Sales of CT scanners are expected to rise owing to its wide array of applications such as detection of small abnormalities, diagnosis of circulatory system diseases and conditions, blood vessel aneurysms, blood clots, kidney stones, etc. The computed tomography market will grow due to the introduction of advanced devices and the high demand for CT scanners resulting from the development of accessories to improve image quality obtained by conventional CT scanners.

NEWARK, DE / ACCESSWIRE / December 3, 2024 / The Computed Tomography (CT) Market, valued at USD 5,210.7 million in 2024, is projected to grow steadily to USD 7,566.1 million by 2034, registering a compound annual growth rate (CAGR) of 3.8% over the forecast period. This growth is attributed to advancements in imaging technology, increasing adoption in healthcare, and a rise in diagnostic procedures globally.

Growing geriatric populations, coupled with the rise in chronic diseases such as cancer and cardiovascular diagnostics, have accelerated the need for efficient diagnostic solutions. Computed Tomography offers a non-invasive diagnostic approach, driving its adoption in both developed and emerging markets.

The integration of AI-powered analytics and real-time imaging capabilities in CT systems has further amplified demand, enabling precision diagnostics and improved patient outcomes. Additionally, increasing investments in healthcare infrastructure globally are providing robust opportunities for market players.

Demand for CT scanners is projected to peak as they are crucial diagnostic tools for traumatic brain injuries, in particular. As a result, the sales of CT scanners are expected to go up in the coming years with an increase in such health conditions.

Furthermore, the steadily rising use of CT scanners for effective lung cancer screening is expected to drive up the demand for CT scanners in developed and developing countries.

CT scanners are the only way to assess the situation during an emergency brain trauma, which emphasizes the importance of CT scanners, thereby augmenting the demand for CT scanners.

Higher sales of CT scanners are also due to the demand for advanced assessment tools in emergency departments in tandem with an increase in the mobile emergency care units, resulting in greater computed tomography market growth.

Given that CT Scanners are increasingly being used in dentistry to detect tooth decay and assess infection in the surrounding areas, the demand for CT scanners likely spikes in the near future.

The computed tomography market will grow due to the introduction of advanced devices and the high demand for CT scanners resulting from the development of accessories to improve image quality obtained by conventional CT scanners.

The introduction of advanced cone beam computed tomography (CBCT) systems is expected to be the major factor in widening CT applications in modern diagnostic imaging, thereby spiking the sales of CT scanners.

Growing demand for CT scanners can also be attributed to the new features like dual sources and artificial intelligence of the CT scanners.

What are the Key Dynamics in the Computed Tomography Market?

The global computed tomography market is driven by the following factors: increasing the prevalence of cardiovascular diseases, orthopedic disorders, and Cancer.

Growing popularity in diagnostic centers and increased demand for high-quality health care delivery also accelerate the demand for computed tomography.

Augmenting sales of computed tomography can be attributed to advances in digital imaging technology and significance for screening and early diagnosis of chronic cardiovascular diseases and cancer.

Higher demand for computed tomography is also due to as increasing demand for early-stage diagnosis of chronic disease and developing healthcare infrastructure in emerging countries.

The increasing global geriatric population, technological advances, and growing public awareness of health care are vital driving factors of high demand for computed tomography.

Regulatory frameworks and lack of adequate reimbursement are major restraints of the computed tomography market. Hence, they are likely to dwindle the sales of computed tomography.

One of the major factors expected to hamper computed tomography market growth during the forecast period is CT scanners' high maintenance and installation costs which also hampers the sales of computed tomography.

It is unaffordable for small-size healthcare facilities due to the high annual maintenance cost resulting in lowing sales of computed tomography.

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Key Takeaways from Market Study:

• The global CT market is expected to reach USD 7,566.1 million by 2034, growing at a CAGR of 3.8% from 2024 to 2034.

• High-slice CT systems dominate the market, owing to their efficiency in imaging large anatomical areas in minimal time.

• North America remains the leading region, accounting for over 38% of the market share in 2024, followed by Europe and Asia-Pacific.

• Technological advancements, including AI integration, low-dose radiation technology, and dual-energy imaging, are key growth drivers.

