call Toll Free (US/Canada): +1 866 658 6826 | call+1 425 320 4776 | call (UK): +44 1865 60 0662 | call (Ind): +91 9096278110 | email info(@)blueweaveconsulting.com
Home | About Us | Career | Services | Blog | Contact Us
Blueweave
Global Computed Tomography Market
Inquire Before Buying Request for Sample

Global Computed Tomography Market

Home Medical Devices Global Computed Tomography Market

Global Computed Tomography Market, By Type (Low Slice, Medium Slice, High Slice), By Application (Oncology, Neurology, Cardiovascular, Musculoskeletal, Other Applications), By End-User (Hospitals, Diagnostic Centers, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: August 2021
  • Report ID: BWC2130
  • Available Format: PDF
  • Page: 200

Report Overview

The global computed tomography market is flourishing due to the broad spectrum of uses of computed tomography (CT) scanners, such as the detection of bone and joint problems, cancer diagnosis, cardiovascular diseases, or live masses, as well as the technological advancements introduced in the system.

Global Computed Tomography Market- Industry Trends & Forecast Report 2027

The global computed tomography market was worth USD 6.2 billion in 2020 and is further projected to reach USD 9.5 billion by the year 2027, growing at a CAGR of 6.4% in the forecast period.A wide range of applications of computed tomography (CT) scans, such as detecting bone and joint disorders, cancers, cardiovascular conditions, etc., are driving its use in healthcare facilities. Furthermore, technological advancements in the CT scan are also expected to drive the global computed tomography market in the forecast period.

Computed Tomography Market

Source: BlueWeave Consulting

Global Computed Tomography Market- Overview

In radiology, a CT scan or Computed Tomography is a diagnostic technique used to obtain images of the body in detail through non-invasive means. This painless method is mainly used to diagnose injuries as well as illnesses. In radiology, the CT scan is widely used to evaluate the size, shape, and location of tumors during a cancer diagnosis. Moreover, Traumatic Brain Injury (TBI) is most often diagnosed with computed tomography (CT). Also, a needle may be used for removing a small piece of tissue through a CT-guided biopsy.A CT image can help radiologists observe the size, shape, and texture of internal structures. Medical problems can be determined by reviewing this detailed information.

Global Computed Tomography Market Forecast and Trends

Growth Drivers

The Increasing Prevalence of Chronic Diseases and Other Medical Conditions

The increasing prevalence of various chronic diseases and other medical conditions as a result of poor lifestyles or other factors fuels the demand for diagnostic tests and treatment. Computed tomography is widely used for cancer diagnosis. It has been estimated that there are about 19.3 million cancer cases and around 523 million cases of cardiovascular diseases prevalent worldwide. In addition to detecting cancer, CT scans can reveal particular characteristics of each tumor. Because of this, the demand for the computed tomography systems is flourishing at a high rate across the globe, thereby driving the growth of the global computed tomography market.

Innovations and Advancements in The Computed Tomography Technology

The computed tomography manufacturers invest heavily into bringing innovation into their modalities to gain a competitive edge in the computed tomography market. Therefore, they try to bring several technologies into CT scan modalities, such as iterative reconstruction, more sensitive detectors which emit less electronic noise, and new hardware and software features. For instance, Philips recently launched a workhouse computed tomography (CT) system called ‘Spectral CT 7500’, which is capable of delivering high-quality spectral images on every scan 100% of the time. These kinds of innovations are a major factor driving the growth of the global computed tomography market.

Restraints

High Cost of Computed Tomography Modality

The high cost of computed tomography systems is one of the major restricting factors for the market growth. Several healthcare facilities, especially in developing and low-income countries are generally reluctant to adopt advanced medical technologies like computed tomography because of financial constraints. The CT scan machine costs as low as USD 35,000 but as much as USD 2.5 million depending on the slide type. Due to this, healthcare facilities resort to accumulating refurbished machines, which negatively affects the market revenue, thereby impeding the growth of the global computed tomography market.

