PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1364686
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1364686
Computed Tomography (CT) Scanners Market size was valued at USD 6,663.0 Million in 2022, expanding at a CAGR of 5.8% from 2023 to 2030.
The healthcare sector has several uses for computed tomography, often known as CT or computed axial tomography (CAT). To create cross-sectional pictures of certain portions of the scanned object, CT employs computer-processed X-ray images collected from various angles. This enables medical professionals to observe an object's inside without dissecting it.
The growing collaboration among the key market players is expected to propel the market growth during the forecast period. For instance, in April 2023, to create next-generation Cadmium Zinc Telluride (CZT) based detector systems for Photon Counting Computed Tomography (PCCT) applications in the medical imaging and security industries, Kromek Group plc and Analogic Corporation have announced their collaboration. The spatial resolution, radiation dose reduction, and energy resolution of CZT-based PCCT detectors are improved over those of traditional CT detectors by overcoming their intrinsic limits. When employed in medical imaging, this cutting-edge technology can lead to an improvement in picture quality while also opening a door to material characterization and quantitative data that enable the early diagnosis of life-threatening illnesses like breast cancer or heart disease. Passengers will be able to retain their luggage in their bags while precisely detecting forbidden and dangerous objects in real-time during security screening due to the increased picture quality and 3D imaging of passenger bags and parcels.
The Global Computed Tomography (CT) Scanners Market is segmented based on technology, application, end user and Region.
Based on the technology, the global Computed Tomography (CT) Scanners market is segmented into High-end Slice CT Scanner, Mid-end Slice CT Scanner and Low-end Slice CT Scanner. The High-end Slice CT Scanner segment is expected to hold a significant market share over the forecast period. A high-slice CT scanner contributes to shorter scan times, more patient throughput, lower radiation exposure, and more detailed, less distorted pictures. Additionally, it is recommended for sophisticated imaging, such as in cardiovascular examinations. On the other hand, high-slice systems, which are quicker and offer a bigger imaging area, are more suited for patients with arrhythmias, rapid heart rates, obesity, and paediatric patients. Since there is no need to process film pictures, high-slice CT is also speedier. Computer-aided image optimization allows radiologists to see microcalcifications that low- and medium-slice CT scanners could miss. Therefore, the benefits of high-slice CT scanners might spur market expansion.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market over the forecast period. The presence of a well-established healthcare system, rising prevalence of chronic diseases including cancer and neurological disorders, and rising public knowledge of medical imaging are all contributing factors to the market expansion in the area. The growing elderly population might be attributed to the expansion of the US market. Cancer cases and chronic illnesses are projected to increase as the population ages. The National Brain Tumor Society estimates that over 700,000 Americans will have a brain tumor in 2020, and approximately 87,000 will receive a diagnosis. As a result, the burden of chronic illnesses is increasing due to the expanding elderly population, which might lead to an increase in demand for CT scans and drive the market.
The key players operating in the market are: GE Healthcare, Canon Medical Systems Corporation, Fujifilm Holdings Corporation, Koninklijke Philips NV, Shimadzu Corporation, Koning Corporation, Neusoft Medical Systems Co. Ltd, Siemens Healthineers, Carestream Health, Planmeca Group (Planmed OY) and Stryker Corporation among others.
In June 2023, the Biograph Vision.X PET/CT scanner from Siemens Healthineers was unveiled as a prototype at the Society of Nuclear Medicine and Molecular Imaging (SNMMI) annual meeting.
The scope of this report covers the market by its major segments, which include as follows: