CT Scan Market was worth $5.78 billion in 2016 and estimated to reach $7.2billion by the end of 2021 with a CAGR of 4.5%. CT scan (Computed Tomography) is an imaging of the body that uses tomography and digital geometry to generate a 3D image of the internal organs of a body. It makes use of a series of two-dimensional x-rays which are taken around a single-axis of rotation and then generated to form the 3D image. The evolution of CT scanners has advanced to the point where the number of slices per rotation no longer is the benchmark for performance. With the advent of high-speed and multi-slice CT scanners, healthcare providers have changed their approach to imaging, diagnosis and treatment of patients as new ways for clinical applications in such areas as trauma, vascular, pediatric, and cardiac imaging are possible due to the higher speeds at which scanning can be done. CAD software has been pivotal in bringing new applications to CT, for example, making cancer detection possible with CT.
The multi-slice feature has evolved CT from simply a diagnostic tool into an interventional modality. Though the most of the CT scanners are still used as general systems, some are being modified for specific purposes such as bone densitometry or cardiovascular studies. The innovation cycle of CT has become indeed very short with new and cutting-edge technology is getting introduced in the market with each being more efficient and faster. There is an increasing demand for high slice CT. The high slice CT scan is expected to improve the clinical utility considerably, as the introduction of 256 slice scanner, which has a detector width of 10 to 12 cm would help in scanning organs, including brain, heart, entire joints, and lungs and liver, within a single rotation. It is also expected to have the feature to scan the heart with a single heartbeat.
Rapidly growing demand for bedside imaging, home healthcare, and growing use of CT scan to assess the accuracy of post interventional medical procedures, medical implants and anatomical confirmation are some of the main factors driving industry growth. Increasing prevalence of diseases such as cancer, orthopedic, cardiovascular and dental disorders will also enhance the growth of the market. Also, a never-ending increase in the number of medical implants surgeries owing to unhealthy lifestyles as well as growing base of geriatric population is likely to increase demand. Other drivers of growth include the growing demands from governments for premium healthcare delivery. Significant advances in imaging technologies promise to improve wellness through quicker and more precise detection of medical conditions. A rising fiscal deficit is expected to hinder the growth of CT scan market in developed nations. Also, CT imaging radiation dose continues to be an area of concern. A lot of patients and medical associations have raised this issue and raised their voice against the possible side-effects of CT scanning. The industry continues to try to reduce exposure while ensuring image quality.
The CT Scan Market is segmented based on its types. There are three types, namely Low-slice, Mid-slice and High-slice. Low-Slice Type has been segmented into Single Slice CT Scanners and Dual Slice CT Scanners. Mid-Slice Type has been segmented into 6 Slice, 10 Slice, 16 Slice And 32 Slice. And High-Slice Type has been segmented into 40 Slice, 64 Slice, Open Versions, and Cardiac CT. On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America is expected to dominate the overall market in the next five years owing to the presence of premium healthcare infrastructure, established reimbursement framework and high healthcare affordability in this region. However, the presence of high unmet medical needs in emerging Asian economies such as India and China will help the Asia-Pacific CT scan market grow at the highest CAGR.
Some of the major players in this market are GE Healthcare, Hitachi Medical Corporation, Hitachi Medical Systems America, Inc., NeuroLogica Corporation, Neusoft Medical Systems Co. Ltd., Philips Healthcare, Shenzhen Anke High-Tech Co., Siemens Healthcare, and Toshiba Medical Systems Corporation.
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