Computed Tomography (CT) Scanners Market Size, Share & Industry Analysis, By Technology (High Slice, Mid Slice, Low Slice, and Cone Beam Computed Tomography (CBCT)), By Application (Orthopedics, Cardiovascular, Oncology, Neurology, and Others), By Modality (O-arms and C-arms), By End-User (Hospitals & Ambulatory Surgical Centers (ASCs), Diagnostic Imaging Centers, and Others), and Regional Forecast, 2024-2032

The global computed tomography (CT) scanners market size was valued at USD 6.97 billion in 2023 and is projected to grow from USD 7.34 billion in 2024 to USD 11.92 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period (2023-2032).

The increase in the prevalence of chronic diseases, such as cancer, neurology diseases, cardiovascular diseases, and orthopaedic disorders, has led to a large patient pool in need of diagnostic modalities such as computed tomography and magnetic resonance imaging globally. The prevalence of chronic disorders is high among the global population.

• For instance, according to the American Lung Association statistics, in 2022, 11.7 million (4.6%) of the U.S. adult population were suffering from chronic obstructive pulmonary disease (COPD).

Computed tomography is a medical imaging system widely used in healthcare facilities for early diagnosis and disease treatment, and advanced developments in the diagnostic imaging segment have fueled the demand for advanced imaging systems. In addition, the rise in demand and installation of new computed tomography (CT) systems for precise disease prognosis across healthcare settings has led to the growth of the global market.

• In May 2022, North Middlesex University Hospital in the NHS trust invested over USD 1.25 million in a new state-of-the-art CT scanner, Aquilion ONE PRISM, to aid in quick and accurate diagnosis among patients.

Moreover, the surge in investments by public and private organizations toward advanced imaging centers is expected to further boost the market growth.

The emergence of COVID-19 impeded the demand for computed tomography (CT) scanners due to the rise in the adoption of CT scanners for managing and diagnosing patients suffering from coronavirus. In addition, key players operating in the market recorded a significant revenue increase due to the COVID-19 pandemic.

However, a significant decline in demand for this equipment was observed in 2021. Moreover, the decrease in the number of COVID-19 patients undergoing diagnostic imaging across healthcare centers further limited the growth of the market for computed tomography (CT) scanners in 2021.

Computed Tomography (CT) Scanners Market Trends

Launch of Technologically Advanced Computed Tomography (CT) Scanners across the Globe

The introduction of technologically advanced computed tomography (CT) scanners is one of the major factors stimulating the market growth. The major industry players operating in the market are continuously involved in developing advanced systems with better disease prognoses, high-resolution results, and improved speed. The surge in the presence of CT scanners across healthcare settings has significantly reduced the time of hospitalization and has supported disease treatment across several disease indications. Recent advances in CT scanning technology include removing harmful radiation to patients, increased speed, and improved image quality.

• In December 2023, Canon Medical Systems launched Aquilion One/Insight Edition, a new computed tomography (CT) system with the company's Precise IQ Engine (PIQE) deep-learning reconstruction technology. The device produces super-resolution 1024 matrix images for cardiac and body exams, which aids in one-beat scanning among patients with high pulse rates.

Similarly, clinical settings are now focusing on replacing and upgrading existing systems to improve patient care delivery and disease therapy, further augmenting the adoption of computed tomography scanners. Thus, a surge in the adoption of CT scanners across rural healthcare settings for medical imaging across several surgical interventions, such as cardiovascular, orthopedics, and neurology, has catered to the market's growth.

• In August 2022, Fayette Medical Center installed a new 64-slice CT scanner in the U.S., with a fast scanning system that delivers higher quality images and tracks and reduces radiation exposure to patients.

Computed Tomography (CT) Scanners Market Growth Factors

New Investments by Industry Players to Support Demand for CT Scanners, Impelling the Market Growth

The rapid development of hospital infrastructure and healthcare facilities is evident globally. Moreover, regional and national healthcare agencies are emphasizing inorganic strategies such as R&D and monetary investments across national programs to boost the presence of medical devices for healthcare professionals and the patient population. Such initiatives are expected to increase the accessibility of advanced imaging modalities across diagnostic centers and augment global computed tomography (CT) scanners market growth during the forecast timeframe.

• In March 2023, NHS England and NHS Improvement awarded more than USD 1.4 million to the NHS Targeted Lung Health Check programme in Humber and North Yorkshire Cancer Alliance. The investment will lead to the acquisition of a new CT scanner and increase the diagnostic capacity at the organization from 7,000 lung health check scans to 14,000 scans per year.

