CT Scanner Market: Global Demand and Forecast 2021 – 2027

CT Scanner Market: Global Demand and Forecast 2021 – 2027

Surging prevalence of chronic diseases coupled with substantial improvements in health infrastructure are likely to augment CT scanner market size over coming years. The global CT scanner market is set to exceed USD 8.6 billion by 2026, states a recent research by Global Market Insights, Inc.

The ongoing COVID-19 pandemic has caused a sudden escalation in the deployment of CCTA (Cardiovascular Computed Tomography Angiography), thereby creating the need for CT scanners in cardiovascular healthcare. The outbreak has caused significant transitions in the delivery of cardiovascular care by creating a huge reduction in face-to-face care and elective diagnostic testing, thus raising the requirement for a necessary re-assessment of the delivery  of cardiac healthcare.

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According to the Vice President of Society of Cardiovascular CT (SCCT), Ed Nicol, M.D., MBA, the role of CT scan machines and cardiology amid the SARS-CoV-2 outbreak is very much to be understood. Nicol has, however, opined that CT (computed tomography) has emerged as one of the prominent imaging modalities in the middle of the pandemic.

Rising applicability of C-arms in numerous procedures comprising neurology, orthopedic, urology, and cardiac procedures is likely to drive C-arm segment growth through the anticipated timeframe. C-arm segment in the CT scanner industry is touted to register an appreciable CAGR of more than 6 per cent through the projected period.

This growth is primarily attributed to the ability of mobile C-arms in moving around the patient, thus obtaining high quality image by maintaining comfort for the patient. Further, escalating adoption of C-arm CT scanners by large hospitals for treatment of numerous chronic disorders is likely to bolster CT scanner industry growth through the forthcoming years.

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Increasing pet adoption coupled with rising disposable income causing a significant upsurge in pet care expenditure is expected propel the demand for veterinary CT scanner devices through the ensuing years.

Deployment of CT scanners in veterinary care will offer better differentiation of like tissues in different animals, thus providing precise information about the requirement of a surgery, in turn boosting segment growth. Veterinary CT scanner market is projected to exhibit a commendable CAGR of over 5.0 per cent through the assessment period.

Key participants in the CT scanner industry comprise Siemens Healthineers, Accurav, CurveBeam, Carestream, Medtronic, Canon Medical Systems, Philips, Hitachi Medical, Koning, and GE Healthcare, amongst others. These players are focusing on the implementation of numerous growth strategies such as mergers, acquisitions, partnerships, collaborations, and development of novel products for acquiring financial stability in the CT scanner market.

Citing an instance, Neusoft Medical, a prominent market player, reportedly unveiled its NeuViz Epoch 512-slice CT scanner based on artificial intelligence (AI) technology at RSNA in December 2019. This launch helped in the expansion of the company’s business portfolio, in turn strengthening its ability to withstand competition in the global CT scanner market.

In essence, multifactorial benefits associated with the deployment of CT scanner in early as well as later stages of clinical trials will propel the augmentation of CT scanner market share through the estimated timeframe. Escalating requirement for advanced imaging devices in emergency departments in hospitals will further drive industry expansion.

Partial Chapter of the Table of Content

Chapter 2   Executive Summary

2.1    CT scanner industry 3600 synopsis, 2015 - 2026

2.1.1    Business trends

2.1.2    Architecture trends

2.1.3    Type trends

2.1.4    Technology trends

2.1.5    Application trends

2.1.6    End-use trends

2.1.7    Regional trends

Chapter 3   CT Scanner Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2015 - 2026

3.3    Industry impact forces

3.3.1    Growth drivers    Increasing prevalence of chronic diseases worldwide    Increasing demand for less invasive and early diagnostic methods in developed nations    Advantages offered by CT scanners over other imaging modalities

3.3.2    Industry pitfalls and challenges    Risk associated with CT scan    High cost and availability of refurbished CT scanners

3.4    Growth potential analysis

3.4.1    By architecture

3.4.2    By type

3.4.3    By technology

3.4.4    By application

3.4.5    By end-use

3.5    COVID-19 impact analysis

3.6    Regulatory landscape

3.6.1    U.S.

3.6.2    Europe

3.7    Reimbursement scenario

3.8    Porter’s analysis

3.9    Competitive landscape, 2019

3.10    PESTEL analysis

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