Computed Tomography Market to Grow with a CAGR of 5.25% through 2029
Rising prevalence of chronic
diseases and aging population and increased healthcare spending are factors
driving the Global Computed Tomography Market in the forecast period 2025-2029
According to
TechSci Research report, “Computed Tomography Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029F”, the
Global Computed Tomography Market stood at USD 4.33 Billion in 2023 and is
anticipated to grow with a CAGR of 5.25% through 2029.
The
relentless pursuit of innovation has been a key driver in the global CT market.
Technological advancements, such as the development of high-resolution imaging,
faster scanning times, and improved patient safety features, have spurred the
adoption of CT scans. The integration of artificial intelligence (AI) and
machine learning algorithms in CT imaging has further enhanced diagnostic
accuracy and efficiency. The global surge
in chronic diseases, including cardiovascular diseases, cancer, and
neurological disorders, has necessitated more precise and efficient diagnostic
tools. CT scans play a pivotal role in early detection, staging, and monitoring
the progression of these diseases. The increasing prevalence of chronic
conditions has led to a growing demand for CT imaging services, thus
contributing to the market's expansion.
The demographic shift towards an aging population is significantly impacting the healthcare sector. As the elderly population becomes more susceptible to health issues, there is a heightened demand for advanced diagnostic tools like CT scans. This rise in demand is further fueled by increased healthcare spending, both in developed and emerging economies, leading to greater accessibility to medical imaging services and driving growth in the CT market. Urbanization and changes in lifestyle have also contributed to the increase in non-communicable diseases. Sedentary lifestyles, unhealthy dietary habits, and environmental factors are factors in the rise of conditions that necessitate thorough diagnostic evaluation. CT scans offer a comprehensive view of internal structures, facilitating accurate diagnosis and treatment planning for diseases associated with modern lifestyles.
In addition to their traditional healthcare applications, CT technology has found new applications in non-medical fields such as industrial inspection, aerospace, and automotive industries. The versatility of CT scans in providing detailed 3D images makes them invaluable for quality control, material analysis, and research in various sectors, further expanding the market's reach. There is a growing awareness among healthcare professionals and the general public about the benefits of early diagnosis and advanced imaging technologies, driving the demand for CT scans. Educational initiatives, continuous medical education programs, and increased collaboration between healthcare institutions and industry players have contributed to a more informed approach to diagnostic imaging.
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"Global Computed Tomography Market”
The Global Computed
Tomography Market is segmented into technology, application end user and company.
Based
on end user, the Hospitals
& Clinics segment has emerged as the predominant market leader. Hospitals
and clinics have become the primary drivers of the growing demand for CT
scanners worldwide. The need for accurate and timely diagnostics is crucial in
improving patient outcomes, and CT imaging has proven instrumental in achieving
this goal. The ability of CT scans to provide detailed cross-sectional images
of the body has made them indispensable in various medical specialties,
including oncology, cardiology, neurology, and orthopedics. In the past year, the CT market has witnessed
significant technological advancements. Hospitals and clinics, being at the
forefront of adopting new technologies, have embraced the latest innovations in
CT imaging. From iterative reconstruction techniques to dual-energy CT and
spectral imaging, these facilities are investing in cutting-edge solutions that
enhance diagnostic accuracy while minimizing radiation exposure.
The Asia Pacific
region is experiencing rapid market growth. Asia Pacific’s companies in the CT
sector have actively engaged in strategic collaborations and partnerships with
research institutions, healthcare providers, and technology firms. These
alliances have facilitated the development of innovative CT solutions, driving
market growth and maintaining Asia Pacific’s competitive edge.
Major companies
operating in Global Computed Tomography Market are:
- Koninklijke
Philips N.V.
- GE
HealthCare Technologies, Inc.
- Siemens
Healthineers AG
- CANON
MEDICAL SYSTEMS CORPORATION
- FUJIFILM
Corporation
- NeuroLogica
Corp
- Neusoft
Corporation
- Koning
Corporation
- Shenzhen Anke High-Tech Co
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“The
Global Computed Tomography Market continues to evolve, driven by a dynamic
interplay of technological innovation, demographic shifts, and changing
healthcare landscapes. As the past year's advancements are reflected, it is
evident that the market's trajectory is poised for further growth. With ongoing
research, development, and a commitment to improving patient outcomes, the CT
market is likely to remain a cornerstone of diagnostic imaging in the years to
come”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Computed Tomography Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology (High-end slice, Mid end slice, Low-end slice, Cone beam), By Application (Oncology, Neurology, Cardiology, Musculoskeletal, Others), By End user (Hospitals & Clinics, Diagnostics imaging center, Others), By Region and Competition, 2019-2029F”,
has evaluated the future growth potential of Global Computed Tomography Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Computed Tomography Market.
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