Global Computed Tomography Market: Shift From Medical Care Towards Image Guided Interventions Spurring Market Expansion With A CAGR Of 6.5% During The Forecast Period 2016-2024

The global diagnostic imaging market is projected to attain USD 40 billion by 2024, growing at the CAGR of 6.5% over the forecast period. The global computed tomography market is expected to grow at the CAGR of 5% over the forecast period and valued USD 5.1 billion in 2016. Medium slice CT device acquires almost 20-25% of total CT market share in 2016. In the forecast year, high slice and multi sliced CT devices tend to dominate the market. Low-dose CT screening for lung cancer among high-risk smokers would be cost-effective in Taiwan making CT market of Taiwan to reach the valuation of USD 0.68 billion by 2024.

The new Revolution of CT Scanner from GE introduced to suspects serious disease or injury. The machines use a narrow beam of X-rays processed by a computer to create slices of the body and assemble them into detailed 3D images. Diagnostic radiology has been revolutionized by computed tomography (CT). The basic principle of axial and radial or spiral has transformed the medical imaging world from 2D to 3D organ visualization. Since the CT’s inception in 1970, 62 million estimated scans per year are reported in US. X-ray imaging procedure is being replaced by CT due to the involvement of the larger radiation doses that are efficiently utilized in clinical applications.

According to Goldstein Research, global computed tomography market is projected to register a growing CAGR of 5.0% over the forecast period. Depending on geographic regions, global computed tomography market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, and Asia Pacific excluding Japan, Japan and Middle East & Africa. North America tends to maintain its dominance over the global computed tomography market owing to increasing healthcare expenditure, improving healthcare infrastructure, rising geriatric population. Europe and APAC CT market is expected to witness highest growth rate of 6-7% over the forecast period.

 “Global Computed Tomography Market 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry computed tomography manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, cosmetic product manufacturers, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

Global Computed Tomography Industry Trends, Application, & Segmentation can be classified on the basis of:

By Type                                                                                                      

  • Low Slice CT Scanner
  • Medium Slice CT Scanner
  • High Slice CT Scanner
  • Multi Slice CT Scanner

By Application

  • Cardiovascular Applications
  • Oncology
  • Neurovascular Application
  • Abdomen and Pelvic Application
  • Pulmonary Angiogram
  • Spinal Application
  • Musculoskeletal Application

By End User

  • Diagnostic Labs
  • Hospitals

By Geography

  • North America (US, Canada) Computed Tomography Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Computed Tomography Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Computed Tomography Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) Computed Tomography Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Computed Tomography Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Market Trends, Drivers and Challenges

Technology innovations are getting implemented on current generation CT systems in order to reduce dose, improve image quality and speed. Features like higher slice system, new detector technology, iterative reconstruction, CT lung screening and spectral CT imaging are of high demand in current scenario of healthcare-technology fusion. Increasing cases of cardiac arrest and chest pain which is the top emergency department presentations and in the current value- and efficiency-based healthcare climate where CT offer the most cost-effective option to evaluate the patients is the major driver of CT market. However, stringent regulations for the approval of CT devices due to the side effects of ionization radiation and heavy calcification producing blooming artifacts are hindering the global computed tomography market. 

Global Computed Tomography Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Computed Tomography market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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