The Computed Tomography Market is projected to grow at a CAGR of 7.2% from 2024 to 2031.
Computed tomography Market is a computerized X-ray imaging procedure that creates detailed images of internal organs, bones, soft tissue, and blood vessels. During CT scans, cross-sectional images are generated, providing the most effective method for detecting various types of cancers. These images help doctors accurately identify the presence, location, and size of tumors. Understanding the Computed Tomography Market size is crucial, as the demand for these advanced imaging techniques continues to grow in the healthcare industry.
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Computed Tomography Market Trends:
The rising geriatric population and increasing incidences of chronic diseases will drive the growth of the Computed Tomography Market size.
The Computed Tomography Market is driven by factors such as the rising geriatric population, increasing chronic diseases, shift towards image-guided interventions in medical care, and technological advancements. According to the American College of Chest Physicians, lung cancer is a prevalent concern, with global incidents expected to rise significantly by 2030. Osteoporosis-related fractures, affecting millions globally, highlight the role of CT scans in orthopedic diagnostics and surgeries. As the burden of orthopedic disorders grows, so does the demand for CT scanners in the healthcare sector.
Numerous collaborations, partnerships, and agreements are shaping the Computed Tomography Market size. For example, in December 2020, JSCN Medical Clinic LP and Siemens Healthineers Canada partnered to establish a diagnostic imaging center in Canada. The facility will feature MRI, CT, X-rays, and ultrasound technologies, reflecting strategic initiatives aimed at driving market growth.
The high cost of computed tomography systems may impede market growth.
However, the high installation and maintenance costs of computed tomography systems are anticipated to limit market growth in the forecast period.
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Computed Tomography Market Segmentation
The High Slice System Segment Shows Fastest CAGR Growth Forecast (2021-2028)
The advantages of high slice CT scanners drive growth in the Computed Tomography Market size. High slice CT scanners reduce scan time, increase patient throughput, lower radiation doses, and provide detailed, artifact-free images, making them ideal for advanced imaging such as cardiovascular exams. They are particularly beneficial for patients with arrhythmias, fast heart rates, obesity, and pediatric patients due to faster scans and larger imaging coverage. Additionally, high slice CT scanners eliminate the need for film development, allowing radiologists to optimize images using computer-assisted detection of micro-calcifications, enhancing diagnostic accuracy.
These advanced CT scanners provide 3D imaging capabilities for complex conditions like cardiac or respiratory issues, driving segment growth. According to the British Heart Foundation (January 2021), cardiovascular diseases account for over 27% of deaths in the UK, with 7.6 million people living with heart conditions. These factors are poised to fuel growth in the forecast period.
Computed Tomography Mark
By Device Part
Slice Detector
High Slice System,
Mid Slice System
Low Slice System
X-Ray Source
By Body Part
Abdominal and pelvic
Angiography
Cardiac
Extremities
Head
Lungs
By End-User
Diagnostic Centers
Hospitals
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Computed Tomography Market Regional Share:
North America Leads the Global Computed Tomography Market in Market Share
North America is poised to dominate the Computed Tomography Market size in the forecast period. With an aging population, the region anticipates a rise in cancer cases and chronic diseases. According to the National Brain Tumor Society, approximately 700,000 people in the United States had brain tumors in 2020, with an estimated 87,000 new diagnoses annually. The increasing burden of chronic diseases among the elderly is expected to drive demand for CT scans, thereby influencing market growth.
The Computed Tomography Market is driven by rising investments in cardiovascular diseases and advancements like dual source technology. For instance, Siemens Healthineers' SOMATOM Force received FDA approval in March 2019 for its 4D imaging and low radiation exposure capabilities. Such innovations and strategic initiatives fuel market growth.
Computed Tomography Market Key players:
Key players are Canon Medical Systems Corporation, Fujifilm Holdings Corporation, GE Healthcare, Shimadzu Corporation, Koning Corporation, Koninklijke Philips , Neusoft Medical Systems Co. Ltd, CareStream Health.
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