Computed Tomography Market Share, Size, Growth, Opportunity and Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a report titled “Computed Tomography Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”. The study provides a detailed analysis of the industry, including the computed tomography market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Computed Tomography Market?

The global computed tomography market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.20% during 2023-2028.

What is Computed Tomography?

Computed tomography (CT) is an advanced medical imaging technique that employs X-rays to generate detailed cross-sectional images of the human anatomy, commonly referred to as slices. It involves using a specialized scanner consisting of a patient bed and a motorized X-ray source that rotates around a circular structure known as a gantry. It digitally reconstructs a three-dimensional (3D) representation of the patient’s body via sophisticated software by capturing successive slices. The images obtained through CT scan enable doctors to accurately identify the presence of tumors and ascertain their location and size. It plays a crucial role in diagnosing and monitoring various medical conditions, including cancer, infection, trauma, and cardiovascular diseases (CVDs). It also allows physicians to detect and locate lesions, injuries, pulmonary embolisms, tumors, hemorrhages, bone fractures, and fluid accumulation. Compared to traditional X-ray imaging, CT scan offers several advantages, such as superior image quality, faster image processing, detecting damage to soft tissues, and eliminating issues related to overlapping structures like bones and organs. Currently, CT scan finds extensive applications in visualizing infections and evaluating injuries affecting different body parts, including the head, shoulders, spine, heart, abdomen, knee, and chest across the globe.

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What are the growth prospects and trends in the computed tomography industry?

The global computed tomography market is primarily driven by the increasing prevalence of chronic diseases across the globe due to excessive smoking, rising alcohol consumption, unhealthy eating habits, and sedentary lifestyles. Along with this, CT scans enable the identification of tumor location and size, detection of arterial blockages, monitoring of fractures, and guidance for procedures such as biopsies, radiation therapy, spinal surgeries, and joint injections. In line with this, the rising use of CT in treating, monitoring, and diagnosing various conditions, including cancer, cardiovascular disorders, pulmonary diseases, gastrointestinal ailments, and musculoskeletal disorders, is positively influencing the market growth. Moreover, CT scans provide detailed and high-resolution images of organs and tissues, aiding healthcare professionals in identifying abnormalities and detecting diseases at their early stages. Besides this, the growing awareness among the general population regarding the importance of precise and early diagnosis of diseases has augmented the demand for CT scans. Additionally, the introduction of portable CT scanners, which offer cost-effectiveness, high efficiency, reduced transportation requirements, improved treatment processes, lower risks, and enhanced patient care, has catalyzed market growth. Furthermore, the integration of machine learning (ML) and artificial intelligence (AI) algorithms into CT scanning has automated and optimized the data acquisition process that improves image quality, enhances sensitivity, and reduces patient exposure to radiation, thereby contributing to market growth. Other factors, including increasing investments in research and development (R&D) activities for the development of advanced CT scanners, significant advancements in the healthcare industry, and escalating demand for CT scans in dentistry, are also anticipated to propel the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

• Low Slice
• Medium Slice
• High Slice
• Cone Beam

Application Insights:

• Oncology
• Neurology
• Cardiovascular
• Musculoskeletal
• Others

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End User Insights:

• Hospitals
• Diagnostic Centers
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Canon Medical Systems Corporation (Canon Inc.)
• FUJIFILM Holdings Corporation
• GE HealthCare (General Electric Company)
• Koning Corporation
• Koninklijke Philips N.V.
• NeuroLogica Corp. (Samsung Electronics Co. Ltd.)
• Neusoft Medical Systems Co. Ltd. (Neusoft Corporation)
• Planmeca Oy
• Siemens Healthineers AG (Siemens AG)
• Stryker Corporation

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