|
Forecast Period
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2024-2028
|
|
Market Size (2022)
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USD 5.98 Billion
|
|
CAGR (2023-2028)
|
5.76%
|
|
Fastest Growing Segment
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Cardiology
|
|
Largest Market
|
North America
|
Market Overview
Global CT Scanners Market has valued at USD 5.98 Billion in 2022 and is
anticipated to project impressive growth in the forecast period with a CAGR of 5.76%
through 2028. Computed tomography (CT) is a medical imaging technique that
utilizes x-rays to generate cross-sectional images, or slices, of the anatomy.
It involves the use of a scanner consisting of a patient bed and a motorized
x-ray source that rotates around a gantry, a donut-shaped structure. By
collecting successive slices and digitally stacking them, CT creates a
three-dimensional (3D) image of the patient using advanced software.
This imaging modality enables physicians to diagnose and monitor various
medical conditions, including cancer, infection, trauma, and cardiovascular
diseases (CVDs). CT is also highly effective in detecting and locating lesions,
injuries, pulmonary embolisms, tumors, hemorrhage, bone fractures, and excess
fluids. Compared to conventional x-ray imaging, CT provides superior image
quality, faster processing, and the ability to detect soft tissue damage, while
also eliminating issues related to overlapping bones and organs.
Key Market Drivers
High Prevalence of Cancer, Cardiovascular Disorders and Brain Disease
CT scanners are gaining popularity as the prevalence of cancer,
cardiovascular diseases, and brain disorders continues to rise. For instance,
cancer claims the lives of over 10.6 million people worldwide each year, with
more than 16 million new diagnoses annually. Late detection of cancer has been
identified as a major contributor to these deaths. However, the landscape is
changing with the rapid adoption of advanced imaging technologies like CT
scanners in the Computed Tomography (CT) scanner market, enabling early cancer
diagnosis. Similarly, cardiovascular diseases (CVD) are the leading cause of
death globally, accounting for over 32% of all deaths. This has prompted both
patients and healthcare institutions to turn to advanced imaging technology to
detect heart abnormalities.
Moreover, as the population ages, the incidence of Alzheimer's disease
is on the rise. CT scanners play a crucial role in the quick and accurate
diagnosis of these illnesses. Additionally, CT scans are frequently utilized to
determine the presence of tumors in patients. The global prevalence of cancer,
cardiovascular diseases, and brain disorders is increasing. This trend is
expected to persist as the population ages and risk factors like tobacco use,
obesity, and sedentary lifestyles become more prevalent. Consequently, the
number of individuals diagnosed with these conditions is projected to sharply
rise, leading to an increased demand for CT scanners.
CT scanners are indispensable tools for diagnosing and treating these
conditions. They provide detailed internal images that assist doctors in
identifying tumors, blockages, and other abnormalities. The Computed Tomography
(CT) scanner market is also witnessing a significant surge in demand for
guiding treatment, such as surgery or radiation therapy. The growing demand for
CT scanner services is straining healthcare systems worldwide. Many countries
are already facing shortages of CT scanners and trained personnel to operate
them. This situation is expected to worsen as case numbers continue to rise,
potentially resulting in longer wait times for patients requiring scans and
ultimately leading to poorer health outcomes.
Growing Demand for AI-based CT Scanner
CT scanning technology is rapidly advancing, with new AI-based scanners
entering the market each year. These scanners are increasingly cost-effective,
precise, and reliable, making them a preferred choice for medical professionals
and patients alike.
The popularity of AI-based CT scanners can be attributed to their
accuracy and reduced radiation exposure. This technology has a multitude of
medical applications, including the detection of tumors and other medical
conditions. Additionally, AI-based CT scanning is utilized for generating 3D
images of objects. Several of the latest AI-based CT scanners in the global
Computed Tomography (CT) scanner market possess the capability to automatically
identify abnormalities in scans and suggest treatment options. This feature
proves particularly beneficial for younger patients who may not be familiar
with medical terminology. Furthermore, AI-based CT scanners not only offer
improved speed and accuracy but also come at a comparable cost to traditional
scanners.
