CT Systems Market Growth, Forecast and Value Chain 2016-2024

The global computed tomography (CT) scanners market is anticipated to increase at a stable CAGR during the forecast period 2016-2024, owing to a combination of numerous factors analysed lucidly in this report. Demand for CT systems from hospitals, clinics, and ambulatory surgical centers is expected to remain steady during the forecast period owing to increase in the prevalence of chronic diseases and growing emphasis on maintaining health and well-being in developing countries. While demand for CT systems is expected to remain steady in developed countries, emerging nations of Asia Pacific will continue to create new opportunities for growth. 

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CT Systems Market Forecast

Increase in the prevalence of cancers and growing emphasis on accurate diagnosis will continue to create growth opportunities for businesses. Increasing awareness among consumers on detecting diseases at an early stage is contributing to increasing demand for CT scanners. The industry-wide trend favoring non-invasive and minimally-invasive treatment is also contributing to the global demand for CT systems.

CT systems offer better image quality and high-quality spatial resolution owing to which its adoption is growing in the oncology and treatment of cardiovascular diseases. A key factors that is influencing demand for CT systems is the rising population of people aged 65 and above. Globally, the percentage of baby boomers is on an increase, and this has resulted in a spike in demand for healthcare services. The elderly frequently need medical attention owing to which the demand for various healthcare products and services is on an increase. It is anticipated that during the forecast period 2016-2024, the increasing geriatric population will continue to influence demand for CT scanners in hospitals, clinics and ambulatory surgical centers.

Region-wise Analysis on CT Systems Market

The U.S. remains key to global sales, owing to high product penetration and robust healthcare system that focuses on early diagnosis and prevention. CT system sales in the U.S. are anticipated to remain stable during the forecast period, owing to which North America is expected to remain a lucrative region for CT system market during the forecast period.

Demand for CT systems in Western Europe is anticipated to remain steady during the forecast period 2016-2024, owing to increasing focus by government on prevention rather than cure. Governments in Western Europe are emphasizing on early detection for disease mitigation, owing to which demand for diagnostics systems and devices is expected to witness an increase. This trend is also anticipated to impact the demand for CT scanners during the forecast period.

Asia Pacific is anticipated to offer the next wave of growth for CT scanners market during the forecast period, as many countries in the region are in the process of upgrading their healthcare policies. Limited by shoestring budgets, many countries in the region have faced difficulty in providing access to optimum healthcare services. However, against the backdrop of consistent economic growth, many countries are now in a position to revive their healthcare sector, owing to which demand for diagnostic and healthcare systems has witnessed a growth. It is expected that the Asia Pacific CT systems market will witness robust growth during the forecast period 2016-2024.

Leading Players in Global CT Scanners Market

Key players covered in the global CT systems market include GE Healthcare, NeuroLogica Corporation, Siemens Healthcare, and Toshiba Medical Systems Corporation, and Philips Healthcare, and Hitachi Medical Corporation.

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