Global CT Scanner Market Analysis, Segments, Value Share and Key Trends 2017 – 2022

The global CT scanner market is projected to reach USD 6.20 Billion by 2022 from USD 4.76 Billion in 2017, at a CAGR of 5.4% during the forecast period. Technological advancements, growing patient emphasis on early disease diagnosis, rising incidence of targeted diseases, increasing priority for minimally invasive diagnostic procedures, and procedural benefits offered by CT scanners are key factors driving the growth of the market.

This CT scanner market is segmented into type, device architecture, technology, application, and end user. On the basis of type, the CT scanner market is categorized into stationary and portable CT scanner, in which stationary CT scanners is expected to account for the largest share of the market. This is attributed to the significant adoption of stationary CT scanners for its growing application horizons.

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Based on device architecture, the CT scanner market is segmented into C-arm and O-arm CT scanners. The O-arm CT segment is estimated to command the larger share of the global CT scanner market due to the ongoing commercialization of mobile CT scanners and the procedural benefits offered by the O-arm devices.

On the basis of technology, the market is segmented into high-slice, mid-slice, low-slice, and cone beam CT technology. In 2017, the high-slice segment is estimated to command the largest share, majorly due to the rising adoption of CT for diagnostic procedures and the expanded application horizons of CT technology.

Based on applications, the global CT scanners market is segmented into human, veterinary, and research applications. The human applications segment is further sub segmented into diagnostic applications (cardiology, oncology, neurology, and other diagnostic applications) and intraoperative applications. The human application segment is estimated to command the largest share of the global CT scanner market in 2017, due to increasing market demand in intraoperative surgical procedures, increasing demand for effective disease management, and the rising incidence of chronic diseases.

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On the basis of the end user, the CT scanners market is segmented into hospitals and diagnostic centers, ambulatory care centers, research laboratories, veterinary clinics, and other end users. Among these veterinary clinics and hospitals segment is poised to grow the fastest during the forecast period mainly due to growing market demand for enhanced virility of poultry & livestock and rising prevalence of major veterinary diseases.

The report covers the CT scanner market across four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to command the largest share of the market in 2017. However, Asia-Pacific is expected to register the highest growth rate during the forecast period, due increasing incidence of target diseases, rising patient awareness on the benefits of CT scanning in early disease diagnosis, ongoing expansion and modernization of healthcare infrastructure in Asian countries.

Along with the drivers of the market, high installation and maintenance costs, uncertain reimbursement scenario across developing nations, are some of the other factors that are limiting the growth of the CT scanner market.

General Electric Healthcare (U.S.) dominates the market through its wide range of CT scanner systems across the globe and has pioneered quantitative dual-energy CT and offers high-quality & resolution and low-dose images. Key strengths are its geographic presence across 180 countries, and robust R&D capabilities. The company focuses on product development and enhancement to expand its product offerings and to increase its market share.

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Siemens AG (Germany) is another leading market player that offers an extensive range of products including dual-source and single-source multi-slice CT scanners. Factors such as strong presence in more than 20 countries across the globe, and strong R&D capabilities are responsible for its noteworthy market share. They focus on growth strategies like product innovations and launches to strengthen its position in the market.

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