Tue. Aug 20th, 2019

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Outlook on the CT Scanners Market by Application, End-user and Geography

4 min read
CT Scanners

The healthcare industry has always been prosperous and substantially dependent on product innovation. CT scanners market is no different, which has tremendous potential across the globe, especially for those vendors who can stay in-sync with the latest technologies. The demand in the global CT scanners market is projected to increment at a CAGR of 5.9% during the forecast period of 2017 to 2022, gaining traction from a number of factors such as increasing preference of the patients for minimally invasive diagnostic procedures, improve healthcare infrastructure in various emerging economies, recent product improvements including the advent of portable CT scanners, and escalating geriatric population who require bedside imaging and home healthcare. In terms of revenue, the global CT scanners market is estimated to be worth US$6,429.8 mn by 2022, considerably up from its evaluated worth of US$4,834.1 mn by 2017.

Rising Demand for Early Disease Detection a Boon for Market

“Technological advances leading to considerable improvement of efficiency, rising patient awareness for early disease detection, increasing prevalence of target diseases, rising demand for minimally invasive diagnostic procedures, diagnostic benefits of computed tomography, and improving healthcare infrastructure across emerging economies are primarily driving the CT scanner market, says the lead analyst of the study.” While most CT scanners are all-purpose, some of them are modified for specialty use such as cardiovascular examination and bone densitometry.

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Furthermore, rising demand for bedside imaging, rising popularity of homecare among the geriatric population in developed nations, advent of portable CT scanners, and growing use of CT scanners to examine the outcome of post interventional medical procedures or medical implants are some other key factors behind the growth of CT scanners market.

Lack of Trained Personnel Crimps Growth in Developing Countries

On the down side, factors such as considerable installation and maintenance cost, uncertain reimbursement scenario in several developing countries, and lack of well-trained healthcare personnel are challenging the growth of the CT scanners market. Nevertheless, government funding to improve healthcare facilities of state-run hospitals in countries such as China and India, ongoing trend of image-guided medical line of treatment, and rising demand for multimodal diagnostic imaging systems are likely to present new opportunities for vendors operating in the CT scanners market.

Global CT Scanners Market: Key Research Aspects

The report provides qualitative and quantitative analysis of the global CT scanners market. Qualitative analysis comprises market dynamics, trends, product overview, and country-level market information. Quantitative analysis includes major players with their reported revenue, market size, and forecast for the global CT scanners market in major countries globally. Market revenue is provided in terms of US$ Mn from 2017 to 2022 along with the compound annual growth rate (CAGR %) from 2017 to 2022 for all the segments, considering 2016 as the base year. The executive summary of the report provides a snapshot of the CT scanners with information on leading segments, country wise market information with respect to the market size, growth rate (CAGR %), and growth factors. The market overview section comprises impact factors such as drivers, restraints, and opportunities for the CT scanners market. These factors would aid the stakeholders in establishing a strong foothold in the global CT scanners market. Furthermore, the market overview section comprises key industry events, product overview, market attractiveness analysis and emerging trend in the blood transfusion diagnostics market. The market attractiveness analysis provides a graphical view comparing the growth and market dynamics in various segments and country wise to identify the most attractive market.

Global CT Scanners Market: Segmentation

Based on product type, the global CT scanners market has been segmented into C-Arm and O-Arm. On the basis of end users, the market for CT scanners has been bifurcated into hospitals, diagnostic centers, research and academic institution, ambulatory care centers, veterinary clinics and hospitals, and other end users. On the basis of modality, the CT scanners market is categorized into standalone and portable, whereas technology-wise, the market has been classified into high-slice, mid-slice, low-slice, and cone beam.

Geographically, the report takes stock of the potential of CT scanners market in the regions of North America, Europe, Latin America, The Middle East and Africa (MEA), and Asia Pacific except Japan (APEJ). Some of the key countries among these regions identified by the report that have considerable market for CT scanners are: the U.S., Canada, Brazil, Mexico, Germany, the U.K., France, Spain, India, China, Malaysia, Thailand, GCC countries, South Africa, and Israel, and Nigeria. For each of these countries, the report provides revenue comparison based on product type, end user, technology, and modality.

Global CT Scanners Market: Competitive Landscape

Koninklijke Philips N.V., GE Healthcare, Medtronic PLC, Accuray Incorporated, Samsung Electronics Co., Ltd., Shenzhen Anke High-Tech Co., Ltd., Carestream Health, Inc., Hitachi Ltd, Koning Corporation, Neusoft Corporation, Planmed Oy, Shimadzu Corporation, Toshiba Corporation, and Siemens AG are some of the key companies currently occupying prominent positions in the global CT scanners market.

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