Valuing $4,894.3 million in 2015, the global computed tomography (CT) market is projected to advance at a CAGR of 5.0% during the forecast period. Increasing prevalence of chronic diseases, rising healthcare expenditure, and growing emphasis on the early diagnosis of diseases are among the major factors driving the growth of the market. Moreover, improving healthcare infrastructure in developing countries is supporting the market growth.
CT imaging involves the use of X-rays to generate detailed images of internal organs, soft tissues, bones, and blood vessels. It is a critical method employed in healthcare settings for the diagnosis of circulatory system conditions (such as blood clots, coronary artery diseases, and aneurysms), spinal conditions, kidney diseases, and various inflammatory diseases (such as sinusitis and ulcerative colitis).
Diagnostic centers and hospitals are the major end users of CT systems across the world. During the forecast period, the computed tomography market is expected to witness faster growth in product demand from diagnostic centers, mainly on account of the increasing pool of patients visiting these centers for the screening of various diseases.
Although the computed tomography market is projected to register notable growth in the coming years, factors such as stringent regulations with respect to product manufacturing and potential risks associated with the use of CT systems due to exposure to radiation may impede the market growth to some extent.
Geographically, North America is expected to lead the computed tomography market, on account of the factors such as the presence of key industry players, increasing healthcare expenditure, and growing prevalence of chronic diseases that require a CT examination for diagnosis and further treatment. However, in terms of growth, Asia-Pacific (APAC) is expected to be the fastest-growing regional market for CT systems, demonstrating a CAGR of 5.8% during the forecast period.
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Hitachi Ltd., Siemens AG, Toshiba Corporation, Samsung Electronics Co. Ltd., General Electric Company, and Koninklijke Philips N.V. are some prominent players operating in the global computed tomography market.
GLOBAL COMPUTED TOMOGRAPHY MARKET SEGMENTATION
Market Segmentation by Slice Type
Market Segmentation by End User
Market Segmentation by Geography