Computed Tomography (CT) Scanners Market

COMPUTED TOMOGRAPHY (CT) SCANNERS MARKET SYNOPSIS

The Global computed tomography (CT) scanners market was valued at USD 6.7 billion in 2023 and is expected to grow from USD 7.2 billion in 2024 to USD 12.1 billion by 2033, reflecting a CAGR of 6.0% over the forecast period.

The market of Computed Tomography (CT) scanners is growing steadily due to the growing demand in advanced diagnostic imaging technologies internationally in all healthcare systems. CT scanners that utilize X-ray and the processing of computers to develop cross-sectional image of the human body have become an invaluable part of diagnosing various conditions such as cancer, cardiovascular diseases, neurological and trauma-related injuries. This market growth is driven by the rising incidence of chronic illnesses, the rising geriatric population, and the continuous development in technological aspects that are characterized by the use of low dose radiation scanning, AI applications, and portable CT machines. 

Computed Tomography (CT) Scanners Market Driver Analysis

Increased Use in Emergency and Trauma Care

The CT scanning is widely used in emergency departments, as the diagnostic information is quick and very precise, which is crucial in time-constrained scenarios. Fast and accurate imaging is necessary when the patient has presented with trauma, stroke, or acute abdominal pain so that quick treatment decisions can be made. Within mere a few seconds, CT scanners are able to grab close cross-sectional pictures of the body, which enables medical specialists to instantly evaluate interior harm, including bleeding, broken bones, organ damage, or any clogged areas. This rapidity and lucidity is definitely beneficial in getting a diagnosis and treatment at the earliest possible stage and the results of the patient are positively affected. Also, the current CT systems may be combined with an emergency workflow, which also decreases the time of the diagnosis and delivery of services in acute situations.

Computed Tomography (CT) Scanners Market Restraint Analysis

High Cost of Equipment and Installation

CT scanners need large capital funding acquisition, setup, and maintenance, which is too big an obstacle to smaller or underfunded healthcare organizations. Advanced imaging system is very expensive not merely because of its purchasing price but also because of the supplementary cost on the service contracts, software updates, and requirement of skilful personnel to control the device or analyze the scans. Such monetary requirements pose significant odds facing the use and sustenance of the CT technology in the case of rural clinics, community hospitals as well as facilities located within low-income areas. Consequently, timely and accurate diagnostic imaging services continue to be inaccessible to such settings rendering them unequal in both healthcare provision and patient outcomes.

Computed Tomography (CT) Scanners Market Opportunity Analysis

Rising Demand for Portable and Mobile CT Scanners

The CT scanner systems are becoming more common in field hospitals, rural medical care centers, as well as in cases of home-care services due to improved portability compared to the more traditional installed systems. Ultrasound systems are compact and mobile, and easy mobility and easy setup enables medical professionals to take care of delivery of advanced diagnostic imaging to their patients even in situations where patients might not be able to access fully equipped hospitals. Isolated or remote places with poor infrastructure that cannot provide high-quality diagnostic services to their patients could benefit enormously by having portable CT scanners to improve the level of diagnostic services. Equally, during a disaster or an emergency response, a field hospital with portable CT can be established to offer life-saving diagnostics at the scene of the crime. This wider adoption pattern is indicative of the expansion of the decentralized provision of healthcare and patient accessibility.

Computed Tomography (CT) Scanners Market Trend Analysis

Adoption of Subscription-Based and Pay-Per-Use Models

Due to high initial financial implication of buying CT scanners, healthcare providers are gaining preference to flexible payment and leasing models. Conventional capital investments on modern imaging systems may seem too expensive, particularly to smaller hospitals, diagnostic centers, and facilities situated in the developing areas. To overcome this challenge manufacturer and the financing partners are resorting to subscription pay per scan or lease to own options. Such models allow health institutions to enjoy the application of the latest technology in CT with minimal upfront investments and thus help them save capital and operate more efficiently on running budgets. The change also allows more frequent updating of equipment, which is much more modern and efficient, but limits financial risks in the long run.

Computed Tomography (CT) Scanners Market Segment Analysis

The Computed Tomography (CT) Scanners Market is segmented on the basis of Technology, Application, and Modality.

