Global CT Scanner Market

Global CT Scanner Market Size, Share, Growth Analysis, By Technology(High Slice, Mid Slice), By Application(Orthopedics, Cardiovascular) - Industry Forecast 2024-2031


Report ID: SQMIG35J2086 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 66 | Figures: 68

Global CT Scanner Market Regional Insights

As of 2022, North America secured the foremost market share at 30.4%, and this dominance is projected to persist through the forecast period. This stronghold is attributed to the region's dense concentration of market competitors and an upsurge in cancer incidence rates. Notably, the U.S. witnessed approximately 1,806,590 new cancer diagnoses in 2020, as reported by the National Cancer Institute. The continuous integration of novel technologies, incorporating artificial intelligence, and the frequent launch of low-radiation CT scans are anticipated to further contribute to the region's market growth.

Conversely, Asia Pacific is poised for noteworthy growth, projected to experience a substantial Compound Annual Growth Rate (CAGR) over the forecast period. This surge can be attributed to the ongoing development of healthcare infrastructure, particularly in burgeoning economies such as India and China. The region's high adoption rate of advanced medical imaging devices, coupled with the increasing prevalence of chronic disorders, further fuels market expansion. Notably, local manufacturers in the region are gaining prominence, bolstering market growth. For instance, Siemens Healthineers established a new CT scanner production unit in India to meet the escalating demand for CT scanners, enhancing its market positioning in the process.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global CT Scanner Market size was valued at USD 6.76 billion in 2022 and is poised to grow from USD 7.15 billion in 2023 to USD 11.23 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

The competitive landscape of the CT scanner market is characterized by the presence of several prominent players, each striving to establish a strong market foothold through innovation, technological advancements, and strategic collaborations. Key industry players include multinational medical equipment manufacturers and healthcare technology companies, all vying to offer cutting-edge solutions that address the evolving needs of the healthcare sector. These companies invest significantly in research and development to introduce sophisticated CT scanner models with improved imaging capabilities, reduced radiation exposure, and enhanced patient comfort. Moreover, partnerships with research institutions and healthcare providers are crucial for validating and optimizing the technology's clinical applications. Regional expansion and strategic acquisitions are common strategies for strengthening market presence. The competitive landscape is also influenced by the increasing integration of artificial intelligence and machine learning in CT imaging, enabling quicker and more accurate diagnoses. 'Koninklijke Philips NV.', 'GE Healthcare', 'Medtronic', 'Accuray Incorporated', 'Samsung Electronics Co., Ltd', 'Shenzhen Anke High-Tech Co., Ltd', 'Carestream Health', 'Hitachi Ltd, Koning Corporation', 'Neusoft Corporation', 'Planmed Oy', 'Shimadzu Corporation', 'Canon', 'Siemens AG'

The growing global burden of chronic diseases and conditions, such as cardiovascular disorders and cancer, drives the demand for accurate and efficient diagnostic tools like CT scanners.

Artificial Intelligence Integration: The integration of artificial intelligence (AI) and machine learning is revolutionizing CT imaging. AI-powered algorithms assist radiologists in image interpretation, lesion detection, and pathology identification, leading to quicker and more accurate diagnoses.

As of 2022, North America secured the foremost market share at 30.4%, and this dominance is projected to persist through the forecast period. This stronghold is attributed to the region's dense concentration of market competitors and an upsurge in cancer incidence rates. Notably, the U.S. witnessed approximately 1,806,590 new cancer diagnoses in 2020, as reported by the National Cancer Institute. The continuous integration of novel technologies, incorporating artificial intelligence, and the frequent launch of low-radiation CT scans are anticipated to further contribute to the region's market growth.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global CT Scanner Market

Product ID: SQMIG35J2086

$5,300
BUY NOW GET FREE SAMPLE