Computed Tomography Market to Surpass US$ 7.9 Billion Threshold by 2025

Published On : Jan 04, 2018

The global computed tomography market, by Product Type (Low Slice CT Scanner (<64 slices), Medium Slice CT Scanner (64 slices), and High Slice CT Scanner (>64 slices)), by Application (Oncology, Cardiovascular Applications, Musculoskeletal Applications, Neurovascular Applications, Spinal Applications, and Others), by End User (Hospitals, and Diagnostic Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 5,021.6 million in 2016 and is projected to exhibit a CAGR of 5.2% over the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights.

Growth of the global computed tomography market is primarily attributed to rampant innovation in the CT systems. With rampant innovation in the healthcare industry, key players are focusing on introducing new products to reduce current healthcare burden. For instance, in July 2017, Samsung Electronics healthcare entity — NeuroLogica, introduced BodyTom Elite (BTE) — a full body CT scanner. BTE is an upgraded version of entity’s BodyTom 32-slice CT scanner and has new features such as upgraded software, hardware, and visual design. In addition to above features, the BTE software also includes low dose lung cancer screening to detect abnormalities. In April 2017, Toshiba Medical, Aquilion Lightning 80 CT system (Aquilion). Aquilion is designed to produce high resolution images to help surgeons with faster disease diagnoses and treatment. Additionally, Aquilion is cost effective as compared to premium CT scanners and features PUREViSION CT Detector, and 3D enhanced Adaptive Iterative Dose Reduction for dose reduction and patient safety.

Browse 27 Market Data Tables and 35 Figures spread through 140 Pages and in-depth TOC on Global Computed Tomography Market by Product Type (Low Slice CT Scanner (<64 slices), Medium Slice CT Scanner (64 slices), and High Slice CT Scanner (>64 slices)), by Application (Oncology, Cardiovascular Applications, Musculoskeletal Applications, Neurovascular Applications, Spinal Applications and Others), by End User (Hospitals, and Diagnostic Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2025

To know the latest trends and insights prevalent in the computed tomography market, click the link below:

https://www.coherentmarketinsights.com/market-insight/computed-tomography-market-495 

Manufacturers in the healthcare industry are focusing on developing new diagnostic products integrated with advanced technology to deliver better results. Key manufacturers are also collaborating to strengthen their product portfolio related to medical imaging. For instance, in last few months of 2017 prominent players such as Philips Healthcare, Siemens Healthineers, and GE Healthcare entered into collaboration with HeartFlow Inc. — a personalized medical technology company. The company’s HeartFlow FFRct Analysis is the first non-invasive technology that enables surgeons to diagnose coronary artery disease based on physiology and anatomy. The collaboration with HeartFlow Inc. is expected to enable Philips Healthcare to co-develop iFR or cathlab X-ray angiography image derived FFR solution to enhance workflow. The collaboration agreement with Siemens Healthineers and GE Healthcare is expected to aid in developing CT scanners based on HeartFlow Inc.’s FFRct Analysis platform.

Key Takeaways of the Market:

  • The global computed tomography market is expected to exhibit a CAGR of 5.2% over the forecast period (2017–2025), due to increased collaboration and agreements between key players. Asia Pacific region in the global computed tomography market is expected to exhibit a high growth rate, in terms of value, over the forecast period, owing increasing healthcare expenditure in China, according to China’s ministry of finance healthcare expenditure in 2016 increased to CNY1.31 billion, with annual increase over a year ago.
  • Among applications, the cardiovascular segment is expected to exhibit a significant CAGR of 6.0%, owing to large pool of population suffering from cardiovascular disorders. For instance, according to American Heart Association (AHA), in 2013, cardiovascular diseases accounted for over 17.3 million deaths globally, representing 31% of all global deaths. The global number is expected to rise to 23.6 million by 2030.
  • The global computed tomography market is characterized by product innovations and collaborations of global players with smaller players in the industry

Major players operating 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.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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