Rise in Number of Accidents
The alarming rise in the number of accidents has catalyzed a substantial
increase in the demand for CT (Computed Tomography) scanners. This surge in
demand is driven by several interconnected factors, primarily centered around
the critical role CT scanners play in modern healthcare and emergency response
systems. CT scanners excel in providing detailed, cross-sectional images of the
body, allowing medical professionals to quickly assess the extent of internal
injuries such as fractures, internal bleeding, and organ damage. The speed and
precision of CT scans are crucial in triaging patients and determining the most
appropriate course of treatment, potentially saving lives in critical
situations.
Moreover, the advancements in CT scanning technology have made these
machines more accessible and efficient. Portable and mobile CT scanners are now
available, facilitating on-site scanning in emergency rooms and even at
accident scenes. This portability has transformed the way emergency medical
teams respond to accidents, enabling immediate diagnosis and facilitating
prompt decision-making. The rise in accidents has also prompted an increase in
preventive healthcare measures. Routine screenings and health check-ups with CT
scans have gained popularity as individuals become more conscious of their
health in light of the heightened accident rates. This preventive approach not
only contributes to early detection of potential health issues but also fuels
the overall demand for CT scanning services. The growing number of accidents
has undeniably heightened the demand for CT scanners, primarily due to their
indispensable role in diagnosing and treating accident-related injuries. The
evolving technology and increased accessibility of these scanners ensure that
they continue to be a crucial component of modern healthcare and emergency
response systems in our ever-changing world.
Rise in the Number of Medical Centers and Laboratories
The proliferation of medical centers and laboratories has led to a
significant surge in the demand for CT (Computed Tomography) scanners, creating
a symbiotic relationship between healthcare infrastructure expansion and
diagnostic imaging technology. The rise in medical centers and laboratories
reflects an increased emphasis on healthcare accessibility and quality. As
healthcare becomes more decentralized and localized, there's a growing need for
advanced diagnostic tools like CT scanners. These facilities require reliable
imaging equipment to provide comprehensive diagnostic services, making CT
scanners an indispensable component of their infrastructure. The
diversification of healthcare services and specialization within medical
centers and laboratories has contributed to the demand for CT scanners. As
specialized units emerge, such as cardiology centers, cancer treatment
facilities, and neurological clinics, each requires specialized imaging
capabilities for precise diagnoses and treatment planning. CT scanners, with
their ability to capture high-resolution images of various body structures,
cater to the specific needs of these specialized centers.
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Key Market Challenges
Lack of Adequate Reimbursement
The lack of adequate reimbursement for CT (Computed Tomography) scans
has been a significant deterrent in the healthcare industry, leading to a
decrease in the demand for these vital diagnostic tools. This issue has
multifaceted implications for both healthcare providers and patients. The cost
associated with CT scans can be substantial, making reimbursement crucial for
the financial sustainability of healthcare facilities. Inadequate reimbursement
rates fail to cover the expenses related to equipment maintenance, staffing,
and other operational costs, forcing healthcare providers to consider
cost-cutting measures, potentially limiting access to CT scanning services. The
lack of adequate reimbursement affects patient access to advanced healthcare
services. When healthcare providers face financial challenges due to under
compensation, they may reduce the availability of CT scans or limit them to
certain indications. This can lead to delays in diagnosis and treatment,
negatively impacting patient outcomes, particularly for those with urgent or
critical medical conditions.
The healthcare industry's shift toward value-based care and cost
containment has put pressure on healthcare providers to optimize resource
allocation. In this context, inadequate reimbursement for CT scans may
discourage investments in state-of-the-art imaging technology and limit the
ability to upgrade or replace aging equipment, potentially compromising the
quality of care delivered.
Stringent Regulatory Framework
The stringent regulatory framework governing CT (Computed Tomography)
scanners has been a notable factor contributing to the decreased demand for
these crucial medical imaging devices. While regulations are essential to
ensure patient safety and the quality of healthcare services, an overly complex
and rigid regulatory environment can have adverse effects on the availability
and accessibility of CT scanning technology. Stringent regulations can
significantly slow down the approval process for new CT scanner models or
upgrades to existing ones. The extensive testing, documentation, and compliance
requirements can lead to delays in the introduction of innovative features and
improvements, limiting the availability of state-of-the-art equipment. This can
stifle competition in the market and discourage manufacturers from investing in
research and development. The cost of compliance with stringent regulations can
be burdensome for manufacturers and healthcare providers alike. Manufacturers
may need to invest substantial resources in meeting regulatory requirements,
which can result in higher production costs. In turn, healthcare facilities may
face elevated procurement expenses, potentially limiting their ability to
invest in the latest CT scanner technology.
