Computed Tomography System Market REPORT OVERVIEW
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The global computed tomography system market size was expected to be USD 5886 million in 2021. As per our research, the market is projected to touch USD 8315.7 million by 2028, exhibiting a CAGR of 5.0% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the computed tomography system market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
A computerised x-ray imaging process that produces comprehensive images of interior organs, bones, soft tissue, and blood arteries is known as computed tomography. During a computed tomography scan, cross-sectional pictures are obtained in this method. The greatest way for diagnosing many different types of cancer is computed tomography scanning, and the images allow doctors to identify the presence of a tumour as well as its position and size. It is used to assess injuries to the head, shoulders, spine, heart, belly, knee, and chest as well as to visualise the infection. It is capable of detecting life-threatening situations.
COVID-19 Impact: COVID-19 Rising Cases Up scaled the Market Demand due its High Usage
The COVID-19 epidemic is expected to have a beneficial influence on the global computed tomography market. The CT scan evaluates the impact of COVID infection in the lung and improves visibility and specificity of the infection in the lung. A computed tomography scan was used to identify respiratory difficulties in individuals during COVID-19. The clinical value of chest CT has been increased by implementing suitable preventative safety measures, optimising chest CT protocols, and providing a consistent reporting system based on pulmonary findings in this condition. As a result of the growth of COVID-19 instances, the use of computed tomography scans has grown, which is expected to boost the computed tomography market throughout the forecast period.
LATEST TRENDS
"High Slice Segment Observing Healthy Growth to Boost the Market Share"
High-slice scanners contain more than 128 slices, with the most having 256, 320, and 640 slices. Companies were creating new goods and speeding up manufacturing as a result of the COVID-19 epidemic, as CT scanners are employed as a main tool in many sectors. Siemens Heathineers 384-slice cardiac CT scan machines will be installed at Dr. LH Hiranandani Hospital in India in July 2022. Because of the current, AI-based CT scanner, cardiologists and cardiac surgeons may make more educated decisions regarding the next step in their patients' care (compared to the prior 128 slices for cardiac).
A high-slice CT scanner shortens scan times, increases patient throughput, reduces radiation doses, and produces images with greater detail and fewer artefacts. It is also used in sophisticated imaging, such as cardiovascular tests. Patients with arrhythmias, fast heart rates, obesity, and paediatric patients, on the other hand, are better suited for high-slice systems, which are speedier and offer a bigger imaging area. High-slice CT is also faster because no film pictures must be produced. Radiologists can further optimise images with computers to detect micro calcifications that low- and medium-slice CT scanners may overlook. As a result, the benefits of high-slice CT scanners may drive market growth.
Computed Tomography System Market SEGMENTATION
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- By Type
Based on type; the computed tomography system market is divided into 16S Spiral Scan CT, 32S Spiral Scan CT, 64S Spiral Scan CT, 128S Spiral Scan CT and others.
- By Application
Based on the application; the computed tomography system market is divided into head, lungs, pulmonary angiogram, cardiac, abdominal and pelvic and others.
DRIVING FACTORS
"Rise in Geriatric Population and the COVID-19 Outbreak to Uplift the Market Demand"
The rise in the elderly population, as well as the surge in demand to determine the efficacy of treatment, are driving the expansion of the computed tomography system market. For example, United Imaging will deploy uCTATLAS, an ultra-wide bore computed tomography system with breakthrough artificial intelligence technology geared to control pandemics, in December 2020. Furthermore, the Radiological Society of North America (RSNA) predicts that in 2020, chest computer tomography (CT) pictures in COVID-19 patients would show common symptoms such as ground glass opacities, vascular enlargement, and lower lobe involvement. This treatment raises patient awareness for early detection of illnesses and the prevention of infection in the chest. As a result, increased public knowledge of computed tomography scans promotes market growth.
"Various Applications in Medical Care to Drive the Market Growth"
The introduction of computed tomography system has greatly aided medical care. This technology improves diagnoses, avoids unnecessary medical procedures, enhances treatment by giving detailed anatomical imaging, and is a low-cost imaging tool. It is a vital diagnostic tool, especially for simultaneously scanning bone, soft tissue, and blood vessels. Internal injuries can be diagnosed early enough to save lives since CT imaging is quick and easy in emergency situations. Thus, the rising need for improved evaluation tools in the emergency department, as well as the expanding number of ambulatory emergency care units, are projected to drive market expansion.
RESTRAINING FACTORS
"Radiation Exposure, Cost and Accessibility to Restrain the Market Growth"
CT imaging uses ionizing radiation, which might raise the risk of cancer, especially when repeated or unneeded scans are performed. Although efforts are made to reduce radiation doses, it remains a problem, especially in pediatric and young adult populations. CT equipment and maintenance can be costly, making it difficult for some healthcare facilities to acquire and operate these systems, particularly in poor nations. Certain populations may be denied access to CT imaging as a result of this. Therefore, the radiation exposure, cost and accessibility to hamper the computed tomography system market growth.
Computed Tomography System Market REGIONAL INSIGHTS
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"North American to Lead owing to Advanced Health Infrastructure and Rising Geriatric Population"
North American computed tomography system market share accounts for a sizable portion of the global market. The region's market is expanding due to an increasing burden of chronic diseases such as cancer and neurological diseases, a well-established healthcare system, and increased awareness of medical imaging. The growing senior population in the United States is responsible for the market's expansion. More cancer cases and chronic disorders are likely to be detected as the population ages. According to the National Brain Tumour Society, around 700,000 people in the United States had a brain tumour in 2020, and approximately 87,000 people were diagnosed with it. As a result, the growing elderly population is increasing the burden of chronic diseases, which may raise demand for CT scans and drive the market.
KEY INDUSTRY PLAYERS
"Key Industry Players to Promote the Market Expansion"
The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market.
List of Market Players Profiled
- GE Healthcare (U.S.)
- Siemens Healthcare (Germany)
- Philips (The Netherlands)
- Canon (Japan)
- United-imaging (U.S.)
- Shimadzu (Japan)
- Neusoft Medical (China)
- Hitachi (Japan)
- Shenzhen Anke High-tech (China)
- NeuroLogica (U.S.).
REPORT COVERAGE
This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 5886 Million in 2021 |
Market Size Value By |
US$ 8315.7 Million by 2028 |
Growth Rate |
CAGR of 5% from 2021 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the computed tomography system market expected to touch by 2028?
Based on our research, the global computed tomography system market is projected to touch USD 8315.7 million by 2028.
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What CAGR is the computed tomography system market expected to exhibit by 2028?
The computed tomography system market is expected to exhibit a CAGR of 5.0% by the forecasted year 2028.
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What are the driving factors of the computed tomography system market?
Rise in geriatric population, COVID-19 outbreak and various applications in medical care to drive the computed tomography system market growth.
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Which are the top companies operating in the computed tomography system market?
Cannon Medical Systems Corporation, Fujifilm Holdings Corporation, GE Healthcare, Koning Corporation, Koninklijke Philips NV, Neurologica Corporation, Neusoft Medical Systems CO.Ltd., Shimadzu Corporation, Siemens Healthineers, and Stryker Corporation and others are the top companies operating in the computed tomography system market.