Global Computed Tomography Market– A Boon in Medical Imaging
Computed tomography (CT) is a computerized X-ray imaging procedure. CT scanners uses motorized X-ray source as compared to conventional X-rays, which uses X-ray tube, fixed at a point. Cross sectional images or slices are generated through the computer for assessment of the signals produced. The slices also known as tomographic images contain more information than conventional X-rays. 3-D images of the patient enables surgeons, easier identification, location of the basic structures, and possible abnormalities or tumors in the body. Dense structures in the body are easily imaged as compared to soft tissues, because X-rays passes easily through softer tissues, producing faint images. To contain this drawback, intravenous (IV) contrast agents are used. For instance, to examine the possible obstructions in the circulatory systems, a contrast system based on iodine is injected in the blood vessels and barium-based compounds are used as oral contrast agents for imaging organs in the digestive system.
Growth of the computed tomography market is primarily driven by increasing product innovation, increasing research and development activities and growing awareness about the non-invasive technologies. For instance, in December 29, 2017 the Median Technologies announced a research agreement with Xingtai people’s Hospital to provide company’s proprietary MediScan image analysis technology for the screening of lung cancer in the Xingtai city. Earlier, in April 2017, Toshiba Medical, upgraded its Aquilion Lightning 80 CT system (Aquilion). Aquilion is designed to produce high resolution images to help surgeons with faster disease diagnoses and treatment.
The global computed tomography market was valued at US$ 5,021.6 million in 2016 and is expected to exhibit a robust CAGR of 5.2% over the forecast period (2017–2025).
Global Computed Tomography Market Revenue (US$ Mn), by Region – 2016
North America is expected to be dominant in the global computed tomography market over the forecast period
North America accounted for the largest share in the global computed tomography market, followed by Europe in 2016. This is attributed to increasing prevalence of cancer in the region and a large number of skilled healthcare professionals. For instance, according to American Cancer Society, in 2015, approximately 1.7 million new cases of cancer were diagnosed in the U.S.
Additionally, according to the World Health Organization (WHO), around 17.7 million people across the globe died due to cardiovascular disorders. Early detection with diagnostic systems such as the CT scans could aid in reducing the incidence of these disorders. Thus, increasing adoption of computed tomography for providing better diagnostic solutions and to detect abnormalities and fractures in the body is a factor expected to drive growth of the market over the forecast period.
Collaborations, and agreements driving the growth of computed tomography market
The players in the computed tomography market are collaborating with innovative solutions providers to drive growth. For instance, in November 2017, the Sectra Corporation (Sectra), an international medical imaging information technology company signed a distribution agreement with El Seif Development Company (El Seif). According to the agreement El Seif will distribute Sectra’s enterprise image management solutions, which comprise of picture archiving and communication system (PACS) for image sensitive procedures such as breast imaging, orthopedic and cardiovascular procedures. With this healthcare providers (2,300 primary care centers and 470 hospitals) in Saudi Arabia, will gain access to the Sectra’s in proprietary imaging solutions. In January 2017, Bruker microCT (Bruker), subsidiary of Bruker Corporation and iTomography Corporation (iTomo) entered into a multiyear license agreement for the software technology developed by iTomo. This provided Bruker with non-exclusive rights to the software developed through iTomo’s image reconstruction algorithm.
Key players in the global computed tomography market include GE Healthcare, Siemens Healthineers, Hitachi Medical Corporation, NeuroLogica Corporation, Philips Healthcare, Toshiba Medical Systems, Neusoft Medical System, and Shenzen Anke High-Tech Co. Ltd.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.