Future Scope of Computed Tomography Imaging Market Expects to See Significant Growth during 2020-2027: Top Manufacturers - Neusoft Medical Systems Corporation Limited, Siemens Healthineers, Hitachi Healthcare Systems, Neurologica Corporation, etc.

Computed Tomography Imaging Market Overview 2020 Forecast 2027

The Global Computed Tomography Imaging Market is expected to reach USD 9.13 Billion by 2027, according to a new report by Reports and Data. Rise in the geriatric population is one of the significant factors influencing market growth. It has been estimated that by 2050 approximately 16% of the global population will be aged more than 65 years, which is expected to increase fivefold since 1950. Forecasts from the World Health Organization (WHO), United Nations (UN), and the EU commission all indicate aging as a significant challenge for society, which demands concentrated efforts to meet the requirements of the elderly.

Computed Tomography Imaging Market Size – USD 5.50 billion in 2020, Market Growth - CAGR of 5.7%, Market Trends – Increasing awareness about early disease diagnosis

Heart disease, cancer, and stroke have been the primary chronic conditions that have had the highest impact on the geriatric population, particularly in high-income countries. Thus, the increasing prevalence of diseases in the growing geriatric population is likely to propel the growth of the market in the forecast period.

In market segmentation by manufacturers, the report covers the following companies-: Canon Medical Systems, GE Healthcare, Koning Corporation, Fujifilm Holdings Corporation, Neusoft Medical Systems Corporation Limited, Siemens Healthineers, Hitachi Healthcare Systems, Neurologica Corporation, Shenzhen Anke High-Tech Co., and Koninklijke Philips NV, among others.

Increasing awareness to diagnose disease at an early stage is likely to boost the market demand. Detection of diseases such as cancer at an early stage significantly increases the chances for survival. Creating awareness to encourage early diagnosis and screening are the crucial steps responsible for early detection diseases, including cardiovascular and musculoskeletal, among others.

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Identifying likely warning symptoms of diseases and taking rapid measures is necessary for early diagnosis. Greater awareness of probable symptoms of diseases amongst physicians, nurses, and other healthcare providers, in addition to the general public, would positively impact the recovery rate and hence would be instrumental in increasing the market demand.

For the purpose of this report, Reports and Data have segmented the global computed tomography imaging market on the basis of technology, application, end-users, and region:

Technology Outlook (Revenue, USD Million; 2016-2027)
Low-End Slice Technology
Mid-End Slice Technology
High-End Slice Technology

Application Outlook (Revenue, USD Million; 2016-2027)
Oncology
Cardiovascular
Neurology
Musculoskeletal
Others

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End-Users Outlook (Revenue, USD Million; 2016-2027)
Hospitals
Contract Research Organizations
Ambulatory Imaging Centers

Regional Outlook (Revenue, USD Million; 2016-2027)
North America
Europe
Asia Pacific
Latin America
MEA

Further key findings from the report suggest:
By technology, high-end slice technology contributed to the largest market share in 2018. High-end slice technology such as 256 or 320 slice systems provide superior image quality and results in better diagnoses.

By application, oncology dominated the market in 2018 and is likely to grow at a rate of 5.4% in the forecast period. Cancer is the second foremost cause of death worldwide and accounts for an estimated 9.6 million deaths in 2018. Detection of cancer at an early stage significantly increases the chances for survival. Creating awareness to encourage early diagnosis and screening are the crucial steps responsible for early detection of cancer.

By end-user, ambulatory imaging centers are expected to witness the fastest growth rate of 6.5% in the period 2019-2027.

North America contributed to the largest market share in 2018 and is likely to have a CAGR of 5.3% in the period 2019-2027. The market dominance is owing to the higher acceptance of advanced technologies, well-established healthcare facilities, and the presence of leading market players in the region.

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Some major points covered in this Computed Tomography Imaging Market report:
1. An excessively meticulous study that helps in segmenting the useful data from the irrelevant.

2. The study has been segmented and sub-segmented into regions, end-users, applications, product types, players according to the influence they exercise in the Computed Tomography Imaging market, their strategies, and the potential consumer bases that a new entrant can tap into.

3. In the next section, factors responsible for the growth of the market have been included. This data has been collected from the primary and secondary sources and has been approved by the industry specialists. It helps in understanding the key market segments and their future trends.

4. The participants of this industry who possess and employ influence over the Computed Tomography Imaging market are highlighted in the study and their respective strategies to overcome the competition and challenges of the eco-system they perform in.

5. The Computed Tomography Imaging market research report also presents an eight-year forecast on the basis of how the market is predicted to grow.

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In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments’ market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

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