How is the Computed Tomography (CT) Scanners Devices And Equipment Market Poised for Growth: Trends and Opportunities Through 2034
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What is the Predicted Annual Growth Rate of the Computed Tomography (CT) Scanners Devices And Equipment Market Over the Coming Decade?
The market for computed tomography (CT) scanner devices and equipment has seen a robust growth in recent years. The market size is projected to expand from $8.8 billion in 2024 to $9.38 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.6%. The historical growth of this market can be credited to factors like advancements in diagnostic imaging, an increase in the aging population, heightened focus on emergency and trauma care, and advancements in oncology and cancer diagnosis.
The market for Computed Tomography (CT) scanner devices and equipment is projected to experience consistent growth in the coming years, with its value anticipated to reach $10.51 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 2.9%. This expected growth during the forecast period is due to factors such as an expanding emerging markets, regulatory backing, a decrease in radiation, and the adoption of value-based healthcare. Foremost trends predicted for this period comprise cardiac CT imaging, dual-energy CT, portable and point-of-care CT, along with 4D imaging.
Which Major Market Drivers Are Expected to Boost the Computed Tomography (CT) Scanners Devices And Equipment Market’s Growth Potential?
The forecasted growth of the computed tomography (CT) scanner devices and equipment market is fueled by the increasing instances of cancer and cardiovascular diseases. These diseases, which share risk factors like smoking, metabolic syndrome, radiation, age, and air pollution, are multifactorial. CT scans are instrumental in diagnosing tumors and other irregularities in the body that are associated with cancer and cardiovascular diseases. These scans also aid in planning and executing therapeutic or interventional procedures like cryotherapy, radiofrequency ablation, and radioactive seeds implantation. For example, the Cancer Facts and Figures 2022 report by the American Cancer Society, a professional organization in the US, predicts about 1.9 million new cancer cases in the country in 2022, a rise from the 1.8 million cases recorded in 2020. The projected number of cancer deaths for 2022 is minutely higher than that of 2021, with 609,360 deaths expected in 2022 against 608,570 in 2021. Therefore, the escalating occurrence of cancer and cardiovascular diseases is stimulating growth in the CT scanner devices and equipment market.
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What Are the Major Players Making an Impact in the Computed Tomography (CT) Scanners Devices And Equipment Market’s Growth?
Major companies operating in the computed tomography (CT) scanners devices and equipment market include GE Healthcare, Koninklijke Philips N.V., Hitachi Ltd., Siemens Healthineers, Canon Medical Systems Corporation, Neusoft Medical Systems, NeuroLogica Corp., Samsung Electronics, Shimadzu Corporation, Amber Diagnostics, Shenzhen Anke High-Tech, Fujifilm Holdings Corporation, Koning Corporation, Danaher Corporation, Medtronic plc, ScanCO Medical AG, United Imaging, Carestream Health, Planmed Oy, Sectra, Atlantis Worldwide LLC, NCD Company, Dunlee, Shared Imaging, United Imaging, Canon Medical Systems Corporation, Accuray, Allengers Medical Systems, Animage, Carestream Health, DDD-Diagnostic, Fujifilm Medical Systems, Hologic, Konica Minolta Healthcare, MEDI-FUTURE, Medrad, Medtronic plc, MT.DERM Group, Neusoft Medical Systems, Palladium, Perlong Medical, Philips Healthcare, QR s.r.l., Samsung Healthcare, Shimadzu Corporation, Toshiba Medical Systems Corporation, Xoran Technologies
Which Upcoming Trends Are Set to Influence the Computed Tomography (CT) Scanners Devices And Equipment Market’s Path Forward?
Leading corporations in the computed tomography (CT) scanner devices and equipment sector are introducing novel products that leverage progressive technology, including AI-integrated CT scanners, to optimize patient care. Essentially, an AI-integrated CT scanner is a medical imaging mechanism that employs AI technology to amplify the clarity, efficiency, and precision of CT imaging. For example, in March 2024, Philips Healthcare, stationed in the Netherlands and specializing in health technology, unveiled the AI-integrated CT 5300, a sophisticated CT scanner fine-tuned for cardiac imaging. This groundbreaking platform utilizes artificial intelligence to amplify diagnostic precision and refine workflows, exclusively featuring the first-ever nanopanel precise detector engineered for AI-based reconstruction. It notably enhances the quality of imaging while decreasing radiation exposure by as much as 80%, accomplishing lower levels of noise and superior low-contrast detectability. The CT 5300, now in operation in several health institutions in Europe, strives to advance patient care and confront the difficulties in maintaining healthcare, signifying Philips’ dedication to progressing cardiac care through state-of-the-art technology.
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Which Growth-Oriented Segments of the Computed Tomography (CT) Scanners Devices And Equipment Market Are Leading the Industry’s Development?
The computed tomography (CT) scanners devices and equipment market covered in this report is segmented –
1) By Product Type: Low Slice, Medium Slice, High Slice
2) By Application: Oncology, Neurology, Cardiovascular, Musculoskeletal, Other Applications
3) By End User: Clinics, Diagnostic Services, Hospitals
Subsegments:
1) By Low Slice: 4-Slice CT Scanners, 8-Slice CT Scanners, Other Low Slice CT Scanners
2) By Medium Slice: 16-Slice CT Scanners, 32-Slice CT Scanners, Other Medium Slice CT Scanners
3) By High Slice: 64-Slice CT Scanners, 128-Slice CT Scanners, 256-Slice CT Scanners, 320-Slice CT Scanners, Other High Slice CT Scanners
What Regions Are Steering Growth in the Computed Tomography (CT) Scanners Devices And Equipment Sector?
North America was the largest region in the computed tomography scanners devices and equipment market in 2023. Western Europe was the second-largest region in the global computed tomography (CT) scanners devices and equipment market share. The regions covered in the computed tomography (CT) scanners devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Are the Core Features That Define the Computed Tomography (CT) Scanners Devices And Equipment Market?
Computed tomography (CT) scanner devices and equipment are used in the diagnosis of various diseases including cancer, bone-related diseases, cardiovascular diseases, gynecological diseases, urological diseases, and other diseases. CT scanners use computer-controlled X-rays to create images of the body.
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