Computed Tomography Market 2016-2024 | Overview By Leading Players - include Hitachi Ltd., Siemens AG, Toshiba Corporation, Samsung, General Electric Company and Koninklijke Philips N.V.

Computed tomography market Overview
Computed tomography is a diagnostic imaging test commonly used to obtain detailed images of cross sections of various internal organs, soft tissues, and blood vessels. In the last decade, imaging modality has proven to be a non-invasive procedure in a wide range of clinical applications. It has a profound impact on the diagnosis and management of a wide range of critical health problems, including those related to the abdomen, pelvis, neurovascular, pulmonary, spinal, cardiovascular and musculoskeletal diseases. The application of this modality has also paved the way for new paradigms in tumour characterization, cancer detection and management throughout the world.

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The intensification of the prevention of health care among populations around the world has fostered the demand for various medical diagnostic procedures, which reinforces the demand for CT tests. The high demand for image-guided interventions provides a solid foundation for the rapid evolution of the market. Rapid advances in medical care, particularly in emerging economies, and the constant advances in imaging modalities have opened the door to promising avenues in the market.

The global computed tomography market was valued at USD 5.1 billion in 2016. The market is expected to have a CAGR of 5% in 2016-2024.

Drivers and Restraints:
The different types of computerized tomography systems include the upper end, the middle and the lower end. At the end of 2017, the high-end segment had more than half of the global market share. This is mainly due to the strong demand for 64-slice computed tomography systems to obtain high-quality images of the heart at low doses. With adequate radiation for patients of all ages, Multislice computed tomography (MSCT) has become an advanced diagnostic modality for cardiac imaging. The main benefit of MSCT is obtaining non-invasive images of the coronary arteries and cardiac tissue. The technique has wide applications in other radiology segments. The increasing prevalence of cardiovascular diseases is fueling the demand for TSCM.

Geographic Segmentation:
The computed tomography market is geographically segmented into Asia-Pacific, Europe, North America and the rest of the world (Row). Of these, North America currently accounts for most of the world market. The profitability of the regional market can be attributed to the rapid pace of technological advances in medical care. In addition, the growing demand for computed tomography in elderly patients is also increasing the regional market. This regional market is followed by Europe.

At the same time, Asia-Pacific is rapidly emerging as a promising market for computed tomography. The regional market is expected to experience the most attractive annual growth rate during the forecast period. The growing demand for computerized tomography in health facilities in the main economies of the region is the determining factor of the regional market. The sustained and important efforts of private actors and public organizations to meet the impressive demand for computed tomography are creating lucrative pathways in the region.

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Key Players:
Key players in the computed tomography market include Hitachi Ltd., Siemens AG, Toshiba Corporation, Samsung, General Electric Company, and Koninklijke Philips N.V.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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