, the market is predicted to undergo a revolution as a result.
Global Computed Tomography (CT) Scanner Market By End-User, 2021 (%), 2023 (%)
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Global Computed Tomography (CT) Scanner Market Regional Insights
In North America, there was a US$1.57 billion market for CT scanners in 2021. The region's growing acceptance of technologically advanced goods and the expanding number of patients having diagnostic imaging treatments are driving the market's expansion. Due to rising chronic disease awareness, the existence of well-established healthcare facilities in Germany, France, and Italy, and rising demand from these facilities for modern healthcare systems, Europe is predicted to develop at a considerable CAGR.
Due to the rising prevalence of chronic diseases, the expanding healthcare sector, and the significant unmet demand for advanced diagnostic systems in diagnostic centers, Asia Pacific is expected to continue to dominate the market through 2021 and grow at a higher CAGR during the forecast period of 2022–2029 in the region. This presents enormous promise for new systems in this area, as does the fact that the established base of this equipment is substantial and outdated and needs to be replaced.
Global Computed Tomography (CT) Scanner Market By Geography, 2022-2028, 2024-2031
- Largest
- Fastest
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Global Computed Tomography (CT) Scanner Market Dynamics
Computed Tomography (CT) Scanner Market Driver
- The demand for early diagnosis of disease is rising which is driving the market growth.
The main causes of the rising demand for CT scanners are the rising need for early-stage detection of chronic diseases and the expanding healthcare systems in emerging nations. The need for advanced imaging technologies, like computed tomography, is expected to be considerably impacted by this together with the rising prevalence of chronic illnesses worldwide.
- Increase in healthcare infrastructure of countries is enhancing the growth of the market.
The main driver of the market's growth during the projection period is the rapidly expanding infrastructure of hospitals and healthcare facilities in developing nations like Brazil, India, and China. Huge public and private investments are being made in the construction of hospitals and healthcare facilities as a result of regional and national healthcare agencies' and the government's strong focus on healthcare facilities and the creation of infrastructure that meets standards. Additionally, the top hospital chains are emphasizing infrastructure development while increasing their presence in the important nations.
Computed Tomography (CT) Scanner Market Restraint
- One of the key factors hindering the growth of the worldwide computed tomography (CT) scanners market during the forecast period is the high cost of equipment installation and maintenance. For instance, the expected acquisition cost of a computed tomography system ranges from US$ 300,000 to US$ 2,000,000. A 16-slice basic scanner has an annual maintenance cost of about 60,000 US$, whereas a high-end 128-slice scanner has an annual maintenance cost of over 250,000 US$. Small healthcare facilities cannot afford the hefty annual maintenance costs.
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Global Computed Tomography (CT) Scanner Market Competitive Landscape
To increase the market presence, market leaders regularly engage in developmental activities like mergers, collaborations, acquisitions, and collaboration. New government approvals, product introductions, and improvements to already-existing products have all contributed to their rise. The U.S. Food and Drug Administration granted 510(k) clearance for Carestream Health's Digital Tomosynthesis. With enhanced visibility and cross-sectional imaging capabilities, it is a cutting-edge product.
Computed Tomography (CT) Scanner Market Top Players Company Profiles
- GE Healthcare (US)
- Siemens Healthineers AG
- Philips Healthcare
- Canon Medical Systems
- Hitachi, Ltd.
- Neusoft Medical Systems
- Shimadzu Corporation
- Samsung Medison
- Toshiba Medical Systems Corporation
- Carestream Health
- Accuray
- Planmed Oy
- CurveBeam
- Medtronic
- NeuroLogica
- Koninklijke Philips N.V.
- Mediso Medical Imaging Systems
- Allengers Medical Systems
- United Imaging Healthcare
- Beijing Fule Science & Technology Development Co., Ltd.
Computed Tomography (CT) Scanner Market Recent Developments
- In April 2022, Launch of the Revolution Aspire CT scanner by Wipro GE Healthcare. It is supposed to increase clinical effectiveness and image quality while increasing patient throughput by about 50%. The tools would be made accessible in India's second- and third-tier cities.
- In April 2021, the newly developed Scenaria 64-slice CT scanner was introduced by Hitachi, Ltd. The product focuses on being radiation-efficient, develops dose-reduction technology, and supports interventionists in their job. In a cutthroat CT scanner market, the device launch allows Hitachi to bolster its product line.
Global Computed Tomography (CT) Scanner Key Market Trends
- One of the key reasons supporting market expansion is the introduction of technologically sophisticated computed tomography scanners. The key industry participants are constantly working to create technologically advanced items. The length of hospital stays has been greatly decreased thanks to CT scanners, which have also improved cancer diagnosis. Recent developments in CT scanning technology include reduced radiation exposure for patients, accelerated scanning times, and enhanced image quality.
Global Computed Tomography (CT) Scanner Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the Global Computed Tomography (CT) Scanner Market is segmented based on technology, application, modality, end-user and regions. In 2021, the oncology sector led the application sector. During the projected period, it is also expected to post a CAGR that is significantly greater than that of other segments. In 2021, the hospital sector dominated the market and had the highest revenue share (36.3%). The market share has been impacted by both the rising number of procedures performed annually and the rising number of emergency hospitals. In North America, there was a 1.57 billion US$ market for CT scanners in 2021.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.39 billion |
| Market size value in 2031 | USD 9.92 billion |
| Growth Rate | 5.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Computed Tomography (CT) Scanner Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Computed Tomography (CT) Scanner Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Computed Tomography (CT) Scanner Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Computed Tomography (CT) Scanner Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Computed Tomography (CT) Scanner Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Computed Tomography (CT) Scanner Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Computed Tomography (CT) Scanner Market Report Snapshots
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