Computed Tomography Market: Global Industry Analysis and Forecast (2022-2029)

Computed Tomography Market size was valued at US$ 4.51 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 8.5% through 2022 to 2029, reaching nearly US$ 8.66 Bn.
Computed Tomography Market Overview:
CT (computed tomography) is a type of imaging that employs specialised x-ray equipment to make detailed images, or scans, of internal organs. It's also known as computerised axial tomography or computerised tomography (CAT). Cardiovascular Applications, Abdomen and Pelvic Application, Pulmonary Angiogram, Neurovascular Application, Spinal Application, Musculoskeletal Application, and Oncology are the applications of computed tomography. Diagnostic Centres and Hospitals are the end-users of computed tomography.

To know about the Research Methodology:- Request Free Sample Report
Computed Tomography Market Dynamics:
The rising number of COVID-19 cases has increased demand for CT scanners, which is expected to have a beneficial impact on the market under consideration. For example, in June 2021, the Abu Dhabi Health Services Company (SEHA) in the United Arab Emirates introduced a 16-slice mobile CT scanner to diagnose pneumonia in COVID-19 patients. This suggests that CT scanners are being used in hospitals to identify COVID-19.

The growing elderly population and prevalence of chronic diseases, as well as the trend in medical care toward image-guided procedures and technological improvements, are all contributing to market growth. According to the International Osteoporosis Foundation (IOF) 2019, one out of every three women and one out of every five men aged 50 and up suffers from osteoporosis-related fractures, affecting roughly 200 million individuals globally and resulting in a fracture every three seconds. A CT scan produces three-dimensional images of bones, which aids in diagnosis and treatment. A CT scan creates three-dimensional images of bones, allowing for more accurate diagnosis and surgery in orthopaedics. As a result of the increased prevalence of orthopaedic illnesses, demand for CT scanners is expected to rise as well. Mobile CT has the potential to enhance overall CT use cases, broaden the market for participants, and provide a revenue opportunity for top CT manufacturers.
Computed Tomography Market Segment Analysis:
Based on the Product Type, the market is segmented into Low Slice CT scanner (<64 slices), Medium Slice CT scanner (64 slices), and High Slice CT scanner (>64 slices). High Slice CT scanner (>64 slices) segment is expected to hold the largest market share of xx% by 2029. Companies are creating new products and scaling up manufacturing in response to the outbreak of COVID-19, as CT scanners are utilised as a key tool in many regions. United Imaging provided medical imaging equipment worth USD 1.4 million to hospitals in China in February 2021. At Huoshenshan Hospital, it installed one uCT 780 (160-slice CT scanner) and two uCT 760s (128-slice CT scanners). Canon Medical Systems also introduced a deployable 160-slice computed tomography (CT) system with a quick decontamination tool in April 2021 to increase patient and healthcare worker safety.

These CT scanners are among the most modern, capable of producing 3D images in practically any patient, including those with more complicated heart or respiratory issues. According to a research published by the British Heart Foundation in January 2021, heart and circulatory disorders account for more than 27% of all fatalities in the United Kingdom.

Based on the Application, the market is segmented into Cardiovascular Applications, Abdomen and Pelvic Application, Pulmonary Angiogram, Neurovascular Application, Spinal Application, Musculoskeletal Application, and Oncology. Cardiovascular Applications segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The cardiovascular application system is used to delivered oxygen, nutrition, hormones, and other vital substances throughout the body's cells and organs. Cardiovascular application system is crucial in assisting the body in meeting the demands of activity, exercise, and stress. Cardiovascular application system also aids in body temperature regulation, among other things.


Computed Tomography Market Regional Insights:
North America dominates the Global Computed Tomography market during the forecast period 2022-2029. North America is expected hold the largest market share of xx% by 2029. United Imaging, a global leader in sophisticated medical imaging and radiation technology, announced in 2021 that it will install easily transportable computed tomography (CT) scanners throughout the US to aid in the fight against COVID-19. As a result of the emergence of COVID-19, the demand for and use of CT scanners is expected to increase.

The increasing geriatric population in the United States is responsible for market growth. More cancer cases and chronic diseases are expected to be discovered as the population ages. According to the National Brain Tumor Society, about 700,000 people in the United States will be diagnosed with a brain tumour in 2021, with an additional 87,000 people predicted to be diagnosed. As a result, all of these factors are expected to enhance market growth. These are the major factors that drive the growth of this region in the Global Computed Tomography market during the forecast period 2022-2029.

The objective of the report is to present a comprehensive analysis of the Global Computed Tomography Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Computed Tomography Market dynamic, structure by analyzing the market segments and project the Global Computed Tomography Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Computed Tomography Market make the report investor’s guide.
Computed Tomography Market Scope: Inquire before buying



Global Computed Tomography Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 4.51 Bn.


Forecast Period 2022 to 2029 CAGR:
8.5%
Market Size in 2029:
US $ 8.66 Bn.


 Segments Covered:
by Product Type
• Low Slice CT scanner (<64 slices)
• Medium Slice CT scanner (64 slices)
• High Slice CT scanner (>64 slices)


by Application
• Cardiovascular Applications
• Abdomen and Pelvic Application
• Pulmonary Angiogram
• Neurovascular Application
• Spinal Application
• Musculoskeletal Application
• Oncology


by End-User
• Diagnostic Centres
• Hospitals



Computed Tomography Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Computed Tomography Market Key Players
• Hitachi Ltd.
• Siemens AG
• Toshiba Corporation
• Samsung
• General Electric Company
• Koninklijke Philips N.V.
• GE Healthcare
• Anke Biotechnology
• Neusoft Medical System Co. Ltd
• Philips Healthcare
• Carl Zeiss Meditec
• Shenzhen Anke High-tech Co. Ltd
• NeuroLogica Corporation
• Hitachi Medical System America, Inc.
• iThera Medical GmbH
Frequently Asked Questions:
1] What segments are covered in Global Computed Tomography Market report?
Ans. The segments covered in Global Computed Tomography Market report are based on Product Type, Application, and End-User.

2] Which region is expected to hold the highest share in the Global Computed Tomography Market?
Ans. North America is expected to hold the highest share in the Global Computed Tomography Market.

3] Who are the top key players in the Global Computed Tomography Market?
Ans. Hitachi Ltd., Siemens AG, Toshiba Corporation, Samsung, and General Electric Company are the top key players in the Global Computed Tomography Market.

4] Which segment holds the largest market share in the Global Computed Tomography market by 2029?
Ans. High Slice CT scanner (>64 slices) segment hold the largest market share in the Global Computed Tomography market by 2029.

5] What is the market size of the Global Computed Tomography market by 2029?
Ans. The market size of the Global Computed Tomography market is US $8.66 Bn. by 2029.

6] What was the market size of the Global Computed Tomography market in 2021?
Ans. The market size of the Global Computed Tomography market was worth US $4.51 Bn. in 2021.