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Dual and Multi-Energy Computed Tomography (CT) Market Propel Growth for 2022 to 2029 Stryker Corporation, Hitachi Healthcare Systems, Planmeca Group, CareStream Health, Neusoft Medical Systems Co. Ltd, and Others
Dual and Multi-Energy Computed Tomography (CT) Market
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Market Momentum and Outlook
The dual and multi-energy CT market, which held approximately 14.1% of the global orthopedic imaging equipment market in 2021, is experiencing dynamic shifts. While the H1 2022 outlook showed a slight negative basis point share (BPS) change compared to projections, primarily due to limitations in spectral contrast and radiation dose modulation, the overall market growth rate for H1 2022 still rose by 07 BPS compared to H1 2021. This indicates a resilient market, driven by continuous innovation. The introduction of advanced technologies like Photon Counting CT (PCT) and ongoing improvements in image resolution and beam-hardening reduction are setting a positive trajectory for future growth.
Key Growth Catalysts
The market's expansion is fundamentally driven by a rising aging population and the escalating need for precise medical imaging. Data from the National Institutes of Health indicates that patients aged 65 and older undergo diagnostic imaging at a significantly higher rate. This demographic shift, coupled with the increasing prevalence of chronic diseases such as cardiovascular conditions and various cancers, fuels the demand for advanced CT techniques. Dual and multi-energy CT plays a crucial role in early disease detection, including lung cancer screening in high-risk individuals and the mass diagnosis of infectious diseases. The ability of these imaging procedures to offer non-invasive diagnostic methods and guide minimally-invasive surgical procedures further boosts their adoption.
Navigating Market Restraints
Despite the promising growth, the dual and multi-energy CT market faces challenges, primarily the high cost associated with modern CT equipment. These substantial investment requirements can limit accessibility for smaller healthcare facilities and independent clinics. Additionally, health concerns related to radiation exposure during CT imaging procedures remain a factor that manufacturers are actively addressing through technological advancements aimed at dose reduction.
North America Leads Regional Growth
North America is anticipated to remain the most lucrative regional market for dual and multi-energy computed tomography equipment suppliers. This dominance is attributed to the increasing prevalence of chronic diseases and robust government support for the medical diagnostic equipment sector. Government organizations in the region actively promote the establishment and modernization of diagnostic centers to cater to the expanding patient pool requiring advanced imaging services.
Country-Specific Insights
Within North America, the USA market is projected to lead due to significant investments in advanced CT scanner development and the strong presence of key market players. The rising adoption of minimally-invasive diagnostic procedures and increased funding for research and development further propel growth. In China, the market is flourishing with the emergence of advanced medical monitoring devices, driven by the increasing prevalence of chronic and cardiovascular diseases. Government funding also plays a vital role in boosting China's medical industry, making it a key target for dual and multi-energy CT product manufacturers.
Dual-Source CT Dominance
Dual-source CT remains the most preferred product within the dual and multi-energy computed tomography market, accounting for a substantial 37.8% share. This preference stems from its efficiency and accurate nature, utilizing two X-ray references for enhanced imaging. This technology eliminates the need for a second photon-counting detector and allows for scanning with existing hardware, while also reducing patient exposure to ionizing radiation by enabling a low kVp range without compromising image quality.
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Hospitals as Primary End-Users
Hospitals continue to be the primary end-users of dual and multi-energy CT throughout the projection period. The increasing caseloads of diseases and injuries requiring effective diagnostic imaging services translate directly into a growing number of tomography procedures performed in hospitals across continents. These advanced CT systems are utilized across various specialties, including orthopedics, cardiology, and oncology. Market players are strategically investing in hospitals and diagnostic centers, recognizing their pivotal role in ensuring profitable margins and advancing patient care.
Competitive Landscape and Innovation
The competitive landscape is characterized by suppliers' rigorous research into conventional and advanced imaging methods. While existing clinical techniques focus on material separation, ongoing research includes abdominal imaging for detecting liver steatosis and fibrosis. Governments in developed countries are actively funding research and development to create cost-effective and efficient medical devices, such as the USD 2.88 million grant awarded to a UC Davis medical physicist for breast cancer detection research. This collective effort aims to enhance care, improve survival rates, and reduce overtreatment, driving continuous innovation in the dual and multi-energy CT industry.
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