Global Computed Tomography Market, By Product Type (Stationary CT Scanners and Portable CT Scanners), By Application (Oncology, Neurology, Intraoperative, and Others (Research application, etc.)), By End User (Hospitals, Diagnostic Imaging Centers, and Others (Academic and Research Institutes, etc)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 7.9 Bn in 2023 and is expected to exhibit a CAGR of 6.5% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Key market players are focusing on adoption of growth strategies such as launch of new products, and this is expected to drive the global computed tomography market growth . For instance, on May 17, 2023, Koninklijke Philips N.V., a global medical technology company, announced the launch of the Philips CT 3500, a new high-throughput CT system targeting the needs of routine radiology and high-volume screening programs. Philips CT 3500 includes a range of image-reconstruction and workflow-enhancing features that help to deliver the consistency, speed, and first-time-right image quality needed for confident diagnoses by clinicians.
Global Computed Tomography Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019" or COVID-19. The virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems regarding transportation of things from one place to another.
During the COVID-19 pandemic, healthcare services used various diagnostic ways for analyzing patients infected by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), among which, a chest CT scan is used for lungs to check for infected parts, and this is expected to drive growth of the global computed tomography market over the forecast period. For instance, in June 2020, a study published in The National Center for Biotechnology Information (NCBI) concluded that the features for computed tomography for COVID-19 include consolidation in lung periphery and bilateral Ground-glass opacity (GGO) with pattern.
Global Computed Tomography Market: Key Developments
- For instance, on April 12, 2023, Canon Inc., a medical device company, and the National Cancer Center Japan (NCC) initiated a clinical research employing a next-generation X-ray CT system with photon counting computed tomography (photon-counting CT, PCCT) that aims to develop new diagnostic methods and investigate clinical value by evaluating image data obtained using the PCCT system installed at Exploratory Oncology Research & Clinical Trial Center (EPOC)
- For instance, on January 21, 2021, Canon Medical Systems USA Inc. received U.S. FDA (Food and Drug Administration) clearance for its aquilion Exceed LB CT systems, and thus, providing clinicians the opportunity to see more during radiation therapy planning for accuracy, precision, and speed.
Browse 37 Market Data Tables and 31 Figures spread through 180 Pages and in-depth TOC on “Global Computed Tomography Market”- Forecast to 2030, Global Computed Tomography Market, By Product Type (Stationary CT Scanners and Portable CT Scanners), By Application (Oncology, Neurology, Intraoperative, and Others (Research application, etc.)), By End User (Hospitals, Diagnostic Imaging Centers, and Others (Academic and Research Institutes, etc.)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/computed-tomography-market-495
Key Takeaways of the Global Computed Tomography Market:
- Global computed tomography market is expected to exhibit a CAGR of 6.5% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the global computed tomography market.
- Among application, oncology segment is expected to hold a dominant position in the global computed tomography market during the forecast period due to increasing prevalence of cancer. For instance, on November 11, 2020, according to the study published by World Health Organization (WHO), approximately 70% of deaths due to cancer occur in low-and middle-income countries such as Afghanistan, India, Maldives, Fiji, Ghana. Iraq and others. Early detection of cancer can help in reducing the mortality rate. Cancer tumor screening at an early pre-malignant stage can assist healthcare providers in planning a treatment to reduce tumor through radiation therapy, chemotherapy or surgery.
- Among region, North America is expected to be the dominant region in the global computed tomography market, owing to increasing product approval by regulatory authorities. For instance, in October 2021, Siemens Healthineers AG, a medical device company, announced that the U.S. Food and Drug Administration (U.S. FDA) approved Siemens Naeotom Alpha, the first photon-counting computed tomography (CT) scanner. The centerpiece of the scanner is the new photon-counting detector whose active detection layer consists of a cadmium telluride one crystal (CdTe), and offers clear advantages over conventional CT detectors.
- Major players operating in the global computed tomography market are GE Healthcare, Koninklijke Philips N.V., NeuroLogica Corporation, Neusoft Medical Systems Co. Ltd., Hologic, Carestream Health, Toshiba, Analogic, Arineta Ltd., Eaton, Siemens Healthineers AG, FUJIFIM Corporation, Kromek, Shanghai United Imaging Healthcare Co., Ltd., Lumafield, Xoran Technologies and Koning Corporation
