CT Scanner Market is anticipated to grow at a CAGR of 5.1% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “CT Scanner Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global CT scanner market was estimated to account forover US$ 5.23 billion in 2019. It is anticipated to grow at a CAGR of 5.1% from 2020 to 2030.
The significant growth of the market can be attributed to the increasing demand forminimally invasive diagnostic techniques globally. Moreover, the increasing prevalence of various chronic diseases and an increasing geriatric population are anticipated to further boost the growth of the CT scanner market over the forecast period. Further more,extensive research & development by major companies anduniversities across the globe to introduce enhanced products in the CT scanner market is expected to contribute to growth of the CT scanner market. However, the high cost of installation and maintenance, as well as the dearth of skilled professionals,will restrain market growth to a certain extent.
The increasing incidences of chronic and infectious diseases globally are playing a pivotal role in driving marketgrowth. According to the World Health Organization,cancer is the second leading cause of deaths globally and was responsible for an estimated 9.6 million deaths in 2018. Moreover, increasing geriatric populations that are more susceptible to chronic illnessesare increasing the burden on healthcare systems as well as on requirements for diagnostic procedures. CT scanners are minimally invasive and can be used for the diagnosis of chronic infectious diseases. This, in turn, fuels the growth of the CT scanner market.
Similarly, prominent players are launching new products with technological advancements that offermore advantages such as devices that will offer better image quality and low radiation exposure to the patients as well as surgeons. For instance, in 2019, Konink lijke Philips N.V., launched Incisive CT at the 2019 European Congress of Radiology. Incisive CT is integrated with innovations in imaging, workflow, and lifecycle management that enables healthcare providers to improve the CT experience for patients as well as the staff and enables smart clinical decision-making. Such factors are anticipated to propel the CT Scanner market during the forecast period.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, CT Scanner Market by Type (Stationary CT Scanners and Portable CT Scanners), Architecture (C-Arm CT Scanners and O-Arm CT Scanners),Technology (Low-Slice CT, Mid-Slice CT, High-Slice CT, and Cone Beam CT (CBCT)), Application (Human Applications, Research Applications and Veterinary Applications), End User (Hospitals &Diagnostic Centers, Research Laboratories, Ambulatory Care Centers and Veterinary Clinics &Hospitals)- Global Analysis & Forecast 2020-2030 in detail along with the table of contents:https://www.marketindustryreports.com/ct-scanner-market/280
However, skilled professionals are required to handlethese devices, as poorly captured images might lead to misinterpretation. Thus, the dearth of skilled professionals to handle these devices as well as the high costsinvolved in the installation and maintenance of these devices willhindering market growth to a certain extent.
Asia Pacific is estimated to account for the highest CAGR in the CT scanner market during the forecast period. Increasing incidences of chronic diseases such as cancers, rising patient awareness regarding the benefits of CT scanning in early disease diagnosis and rising government initiatives for healthcare infrastructure development are anticipated to boost the CT scanner market in these regions.
Some of the prominent players in the global CT scanner market are Konin klijke Philips N.V., Siemens Healthcare Private Limited, GENERAL ELECTRIC COMPANY, TOSHIBA IT & CONTROL SYSTEMS CORPORATION, Hitachi, Ltd, Medtronic, VATECH, Neusoft Corporation, SAMSUNG HEALTHCARE and Accuray Incorporated,among others.
Market Industry Reports (MIR) believes in sharing accurate market-related insights. The information that we obtain is from authentic sources and key opinion leaders in the industry. We take efforts to ensure that the information published by us is both reliable and accurate; however, we take no liabilities for any inaccuracy in the information obtained from users, manufacturers, or other sources; opinion, projections, and estimates may be subject to fluctuations and changes.
This report is intended for internal use by the customer and not for disclosure to third parties or general publications. No part of the report or the report as a whole may be reproduced, resold, lent, circulated or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without explicit permission from MIR. Neither MIR nor any of our partner companies take responsibility for any short-term or long-term decisions taken by our clients based on insights present in our publications.