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Computed Tomography Market 2018 - Exclusively Available By Leading Key Players: GE Healthcare, Siemens Healthineers, Hitachi Medical Corporation, NeuroLogica Corporation, Philips Healthcare

05-27-2019 11:40 AM CET | Health & Medicine

Press release from: Coherent Market Insights

Computed Tomography

Computed Tomography

North America accounted for the largest share in the global computed tomography market, followed by Europe in 2016. This is attributed to increasing prevalence of cancer in the region and a large number of skilled healthcare professionals. For instance, according to American Cancer Society, in 2015, approximately 1.7 million new cases of cancer were diagnosed in the U.S.

In January 2017, Bruker microCT (Bruker), subsidiary of Bruker Corporation and iTomography Corporation (iTomo) entered into a multiyear license agreement for the software technology developed by iTomo. This provided Bruker with non-exclusive rights to the software developed through iTomo’s image reconstruction algorithm.

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The players in the computed tomography market are collaborating with innovative solutions providers to drive growth. For instance, in November 2017, the Sectra Corporation (Sectra), an international medical imaging information technology company signed a distribution agreement with El Seif Development Company (El Seif). According to the agreement El Seif will distribute Sectra’s enterprise image management solutions, which comprise of picture archiving and communication system (PACS) for image sensitive procedures such as breast imaging, orthopedic and cardiovascular procedures. With this healthcare providers (2,300 primary care centers and 470 hospitals) in Saudi Arabia, will gain access to the Sectra’s in proprietary imaging solutions.

Additionally, according to the World Health Organization (WHO), around 17.7 million people across the globe died due to cardiovascular disorders. Early detection with diagnostic systems such as the CT scans could aid in reducing the incidence of these disorders. Thus, increasing adoption of computed tomography for providing better diagnostic solutions and to detect abnormalities and fractures in the body is a factor expected to drive growth of the market over the forecast period.

Manufacturers in the healthcare industry are focusing on developing new diagnostic products integrated with advanced technology to deliver better results. Key manufacturers are also collaborating to strengthen their product portfolio related to medical imaging. For instance, in last few months of 2017 prominent players such as Philips Healthcare, Siemens Healthineers, and GE Healthcare entered into collaboration with HeartFlow Inc. — a personalized medical technology company.

The company’s HeartFlow FFRct Analysis is the first non-invasive technology that enables surgeons to diagnose coronary artery disease based on physiology and anatomy. The collaboration with HeartFlow Inc. is expected to enable Philips Healthcare to co-develop iFR or cathlab X-ray angiography image derived FFR solution to enhance workflow. The collaboration agreement with Siemens Healthineers and GE Healthcare is expected to aid in developing CT scanners based on HeartFlow Inc.’s FFRct Analysis platform.

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Major players operating in the global computed tomography market include GE Healthcare, Siemens Healthineers, Hitachi Medical Corporation, NeuroLogica Corporation, Philips Healthcare, Toshiba Medical Systems, Neusoft Medical System, and Shenzen Anke High-Tech Co. Ltd.

About Coherent Market Insights:

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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