CT Scanners Market: Increasing Preference for Minimally Invasive Diagnostic Procedures to Drive Demand

Published Date : Nov 27, 2017

ALBANY, New York, Nov 27, 2017: The healthcare sector is extensively dependent on innovation and technological advancements. CT scanners have immense potential for growth as market players are constantly on the lookout for implementing latest technology. MarketResearchReports.biz has recently added a new market study to its repository, titled “CT Scanners Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.” The report is comprehensive and makes use of tables, graphs, infographics, charts, maps, and statistics to present the data in an easy-to-understand manner. The demand for CT scanners is anticipated to expand at a CAGR of 5.9% between 2017 and 2022, as per the report. The growing preference for minimally invasive diagnostic procedures remains the key factor for the high adoption rates of CT scanners across the globe.

Improvement in the healthcare sector across developing nations and development of portable CT scanners are two other factors driving the demand for these scanners. In addition to this, the expanding population base of aged people will also help boost the demand for CT scanners across healthcare organizations. According to the report, the global CT scanners market will be worth US$6,429.8 mn by 2022, which is an up from its evaluated worth of US$4,834.1 mn in 2017.

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On the basis of product, the market is segmented into C-arm and O-arm, of which 70.2% of the market is currently accounted for, by the O-arm segment in 2017. The segment is anticipated to continue to hold this dominance throughout the forecast period in the CT scanners market. By 2022, the O-arm segment is anticipated to generate high revenue of US$4,530.6 mn. The market for O-arm is anticipated to expand at a 6% CAGR between 2017 and 2022. On the basis of end user, the market is segmented into hospitals, research and academic institutions, veterinary clinics, ambulatory care centers, and diagnostic centers. By modality, the CT scanners market is segmented into portable and standalone. Of these, the portable scanner segment is witnessing high demand and gaining traction at a fast pace. High slice, low slice, mid slice, and cone beam are the different segments based on technology.

. On the basis of modality, the CT scanners market is categorized into standalone and portable, whereas technology-wise, the market has been classified into high-slice, mid-slice, low-slice, and cone beam. The portable CT scanners segment is gaining popularity at a rapid rate, which is a reflection of increasing number of device installations across developed markets, lower switching costs provided by these portable products, and growing application horizons.

On the basis of geography, the market in North America is generating maximum revenue and also expanding at a healthy pace. The CT scanners market in the region is expected to expand at a 6.2% CAGR during the forecast period. favorable reimbursement policies and high geriatric population are two important factors fueling the growth of this market. The early adoption of latest technology in North America will also help the growth of the market in this region.

Leading players within the global CT scanners market include: Hitachi Ltd, GE Healthcare, Neusoft Corporation, Koninklijke Philips N.V., Toshiba Corporation, Medtronic PLC, Shimadzu Corporation, Siemens AG, Shenzhen Anke High-Tech Co., Ltd.,Koning Corporation, Accuray Incorporated, Samsung Electronics Co., Ltd., Planmed Oy, and Carestream Health, Inc. Most players within the industry are focused on developing products that are portable. Expanding their geographical presence to strengthen their hold in the market is the leading strategy employed by many players.

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