PUBLISHER: The Business Research Company | PRODUCT CODE: 1387688
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387688
“Computed Tomography (CT) Scanners Devices And Equipment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on computed tomography (ct) scanners devices and equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for computed tomography (ct) scanners devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The computed tomography (ct) scanners devices and equipment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Computed tomography (CT) scanner devices and equipment play a crucial role in diagnosing a wide range of diseases, including cancer, bone-related conditions, cardiovascular issues, gynecological disorders, urological ailments, and various other medical conditions. These scanners utilize computer-controlled X-rays to generate detailed images of the human body.
The primary product categories within the computed tomography scanner devices and equipment market include low-slice, medium-slice, and high-slice scanners. Higher-slice CT scanners are capable of producing exceptionally high-resolution images and can capture a detailed image of the heart in a single heartbeat. These devices find application in various medical fields such as oncology, neurology, cardiovascular care, musculoskeletal diagnostics, and more. End-users for CT scanner equipment encompass clinics, diagnostic service facilities, and hospitals.
The computed tomography (CT) scanners devices and equipment market research report is one of a series of new reports from The Business Research Company that provides computed tomography (CT) scanners devices and equipment market statistics, including computed tomography (CT) scanners devices and equipment industry global market size, regional shares, competitors with computed tomography (CT) scanners devices and equipment market share, detailed computed tomography (CT) scanners devices and equipment market segments, computed tomography (CT) scanner devices and equipment market trends and opportunities, and any further data you may need to thrive in the computed tomography (CT) scanners devices and equipment industry. This computed tomography (CT) scanner devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The computed tomography (ct) scanners devices and equipment market size has grown strongly in recent years. It will grow from $9.24 billion in 2023 to $9.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be attributed to several factors, including advancements in diagnostic imaging technologies, the aging population, increased demand for trauma and emergency medical care, and the rise in oncology and cancer diagnostic procedures.
The computed tomography (ct) scanners devices and equipment market size is expected to see strong growth in the next few years. It will grow to $12.79 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the upcoming period is expected to be driven by factors such as the expansion of emerging markets, supportive regulatory measures, efforts toward reducing radiation exposure, and the increasing emphasis on value-based healthcare. Notable trends projected for the forecast period include advancements in cardiac CT imaging, the development of dual-energy CT technology, the integration of portable and point-of-care CT solutions, as well as the advent of 4D imaging techniques.
The increasing incidence of cancer and cardiovascular diseases is set to significantly boost the demand for computed tomography (CT) scanner devices and equipment in the upcoming period. Both cancer and cardiovascular diseases are complex conditions influenced by multiple shared risk factors like smoking, metabolic issues, age, radiation, and environmental pollutants. CT scans play a pivotal role in detecting abnormalities, guiding various interventions such as cryotherapy, radiofrequency ablation, and the placement of radioactive seeds. Notably, as per the American Cancer Society's Cancer Facts and Figures 2022 report, the estimated number of new cancer cases in the United States is projected to rise to approximately 1.9 million in 2022 from 1.8 million in 2020. Correspondingly, the projected number of cancer-related deaths in 2022 is marginally higher compared to 2021. Hence, the escalating prevalence of cancer and cardiovascular ailments is steering the growth of the market for computed tomography (CT) scanner devices and equipment.
The increasing elderly population is set to be a driving force behind the expansion of the computed tomography (CT) scanner devices and equipment market in the foreseeable future. This demographic segment comprises individuals aged 65 and above. CT scanner devices and equipment play a crucial role in addressing the healthcare needs of this aging population by offering non-invasive diagnostic procedures, facilitating early disease detection, aiding in treatment planning, providing detailed imaging, and minimizing radiation exposure. For instance, as reported by the Administration for Community Living, a US government department, the elderly population reached 55.8 million in 2020, and this figure is anticipated to surge to 80.8 million by 2040 and further to 94.7 million by 2060. Therefore, the expanding geriatric demographic is a key catalyst in the growth of the computed tomography scanner devices and equipment market.
The growth of the computed tomography (CT) scanner devices and equipment market is impeded by concerns regarding the health implications of radiation exposure. These devices, used in diagnostic imaging procedures, emit ionizing radiation - a form of electromagnetic waves or particles. Radiation stemming from manmade sources such as CT scans, nuclear medicine scans, and PET scans poses significant health risks. Prolonged exposure to low doses of radiation may lead to the development of cancer, while higher doses can cause skin burns and acute radiation syndrome. A survey conducted by the National Council on Radiation Protection and Measurements (NCRP) highlighted incidents of radiation overexposure, involving 2,390 individuals, resulting in 190 fatalities.
Major companies in the computed tomography (CT) scanner devices and equipment market are investing in cutting-edge products featuring technologies like photon-counting technology to enhance patient care. Photon-counting technology represents a pioneering advancement in CT imaging, enabling the detection of individual X-ray photons. An illustration of this innovation is Siemens Healthineers' Naeotom Alpha, introduced in November 2021, leveraging photon-counting technology through its QuantaMax detector. This innovation directly transforms X-rays into an electrical signal, contributing to image generation. Photon-counting technology promises improved diagnostic precision, reduced radiation exposure risks for patients, and standardized results, ensuring more consistent follow-up procedures.
Businesses within the computed tomography (CT) scanner devices and equipment sector are harmonizing medical imaging with healthcare IT technology, offering digital accessibility to enrich patient safety, improve healthcare services, and streamline time and cost for patients. CT scan data is merged with image processing and communication systems like picture archiving and communication systems (PACS), which amalgamate CT images from diverse sources into a unified interface. This enables radiologists to securely store, digitally transfer electronic images, generate clinically relevant reports, and utilize an extensive image database for precise diagnoses. These systems are progressively integrated and utilized for clinical assessments, diagnoses, and treatments across departments like radiology, nuclear medicine imaging, cardiology, pathology, oncology, and dermatology. For instance, Prismatic Sensors AB, a Swedish company, is engaged in developing photon counting detectors specifically designed for computed tomography.
Major companies operating in the computed tomography (CT) scanners devices and equipment market include GE Healthcare, Koninklijke Philips N.V., Hitachi Ltd., Siemens Healthineers, Canon Medical Systems Corporation, Neusoft Medical Systems, NeuroLogica Corp., Samsung Electronics, Shimadzu Corporation, Amber Diagnostics, Shenzhen Anke High-Tech, Fujifilm Holdings Corporation, Koning Corporation, Danaher Corporation, Medtronic PLC, ScanCO Medical AG, United Imaging, Carestream Health, Planmed Oy, Sectra, Atlantis Worldwide LLC, NCD Company, Dunlee, Shared Imaging, United Imaging, Canon Medical Systems Corporation, Accuray, Allengers Medical Systems, Animage, Carestream Health, DDD-Diagnostic, Fujifilm Medical Systems, Hologic, Konica Minolta Healthcare, MEDI-FUTURE, Medrad, Medtronic PLC, MT.DERM Group, Neusoft Medical Systems, Palladium, Perlong Medical, Philips Healthcare, QR s.r.l., Samsung Healthcare, Shimadzu Corporation, Toshiba Medical Systems Corporation, Xoran Technologies
North America was the largest region in the computed tomography scanners devices and equipment market in 2023. Western Europe was the second-largest region in the global computed tomography (CT) scanners devices and equipment market share. The regions covered in the computed tomography (CT) scanners devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the computed tomography (CT) scanners devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The computed tomography (CT) scanner devices and equipment market consist of sales of low-end segment (single and dual slice CT scanners), mid-end segment (multi-slice scanners), and high-end slice segment (open versions, and cardiac CT scanners) that are used for CT scanning. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.