The global CT scanner market is expected to grow at a CAGR of 5.4% between 2017 and 2022. The factors driving the growth of this market are the need for effective and early diagnosis, rising global prevalence of targeted diseases, increasing preference for minimally invasive diagnostic procedures, increasing benefits of CT scans, and technological advancements.
Analysis of the market developments between 2014 and 2017 revealed that product launches and partnerships & agreements with other companies, were the most widely adopted growth strategies by players to strengthen their product portfolios and to remain competitive in the market.
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General Electric Company (U.S.) is a leader in the CT scanner market with its wide range of innovative CT products. The company has pioneered quantitative dual-energy CT and offers high-quality, high-resolution, low-dose images with an improved spatial resolution by up to 100%.The company’s portfolio, however, falls short in offering CT scanner systems for image-guided surgery. The company’s key strengths are its widespread geographic presence across 180 countries, a strong product portfolio of CT scanners, and robust R&D capabilities. The company mainly focuses on product development and product enhancement to expand its product offerings and thereby to increase its market share in global CT scanners market. With its strong product portfolio and marketing activities, the company is expected to grow at a high rate in the CT scanner market during the forecast period.
Toshiba Corporation (Japan) is a leading market player with its technologically advanced range of CT scanner products, and is one the key providers of CT scanner systems in the world. The company offers CT scanner systems for research, diagnostics, veterinary, and intra-operative applications. The company’s key strength includes its comprehensive product portfolio, robust R&D capabilities with a number of new product innovations, and a widespread geographic network. The company mainly focuses on organic growth strategies like product launches and enhancements to expand its footprints in the global CT scanners market. With its strong product portfolio and strong geographic presence with 551 subsidiaries across North America, South America, Europe, the Middle East, Asia, Africa, and Oceania, the company is expected to grow at a high rate in the CT scanner market during 2017-2022.