The Global Point of Care CT Imaging Systems Market was valued at US$ 247.9 million in 2022 and is expected to reach US$ 463.64 million by 2031 at a revenue CAGR of 7.2% during the forecast period 2023 to 2031, as per the latest report published by Growth Plus Reports. The study analyzes the developmental strategies, drivers and opportunities, market trends, competitive landscape, market size, statistics, forecasts, and key investment areas.
Key Takeaways:
- Rising emergency case visits in hospitals to boost market revenue growth.
- The development of new advanced treatment methods and technological innovations propelling revenue growth.
- Collaborations, mergers, and acquisitions among leading market participants are underway to update and construct new CT imaging system products.
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Point of Care CT Imaging Systems Market Scope
| Report Attribute | Details |
| Market size value in 2022 | US$ 247.9 million |
| Revenue forecast in 2031 | US$ 463.64 million |
| Growth Rate | CAGR of 7.2% from 2023 to 2031 |
| Base year for estimation | 2022 |
| Forecast Period | 2023-2031 |
| Historical Year | 2021 |
| Segments covered | Product, Application, End User, and Region |
| Regional scope | North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Market Drivers:
The increased incidence of chronic diseases such as cancer, cardiovascular disease, and respiratory disease is driving the global point of care CT imaging systems market revenue growth. These systems are useful for illness diagnosis and monitoring, making them an essential technology for healthcare practitioners. However, the expense and maintenance of these systems with limited availability of trained personnel will restrain the market revenue to some extent.
Market Segmentation:
Growth plus reports have analyzed the global point of care CT imaging systems market from perspectives such as product, application, end-user, and region.
Product Segmentation:
Based on products, the global point of care CT imaging systems market is segmented into compact POC CT scanners and full-sized POC CT scanners.
The full-sized POC CT scanners segment dominates the market with the highest revenue share due to the increasing prevalence of chronic diseases and the rising demand for minimally invasive diagnostic procedures. Full-sized POC CT scanners are CT scanners aimed at offering high-quality 3D diagnostic pictures. They are larger and more powerful than other types of POC CT scanners, increasing this segment’s revenue share.
The compact POC CT scanners segment is expected to be the fastest-growing segment in terms of revenue share during the forecast period due to its compact size, lightweight, and detailed images.
Application Segmentation:
Based on the application, the global point of care CT imaging systems market is segmented into musculoskeletal, neurology, ENT, respiratory, and others.
The neurology segment dominates the market with the largest revenue share. This large revenue share of this segment is attributed to the neurological applications for point of care CT imaging systems, including the diagnosis and monitoring of stroke, traumatic brain injury, brain tumors, and several neurological conditions.
End-User Segmentation:
Based on the end user, the global point of care CT imaging systems market is segmented into hospitals, clinics, ambulatory surgery centers, and others.
The hospital segment accounts for the largest revenue share of the market owing to the high patient footfall and diagnosis of various traumatic injuries, stroke, cancer, and other conditions which can be properly treated in hospitals.
The ambulatory surgery centers segment is expected to be the fastest-growing segment throughout the forecast period due to same-day surgical procedures and other medical interventions that do not require overnight hospitalization.
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Regional Growth Dynamics:
Based on region, the global point of care CT imaging systems market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominates the global point of care CT imaging systems market with the largest revenue share. This large revenue share is attributed to the presence of key market players, top-notch reimbursement policies, and new product launches.
Competitive Landscape:
The prominent players operating in the global point of care CT imaging systems market are:
- Siemens Healthcare Private Limited
- CurveBeam AI, Ltd
- Xoran Technologies, LLC
- Planmed OY
- NeuroLogica Corp.
- Thorlabs, Inc.
- KaVo Kerr
- Carestream Health
- GE Healthcare
- Koninklijke Philips N.V
Key market players are continuously involved in collaborations, mergers, and acquisitions to upgrade and build new products in CT imaging systems, which is also helping in the growth of the global point of care CT imaging systems market.
Recent Developments:
- In November 2022, to offer non-premium CT and general imaging ultrasound solutions, GE HealthCare and Sinopharm, the parent company of China National Medical Device Co. (CMDC), formed a long-term joint venture.
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