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Market Research Report

Computed Tomography Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Published On : 2017-09-25 Report Page : 255 Category:Healthcare

Global Computed Tomography Market

Market Overview

Diagnostic radiology has been revolutionized by computed tomography (CT). The basic principle of axial and radial or spiral has transformed the medical imaging world from 2D to 3D organ visualization. Since the CT’s inception in 1970, 62 million estimated scans per year are reported in US. X-ray imaging procedure is being replaced by CT due to the involvement of the larger radiation doses that are efficiently utilized in clinical applications. There has been study going on the cancer risks associated with CT scans due to the radiation exposure to organs. There is lifetime risk of death from cancer that is attributed to generic CT scan of head or abdomen. CT has made enormous technical advances since its arrival into clinical diagnosis and has largely impacted patient care.

Toshiba highlight imaging capability improvements to Aquilion One Genesis and Aquilion Lightning 80, along with Celesteion PureViSION Edition PET/CT for cancer care. Hitachi Supria True64 CT receives FDA clearance that offers true 64-slice imaging across full 40 mm detector coverage.  

Market Segmentation

  • By Type
  • Low Slice CT Scanner
  • Medium Slice CT Scanner
  • High Slice CT Scanner
  • Multi Slice CT Scanner
  • By Application
  • Cardiovascular Applications
  • Oncology
  • Neurovascular Application
  • Abdomen and Pelvic Application
  • Pulmonary Angiogram
  • Spinal Application
  • Musculoskeletal Application
  • By End User
  • Diagnostic Labs
  • Hospitals
  • By Geography
  • North America (US, Canada) {Market Share (%), Market Size (USD Billion), Production (Units)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Production (Units)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Production (Units)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Production (Units)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Production (Units)}
  • Rest of the World{Market Share (%), Market Size (USD Billion), Production (Units)}

Growth Drivers and Challenges

Increasing awareness among health conscious people, advent of preventive healthcare, health insurance coverage policies and alarmingly high occurrence of cardiovascular, inflammatory and spinal diseases are the major drivers of the global CT market. Further, Properties like temporal resolution, imaging speed, volumetric coverage, and appropriate amount of radiation doses with advanced reconstruction method and detector technology makes CT the attractive segment in diagnostic imaging market. Further improvements in speed, spatial resolutions and dose efficiency for the next generation CT devices tend to drive the global CT market.

Stringent regulations for the approval of CT devices due to the side effects of ionization radiation and heavy calcification producing blooming artifacts are hindering the global computed tomography market.

Market Size and Forecast

The global computed tomography market valued USD 5.1 billion in 2016, after clocking a healthy CAGR of 5%. Currently medium slice is the dominating segment with the market size of USD 1.89 billion in 2016 while with rapid advancement and wide acceptance of high slice CT, high slice CT market tends to dominate in the forecast years. On the basis of application, cardiovascular CT’s acquire the largest market share of approx 35% followed by oncology, abdomen and pelvic, spinal, pulmonary angiogram and others.

Geographically, North America tends to maintain its dominance over the global computed tomography owing to increasing healthcare expenditure, improving healthcare infrastructure, rising geriatric population. Europe and APAC CT market is expected to witness highest growth rate of 6-7% over the forecast period.

Key Market Players

  • GE Health Care

o Synopsis

o Business Strategy

o Product Portfolio

o SWOT Analysis

  • Siemens Health Care
  • Toshiba Medical System Corporation
  • Philips Health Care
  • Hitachi Medical Corp
  • Neusoft Medicals
  • Neurologica Company Ltd
  • Siemens
  • Samsung

Scope Background

Market Synopsis

Market Segmentation

Global computed tomography market is segmented as follows:

  • By  Type (Market Size, Demand Analysis and Growth Analysis)
  • By Application (Market Size, Demand Analysis and Growth Analysis)
  • By  End User (Market Size, Demand Analysis and Growth Analysis)

Global computed tomography market report covered insights of below mentioned regions:

  • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks


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