Impact of COVID-19 on Global Computed Tomography Market

COVID-19 pandemic had mixed consequences for the global computed tomography market. A majority of countries used Computed Tomography for lung screening, bringing them to the forefront of the fight against COVID-19. The market, at the same time, suffered from the wrath of the pandemic due to the sudden drop in the diagnostic tests of various diseases resulting from the pandemic. Several countries considered lockdowns to curb the spread of the virus, which resulted in a decline in hospital visits for diagnostic and therapeutic purposes. Furthermore, the COVID-19 pandemic resulted in the postponement of elective surgeries, which negatively impacted radiology and CT imaging. Additionally, the market was also negatively affected by the import and export ban, which directly affected the distribution system of the manufacturers, resulting in huge demand and supply gaps.

Global Computed Tomography Market - By Type

Based on types, the global computed tomography market is grouped into three segments—a lowslice, medium slice, and high slice. The high slice CT scan type holds the largest market share because of its high efficiency in producing three-dimensional images for patients of any age group. Furthermore, radiation exposure is very low in high slice CT because image processing is very fast. Moreover, the high slice CT scan takes better quality pictures and offers a precise diagnosis of diseases, which is why its adoption is very prominent in disease diagnosis.

Global Computed Tomography Market - By Category

Based on applications, the global computed tomography market is categorized into oncology, neurology, cardiovascular, musculoskeletal, and other applications. Among these, the oncology segment dominates the market because of the increasing prevalence of cancer around the world. It is one of the most commonly used imaging techniques for cancer diagnosis, which is estimated to be accurate around 70% of the time. Also used during the treatment of cancer, it helps doctors determine the shape, size, and location of cancerous tumors.

Global Computed Tomography Market - Regional Insights

Geographically, the global computed tomography market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, North America holds the largest market share in the adoption of computed tomography techniques. The increasing prevalence of various chronic diseases like cancer and cardiovascular diseases and high diagnostic rates are the major factors propelling the growth of the computed tomography market in North America. However, the European market is also gaining significant traction due to the growing cases of lung cancer and proficient use of CT scan for lung cancer diagnosis.

Competitive Landscape

The leading market players in the global computed tomography market are Stryker Corporation, GE Healthcare, AB-CT – Advanced Breast-CT GmbH, Shimadzu Corporation, Hitachi Healthcare Systems, Koning Corporation, Illinois Tool Works, Koninklijke Philips NV, MinFound Medical Systems, NeuroLogica Corporation, Planmed OY, Neusoft Medical Systems Co. Ltd., Fujifilm Holdings Corporation, Shenzhen Anke High-Tech Co., CareStream Health, Siemens Healthineers, Analogic Corporation, United Imaging Healthcare Co. Ltd., Canon Medical Systems Corporation, and other prominent players.

The market is highly dense and consolidated with the presence of several industry giants such as GE Healthcare, Philips, Fujifilm, etc., which cover a major market share. The companies invest heavily in innovating and advancing their products and often engage in product approvals and launch to gain a competitive edge. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, collaboration, etc., is also very prominent.

Recent Developments

  • In July 2021, Canon Medical Systems USA announced its strategic partnership with Cleerly, a healthcare company to integrate Canon’s AI-powered CT technology with Cleerly’s digital pathway solution for the analysis of coronary artery disease.

  • In March 2021, Siemens Healthineers announced to have received Food and Drug Administration clearance for its Biograph Vision Quadra, a positron emission tomography/computed tomography (PET/CT) scanner.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Type, By Application, By End-User, By Region

Key Players

Stryker Corporation, GE Healthcare, AB-CT – Advanced Breast-CT GmbH, Shimadzu Corporation, Hitachi Healthcare Systems, Koning Corporation, Illinois Tool Works, Koninklijke Philips NV, MinFound Medical Systems, NeuroLogica Corporation, Planmed OY, Neusoft Medical Systems Co. Ltd., Fujifilm Holdings Corporation, Shenzhen Anke High-Tech Co., CareStream Health, Siemens Healthineers, Analogic Corporation, United Imaging Healthcare Co. Ltd., Canon Medical Systems Corporation, and other prominent players.