While regulations are essential to ensure patient safety and the quality
of medical services, an overly stringent regulatory framework can deter
innovation, increase costs, and limit access to advanced CT scanning
technology. Striking the right balance between safety and innovation is crucial
to ensure that patients have access to the best possible care while fostering
continued advancement in medical imaging technology.
Key Market Trends
Advanced Imaging Techniques
The development of advanced imaging techniques, such as spectral imaging
and dual-energy CT, holds great potential for the future of CT scanners. By
leveraging these cutting-edge techniques, healthcare professionals can obtain a
more comprehensive understanding of the human body, enabling them to delve
deeper into tissue characterization and achieve more accurate diagnoses. This
not only facilitates the creation of tailored and personalized treatment plans,
but also contributes to improved patient outcomes by ensuring that the most
effective interventions are employed.
Moreover, companies that strategically invest in research and
development to further enhance these imaging techniques can position themselves
at the forefront of the market. By continuously pushing the boundaries of
innovation, they gain a significant competitive advantage in the ever-evolving
healthcare landscape. This enables them to meet the growing demands of
healthcare professionals and patients, while also contributing to advancements
in medical imaging technology as a whole. By embracing these advancements, the
future of CT scanners looks promising, with the potential to revolutionize
patient care and diagnostics.
Precision Medicine and Theranostics
The rise of precision medicine and theranostics, a powerful combination
of diagnostics and therapeutics, is revolutionizing healthcare practices. By
leveraging cutting-edge technologies such as CT scanners, healthcare
professionals are able to obtain detailed imaging and insights that are crucial
in guiding targeted therapies and monitoring treatment effectiveness. With
their ability to provide high-resolution images and advanced imaging
techniques, CT scanners play a pivotal role in enabling precise diagnosis,
optimizing treatment planning, and accurately assessing therapy response.
This emerging field has opened up exciting opportunities for
collaboration between CT scanner manufacturers and pharmaceutical companies.
Together, they can develop integrated solutions that seamlessly combine imaging
capabilities with innovative therapeutics, resulting in a more personalized and
effective approach to patient care. These integrated solutions have the
potential to significantly improve patient outcomes by enabling healthcare
professionals to tailor treatments based on individual characteristics and
response to therapy. With the integration of CT scanners and theranostics,
healthcare professionals can now embark on a new era of precision medicine.
This approach not only enhances the accuracy and effectiveness of diagnostics
and therapeutics but also brings about a paradigm shift in healthcare delivery.
By embracing this transformative technology, we are paving the way for a future
where patient care is truly personalized, leading to better outcomes and
improved quality of life.
Segmental Insights
Device Architecture Insights
Based on device
architecture, the market is segmented into O-arm and C-arm. The O-arm scanner
segment is anticipated to exhibit the highest growth rate during the forecast
period. This growth can be attributed to several factors driving the demand for
O-arm systems. Firstly, the increasing complexity and volume of scanner operations
being performed in healthcare facilities have created a greater need for
advanced imaging solutions like O-arm scanners. These systems provide
high-resolution images and real-time visualization, enabling surgeons to
perform procedures with greater accuracy and precision.
The market is
witnessing a greater acceptance of novel solutions, with healthcare providers
recognizing the benefits and advantages of O-arm systems. The ability to obtain
intraoperative imaging without moving the patient, combined with the
flexibility to perform both 2D and 3D imaging, has revolutionized surgical
procedures in various specialties. Surgeons can now navigate complex anatomical
structures with confidence, leading to better patient outcomes and reduced
complications. Overall, these factors contribute
to the rapid expansion of the O-arm scanner market segment, as healthcare
facilities strive to adopt state-of-the-art imaging solutions that can improve
surgical outcomes and patient satisfaction. With the increasing demand for
advanced intraoperative imaging, the O-arm scanner segment is poised for
significant growth in the coming years.
End User Insights
The global CT
scanner market is divided into different segments, including Hospitals,
Diagnostic Centres, and others. Among these segments, hospitals have emerged as
the dominant player in the end-user category. This can be attributed to their
extensive utilization and well-established infrastructure. With the rise in the
geriatric population and the increasing prevalence of chronic diseases, the
demand for CT scanners in hospitals has witnessed significant growth.
