Computed Tomography (CT) Market
Increase in prevalence of cancer and orthopedic disorders to boost growth of the global computed tomography market
According to American Cancer Society, around 1.7 million new cases of cancer were diagnosed in the U.S. in 2015, resulting in 589,430 fatalities. This high death rate could be lowered with the use of early detection and better diagnostic systems. Thus, computed tomography providing better diagnostic solutions to detect abnormal cell growth and tumors in the body is expected to show a market rise in the forecast period. Additionally, according to the World Health Organization (WHO), on an average 17.7 million people across the globe died due to cardiovascular disorders in 2015. This inadvertently creates a highly conducive environment for growth of the global computed tomography market.
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The global computed tomography market can be segmented on the basis of product type, application, end user and geographical region.
On the basis of product type,
Low Slice CT Scanner (64 slices)
On the basis of application,
Abdomen and Pelvic Application
Based on the end user,
North America to dominate the global computed tomography market, owing to increased
On the basis of regional segmentation, the global computed tomography market can be segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. North America dominates the global computed tomography market owing to high spending power of the companies to come up with innovative features in the field of medical imaging as well as technological advancement. Europe and Asia Pacific are expected to exhibit rapid growth in the global computed tomography market, due to upcoming government policies and presence of various major players in the region. For instance, the U.S. FDA recently in 2017 passed a regulatory guideline which states initiative to reduce unnecessary radiation exposure from medical imaging in order to manage the risks of computed tomography (CT), fluoroscopy and nuclear medicine imaging procedures.
The increase in demand and popularity for high quality health care solutions are driving the global computed tomography market
Along with high prevalence and incidence rates of cancer and cardiovascular diseases, the prevalence rate of musculoskeletal and orthopedic disorders are also responsible to drive the global computed tomography market. A report by Science Daily suggested that 126.6 million Americans i.e. one in two adults in America is affected by some or the other musculoskeletal disorders. This suggests that the global market can be potentially driven by a large number of patients suffering from musculoskeletal disorders for the diagnosis of the malfunction and treatment pain inducing areas. In addition to this, several other factors driving the global computed tomography market includes rise in global geriatric population, growing public awareness and technological advancements in health care. However, the side effects caused due to the radiations could obstruct the market from propelling.
The key players in the global computed tomography market include GR Healthcare, Siemens Healthcare, Toshiba Medical System Corporation, Philips Health Care, Hitachi Medical Corporation, Neurologica Company Ltd., and Neusoft Medicals. Improvement in the non-invasive techniques for medical diagnostic imaging facilities and employment of strategies such as partnership, merger and acquisition are helping these companies to grab a major share in the global computed tomography market.
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