"Steady growth in the CT market reflects both technological advancements and the growing demand for non-invasive, accurate diagnostic tools. Innovations such as portable scanners and AI-based analytics are reshaping the landscape, making Computed Tomography more accessible and effective than ever before." Says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Which is the Key Computed Tomography Market?

North America dominates the global computed tomography market due to the significant spending power of large segments of the population and technological advancement, followed by Europe.

North America leads the computed tomography market is expected to continue to lead the market, owing to an increase in the prevalence of inflammatory diseases and key players striving to enlarge their computed tomography market share.

The region's high computed tomography market share can also be credited to developing the healthcare sector the presence of new innovative computer tomography systems.

The Asia Pacific and Latin America are expected to experience rapid growth and hold a considerable computed tomography market share.

Sales of CT scanners are likely to rise in the Asia Pacific due to an increase in the prevalence of chronic diseases, the demand for early diagnosis, and the development of healthcare infrastructure

Computed Tomography (CT) Market Day-by-Day Opportunities

Opportunities in the Computed Tomography Market are emerging from various fronts:

• The advent of portable and mini CT scanners is paving the way for point-of-care diagnostics, particularly in underserved regions.

• Rising demand for low-dose radiation imaging and systems with advanced software is providing lucrative growth avenues.

• Expansion of the CT market into veterinary and industrial sectors is broadening its application base.

Growing awareness and funding for early-stage cancer screening are propelling demand across oncology diagnostics.

Computed Tomography (CT) Market Prime Determinants of Growth, Trends

• Technological Advancements: Enhanced image quality, faster scan times, and reduced radiation exposure.

• Growing Healthcare Expenditure: Governments and private sectors increasing investments in diagnostic facilities.

• Demand in Emerging Markets: Rapid urbanization and healthcare improvements in Asia-Pacific and Latin America.

• Rise in Chronic Diseases: Higher rates of cancer, cardiovascular disorders, and orthopedic issues requiring CT diagnostics.

Growth Drivers

• Increasing cases of chronic diseases and a growing elderly population.

• Technological innovations in imaging, including 3D and 4D imaging capabilities.

• Surge in demand for portable CT scanners and point-of-care applications.

• Rising awareness and adoption in emerging economies.

Regional Analysis of Computed Tomography Market

• North America: Leading with advanced healthcare infrastructure and high diagnostic procedure volumes.

• Europe: Driven by technological adoption and government healthcare initiatives.

• Asia-Pacific: Fastest-growing region due to rising healthcare spending and expanding medical facilities.

• Latin America: Increasing investments in healthcare infrastructure and adoption of modern imaging systems.

• Middle East & Africa: Emerging opportunities through healthcare reforms and international investments.

Competitive Landscape

Key players in the computed tomography (CT) market are actively expanding their presence across emerging markets with growing healthcare infrastructure and rising demand for advanced imaging technologies. This expansion often includes forming strategic partnerships, signing distribution agreements, and establishing subsidiaries in crucial regions to capture new opportunities.

Increasingly, companies are collaborating with healthcare providers, research institutions, and technology firms. These partnerships are essential for fostering innovation, conducting clinical validation studies, and integrating complementary technologies, all of which enhance the value proposition of CT systems.

Notable developments include Siemens Healthineers receiving FDA approval in January 2024 for its Syngo Virtual Cockpit. This secure communication platform enables healthcare professionals to visualize, capture, and collaborate in real-time, irrespective of location, by connecting to a range of imaging devices including CT, MRI, PET, and SPECT scanners.

In March 2024, Fujifilm India launched its new Echelon Synergy MRI machine at the CT & MRI User Group event. This event, focused on the future of CT and MRI technologies, highlighted the growing integration of both imaging modalities in advancing healthcare solutions.

Computed Tomography Market by Category

By Technology:

In terms of technology, the market includes high-slice CT, mid-slice CT, low-slice CT, and cone beam CT.

By Application:

In terms of application, the market is segmented into neurology, orthopedics, oncology, cardiovascular, respiratory, gastrointestinal, and others.

By End User:

The end user industries include hospitals, ambulatory surgery centres, diagnostics imaging centres, and others.

By Region:

In terms of region, the industry is divided into North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.

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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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