Major factors driving the growth of this market include growing need for effective and early diagnosis, rising global prevalence of targeted diseases coupled with an aging population, increasing preference for minimally invasive diagnostic procedures, increasing benefits of CT scans over other imaging modalities, and technological advancements. However, significant installation and maintenance costs, uncertain reimbursement scenario across developing nations, dearth of well-trained and skilled healthcare professionals may hinder the growth of the CT scanner market during the forecast period.
The Global CT Scanner Market is projected to reach USD 6.20 Billion by 2022, at a CAGR of 5.4% during the forecast period.
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Major Market Developments:
- In 2017, GE Healthcare introduced a dedicated cardiovascular CT system, namely, CardioGraphe which creates 3D images of coronaries, valves, chambers and myocardium in one heartbeat.
- In 2017, Toshiba, signed a three-year pricing agreement with Varex Imaging Corporation in order to supply CT tubes for integration into Toshiba’s CT systems
- In 2017, Siemens signed an agreement with HeartFlow for the integration of Siemens’s CT scanner systems with HeartFlow’s FFRct Analysis.
- In 2017, Hiatchi, signed an agreement with Redlen Technologies for the development of a multi-energy photon-counting Computed tomography (PCCT) semiconductor detector module
On the basis of technology, the CT scanners market is segmented into high-slice CT, mid-slice CT, low-slice CT, and cone beam CT technology. The cone beam CT technology segment is expected to grow faster than the other segments during the forecast period, majorly due to factors like procedural advantages; rising market demand for cosmetic dentistry; and ongoing product development & commercialization across major healthcare markets.
Based on type, the CT scanners market is divided into stationary and portable CT scanners. Portable CT scanners segment is poised to grow faster than the other segment due to increasing number of device installations across major markets, growing application horizons, and the lower switching costs provided by portable CT scanners.
Geographically, the CT scanner market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest share of the market in 2017, which is primarily driven by growth in the aging U.S. population; an increasing public emphasis on minimally invasive & effective disease management strategies; robust reimbursement scenario; increasing adoption of novel applications; and rising public-private investments.
Top Key players:-
The major players in the CT scanner market are Koninklijke Philips N.V. (Netherlands), GE Healthcare (U.S.), Toshiba Corporation (Japan), Siemens AG (Germany), Hitachi Ltd. (Japan), Shimadzu Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Neusoft Medical Systems Co., Ltd. (China), Medtronic plc (Ireland), Shenzhen Anke High-tech Co., Ltd. (Hong Kong), Accuray Incorporated (U.S.), PlanMED (Finland), Koning Corporation (U.S.), Carestream Health Inc. (U.S.), and PointNix Co. Ltd (South Korea).