CT Scanners Market Size Estimated to Observe Significant Growth by 2022

As per the projections of the TMR report, the demand in the CT scanners market, across the globe, will be reaching a valuation of US$6,429.8 mn by 2022, substantially up from its evaluated worth of US$4,834.1 mn in 2017. Product innovation is another key aspect for these companies to make a mark in the market. For instance, Siemens Healthcare recently joined hands with the National Institutes of Health (NIH) Clinical Center for the development of advanced CT scanners, which will be known as photon-counting detector CT scanners, and promises to improve the quality of imaging as well as reduce exposure to radiation. In 2015, Royal Philips received 510(k) clearance from the U.S. FDA, reinforcing its commitment to improve diagnostic confidence via innovation.

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The global CT scanner market is driven by a number of factors, such as recent technological advancements that have considerably improved the efficiency of these scanners, growing patient emphasis on effective and early disease detection, rising prevalence of target diseases, increasing patient preference for minimally invasive diagnostic procedures, procedural benefits offered by computed tomography, and improving healthcare infrastructure across various emerging economies. In the recent times, multi-slice feature has evolved CT from a simple diagnostic tool to an interventional modality. While most of them are used as general systems, quite a few of them are now being modified for customized purposes such as cardiovascular studies and bone densitometry. Escalating demand for bedside imaging, growing popularity of home healthcare among the geriatric population of developed nations, and growing usage of CT scanners to examine the accuracy of post interventional medical procedures or medical implants are some of the other factors favoring the global CT scanners market.

Geographically, the report takes stock of the potential of CT scanners market in the regions of North America, Latin America, Europe, Asia Pacific except Japan (APEJ), and the Middle East and Africa (MEA), as well as in the country of Japan. In 2017, North America CT scanners market was most profitable among all regions, generating a revenue of US$1,844.7 mn, and expanding at an above-average CAGR of 6.2% during the forecast period of 2017 to 2022, it is estimated to be worth US$2,486.4 mn by 2022. Escalating geriatric population, increasing emphasis on minimally invasive procedures, robust reimbursement policies, and rising private and public investments are some of the key factors augmenting the demand in the North America CT scanners market. Europe is currently the second most profitable region, promising a demand for CT scanners worth of US$1,860.2 mn by 2022. This is a reflection of early adoption of new technology and moderate healthcare facilities in the region. That being said, APEJ region is projected to the best growth rate, which equal to North America. This region includes two of the most promising country-wide markets of India and China, who are among the fastest growing economies in the World.

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GE Healthcare, Koninklijke Philips N.V., Medtronic PLC, Siemens AG, Accuray Incorporated, Carestream Health, Inc., Hitachi Ltd, Koning Corporation, Neusoft Corporation, Planmed Oy, Samsung Electronics Co., Ltd., Shenzhen Anke High-Tech Co., Ltd., Toshiba Corporation, and Shimadzu Corporation are some of the key companies currently operating in the global CT scanners market. Most of these companies are concentrating on developing portable products and increasing their geographical presence to strengthen their position in the market.

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