Press release
Computed Tomography (CT) Market Is Expected to Witness a Relatively Higher Growth Rate During the Forecast Period 2016-2022
The market is growing at a significant rate, due to growing geriatric population, increasing prevalence of chronic diseases such as cancer, lung diseases and rheumatoid arthritis, increasing incidence of injuries, increasing awareness about early diagnosis, and increasing healthcare expenditure. In addition, the improving healthcare infrastructure in developing countries, such as China and India, and technological advancement in CT are also driving the growth of the global market. The restraints associated with the growth of the computed tomography market include stringent regulations for the approval of CT devices, and side effects of ionization radiation.
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Based on slice type, the high slice type segment is expected to witness the faster growth during the forecast period, at a CAGR of 5.3% in the market.
Geographically, North America is expected to maintain its dominance in the computed tomography market during 2016-2022.
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The European computed tomography market is growing, mainly due to growing aging population, increasing prevalence of chronic diseases, and increasing healthcare cost. However, the Asia-Pacific market of CT is expected to witness the highest growth globally, during the forecast period. This is due to the growing geriatric population and surge in the occurrence rate of different chronic diseases. Additionally, the large population pool and improving healthcare infrastructure are driving the growth of the market in the region.
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Some of the key companies operating in the global computed tomography market include Hitachi Ltd., Siemens AG, Toshiba Corporation, Samsung, General Electric Company and Koninklijke Philips N.V.
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