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.
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
- Research Framework
- Research Objective
- Product Overview
- Key Market Segments
- Research Methodology
- Qualitative Research
- Methodology
- Regional Split of Primary & Secondary Research
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Breakdown of Primary Research Respondents, By Industry Participants
- Market Size Estimation
- Assumptions for the Study
- Market Breakdown & Data Triangulation
- Executive Summary
- Industry Insight and Growth Strategy
- Value Chain Analysis
- DROC Analysis
- Market Drivers
- Increasing Prevalence of Chronic Diseases And Other Medical Conditions
- Innovations and Advancements in The Computed Tomography Technology
- Market Restraints
- High Cost of Computed Tomography Modality
- Market Challenges
- Negative Influence Due to COVIDs-19
- Market Opportunity
- Growing Prevalence of Cancer
- Growth Potential in Emerging Economies
- Market Drivers
- Recent Developments
- Porter’s Five Forces Analysis
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Intensity of Rivalry
- Threat of New Entrants
- Threat of Substitutes
- Global Computed Tomography Market Overview
- Market Size & Forecast by Value, 2017-2027
- Market Size and Forecast, By Segment
- 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
- By Type
- North America Computed Tomography Market Overview
- Market Size and Forecast
- By Value (USD Million), 2020-2027
- Market Share and Forecast
- By Type
- By Application
- By End-User
- By Country
- U.S.
- Canada
- Market Size and Forecast
- Europe Computed Tomography Market Overview
- Market Size and Forecast
- By Value (USD Million), 2020-2027
- Market Share and Forecast
- By Type
- By Application
- By End-User
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Market Size and Forecast
- APAC Computed Tomography Market Overview
- Market Size and Forecast
- By Value (USD Million), 2020-2027
- Market Share and Forecast
- By Type
- By Application
- By End-User
- By Country
- China
- India
- Japan
- South Korea
- Rest of APAC
- Market Size and Forecast
- LATAM Computed Tomography Market Overview
- Market Size and Forecast
- By Value (USD Million), 2020-2027
- Market Share and Forecast
- By Type
- By Application
- By End-User
- By Country
- Mexico
- Brazil
- Rest of LATAM
- Market Size and Forecast
- MEA Computed Tomography Market Overview
- Market Size and Forecast
- By Value (USD Million), 2020-2027
- Market Share and Forecast
- By Type
- By Application
- By End-User
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Europe
- Market Size and Forecast
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis (2020)
- Competitive Benchmarking by Operating Parameters
- Impact of COVID-19 on Global Computed Tomography Market
- Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- 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
- Other Prominent Players
- 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
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.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.