 

By Type

  • Low Slice

  • Medium Slice

  • High Slice

By Application

  • Oncology

  • Neurology

  • Cardiovascular

  • Musculoskeletal

  • Other applications

By End-User

  • Hospitals

  • Diagnostic Centers

  • Others

By Region

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East & Africa

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Increasing Prevalence of Chronic Diseases And Other Medical Conditions
        2. Innovations and Advancements in The Computed Tomography Technology
      2. Market Restraints
        1. High Cost of Computed Tomography Modality
      3. Market Challenges
        1. Negative Influence Due to COVIDs-19
      4. Market Opportunity
        1. Growing Prevalence of Cancer
        2. Growth Potential in Emerging Economies
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Computed Tomography Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Type
        1. Low Slice
        2. Medium Slice
        3. High Slice
      2. By Application
        1. Oncology
        2. Neurology
        3. Cardiovascular
        4. Musculoskeletal
        5. Other applications
      3. By End-User
        1. Hospitals
        2. Diagnostic Centers
        3. Others
      4. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America Computed Tomography Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By End-User
      4. By Country
        1. U.S.
        2. Canada
  7. Europe Computed Tomography Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By End-User
      4. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
  8. APAC Computed Tomography Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By End-User
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Computed Tomography Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By End-User
      4. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10.  MEA Computed Tomography Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
    3. By Type
    4. By Application
    5. By End-User
    6. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of Europe
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
  12. Impact of COVID-19 on Global Computed Tomography Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Stryker Corporation
    2. GE Healthcare
    3. AB-CT – Advanced Breast-CT GmbH
    4. Shimadzu Corporation
    5. Hitachi Healthcare Systems
    6. Koning Corporation
    7. Illinois Tool Works
    8. Koninklijke Philips NV
    9. MinFound Medical Systems
    10. NeuroLogica Corporation
    11. Planmed OY
    12. Neusoft Medical Systems Co. Ltd.
    13. Fujifilm Holdings Corporation
    14. Shenzhen Anke High-Tech Co.
    15. CareStream Health
    16. Siemens Healthineers
    17. Analogic Corporation
    18. United Imaging Healthcare Co. Ltd.
    19. Canon Medical Systems Corporation
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

 

List of Figures

 

Figure 1: Global Computed Tomography Segmentation

 

Figure 2: Global Computed Tomography Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Computed Tomography Market Size, By Value (USD Million), 2020-2027

 

Figure 5: Global Computed Tomography Market Share (%), By Type, By Value, 2020-2027

 

Figure 6: Global Computed Tomography Market Share (%), By Application, By Value, 2020-2027

 

Figure 7: Global Computed Tomography Market Share (%), By End-User, By Value, 2020-2027

 

Figure 8: Global Computed Tomography Market Share (%), By Region, By Value, 2020-2027

 

Figure 9: North America Computed Tomography Market Size, By Value (USD Million), 2020-2027

 

Figure 10: North America Computed Tomography Market Share (%), By Type, By Value, 2020-2027

 

Figure 11: North America Computed Tomography Market Share (%), By Application, By Value, 2020-2027

 

Figure 12: North America Computed Tomography Market Share (%), By End-User, By Value, 2020-2027

 

Figure 13: North America Computed Tomography Market Share (%), By Country, By Value, 2020-2027

 

Figure 14: Europe Computed Tomography Market Size, By Value (USD Million), 2020-2027

 

Figure 15: Europe Computed Tomography Market Share (%), By Type, By Value, 2020-2027

 

Figure 16: Europe Computed Tomography Market Share (%), By Application, By Value, 2020-2027

 

Figure 17: Europe Computed Tomography Market Share (%), By End-User, By Value, 2020-2027

 

Figure 18: Europe Computed Tomography Market Share (%), By Country, By Value, 2020-2027

 

Figure 19: the Asia-Pacific Computed Tomography Market Size, By Value (USD Million), 2020-2027