Additionally, hospitals are equipped with advanced imaging technologies and
experience higher patient footfall, further reinforcing their leading position
in the market.
On the other hand,
the Diagnostic Centres segment is expected to experience substantial growth
during the forecast period. This can be attributed to the growing demand for
accurate and timely diagnosis of health conditions. As patients seek precise
and efficient diagnostic services, the demand for CT scanners in diagnostic
centres is anticipated to capture a larger market share. Overall, the CT
scanner market is expected to witness steady growth, driven by the increasing
need for advanced and efficient imaging technologies in healthcare settings.
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Regional Insights
The North America market is anticipated to capture a substantial global
revenue share throughout the projected period. This can be attributed to
various factors, including a sizable patient demographic affected by diseases,
patient preference for advanced technologies, the presence of coexisting
chronic conditions, well-established manufacturers advancing scanner
technology, and the adoption of advanced technologies for critical illness
treatment.
Asia Pacific region is expected to exhibit the highest growth rate among
regional markets. This growth is propelled by the increasing privatization in
the healthcare industry, population growth accompanied by lifestyle diseases,
supportive government measures, a rapidly expanding number of hospitals, and a
growing economy. China and India emerge as the primary contributors to the
scanner market in this region, primarily due to substantial investments in
healthcare infrastructure. In developing countries like India and China, where
limited budgets hinder investment in new medical imaging equipment such as CT
scanners, there is a growing demand for cost-effective and efficient diagnostic
solutions. These factors drive the growth of the scanner market in the Asia
Pacific region.
Recent Developments
- June 2022: Trivitron
Healthcare has revealed its plans to introduce CT-Scan and MRI systems made in
India during the fiscal year 2022-23. These systems will be available for both
Indian and international markets, enabling improved diagnosis even in remote
areas due to their intelligent features, cost-effectiveness, and portability.
- April 2022: Wipro GE
Healthcare has launched the next-generation Revolution Aspire CT scanner, which
is entirely designed and manufactured in India at the recently established
Wipro GE Medical Devices Manufacturing plant. This initiative aligns with the "Atmanirbhar
Bharat" vision.
- April 2022: Siemens
has announced the inauguration of a new production line in Bengaluru, India,
dedicated to the manufacture of CT scanners.
- November 2021:
Siemens Healthineers introduced the Naeotom Alpha, a photon-counting CT scanner
cleared for clinical use in the United States and Europe.
- May 2021: Royal
Philips unveiled the Spectral Computed Tomography (CT) 7500, based on spectral
detector technology, to enable precise diagnostics.
Key Market Players
- Canon Medical Systems Corporation
- Fujifilm Holdings Corporation
- Medtronic, Plc.
- GE Healthcare
- Shimadzu Corporation
- Koning Corporation
- Koninklijke Philips N.V.
- Neusoft Medical Systems Co. Ltd
- Siemens Healthineers AG
- Carestream Health, Inc.
|
By Slice
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By Modality
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By Device Architecture
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By Application
|
By End User
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By Region
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- 8-slice
- 16-slice
- 32-slice
- 64-slice
- 128-slice & above
|
|
|
- Cardiology
- Oncology
- Neurology
- Others
|
- Hospital & Clinic
- Home Care
- Ambulatory Surgical Center
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
Report Scope:
In this report, the Global CT Scanners Market has been segmented into the
following categories, in addition to the industry trends which have also been
detailed below:
- CT Scanners Market, By Slice:
o
8-slice
o
16-slice
o
32-slice
o
64-slice
o
128-slice & above
- CT Scanners Market, By Modality:
o
Fixed
o
Mobile
- CT Scanners Market, By Device Architecture:
o
O-arm
o
C-arm
- CT Scanners Market, By Application:
o
Cardiology
o
Oncology
o
Neurology
o
Others
- CT Scanners Market, By End User:
o
Hospital & Clinic
o
Home Care
o
Ambulatory Surgical Centre
- CT Scanners Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
§ Egypt
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in the Global CT Scanners Market.
Available Customizations:
Global CT Scanners market report with the given market data, Tech
Sci Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
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