Over the projected period, growth is anticipated to be driven by market participants expanding their research and development efforts to create technologically sophisticated computed tomography machines. For instance, on September 30, 2021, the Siemens NAEOTOM Alpha, created by Siemens Medical Solutions Inc., a provider of medical instruments and equipment, received approval from the United States Food and Drug Administration (U.S. FDA). Industry participants take pleasure in having their CT systems approved for use in the diagnosis of various ailments. During the course of the forecast period, this is anticipated to boost the growth of the worldwide computed tomography market. During the course of the projection period, the market is anticipated to grow at an increased rate due to rising regulatory approvals. For instance, the U.S. FDA authorised Ga 68 PSMA-11 for Positron Emission Tomography (PET) on December 1, 2020, which was created for patients with probable prostate cancer metastases. An active diagnostic substance is Ga 68 PSMA-11. Prostate cancer ranks third among all cancers in the United States.
According to Coherent Market Insights, the global Computed Tomography Market is anticipated to reach US$ 7,101.7 Mn in 2021 and show a CAGR of 6.1% over the forecast period (2021-2028).
Leading Companies in the Computed Tomography Industry:
1. United Medical Imaging Inc.
The business was established in 2006 and Los Angeles, California, USA serves as its headquarters. The business offers breast ultrasound and biopsy, digital x-ray, ultrasound, fluoroscopy, bone density testing, screening mammograms, diagnostic, and nuclear medicine services. At the University of Utah's Huntsman Cancer Center, United Imaging has announced the installation of clinical systems starting in September 2022.
2. Siemens Healthineers
The company was established in 1847 and has its headquarters in Erlangen, Germany. The business functions as a medical technology business and offers medical imaging, laboratory diagnostics, point-of-care testing, digital ecosystem, and reading solutions for healthcare applications. After discontinuing its own linear accelerators in 2011, the company announced in August 2020 that it would buy Varian Medical Systems. This move would bring radiation therapy back into the picture.
3. Canon Medical Systems Corporations
The company was established in 1948 and has its headquarters in Otawara, Tochigi, Japan. The business creates, produces, markets, and provides support for a variety of medical equipment, including diagnostic X-ray, diagnostic ultrasound, and diagnostic magnetic resonance imaging systems as well as other related products. Canon Medical announced in November 2022 that it would launch a paradigm shift in the productivity of its MR portfolio.
4. GE Healthcare
The company was established in 1994 and is based in Chicago, Illinois. . It produces diagnostic medical equipment such CT scanners, MRIs, X-ray machines, sonography, cardiology labs, and nuclear medicine webcams as well as the dyes used for magnetic resonance imaging techniques. In February 2023, GE HealthCare announced that it would purchase Caption Health, expanding ultrasound to support new users through FDA-cleared, AI-powered image guidance.
5. Koninklijke Philips N.V.
The corporation's headquarters are in Amsterdam, Netherlands, and it was established in 1891. The business provides goods and services in consumer health, home care, patient monitoring, image-guided therapy, diagnostic imaging, and health informatics. Through healthy living, prevention, diagnosis, treatment, and home care, the organisation aims to improve people's health throughout the health continuum.
6. NeuroLogica Corporation
The firm was founded in 2004 and is based in Danvers, Massachusetts. The company Neurologica Corp. offers solutions for digital radiography, portable CT, and ultrasound imaging. In October 2022, NeuroLogica received CE certification for all of its premium mobile computed tomography systems.
7. Toshiba
The firm was established in 1875 and has its headquarters in Minato, Tokyo, Japan. The Toshiba Corporation produces and sells electrical and technological goods. NAND flash memory, system LSIs, and digital goods including computers and televisions are among the company's offerings. In December 2022, Toshiba developed transparent photoluminescent phosphor for use in LED, sensing, and security printing applications.
8. Eaton
The company was founded in 1911 and has its headquarters in Dublin, Ireland. The company delivers electrical and industrial components, lighting, wiring, circuit protection, and fire detection systems to the aerospace, automotive, filtration, hydraulics, and plastic extrusion industries.
Definition: A computed tomography scan is a type of medical imaging procedure used to produce in-depth pictures of the body's inside. The individuals who perform CT scans are known as radiologists or radiography technologists.