 

Figure 20: the Asia-Pacific Computed Tomography Market Share (%), By Type, By Value, 2020-2027

 

Figure 21: the Asia-Pacific Computed Tomography Market Share (%), By Application, By Value, 2020-2027

 

Figure 22: the Asia-Pacific Computed Tomography Market Share (%), By End-User, By Value, 2020-2027

 

Figure 23: the Asia-Pacific Computed Tomography Market Share (%), By Country, By Value, 2020-2027

 

Figure 24: Latin America Computed Tomography Market Size, By Value (USD Million), 2020-2027

 

Figure 25: Latin America Computed Tomography Market Share (%), By Type, By Value, 2020-2027

 

Figure 26: Latin America Computed Tomography Market Share (%), By Application, By Value, 2020-2027

 

Figure 27: Latin America Computed Tomography Market Share (%), By End-User, By Value, 2020-2027

 

Figure 28: Latin America Computed Tomography Market Share (%), By Country, By Value, 2020-2027

 

Figure 29: Middle East & Africa Computed Tomography Market Size, By Value (USD Million), 2020-2027

 

Figure 30: Middle East & Africa Computed Tomography Market Share (%), By Type, By Value, 2020-2027

 

Figure 31: Middle East & Africa Computed Tomography Market Share (%), By Application, By Value, 2020-2027

 

Figure 32: Middle East & Africa Computed Tomography Market Share (%), By End-User, By Value, 2020-2027

 

Figure 33: Middle East & Africa Computed Tomography Market Share (%), By Region, By Value, 2020-2027

 

 

 

List of Tables

 

Table 1: Global Computed Tomography Market Size, By Type, By Value, 2020-2027

 

Table 2: Global Computed Tomography Market Size, By Application, By Value (USD Million), 2020-2027

 

Table 3: Global Computed Tomography Market Size, By End-User, By Value (USD Million), 2020-2027

 

Table 4: Global Computed Tomography Market Size, By Region, By Value (USD Million), 2020-2027

 

Table 5: North America Computed Tomography Market Size, By Type, By Value (USD Million), 2020-2027

 

Table 6: North America Computed Tomography Market Size, By Application, By Value (USD Million), 2020-2027

 

Table 7: North America Computed Tomography Market Size, By End-User, By Value (USD Million), 2020-2027

 

Table 8: North America Computed Tomography Market Size, By Country, By Value (USD Million), 2020-2027

 

Table 9: Europe Computed Tomography Market Size, By Type, By Value (USD Million), 2020-2027

 

Table 10: Europe Computed Tomography Market Size, By Application, By Value (USD Million), 2020-2027

 

Table 11: Europe Computed Tomography Market Size, By End-User, By Value (USD Million), 2020-2027

 

Table 12: Europe Computed Tomography Market Size, By Country, By Value (USD Million), 2020-2027

 

Table 13: the Asia-Pacific Computed Tomography Market Size, By Type, By Value (USD Million), 2020-2027

 

Table 14: the Asia-Pacific Computed Tomography Market Size, By Application, By Value (USD Million), 2020-2027

 

Table 15: the Asia-Pacific Computed Tomography Market Size, By End-User, By Value (USD Million), 2020-2027

 

Table 16: the Asia-Pacific Computed Tomography Market Size, By Country, By Value (USD Million), 2020-2027

 

Table 17: Latin America Computed Tomography Market Size, By Type, By Value (USD Million), 2020-2027

 

Table 18: Latin America Computed Tomography Market Size, By Application, By Value (USD Million), 2020-2027

 

Table 19: Latin America Computed Tomography Market Size, By End-User, By Value (USD Million), 2020-2027

 

Table 20: Latin America Computed Tomography Market Size, By Country, By Value (USD Million), 2020-2027

 

Table 21: The Middle-East & Africa Computed Tomography Market Size, By Type, By Value (USD Million), 2020-2027

 

Table 22: The Middle-East & Africa Computed Tomography Market Size, By Application, By Value (USD Million), 2020-2027

