The micro computed tomography market has been anticipated to experience significant growth avenues in the upcoming years. This market growth is on the back of various factors including increasing use and strong demand for the technologically advanced systems that are capable of 3D rendering. Further, a high replacement rate along with rising product features are likely to drive growth opportunities in the market. The additional features of these products have been expanding the applications of micro computed tomography services. Owing to these factors, the market is predicted to experience significant opportunities in the forthcoming years.
There has been a rapid increase in the applications of micro-CT in R & D activities. The countries around the world are taking various initiatives to bring technological advancements in these products that are anticipated to bolster demand opportunities in the market during the forecast period.
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Micro Computed Tomography Market: Key Trends
The dentistry segment from the micro computed tomography market is anticipated to hold a dominating position in the forthcoming years. This market growth is on the back of the increasing use of micro-CT in dentistry. These machines are used for different steps, from dental research to treatment. These micro-CT produces images with high-quality of the tooth and also related to the surrounding structures. Micro-CT imaging equipment is used to determine the length and direction of the cracks in the teeth and also the filling conditions of the fillers in dental caries. Thus, based on this extensive range of applications, the micro computed tomography market has been projected to experience significant growth opportunities in the upcoming years.
The sudden outbreak of the COVID-19 has been developing a significant impact on the growth prospects of the market. The governments from different countries around the world had imposed lockdown in order to maintain social distance to curtail increasing infection among people. This step has resulted in a decreased production rate and delayed the import and export process of these machines. But with the businesses are returning to routine activities with the removal of lockdown limitations. So, gradual growth is predicted in the micro computed tomography market in the upcoming years.
Micro Computed Tomography Market: Competitive Dynamics and Key Developments
The key players working in the micro computed tomography market have been using different strategies to drive growth avenues in the forthcoming years. Strategic collaborations, geographical expansion, product approvals, cooperative rives, mergers, acquisitions, and partnerships are used by the key companies to generate expansion opportunities in the market.
For instance, UniTOM HR has been launched by Tescan in August 2021. This has been claimed as the first dynamic micro-CT system in the world. This system is considered as an ideal one for the academic an industrial researchers.
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Some key players in the global micro computed tomography market include:
- SCANCO Medical AG
- North Star Imaging Inc.
- Sanying Precision Instruments Co.Ltd
- Bruker Corporation
- Thermo Fisher Scientific
Micro Computed Tomography Market: Regional Assessment
The micro computed tomography market is spread across different geographical locations across the world including North America, Latin America, the Middle East & Africa, and Europe. The North America region is expected to hold a dominating position in terms of market revenue with increasing presence of the key competitors in the regional market. Further, the high frequency of the novel product launch is also likely to fuel growth opportunities in the market. There has been a significant increase in research activities due to increased funding in the region. The per capita healthcare spending is comparatively higher in the United States. Furthermore, the majority of the grants and funds are provided by government institutions. Owing to these factors, the micro computed tomography market has been anticipated to experience significant growth opportunities in the forthcoming years.
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