By Technology

o   High Slice

o   Mid Slice

o   Low Slice

o   Cone Beam Computed Tomography (CBCT)

By Application

o   Cardiovascular

o   Orthopedics

o   Neurology

o   Oncology

o   Other Applications

By Modality

o   O-arms

o   C-arms

By End-User

o   Diagnostic Imaging Centers

o   Hospitals & Ambulatory Surgical Centers (ASCs)

o   Other End-Users

By Region

o   North America (U.S., Canada, Mexico)

o   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

o   Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

o   Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)

o   Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

o   South America (Brazil, Argentina, Rest of SA)

By Technology, Low Slice Segment is Expected to Dominate the Market During the Forecast Period

The technologies discussed in this research study, the low slice segment is expected to account for the largest market share of computed tomography (CT) scanners market in the forecast period. Averagely having 1 to 16 slices, the scanners are best suited in common clinical procedures like head, chest, abdominal scans. They are also cheaper hence favorable among small or mid-size hospitals, diagnostic centers, and healthcare facilities located in emerging and rural markets that have fewer resources. Furthermore, technological breakthroughs in low slice scanner like enhanced picture resolution, quick scan and minimized radiation have increased its application in other medical faculties.

By Application, the Oncology Segment is Expected to Held the Largest Share

The oncology segment is likely to dominate the market. CT imaging is an important tool in early detection, staging, planning, and monitoring processes of different types of cancers. It has the capacity to give detailed cross-sectional images that enable clinicians to have accurate location of tumors, measuring their size and the extent of spread so as to be able to confirm the effectiveness of the current intervention methods. Increasing prevalence of cancer across the globe coupled with the awareness and emphasis on early detection is fuelling the demand of advanced imaging technologies. In addition, the significance of CT in cancer care is further supported by its use, coupled with other modalities, specifically, with PET to conduct a more detailed oncological test.

By Modality, the O-arms Segment is Expected to Held the Largest Share

The O-arms segment is expected to hold the largest share of the CT scanners market by modality during the forecast period, owing to its increasing use in image-guided surgeries, particularly in orthopedic and spinal procedures. The imaging capability of the O-arm systems are high resolution and allows intraoperative 2D and 3D imaging in real time facilitating better precision in surgical procedures and assisting in positioning of implants or devices. Their compatibility with the surgical navigation systems makes it very difficult to experience revision surgeries and increases the level of patient safety.

By End-User, the Hospitals & Ambulatory Surgical Centers (ASCs) Segment is Expected to Held the Largest Share

The hospitals and ambulatory surgical centers (ASCs) segment is anticipated to hold the largest share of the CT scanners market by end-user during the forecast period. Such supremacy has been facilitated by high number of diagnostic imaging procedures which are carried out in the settings and by the presence of advanced infrastructure and medical professionals. Various clinical applications of CT scanners which are greatly utilized by hospitals and particularly the tertiary care centers include the emergency diagnostics, oncology, cardiology, and trauma care. On the same note, ASCs have started using CT systems to enable them perform effective and accurate preoperative and postoperative assessment.

Computed Tomography (CT) Scanners Market Regional Insights

Asia Pacific is Expected to Dominate the Market Over the Forecast period 

The Asia Pacific region is projected to dominate the CT scanners market during the forecast period, driven by rapid healthcare infrastructure development, increasing healthcare expenditure, and a growing patient population. Advanced diagnostic imaging demand is increasing in countries like China, India and Japan owing to an increase in the incidence rates of chronic diseases like cancer and cardiovascular diseases, as well as an increase in aged population. Besides, government policies that are seeking to advance access to good healthcare and growth of privatized diagnostic centers are also helping in adoption of CT scanners. It is also enjoying the availability of both local and international market players of imaging solutions which are cost effective and technologically sophisticated. As the trend of determining the diseases at an early stage and increased medical tourism continue to rise, Asia Pacific could probably dominate the world scene in terms of market in CT scanners over the forecast period.

Recent Development

In November 2023, Siemens Healthineers AG introduced the ‘Somatom Pro.Pulse’, a new dual-source computed tomography (CT) system equipped with an integrated 3D camera to simplify scanning procedures. This advanced device consumes 20% less power and is designed to enhance accessibility, making it an ideal solution for smaller hospitals, rural healthcare facilities, and outpatient diagnostic centers.

In May 2023, GE HealthCare announced its largest CT collaboration to date, valued at USD 30.0 million, with St. Luke’s University Health Network. As part of this partnership, 21 AI-powered CT systems from GE HealthCare will be installed across the network, enhancing diagnostic capabilities and streamlining imaging workflows.

Active Key Players in the Computed Tomography (CT) Scanners Market

o   Canon

o   Accuray

o   FUJIFILM Holdings Corporation

o   CurveBeam AI

o   GE HealthCare Technologies

o   Koninklijke Philips

o   Koning Health

o   Neusoft Medical Systems

o   Medtronic

o   Shimadzu Corporation

o   Samsung Electronics

o   PLANMED

o   Shenzhen Anke High-tech

o   Other Key Players

Global Computed Tomography (CT) Scanners Market Scope