Rising Cancer and CVD Incidence and the Resulting Need for Accurate Diagnosis Drives the CT Scanners Market
Published: February 2018
- Code: MCP-3321
- Pages: 320
- Tables: 138
- Companies: 34
COMPUTED TOMOGRAPHY (CT) SCANNERS: A RESEARCH BRIEF
The global market for Computed Tomography (CT) Scanners is forecast to reach US$7.2 billion by 2024, driven by the growing prominence of image-guided interventions against the backdrop of the rising need for early and accurate diagnosis. Also driving growth in the market are factors such as rising incidence of cardiovascular, circulatory system, spinal and inflammatory diseases and the ensuing spurt in medical diagnostic procedures; technology improvements in image processing and resolution; emphasis on less invasive procedures for diagnosis and treatment of diseases and the resulting shift of medical care towards image-guided interventions; and growing adoption of micro-CT in endodontic procedures. The United States represents the largest market worldwide, supported by aging baby boomers, the growing burden of chronic diseases especially cancer and the emergence of CT scans as standard imaging procedures mandatory during and after radiation therapy planning. Asia-Pacific ranks as the fastest growing market over the analysis period with a projected CAGR of 8%. Key factors driving growth in the region include growing government funding for improved healthcare infrastructure; untapped opportunities offered by the increase in the number of private hospitals and clinics and the relatively low CT scanner installation rate; and growing affluence of the expanding population base that can access and afford costly healthcare services.
OUTLOOK IN KEY MARKET SEGMENTS
- 64-Slice & Below Technology ranks as the largest market supported by its capability to offer superior performance in terms of functions, efficiency and dose optimization at affordable price points.
- Above 64-Slice Technology is projected to witness the fastest growth driven by growing prominence of Multi-Detector CT technology in cardiology.
PRODUCT DEFINITION & SCOPE
- Computed tomography (CT) scanning is an X-ray based technology that generates cross-sectional images of the anatomy. CT scanners use a rotating X-ray assembly that illuminates the body as it revolves around the patient. The basic idea of CT scanning is to send X-ray beams through a patient, taking thousands of pictures of the area to be examined. The final CT cross-sectional picture allows the doctor to determine tumor location, size and other characteristics that previously could have only been obtained through exploratory surgery.
TIMELINE FOR ANALYSIS
- Market Estimates and Forecasts for 2016-2024
- Historic Review 2011-2015
GEOGRAPHIC MARKETS ANALYZED
- US, Canada, Japan, Europe (France, Germany, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World
MARKET SEGMENTATION & CLASSIFICATION
- Technology Segments:
- 64-Slice and Below, and Above 64-Slice
- Canon Medical Systems Corporation
- GE Healthcare
- Hitachi Ltd.
- Koninklijke Philips N.V.
- NeuroLogica Corporation
- Neusoft Medical Systems Co., Ltd.
KEY RESEARCH DELIVERABLES
- Review of Industry/Market Structure
- Analysis of Trends & Drivers
- Insights on Macro Market Scenarios
- Market SWOT Analysis
- Latent Demand Forecasts & Projections
- Comprehensive Geographic Market Analysis
- Presentation Ready Facts & Statistical Data Findings
- Coverage of Major/Niche Players, Market Shares & Competition
- Coverage of major Company/Technology/Product/Financial Stories
- Extensive Product/Service/End-Use/Technology Coverage Where Applicable