Moreover, the rapid development of healthcare infrastructure, the growing prevalence of chronic diseases, and the emphasis on early diagnosis are expected to lead to higher demand for medical imaging equipment, including CT scanners, in the global market.

RESTRAINING FACTORS

High Maintenance and Installation Costs of the Systems May Hinder the Market Growth

The high maintenance and installation cost of medical imaging equipment is one of the major factors poised to hamper the global computed tomography (CT) scanners market share during the forecast period. For instance, according to an article published by Excedr in June 2023, the estimated acquisition cost of a 16-slice computed tomography system is USD 285,000 to USD 360,000. In addition, the maintenance cost of a 16-slice basic scanner is around USD 60,000 per year, and the average maintenance cost of a high-end 128 Slice scanner is about USD 250,000. The high annual maintenance cost makes it unaffordable for small-sized healthcare facilities. Moreover, the limited presence of comprehensive medical equipment maintenance policies and lack of qualified technical staff hamper the adoption of new devices across the healthcare industries.

This, combined with a large and regulated refurbished equipment industry, especially in developing countries such as China, Brazil, Chile, Mexico, and India, has limited the adoption of new and innovative products due to the high capital required for the latest devices. Moreover, limited investments by healthcare players toward medical imaging equipment maintenance further limit the adoption of CT scanners.

Major international players and some domestic players have entered this lucrative segment and offer refurbished equipment at affordable prices to healthcare facilities globally. The preference for low-cost refurbished products over new products by healthcare facilities is expected to hinder the market growth during the forecast period.

Computed Tomography (CT) Scanners Market Segmentation Analysis

By Technology Analysis

Robust Product Portfolio of Low-slice Products to Augment their Demand, Fueling the Segment Growth

By technology, the global computed tomography (CT) scanners market is divided into high slice, mid slice, low slice, and cone beam computed tomography (CBCT).

The low slice segment dominated the global market in 2023. This segment’s growth is primarily driven by the increasing use of low slice scanners in emerging countries, the established and strong product portfolio of market players, and the new product launches in the low slice segment in the global market.

• In March 2020, Allengers with Canon Medical Systems Corporation launched a 32 slice CT scanner at Indian Radiological And Imaging Association (IRIA) 2020.

Moreover, the high adoption of low slice scanners in diagnosing several chronic disorders, such as cancer, and the low costs of these devices compared to high-end devices have been instrumental in augmenting the demand for low-slice products globally.

• According to data published by Humber and North Yorkshire Cancer Alliance in March 2023, a low-slice CT scan helps identify potential lung problems, including lung cancer, at an earlier stage, assessing early disease diagnosis.

On the other hand, the cone beam computed tomography (CBCT) segment is anticipated to grow at a considerable CAGR during the forecast period owing to the high potential advantages of these devices compared to conventional CT scanners, including lower cost, smaller radiation dose, and compact device size. Moreover, rising awareness of CBCT devices among healthcare professionals is expected to augment segment share during 2024-2032.

By Application Analysis

Product Deployment in Oncology Applications to Impel the Segment Growth

In terms of application, the market is segmented into orthopedics, cardiovascular, oncology, neurology, and others.

The oncology segment held a dominant share in the application segment in 2023. The increasing cancer prevalence globally and the rise in the adoption of CT scanners in cancer diagnostics are significant factors boosting the segment's growth. Moreover, the rise in the introduction of new systems by market players for oncology applications has propelled the segmental growth.

• In February 2023, Siemens Healthineers AG launched a new PET/CT scanner at the Society of Nuclear Medicine and Molecular Imaging (SNMMI) annual meeting. The Biograph Vision.X device is precise in diagnostic and therapeutic capabilities, combined to support the treatment of post-recurrent prostate cancer patients.

The orthopedics segment is anticipated to register a significant CAGR during the forecast period due to the increased adoption of CT scans in orthopedic surgeries and the surge in the prevalence of orthopedic disorders among the population.

• The Delhi Orthopedic Association published the results of a study of 658 orthopedic surgeries in 2021. As per the results, applying intraoperative 3D imaging using a CT scan led to precise implant positioning and improved the radiological outcome.

By Modality Analysis

High Adoption of O-Arms across Clinical Settings to Drive the Segment Growth

By modality, the market is segregated into O-arms and C-arms.

The O-arms segment held the largest share in the global market in 2023. The rise in the patient pool for diagnostic CT scan procedures and the rising adoption of these devices across healthcare settings have boosted the segment's growth. Moreover, potential advantages of these systems, such as enhanced visualization, seamless navigation, and improved accuracy, further propelled segment share in 2023.

