Global Computed Tomography (CT) Scanner Market

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 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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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).

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. '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.'

The demand for early diagnosis of disease is rising which is driving the market growth.

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.

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.

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Global Computed Tomography (CT) Scanner Market

Product ID: SQSG35A2043

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