Global Computed Tomography Market Size, Trends, & Growth Opportunity, By Technology Outlook, By Application Outlook, By Technology Outlook, By Device Architecture Outlook, By Type Outlook, By Region & forecast till 2027.
Global Computed Tomography Market
Global Computed Tomography Market is projected to grow from USD 6.3 Bn in 2021 to USD 8.61 Bn by 2027 at a CAGR 4.54% from 2022-2027.
CT scan, Computed Tomography, is a body imaging technique which make use of tomography and digital geometry to create a 3D image of body’s internal organs. Computed Tomography is a computerized X-ray imaging procedure in that it creates complete images of internal organs, bones, soft tissue, & blood vessel. In this process, cross-sectional images are created during computer tomography scan. Computed tomography scanning is the best method for detecting various types of cancers and images allow doctors to identify the presence of tumor and determine its location and size. It is used to visualize the infection and evaluate injuries related to head, shoulder, spine, heart, abdomen, knee, and chest. It can diagnose life threating conditions.
Market Drivers
Technological improvement in CT technology combined with the increasing incidence of long-term disorders such as cancer, orthopedics & cardiovascular and neurological conditions are anticipated to drive the market growth. Since the arrival of COVID-19 pandemic, there has been a boost in usage of CT scan equipment so that, demand for enhanced imaging solution is projected to rocket up market expansion. Increasing in geriatric population, rush in demand to recognize the effectiveness of the treatment are the components which fuel the growth of Computed Tomography Market. Additionally, rise in number of producers of tomography system is expected to boost the growth of market. Growing awareness regarding early diagnosis propel the growth of the market.
Market Restraints
High cost related with computed tomography system installation and maintenance is anticipated to restrict the market growth in the upcoming years. Also, CT imaging radiation does continue to be area of concern. Many patients and medical association have uplifted this issue and raised their voices against CT scanning’s possible side effect which will hamper the growth of the market.
Market Segmentation
The Global Computed Tomography Market is segmented into Technology, Application, End-Use, Type, Device Architecture. By Technology such as High-End Slice, Mid End Slice, Low-End Slice, Cone Beam. By Application such as Oncology, Neurology, Cardiology, Vascular, Musculoskeletal, Others. By Technology such as Hospitals, Diagnostics Imaging Center, Ambulatory Imaging Center. By Device Architecture such as C-arm CT Scanners, O-arm CT Scanners. By Type such as Stationary CT scanners, Portable CT scanners.
Regional Analysis
The Global Computed Tomography Market is segmented into five regions such as North America, Europe, Asia Pacific, Latin America, and MEA. North America held largest share of 30.40% in 2021 and is anticipated to continue its superiority during the forecast period. In the Asia Pacific, the market is expected to attest notable CAGR over the forecast period due to the enhancing healthcare infrastructure, mainly in the vastly regions such as India and China and high acceptance rate of advanced medical imaging devices. Europe is expected to grow at a remarkable CAGR owing to rise in awareness about chronic disorder. Latin America is expected to hold comparatively lower share of the market because of low healthcare pay out in this region.
Key Players
Various Key Players are listed in this report such as Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers AG, Canon Medical Systems, FUJIFILM Corporation, NeuroLogica Corp, Neusoft Corporation, Koning Corporation, Shenzhen Anke High-Tech Co
Market Taxonomy
By Technology
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