 

Table 23: The Middle-East & Africa Computed Tomography Market Size, By End-User, By Value (USD Million), 2020-2027

 

Table 24: The Middle-East & Africa Computed Tomography Market Size, By Country, By Value (USD Million), 2020-2027

 

Table 25: Stryker Corporation Financial Analysis

Table 26: Stryker Corporation Business Overview

Table 27: GE Healthcare Financial Analysis

Table 28: GE HealthcareBusiness Overview

Table 29: AB-CT – Advanced Breast-CT GmbH Corporation Financial Analysis

Table 30: AB-CT – Advanced Breast-CT GmbH Corporation Business Overview

Table 31: Shimadzu CorporationFinancial Analysis

Table 32: Shimadzu CorporationBusiness Overview

Table 33: Hitachi Healthcare SystemsFinancial Analysis

Table 34: Hitachi Healthcare SystemsBusiness Overview

Table 35: Koning Corporation Financial Analysis

Table 36: Koning Corporation Business Overview

Table 37: Illinois Tool Works Financial Analysis

Table 38: Illinois Tool Works Business Overview

Table 39: Koninklijke Philips NV Financial Analysis

Table 40: Koninklijke Philips NV Business Overview

Table 41: MinFound Medical SystemsFinancial Analysis

Table 42: MinFound Medical SystemsBusiness Overview

Table 43: NeuroLogica Corporation Financial Analysis

Table 44: NeuroLogica Corporation Business Overview

Table 45: Planmed OYFinancial Analysis

Table 46: Planmed OY Financial Analysis

Table 47: Neusoft Medical Systems Co. Ltd. Financial Analysis

Table 48: Neusoft Medical Systems Co. Ltd. Business Overview

Table 49: Fujifilm Holdings Corporation Financial Analysis

Table 50: Fujifilm Holdings Corporation Business Overview

Table 51: Shenzhen Anke High-Tech Co. Financial Analysis

Table 52: Shenzhen Anke High-Tech Co. Business Overview

Table 53: CareStream Health Financial Analysis

Table 54: CareStream Health Business Overview

Table 55: Siemens HealthineersFinancial Analysis

Table 56: Siemens Healthineers Business Overview

Table 57: Analogic Corporation Financial Analysis

Table 58: Analogic Corporation Business Overview

Table 59: United Imaging Healthcare Co. Ltd.Financial Analysis

Table 60: United Imaging Healthcare Co. Ltd. Business Overview

Table 61: Canon Medical Systems CorporationFinancial Analysis

Table 62: Canon Medical Systems Corporation Business Overview

 

Market Segmentation

By Type

  • Low Slice
  • Medium Slice
  • High Slice

By Application

  • Oncology
  • Neurology
  • Cardiovascular
  • Musculoskeletal
  • Other applications

By End-User

  • Hospitals
  • Diagnostic Centers
  • Others

By Region

  • North America
  • Europe
  • The Asia-Pacific
  • Latin America
  • The Middle East & Africa
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: The global computed tomography market reached USD 6.2 billion in 2020.
Ans: The major factors driving the growth of the global computed tomography market are; increasing prevalence of chronic diseases and other medical conditions and innovations and advancements in the computed tomography technology.
Ans: The key players in the global computed tomography market are Stryker Corporation, GE Healthcare, AB-CT – Advanced Breast-CT GmbH, Shimadzu Corporation, Hitachi Healthcare Systems, Koning Corporation, Illinois Tool Works, Koninklijke Philips NV, MinFound Medical Systems, NeuroLogica Corporation, Planmed OY, Neusoft Medical Systems Co. Ltd., Fujifilm Holdings Corporation, Shenzhen Anke High-Tech Co., CareStream Health, Siemens Healthineers, Analogic Corporation, United Imaging Healthcare Co. Ltd., Canon Medical Systems Corporation, and other prominent players.
Ans: The hospital segment accounted for the largest share in the global computed tomography market.
Ans: North America has the largest share in the global computed tomography market.