CT Scanner Market Forecasts to 2028 – Global Analysis By Device Architecture (O-Arm CT Scanners, C-Arm CT Scanners), Application (Research Applications, Human Applications, Veterinary Applications), and By Geography

CT Scanner Market Forecasts to 2028 – Global Analysis By Device Architecture (O-Arm CT Scanners, C-Arm CT Scanners), Application (Research Applications, Human Applications, Veterinary Applications), and By Geography

According to Stratistics MRC, the Global CT Scanner Market is accounted for $6.80 billion in 2022 and is expected to reach $10.44 billion by 2028 growing at a CAGR of 7.4% during the forecast period. CT scan is a long-established imaging technique that has witnessed ample modifications and improvements over the past few decades. CT scans can be used to diagnose conditions including damage to bones, injuries to internal organs, problems with blood flow, strokes. CT scanner offers multi factorial benefits in disease diagnosis, screening and treatment.

In 2020, there were 40.59 computed tomography (CT) scanners per one million inhabitants in South Korea. This represents an increase compared to the previous year. The amount of CT scanners available has been steadily increasing over the past two decades, up by around 43 percent since the year 2000. The ratio of computed tomography (CT) scanners to inhabitants in Russia increased by 0.5 scanners per one million inhabitants (+3.74%) in 2019. With 13.87 scanners per one million inhabitants, the ratio of CT scanners to inhabitants thereby reached its highest value in the observed period. Notably, the ratio of CT scanners to inhabitants continuously increased over the last years.

Market Dynamics:

Driver:

Technological advancements

The global CT scanner market expected to drive growth during the forecast period. Technological improvement coupled with rising preference for minimally invasive surgeries are the major drivers for the market. The diagnostic imaging industry has witnessed major technological improvement in the field of computed tomography, including the emergence of low-dose and automated CT scanners. These devices offer high image quality with enhanced spatial resolution and low radiation exposure to the patient as well as surgeons. These advanced CT devices have a simplified console, offer ease of operability, and provide affordable installation with minimal space requirements.

Restraint:

Effects of radiation

The global CT scanner market likely to hamper growth during the forecast period, because of impact of radiation and expanding wellbeing concerns. Diagnostic imaging methods use CT scanner devices that discharge electromagnetic waves or particles called ionizing radiation. It can harm the DNA in cells and raise the opportunity that they'll turn malignant.

Opportunity:

Growing incidences of chronic diseases

Increasing occurrence of chronic disorders globally is one of the key drivers influence the CT scanner market demand. Changing way of life propensities like smoking, and tobacco utilization combined with rising air contamination levels will additionally expand the commonness of malignant growth. CT scanner is likewise utilized for compelling determination and treatment of stroke.

Threat:

Side effects

The global CT scanner market likely to hamper growth during the forecast period, as some people are allergic to the contrast materials. Most of the time, the reaction is mild. It can lead to itchiness or a rash. In very few cases, the dye may trigger a life-threatening reaction.

Covid-19 Impact:

The COVID-19 outbreak has brought about an extensive expansion in the interest for CT scan equipment, with Siemens reporting sales of 80 to 100 units in just 45 days. Moreover, several manufacturers are growing the production capacity of CT systems owing to the rising demand for chest CT examinations in COVID-19 patients.

The human segment is expected to be the largest during the forecast period

The human segment is expected to have a lucrative growth, due to increase in market demand for intraoperative surgical operations and the increasing prevalence of chronic illnesses. Diagnostic applications like cardiology, cancer, neurology, and other diagnostic applications and intraoperative applications make up the human applications section. Thus, the research segment is anticipated to be the fastest growing segment, owing to the rising development and advance technological enhancements in research and development sector.

The cone beam CT (CBCT) segment is expected to have the highest CAGR during the forecast period

The cone beam CT (CBCT) segment is anticipated to witness the fastest CAGR growth during the forecast period. Compact size, low radiation exposure, and low cost compared to conventional CT are some of the advantages associated with the method. The capability of CBCT for 3D evaluation of the maxillofacial region has led to their increasing demand in dentistry. Growing applications of CBCT are expected to propel the overall CT market during the forecast period.

Region with highest share:

The North America region market is estimated to witness a highest share of the global CT market during the forecast period due to the fast adoption of advanced technology and the introduction of various devices in favor of patient safety. With modern techniques, the devices allow the patient to have lower exposure to higher radiations, which promotes fewer side effects, enhancing the market's growth in this region. Also, raising capita income in developed and developing countries is leveraging the development of the market. Thus, the U.S. is expected to rule with the most dominating share in this region, followed by Canada during the forecast period.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period and offer lucrative growth possibilities to the market participants. Increasing healthcare expenditure and effective treatment procedures at any cost boost the market's growth rate in this region. As a result, countries such as UK and Germany are predicted to lead the European market.

Key players in the market

Some of the key players in the global CT Scanners market include GE Healthcare, Koninklijke Philips N.V., Samsung Electronics Co., Ltd., Hitachi Ltd, Toshiba Corporation, Siemens AG, Medtronic PLC, Pointnix Co., Ltd., Carestream Health, Inc., Shenzhen Anke High-Tech Co., Ltd., Koning Corporation, Neusoft Corporation, Shimadzu Corporation, Accuray Incorporated, Planmed Oy, CurveBeam, Xoran Technologies, LLC and NeuroLogica Corporation.

Key Developments:

In May 2021, Siemens Healthineers launched a new CT scanner, Somatom X. need. It is a high-speed, high-resolution CT scanner with an intelligent operation approach that makes procedures easier for medical staff and patients.

In September 2021, GE Healthcare introduced a new CT system, Revolution Ascend which uses Artificial Intelligence (AI) to improve operational efficiency and patient comfort.

In February 2020, Hitachi Medical Systems announced the launch of medical imaging innovation center in the U.S. This strategy will assist the company in developing novel medical imaging devices.

Device Architectures Covered:
• O-Arm CT Scanners
• C-Arm CT Scanners

Technologies Covered:
• Cone Beam CT (CBCT)
• Low-Slice CT
• Mid-Slice CT
• High-Slice CT

Types Covered:
• Portable CT Scanners
• Stationary CT Scanners

Applications Covered:
• Research Applications
• Human Applications
• Veterinary Applications

End Users Covered
• Veterinary Clinics
• Research Laboratories
• Hospitals
• Ambulatory Care Centers
• Diagnostic Centers
• Academic Institutes
• Clinical research organization (CRO)
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements