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Computed Tomography Market, Company Analysis and Forecast to 2025

05-04-2018 08:50 AM CET | Health & Medicine

Press release from: CMI - Research Reports

Computed Tomography Market, Company Analysis and Forecast

Computed Tomography (CT) or computed axial tomography is an imaging technique that uses different combinations of X-ray images formed via different angles leading to cross sectional images of specific internal organs and tissues. Computed tomography is used mainly to detect coronary artery diseases, guided biopsy and screening of blood clots, blood vessel aneurysm, calcification, internal bleeding, infarction, brain and head injuries, fractures, and uncontrolled and abnormal cell growth in patients suffering from cancer. As compared to conventional 2D radiography, CT is offers better imaging. Conventional radiographers use X-rays in the form of electromagnetic radiation produced through X-ray tube. The images produced are blurred compared to CT scanners. CT scan eliminates the superimposition of images surrounding the area under inspection.

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Moreover, computed tomography also produces high resolution images, which differentiate organs or tissues based on their physical intensities. The advanced versions of CT with high resolution images has led to development of CT angiography, and CT colonography. CT angiography does not use insertion of catheter and CT colonography is more accurate technique for detection of tumors with lower radiation dose. CT colonography is widely used in the U.K and the U.S for the screening of colon polyps and colon cancer. According to the Cancer.org in 2017, there will be 39,910 new cases of rectal cancer and 95,520 new cases of colon cancer in the U.S alone.

Market Dynamics

Key players in the market are focusing on launching new products and upgrading its products, which in turn is expected to aid in growth of the market. For instance, in April, 2017, Toshiba Medical, upgraded its Aquilion Lightning 80 CT system (Aquilion). Aquilion is designed to produce high resolution images to help surgeons in faster disease diagnoses and treatment. Moreover, in May 2017, UC Davis Comprehensive Cancer Center (UC Davis) signed a licensing agreement with Isotropic Imaging Corporation — a wholly owned subsidiary of Canada-based Isotropic Corporation — to market CT scanner developed by UC Davis.

The CT scan market is primarily driven by increasing prevalence of cardiovascular diseases, cancer and orthopedic disorders, and increasing geriatric population. According to the National Institute of Health (NIH), in 2016, 8.5% people are aged 65 and over, which is expected to reach 17% of the total global population by 2050. Stringent regulatory framework and product recalls are major factors hindering growth of the computed tomography market. For Instance, in June 2017, GE Healthcare recalled its GE Healthcare Optima CT660, CT680 X-ray system. The reason of recall was defect in its software system.

Key features of the study:

This report provides an in-depth analysis of global Computed Tomography Market provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2016 as the base year.

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.

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It profiles leading players in the global computed tomography market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.

Key companies covered as a part of this study include GE Healthcare, Hitachi Medical Corporation, NeuroLogica Corporation, Siemens Healthineers, Philips Healthcare, Toshiba Medical Systems, Shenzen Anke High-Tech Co. Ltd., Neusoft Medical Systems, and Analogic Corporation.

Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics.

The global computed tomography market report caters to various stakeholders in this industry including investors, suppliers, device manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the computed tomography market.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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