The global CT scanner market size is expected to reach USD 10.75 billion by 2029 according to a new study by Polaris Market Research. The report “CT Scanner Market Share, Size, Trends, Industry Analysis Report, By Type (Stationary, Portable); By Technology (High Slice, Mid Slice, Low Slice, Cone Beam CT); By Architecture (C-arm, O-arm); By Application, By Region; Segment Forecast, 2021 - 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rise in technology breakthroughs in CT scanners increased public knowledge about early illness detection, and measures done by the government via effective policies and medical financing are the primary drivers driving the scanning market. The rising demand for accurate and early detection, the rising frequency of targeted illnesses among people worldwide, and the widespread use of CT scans above other imaging modalities due to its numerous benefits all contribute to the CT scanner industry's rapid expansion.
On the contrary hand, expensive construction and maintenance costs, a shortage of well and qualified healthcare workers, and an unclear reimbursement environment in emerging nations are projected to hamper the CT scanner industry's expansion. The rising popularity of reconditioned CT scanners is expected to strain the CT scanner industry between 2021 and 2029.
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North America has historically had the highest market share and is likely to continue to do so during the projection period. On the contrary hand, Asia Pacific is expected to grow at a CAGR of 7.8% during the projected period, owing to the rising prevalence of target illnesses and increased patient understanding of the advantages of CT scanning in initial disease detection.
Some of the key companies operating in the market include Canon Medical Systems, Accuray, Carestream Health, Inc., GE Healthcare, CurveBeam, General Electric Company, iCRco, Inc., Koning Corporation, United Imaging Technologies, Hitachi Medical Corporation, Koninklijke Philips, NeuroLogica Corp., Medtronic Inc., Neusoft, Planmed Oy, Shenzhen Anke High-Tech, Samsung, Siemens AG, and Xoran Technologies, LLC.
To get the most significant market position, most firms are focused on introducing technologically improved items into the industry. Philips unveiled the "Incisive CT Platform" in February 2019, which would help in scanning, processing, and management solutions. Moreover, for instance, Hitachi Medical Systems announced the opening of a diagnostic imaging technology center in the United States in February 2020. This approach will help the firm create new diagnostic imaging equipment.
Polaris Market Research has segmented the CT scanner market report on the basis of type, technology, architecture, application, and region:
CT Scanner, Type Outlook (Revenue - USD Million, 2017 - 2029)
CT Scanner, Technology Outlook (Revenue - USD Million, 2017 - 2029)
CT Scanner, Architecture Outlook (Revenue - USD Million, 2017 - 2029)
CT Scanner, Application Outlook (Revenue - USD Million, 2017 - 2029)
CT Scanner Regional Outlook (Revenue - USD Million, 2017 - 2029)