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Global CT Scanner Market is Expected to Foresee Significant Growth During the Forecast Period. North America Held a Significant Portion of the Pie

The global CT scanner market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 6% during the forecast period (2021-2027F). The rising prevalence of targeted disease, technological advancement, growing emphasis on effective and early disease diagnosis, growing geriatric population, and increasing investment in the medical device industry are some of the key attributable factors to the growth of the market.

The rise in the technological advancements in CT scanners, growth in awareness regarding early disease diagnosis among the population, healthcare favorable policies, and increasing healthcare funding act as the major factors driving the CT scanner market. The rise in the need for effective and early diagnosis, the increasing prevalence of targeted diseases among people across the globe, and the high usage of CT scans over other imaging modalities owing to their various benefits accelerate the CT scanner market growth. From the manufacturer’s side, the increase in mergers and acquisitions among key players in the market for the development and distribution of advanced CT scanners and the enhancement of CT scanners such as the ability to extract clinical information from CT studies influence the CT scanner market. Additionally, the rise in consumer inclination towards minimally invasive diagnostic procedures, growing awareness related to procedural benefits offered by computed tomography, the surge in healthcare funding by the private and public sectors and increasing healthcare expenditure positively affect the CT scanner market. Furthermore, the change in preference towards multimodal diagnostic imaging systems and market shift towards image-guided intervention extends profitable opportunity to the CT scanner market players.

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Based on the application, the market is categorized into, oncology, neurology, cardiology, vascular, musculoskeletal, and others. Among these, the oncology segment holds a significant portion of the pie and is expected to expand at a prominent rate over the forecast period. The increasing prevalence of cancer and the growing applications of CT scans in the diagnosis of various types of cancers including lumps and tumors are the factors expected to drive the segment. The introduction of innovative technologies including computer-aided detection and computer-aided diagnosis of suspicious cancer nodules and accessing the risk of malignancy, especially in lung cancer is expected to boost the growth. The software can additionally calibrate the captured image with biopsy outcome helping in accurate diagnosis.

Based on end-users, the segment is separated into hospitals, diagnostic imaging center, ambulatory imaging center, and other. Among these, the hospital segment dominated the market and accounted for a significant share in 2021. The increasing number of emergency admissions in hospitals and the growing number of surgeries performed each year has contributed to the market share. Moreover, CT scans serve as an effective tool for accurate diagnosis pre-operative and post-operative to determine the effectiveness of the treatment. The difficulty and risk associated with the transportation of critical-ill patients from hospital to a third-party diagnostics center for CT scans, has forced the hospitals to establish their CT scans machine contributing to the growth of this market.

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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.

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.

Global CT Scanner Market Segmentation

MARKET INSIGHTS BY TYPE

  • Stationary
  • Portable

MARKET INSIGHTS BY TECHNOLOGY

  • High-end slice
  • Mid-end slice
  • Low-end slice
  • Cone beam

MARKET INSIGHTS BY APPLICATION

  • Oncology
  • Neurology
  • Cardiology
  • Vascular
  • Musculoskeletal
  • Others

MARKET INSIGHTS BY END-USERS

  • Hospitals
  • Diagnostics imaging center
  • Ambulatory imaging center
  • Others

MARKET INSIGHTS BY REGION

North America CT Scanner Market

  • The United States
  • Canada
  • Rest of North America

Europe CT Scanner Market

  • Germany
  • France
  • The United Kingdom
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific CT Scanner Market

  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific

Rest of World CT Scanner Market

Top Company Profiles

  • 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.
  • Hitachi Ltd.

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