Shift From Medical Care Towards Image Guided Interventions Spurring Market Expansion Of Computed Tomography Market

Posted on 2018-08-17 by Goldstein Research in Healthcare // 0 Comments

New York, USA, 2018-Aug-17 — /EPR Network/ — 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 the 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 the 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 are expected to witness the highest growth rate of 6-7% over the forecast period.

“Global Computed Tomography Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the 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 centres, medical research laboratories and academic medical centres and universities to analyze the future prospects of the overall healthcare industry.

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Global Computed Tomography Market 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 (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the 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 (%)}

Browse Full Report: https://www.goldsteinresearch.com/report/computed-tomography-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

Market Trends, Drivers and Challenges

Technology innovations are getting implemented on current generation CT systems in order to reduce the 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 the 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 artefacts are hindering the global computed tomography market.

“ Computed Tomography Market Report” has been prepared based on an in-depth market analysis from industry experts. The market analysis 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 the competitive advantage to the existing and new entry players.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on healthcare market reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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