Press release
Advanced Computed Tomography Scanners Market to Touch CAGR of 7.9% Valuation by End of 2017-2027 Period
Persistence Market Research (PMR)
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Global Market for Advanced CT Scanners: Segmental Snapshot
The global market for advanced CT scanners is segmented on the basis of product type, end user and region.
By product type, the adoption of cone beam CT scanners is expected to soar at a high rate in the coming years, making it a fast growing segment. Low dose CT scanners segment is the largest with maximum value share
By region, North America is the most lucrative and is expected to dominate the global market with a high market share. By the end of the year of assessment, the advanced CT scanners market in North America is projected to expand at a stellar CAGR and is estimated to reach a billion dollar milestone
By end user, hospitals and diagnostic centers expected to largely contribute to the growth of the global market for advanced CT scanners
Increasing Strategic Collaborations Between Players to Present Lucrative Growth Opportunities in the Global Market
Strategic collaborations among key players in the advanced CT scanners market is expected to present potential growth opportunities for advanced CT scanners. Strategic alliances and collaborations can spur the development rate of the market as key players can focus on development of innovative technologies and advanced imaging systems. Collaborations are usually carried out by players that have strong product portfolio and patented technologies. This can support the international players in gaining market hold with support of local players in that respective region. For instance, Toshiba Medical Systems signed contracts with Russian imaging equipment manufacturer ZAO Roentgenprom to carry out licensing and sub-contracting production of CT scanners in the country. This initiative was a move towards enhancement of the healthcare system and infrastructure in Russia with main goal being the improvement in the country’s overall healthcare space.
Moreover, increasing number of diagnostic centers is anticipated to spur the demand for advanced CT scanners. Since recent past, a number of diagnostics and imaging centers across various emerging and developed regions has increased substantially. Independent diagnostic centers offer better service and superior quality diagnosis at a pocket friendly cost. Several insurance companies have adopted efficient marketing strategies to shift the patient volume to the cost efficient independent diagnostic centers thus reducing the out of pocket costs of the patients.
Global Market for Advanced CT Scanners: Factors Influencing Growth
There are several aspects that have contributed to the growth of the global advanced computed tomography scanners market. Aspects such as increasing ageing population, growing need for medical imaging across various regions in the globe, increasing prevalence and growth in adoption of minimally invasive diagnostic procedures, high funding for research and development to carry out product innovations in medical devices and imaging systems, ease in FDA clearance, increasing prevalence of chronic diseases such as cancer, cardiovascular diseases, and dental and orthopedic disorders, growing number of hospitals and diagnostic centers and growing need for faster and more definitive result are driving the growth of the global market. However, factors such as exposure to radiation, inadequate reimbursement policies, adoption of refurbished medical devices, lack of skilled personnel and lack of healthcare infrastructure in emerging markets are the main challenges restricting the growth of the global market for advanced CT scanners.
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Global Market for Advanced CT Scanners: Competitive Landscape
Acquisitions, mergers, strategic collaborations and alliances are the key expansion strategies adopted by manufacturers and integrators for technology transfer and to increase consumer base in different geographies. Moreover, companies are focusing on new product launches and reducing the costs of advanced computed tomography devices in order to gain maximum market share.
Some of the leading companies operating in the advanced computed tomography scanners market are Koninklijke Philips N.V., General Electric Company, Siemens AG, Carestream Health, Inc., Canon Inc., Xoran Technologies, LLC., Medtronic, Plc., iCRco, Inc., and NeuroLogica Corp.
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