Increasing global geriatric population, technological advances and growing public awareness on health care are vital driving factors. Regulatory frameworks and lack of adequate reimbursement are major restraints of computed tomography market.
The Computed Tomography Market is anticipated to grow at a CAGR of 5.5% over the course of the forecast period, rising from US$ 5.6 Billion in 2020 to US$ 9.9 Billion in valuation by 2030. Due to the vast range of uses for CT scanners, including the detection of minute anomalies, the diagnosis of circulatory system diseases and conditions, the detection of blood vessel aneurysms, blood clots, kidney stones, etc., sales of CT scanners are anticipated to increase.
Computed Tomography is an imaging process that uses special X-ray equipment to create detailed pictures or scans in our body. It also called as Computerized Axial Tomography. Computed Tomography provides a different form of images known as cross sectional images and three dimensional images. These images useful for diagnostic, therapeutic and research purpose. Computed Tomography is widely used to detect small a Billion normalities, diagnose circulatory system diseases and conditions, blood vessel aneurysm, blood clots, kidney stones, to detect head injuries and internal bleeding and detect a Billion normal growth of cancer cells.
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Computed Tomography Market: Drivers and Restraints
The global computed tomography market is driven by following factors such as increasing the prevalence of cardiovascular diseases, orthopedic disorders and Cancer. Growing the popularity in diagnostic centers and increase demand for high quality of health care delivery. There is advances in digital imaging technology and significance for screening and early diagnosis of chronic cardiovascular diseases and cancer.
Increasing global geriatric population, technological advances and growing public awareness on health care are vital driving factors. Regulatory frameworks and lack of adequate reimbursement are major restraints of computed tomography market.
Computed Tomography Market: Region- wise Outlook
The global computed tomography market is expected to register a double digit CAGR for the forecast period. Depending on geographic regions, global computed tomography market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, and Asia Pacific excluding Japan, Japan and Middle East & Africa.
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Global Computed Tomography Market is dominated by North America due to the significant spending power of large segments of the population and technological advancement, followed by Europe, Asia pacific and Latin America are expected to experience a rapid growth.
Who are a Few Key Players in the Computed Tomography Market?
Some of the key market players in the global computed tomography market are GE Health Care, Siemens Health Care, and Toshiba Medical System Corporation, Philips Health Care, Hitachi Medical Corp, Neusoft Medicals, Neurologica Company Ltd.
These players focus on growth strategies such as product launches, product innovations, and mergers and acquisitions, and the same results in a larger number of sales of CT scanners across the globe.
To gain the greatest computed tomography market share, most players concentrate on introducing technologically advanced products into the computed tomography market.
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Such a recent happening by the key player in order to augment their computed tomography market share is when Siemens Healthineers has introduced the Somatom X.ceed, a novel CT scanner designed for quick and accurate diagnosis.
Computed Tomography Market: Segmentation
Global Computed Tomography market is further segmented into following types:
By Product:
By Application:
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By End Users:
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Apr 19, 2023
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