Computed Tomography (CT) Scanners Market to Exhibit a CAGR of 5.9% by 2027; FDA Approval for Hitachi’s Scenaria to Propel Growth, states Fortune Business Insights™
The global “computed tomography (CT) scanners“ market size is expected to reach USD 9.64 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period. The growing demand for advanced imaging systems including computed tomography systems will stimulate the healthy growth of the market, states Fortune Business Insights, in a report, titled The market size stood at USD 6.86 billion in 2019.
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COVID-19 can affect the global economy
in three main ways: by directly affecting production and demand, by creating
supply chain and market disruption, and by its financial impact on firms and
financial markets. The outbreak of COVID-19 has brought effects on many
aspects, like flight cancellations travel bans and quarantines restaurants
closed all indoor events restricted over forty countries state of emergency
declared massive slowing of the IT Spending market volatility falling business
confidence, growing panic among the population, and uncertainty about future.
Out research methodology is robust and includes data triangulation
based on bottom-up and top-down approaches. We validated the approximate market
number with the help of primary research. Secondary research was conducted to find
out detailed information about mergers & acquisitions, collaborations,
joint ventures, and agreements. At the same time, we have derived significant
information about the market dynamics associated with growth drivers, trends,
and obstacles.
Rising Cases of Chronic Disorders to Fuel Product
Demand for CT Scanners
The demand for early-stage diagnosis among patients will foster
the healthy growth of the market. The developing healthcare infrastructure in
emerging countries will spur demand for effective and advanced diagnostic
systems, which, in turn, will spur demand for computed tomography scanners. The
increasing cases of chronic disorders in the U.S., Germany, China, Japan, and
India will further propel the market's development. According to the American
Heart Association, an estimated 121.5 million adults were suffering from
cardiovascular diseases in the U.S. in 2018. The growing number of patients
undergoing imaging procedures will have a positive impact on the CT scanners
market growth. According to the NHS, an estimated 2.5 million people in the
U.K. are suffering from cardiovascular diseases.
Surging CT Scan Procedures to Uplift Market During
Pandemic
The application of computed tomography in Covid-19 management is
expected to promote the growth of the market. Computed tomography has evolved
as an essential tool in managing and diagnosis of covid-19 patients. The rising
number of CT scanners can offer favorable conditions for the market during
coronavirus. However, the declined number of oncology, and cardiology
procedures can reduce demand for computed tomography systems, which, in turn,
will dampen the growth of the market. Besides, the declined sales recorded by
key companies will further retard the expansion of the market. For instance, GE
Healthcare, one of the major players in the global market, registered a 9%
decline in Q3 ended September 2020 as compared to Q3 2019, due to the lower
equipment demand during the period.
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Well-established Healthcare Infrastructure to Augment
Growth in Europe
Europe is expected to hold the largest CT scanners market share
during the forecast period due to increasing awareness about chronic disorders.
The well-established healthcare facilities in countries such as, Germany,
France, and Italy will aid development in Europe. Asia Pacific is expected to
dominate the global market during the forecast period due to the increasing
incidence of chronic diseases. The developing healthcare sector and strong
unmet need for advanced diagnostic systems in diagnostic centers will create
opportunities for the Asia Pacific market.
Quick Buy - Computed Tomography (CT) Scanners
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September 2019: Hitachi, Ltd. announced that it has received the U.S FDA clearance
for Scenaria View premium performance CT that can satisfy all the essential
clinical needs.
The Report Lists the Main Players in the Computed Tomography
(CT) Scanners Market:
- GE
Healthcare (Massachusetts, United States)
- Hitachi,
Ltd. (Tokyo, Japan)
- Siemens
Healthineers AG (Erlangen, Germany)
- Koninklijke
Philips N.V. (Amsterdam, Netherlands)
- Neusoft
Medical Systems (Shenyang, China)
- Canon
Medical Systems Corporation (Shimoishigami, Japan)
- Carestream
Health (New York, U.S.)
- Planmeca
Oy (Helsinki,Finland)
- Fujifilm
Corporation (Minato-ku, Tokyo, Japan)
- Other
Prominent Players
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Table of Contents:
- Introduction
- Research
Scope
- Market
Segmentation
- Research
Methodology
- Definitions
and Assumptions
- Executive
Summary
- Market
Dynamics
- Market
Drivers
- Market
Restraints
- Market
Opportunities
- Key
Insights
- New
Product Launches, Key Players
- Installed
base of CT scanners for Key Countries, 2019
- Key
Industry Development – Merger, Acquisitions and Partnerships
- Prevalence
of Key Disease Conditions, Key Countries, 2019
- Technological
Advancements in the CT Scanners Market
- Impact
of COVID-19 on the Market
- Global
Computed Tomography (CT) Scanners Market Analysis, Insights and Forecast,
2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Technology
- High
Slice
- Mid
Slice
- Low
Slice
- Cone
beam Computed Tomography (CBCT)
Market Analysis, Insights and Forecast – By
Application
- Orthopedics
- Cardiovascular
- Oncology
- Neurology
- Others
Market Analysis, Insights and Forecast – By Modality
- arm
- C arm
Market Analysis, Insights and Forecast – By End User
- Hospitals
& Ambulatory Surgical Centers (ASCs)
- Diagnostic
Imaging Centers
- Others
Market Analysis, Insights and Forecast – By Geography
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
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SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE
FOLLOWING INFORMATION:
- Details
such as revenues, market share, strategies, growth rate, product &
their pricing by region/country for all major companies
- Details
in relation to prevalence, incidence, patient numbers, distribution of
patients, average price of treatment, etc.
- Number
of end user facilities by region/country and average annual spending or
procurement of devices by type of end user facility
- Number
of procedures and average price of procedures
- Replacement
rate and pricing of capital equipment
- Market
dynamics in relation to the market under focus – Drivers, restraints,
trends, and opportunities
- Market
& technological trends, new product developments, product pipeline.
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