Global Photon-counting Computed Tomography Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Photon-counting Computed Tomography Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Photon-counting computed tomography (PCCT) is an emerging technology in CT, which could represent the next major technological milestone in the field. Briefly, PCCT uses energy-resolving detectors, thereby enabling scanning at multiple energies.

Photon-counting computed tomography (PCCT) is a form of X-ray computed tomography (CT) in which X-rays are detected using a photon-counting detector (PCD). The first clinically-approved PCCT system was cleared by the Food and Drug Administration (FDA) in September 2021.

This technology has many advantages, such as zero dark noise, high depth of image gray scale, large dynamic range, low radiation dose required for imaging, and multi-spectral images.

Market Overview:

The latest research study on the global Photon-counting Computed Tomography market finds that the global Photon-counting Computed Tomography market reached a value of USD 94.25 million in 2022. It’s expected that the market will achieve USD 1069.83 million by 2028, exhibiting a CAGR of 49.91% during the forecast period.

The application prospect of photon-counting computed topography is broad

In recent years, photon counting technology has set off an upsurge of medical application research and development. As the globally recognized next-generation X-ray imaging technology, Photon-Counting Computed Tomography uses high-speed ASIC to count X-ray photons one by one, instead of converting X-ray to visible light by scintillator, X-ray photons are directly converted into electric pulses in the dielectric layer. Therefore, it has no crosstalk problem in traditional indirect detectors, and the spatial resolution and density resolution of images have been greatly improved. These technical advantages perfectly match the high-performance requirements of future medical imaging equipment, and have great potential in digital dentistry, breast, CT, nuclear medicine, molecular imaging, ultra-low radiation dose interventional imaging and other equipment, representing the development trend of future imaging technology.
Although photon counting detector has many advantages, there are still some problems to be solved, such as charge sharing and charge accumulation. In the future, with the progress of manufacturing technology and electronic technology, the performance of photon counting detector will be further improved, and the overall performance of CT equipment will reach a higher level.

Market Challenges

At present, the technology is only in the hands of a few manufacturers, because the photon-counting computed tomography equipment involves the research and development of top-notch photon-counting computed tomography and the production of high-end manufacturing industry.
At the same time, in the process of equipment development, there are no ready-made standards and experiences to follow in design, processing, assembly and testing. The machining difficulty of key devices is beyond imagination. This has greatly hindered new entrants from entering the market, resulting in a high market concentration in the Photon-Counting Computed Tomography industry, and the key technologies are controlled by a few manufacturers.
This new type of equipment will also bring new challenges. Firstly, it is more expensive than traditional CT equipment. The core of Photon-Counting Computed Tomography is the detector part, which is also the most expensive part. Its high price will limit its popularity, especially in the first few years.

Region Overview:

North America dominated the Photon-counting Computed Tomography market in 2022, with a market share of 62.54%.

Company Overview:

Siemens Healthineers is one of the major players operating in the Photon-counting Computed Tomography market, holding a share of 96.22% in 2023.

Siemens Healthineers

Siemens Healthineers – The new brand for Siemens' healthcare business. Siemens Healthineers AG operates as a medical technology company. The Company provides medical imaging, laboratory diagnostics, point-of-care testing, digital ecosystem, and reading solutions for health care applications.

GE Healthcare

Under the original name GE Medical Systems. In 2004, it was renamed GE Healthcare after merging with Amersham plc in the UK. As a leading global medical technology and digital solutions innovator, GE Healthcare enables clinicians to make faster, more informed decisions through intelligent devices, data analytics, applications and services, supported by its Edison intelligence platform.

Segmentation Overview:

As for product types, the Cadmium-based Detectors segment held the largest market share in 2022.

Application Overview:

In the Photon-counting Computed Tomography market, 48.22% of the total value was generated through the Oncology segment by application in 2022.

Key Companies in the global Photon-counting Computed Tomography market covered in Chapter 3:

United Imaging Healthcare
GE Healthcare
Hitachi
Siemens Healthineers
Philips

In Chapter 4 and Chapter 14.2, on the basis of types, the Photon-counting Computed Tomography market from 2018 to 2029 is primarily split into:

Cadmium-based Detectors
Silicon-based Detectors

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Photon-counting Computed Tomography market from 2018 to 2029 covers:

Cardiology
Oncology
Neurology
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)