Computed Tomography (CT) Market – Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2017–2025

Posted on 2017-08-19 by COHERENT MARKET INSIGHTS in Healthcare // 0 Comments

SEATTLE, WA, 2017-Aug-19 — /EPR Network/ —

Computed Tomography (CT), also called computed axial tomography or computerized tomography, is an imaging technique that uses combinations of various X-ray images taken from different angles that produces cross-sectional images of specific internal body organs. CT images can be used for various diagnostic, research and therapeutic purposes. Computed tomography is mainly used for detect to diagnose differences in circulatory system diseases and conditions such as blood vessel aneurysm, kidney stones, blood clots, brain and head injuries, infarction, calcification, tumors, hemorrhage, internal bleeding and uncontrolled and abnormal cell growth in cancer patients. CT is advantageous over conventional 2D radiography in several ways as the images produced by CT totally eliminates the superimposition of images that are outside the area of interest. Moreover, the CT produces high resolution images that can easily differentiate between tissues that are different in their physical intensities.

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Increase in prevalence of cancer and orthopedic disorders to boost growth of the global computed tomography market

According to American Cancer Society, around 1.7 million new cases of cancer were diagnosed in the U.S. in 2015, resulting in 589,430 fatalities. This high death rate could be lowered with the use of early detection and better diagnostic systems. Thus, computed tomography providing better diagnostic solutions to detect abnormal cell growth and tumors in the body is expected to show a market rise in the forecast period. Additionally, according to the World Health Organization (WHO), on an average 17.7 million people across the globe died due to cardiovascular disorders in 2015. This inadvertently creates a highly conducive environment for growth of the global computed tomography market.

The global computed tomography market can be segmented on the basis of product type, application, end user and geographical region.

On the basis of product type,

Low Slice CT Scanner (<64 slices)
Medium Slice CT Scanner (64 slices)
High Slice CT Scanner (>64 slices)

On the basis of application,

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

Based on the end user,

Diagnostic centers
Hospitals
Others

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North America to dominate the global computed tomography market, owing to increased

On the basis of regional segmentation, the global computed tomography market can be segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. North America dominates the global computed tomography market owing to high spending power of the companies to come up with innovative features in the field of medical imaging as well as technological advancement. Europe and Asia Pacific are expected to exhibit rapid growth in the global computed tomography market, due to upcoming government policies and presence of various major players in the region. For instance, the U.S. FDA recently in 2017 passed a regulatory guideline which states initiative to reduce unnecessary radiation exposure from medical imaging in order to manage the risks of computed tomography (CT), fluoroscopy and nuclear medicine imaging procedures.

The increase in demand and popularity for high quality health care solutions are driving the global computed tomography market

Along with high prevalence and incidence rates of cancer and cardiovascular diseases, the prevalence rate of musculoskeletal and orthopedic disorders are also responsible to drive the global computed tomography market. A report by Science Daily suggested that 126.6 million Americans i.e. one in two adults in America is affected by some or the other musculoskeletal disorders. This suggests that the global market can be potentially driven by a large number of patients suffering from musculoskeletal disorders for the diagnosis of the malfunction and treatment pain inducing areas. In addition to this, several other factors driving the global computed tomography market includes rise in global geriatric population, growing public awareness and technological advancements in health care. However, the side effects caused due to the radiations could obstruct the market from propelling.

The key players in the global computed tomography market include GR Healthcare, Siemens Healthcare, Toshiba Medical System Corporation, Philips Health Care, Hitachi Medical Corporation, Neurologica Company Ltd., and Neusoft Medicals. Improvement in the non-invasive techniques for medical diagnostic imaging facilities and employment of strategies such as partnership, merger and acquisition are helping these companies to grab a major share in the global computed tomography market.

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