CT Scanner Market: Current Analysis and Forecast (2021-2027)

The Global CT Scanner Market is anticipated to grow with a CAGR of around 6% over the forecast period (2021-2027). The introduction of CT scanners has been of great benefit to medical care. This technology improves diagnoses, prevents unnecessary medical procedures, improves treatment by providing detailed anatomical imaging, and is a cost-effective imaging technique. It is an essential diagnostics tool, especially for scanning bone, soft tissue, and blood vessels all at the same time. Since CT imaging is quick and easy during emergency cases, internal injuries can be detected early enough to save lives. Thus, the increasing demand for advanced assessment tools in the emergency department and the growing number of ambulatory emergency care units are the factors expected to have a positive impact on market growth. Technological advancements such as the integration of artificial intelligence and the development of accessories to enhance image quality obtained by conventional CT scanners are the major factors expected to fuel market growth. For instance, 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

Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers AG, Canon Medical Systems Corporation, FUJIFILM Corporation, NeuroLogica Corporation, Neusoft Medical System Co., Ltd., Koning Corporation, Shenzhen Anke High-Tech Co., and Hitachi Ltd. are some of the prominent players operating in the CT scanner market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with the new and advanced medical system.

Insights Presented in the Report:

"Amongst type, stationary segment holds the significant share"

Based on type, the market has been distributed into, stationary and portable. Among these, stationary CT scanners held a prominent share of the market. Stationary CT is used in the management of many injuries and diseases, such as aortic dissection, pericardial tamponade, cancers, and many others. Two classes of emergent conditions where stationary CT is particularly vital are strokes and traumatic brain injuries. This is attributed to the significant adoption of stationary CT scanners for their growing application horizons. Market growth is mainly driven by the ongoing commercialization of advanced products across major markets, increasing public-private investments in the field of high-slice CT, and growing emphasis on effective & early disease diagnosis & treatment. Moreover, advanced CT imaging capabilities offered by high-slice CT devices which are commonly stationary CT scanners, and their growing adoption for outpatient diagnostic procedures is driving the market for stationary CT scanners.

"Amongst technology, low-end slice segment accounted for a considerable share"

Based on the technology, the market is categorized into a high-end slice, mid-end slice, low-end slice, and cone beam. Among these, the low-end slice held a significant share in the market in 2020. This segment's growth is primarily driven by the increasing use of low-end slice in emerging countries, the established and strong product portfolio of market players along with the new product launches of the low-end slice. For instance, in July 2021, Planmeca Oy announced the launch of Planmeca Romexis 6.2. software. The 6.2 release includes all-new features, such as the Romexis 3D Cephalometry module for performing cephalometric tracing and analysis in 3D, as well as improvements to existing functionalities.

"North America represents one of the largest markets for CT scanner"

For a better understanding of the market dynamics of the CT scanner market, a detailed analysis was conducted for different regions across the globe including North America (the United States, Canada, and the Rest of North America), Europe (Germany, France, Spain, the United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific) and Rest of World has been conducted. North America constitutes a major market for the CT Scanner market industry in 2020 owing to the presence of well-established market players in the region, large and growing geriatric population, and advancements in CT scanners and related services.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry

The study comprehensively covers the market across different segments

Deep dive regional level analysis of the industry

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