Market Analysis on Computed Tomography (CT) Scanners Devices And Equipment Industry – Insights for Corporate Strategy and R&D
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What Are the Projected Market Size and Growth Rates for the Computed Tomography (CT) Scanners Devices And Equipment Market From 2025 To 2029?
The market size for computed tomography (CT) scanner devices and equipment has seen substantial growth in recent years. The market is anticipated to expand from $8.8 billion in 2024 to $9.38 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%. This growth during the historic period is attributed to advances in diagnostic imaging, an aging global population, increased need for trauma and emergency care, and refined processes in oncology and cancer diagnosis.
What Is the Projected Market Size of the Computed Tomography (CT) Scanners Devices And Equipment Market?
The market size of devices and equipment for computed tomography (CT) scanners is projected to witness consistent expansion in the coming years. It is anticipated to reach $10.51 billion by 2029, with a compound annual growth rate (CAGR) of 2.9%. The expected growth in this period is attributed to factors such as developing market expansion, supportive regulatory framework, reduction in radiation, and value-based healthcare. Noteworthy trends during this forecast period consist of improvements in cardiac CT imaging, the rise of dual-energy CT, the advent of portable and point-of-care CT, along with the advancement of 4D imaging.
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Who are the Major Competitors in the Computed Tomography (CT) Scanners Devices And Equipment Market Outlook?
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
What Is Fueling Growth in the Computed Tomography (CT) Scanners Devices And Equipment Market?
The growth of the computed tomography (CT) scanner devices and equipment market is expected to accelerate due to the increasing prevalence of cancer and cardiovascular diseases (CVD). Both cancer and CVD have similar risk factors such as smoking, metabolic syndrome, radiation, aging, and exposure to air pollution. CT scans are instrumental in detecting tumors and other anomalies linked to cancer and CVD, and are crucial in planning and directing therapeutic procedures like cryotherapy, radiofrequency ablation, and radioactive seed implants. The American Cancer Society’s Cancer Facts and Figures 2022 report indicates that approximately 1.9 million new cancer cases are expected to be diagnosed in the United States in 2022, a slight increase from the 1.8 million cases in 2020. Cancer-related mortality is also estimated to rise slightly in 2022 with projections of 609,360 deaths as compared to 608,570 in 2021. Thus, the escalating prevalence of cancer and cardiovascular diseases fuels the surge in the CT scanner devices and equipment market.
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Which Computed Tomography (CT) Scanners Devices And Equipment Market Segments Are Growing the Fastest?
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
Which Industry Trends Are Shaping the Future of the Computed Tomography (CT) Scanners Devices And Equipment Market?
Leading corporations in the computed tomography (CT) scanner devices and equipment segment are pushing the envelope of innovation by incorporating advanced technologies like AI into their products to enhance patient care. The AI-empowered CT scanner refers to a diagnostic imaging tool that integrates AI technologies to amplify the precision, speed, and quality of CT imaging. For instance, Philips Healthcare, a health technology firm based in the Netherlands, unveiled its advanced CT scanner specifically designed for cardiac imaging, the AI-enabled CT 5300, in March 2024. This cutting-edge system integrates AI to elevate diagnostic precision and simplify work procedures. It includes the medical industry’s debut nanopanel precise detector created explicitly for AI-assisted reconstruction. The scanner significantly elevates image quality and lowers radiation exposure by as much as 80%, leading to lower noise levels and improved low-contrast detection. The CT 5300, which is already functional in several European hospitals, is aimed at improving patient care and tackling healthcare delivery issues, manifesting Philips Healthcare’s dedication to evolving cardiac care through state-of-the-art technology.
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Which Countries Are Leading the Computed Tomography (CT) Scanners Devices And Equipment Market?
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.
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This Report Delivers Insight On:
1. How big is the computed tomography (ct) scanners devices and equipment market, and how is it changing globally?
2. Who are the major companies in the computed tomography (ct) scanners devices and equipment market, and how are they performing?
3. What are the key opportunities and risks in the computed tomography (ct) scanners devices and equipment market right now?
4. Which products or customer segments are growing the most in the computed tomography (ct) scanners devices and equipment market?
5. What factors are helping or slowing down the growth of the computed tomography (ct) scanners devices and equipment market?
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