CT Scanners Market - Forecast(2021 - 2026)
CT Scanners Market Overview:
Annually 8.9 million incidences of bone fracture occur due to osteoporosis around the world. Fractures often occur internally and lead to painful bleeding, which becomes difficult for X-ray detection. Here comes the effective need for computed tomography scan (CT scan) to examine the hemorrhage, ruptured or bulged veins and aortas, and internal wounds caused by fractures, strokes, and many diseases. CT scan, also known as computerized axial tomography scan, focuses series of beams from different angles to provide a detailed image of the affected body parts along with damaged soft tissues and blood vessels. Sometimes the procedure includes ingestion of contrast dye orally, by injection or by enema. Contrast materials is used to highlight various body parts including blood vessels, intestines, and others by obstructing the X-rays projecting white images on the report. Highly preferred in diagnosing osteoporosis, heart disease, tumors, cancers, and various internal organ injuries, CT scanners have acclaimed a major place in the healthcare facilities. The global CT scanners market breached $5.2 billion in the year 2018 owing to the higher rate of medical complications worldwide. Additionally, the opportunities will increment at a compound annual growth rate (CAGR) 6.10% during the period of 2019-2025.
CT Scanners Market Outlook:
The 3D image report of the CT scanners has potential benefits in diagnosis of several health risks laying out a distinct picture of the affected area. Apart from healthcare industries, it is beneficial in commercial industries: industrial computed tomography scanning. The x-ray radiation of the industrial CT scanner assesses 3D interior and exterior details and measurement of any component without affecting it. Industrial CT scanner is bifurcated into parallel x-ray beam scanners and fan x-ray beam scanners, depending on the type of data gathered by them. The diverse application fuels up the global CT scanners market demand and will grow at a CAGR of 5.80% through to 2025. Higher health risks owing to cancer, heart strokes, fractures in North America and Western Europe is boosting the demand for the global CT scanners market. Canada has one of the highest osteoporosis threats in the entire North America with 1.4 million people affected by this problem.[2] This brings into the forefront the effective diagnosis with CT scanners at an early stage for lessening complications and permanent disability. As per the above mentioned report North America held a regional share of 35% in the year 2018.
CT Scanners Market Growth Drivers:
CT scanners market is evolving gradually and is pushed forth by active growth agents such as the oncology market. Population is increasing constantly resulting in cancer spreading rapidly across the world and causing risk to life. CT scanning prominently maps the cancer cells and tumors in our body and helps speed up the medication procedure. Medical imaging is tailoring huge demand owing to the increasing chronic diseases, heart strokes, blood clots and also determines the need for surgery and biopsy. With the advancement in medical science and technology, the demand for high resolution and increased image capturing in CT scanners will boost the global CT scanners demand enhancing the overall market revenue.
CT Scanners Market Challenges:
Long term exposure to CT scanners poses cancer risks owing to the use of radiation technology for detecting any abnormality occurring in body parts. Additionally, the contrast agents consumed during CT scanning might produce allergic reactions such as nausea, skin rash, and headache and in some cases leads to fatal health risks. CT scan is strictly avoided during pregnancy period, moreover, installation of CT scanners is quite a costly procedure. Collaborating works of the key market players and government facilities to produce safer and more advanced medical image scanners will effectively reduce these market challenges.
CT Scanners Market Key Players:
The leading market players include Toshiba Corporation, Accuray Incorporated, GE Healthcare, Medtronic Plc, Hitachi Ltd., Koninklijke Philips N.V., Siemens AG, Carestream Health, Inc., Neusoft Corporation, Samsung Electronics Co., Ltd., and others.
Accuray Incorporated is an international company manufacturing and delivering advanced oncology devices and machines. They deal in precise systems enhancing cancer treatment providing products such as radixact and cyberknife for radiation therapy, Tomotherapy for medical imaging, and other treatment options.
CT Scanners Market Trends:
· Rapid Technological Advances:
The 80s saw a revolution in the medical industry with the use of tomography for the first time. Since the early discovery, CT scanners also known as CAT scanners have developed a lot including the image quality and capturing quantity, time consumption for scanning, reduced radiation exposure, and many more. CT perfusion imaging and angiography are helpful in understanding and detecting blood clots in arteries, brain and heart strokes and many tissue damages. The 3D imaging technique is an essential contribution to the CT scanners which is all set to enhance and upgrade into 4D medical imaging. Moreover, CT scan imaging technique is utilized to produce 3D artifacts for better assessment of the vital organs in medical science.
· Revolutionary Image Technique:
The necessity to curb cancer, cardiac problems, and other life threatening diseases has paved way for yielding technologically advanced diagnosis tools and machines. Siemens Healthineers, one of the leading medical innovation company, is constantly creating benchmark medical products and offering solutions to set market challenges. One of the trendsetting and cutting edges techniques to impact the CT scan market recently is SOMATOM force CT imaging technique. It captures 1,152 images in one single rotation and generates more vivid and precise images of the internal body organs.[3]
CT Scanners Market Research Scopes:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the CT scanners market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of CT scanners in CT scanners market, and their specific applications in different areas.
CT Scanners Market Industry Coverage:
Global CT scanners market can be segmented into system type and end-user industry. On the basis of system type categorization include low-end slice CT scanner, mid-end slice CT scanner, and high-end slice CT scanner systems. Based on end-user industry this market can be divided into hospitals and clinics, imaging centers, and others.
The CT scanners market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
• North America: The U.S., Canada, Mexico
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
• Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
• Middle East and Africa: Israel, South Africa, Saudi Arabia
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