• For instance, in February 2023, Sparsh Health and Sita Bhateja Hospital completed 100 complex spine surgeries using an O-arm surgical imaging system with the StealthStation S8 Navigation system in India.

The C-arms segment is expected to grow at a higher CAGR from 2024 to 2032. This is attributed to an increasing preference for C arms in interventional surgical procedures due to their open architecture and easy patient access. Moreover, the rise in the integration of C-arm systems with advanced technologies such as AI and 3D mapping by key players is expected to boost its demand in the global market.

By End-User Analysis

Hospitals & Ambulatory Surgical Centers (ASCs) Segment Dominated Due to Well-established Healthcare Sector in Developed Regions 

On the basis of end user, the market is segmented into hospitals & ambulatory surgical centers (ASCs), diagnostic imaging centers, and others.

The hospitals & ambulatory surgical centers (ASCs) segment held the dominant market share in the end-user segment in 2023. The well-established healthcare sector in developed regions, the growing number of hospitals in developing countries, and the increasing number of CT imaging examinations at hospitals and ambulatory surgical centers (ASCs), are slated to boost the segment growth during the forecast period.

• As per OECD statistics, in 2022, a total 369,318 computed tomography scans were performed in hospitals of Australia, as compared to 396,230 in 2021.

The diagnostic imaging centers segment is anticipated to grow significantly during the forecast period due to the increasing number of diagnostic centers with technologically advanced devices across developed countries. Moreover, clinical settings' high focus on expanding their geographical presence is anticipated to augment their share during the forecast period.

• In February 2023, Canada Diagnostic Centres announced the strategic acquisitions of Guardian Radiology and The Ultrasound Centre (TUC) to expand its presence and elevate its capabilities to provide unparalleled medical imaging services to patients.

REGIONAL INSIGHTS

Based on region, the market for computed tomography (CT) scanners is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.

The market size in the Asia Pacific stood at USD 2.54 billion in 2023. Asia Pacific dominated the market and it is anticipated to grow at a higher CAGR during the forecast period of 2024-2032 due to the increasing incidence of chronic diseases, developing healthcare sector, and strong unmet need for advanced diagnostic systems in diagnostic centers. This, along with a large and aging installed base of this equipment requiring replacement, offers enormous potential for new systems in this region.

• As per Public Library of Science (PLOS) estimates in July 2022, about 12.0% of the total adult population suffers from diabetes in China, accounting for almost one-quarter of cases worldwide. The number represents an increase in prevalence by 10-fold over the last three to four decades in the country.

North America held a significant share in the global market for computed tomography (CT) scanners in 2023. The increasing number of patients undergoing diagnostic imaging procedures in the region and the rise in the introduction of technologically advanced systems across U.S. healthcare settings have propelled the market's growth in this region.

• In September 2022, the Mayo Foundation for Medical Education and Research (MFMER) installed a new Biograph Vision Quadra PET/CT scanner to improve imaging quality and speed for patients, especially for the diagnosis and treatment of cancer. It was the first system approved for clinical use in North America.

Europe is anticipated to grow at a significant CAGR during the forecast timeframe. The growth is due to increasing awareness of early disease diagnosis among the population and well-established healthcare facilities in countries such as Germany, France, and Italy. Moreover, the rising focus of market players toward geographical expansion across the region is further expected to propel regional growth.

• For instance, in 2023, GE HealthCare announced the establishment of a new CT production line at its European headquarters in Buc, France. The company invested around USD 1.1 million to complete the establishment by 2024.

Latin America market for computed tomography (CT) scanners is anticipated to hold a substantial share during the forecast period owing to the region's high healthcare expenditure.

 The Middle East & Africa region is expected to expand at a considerable CAGR during 2024-2032, owing to a growing healthcare infrastructure and new investments by government organizations in medical imaging industries.

List of Key Companies in Computed Tomography (CT) Scanners Market

Key Players Dominate Due to Extensive Distribution Network and Strong Medical Imaging Portfolios

The competitive landscape of the global market is consolidated with a few dominant players such as Siemens Healthineers AG, GE Healthcare, Canon Medical Systems Corporation, and Koninklijke Philips N.V. Robust medical imaging portfolios, new product launches, and presence of extensive distribution network across all geographies are primarily responsible for these players’ dominance in global computed tomography (CT) scanners market. Moreover, the rising emphasis of significant players on acquisitions and collaborations for the expansion of existing product portfolios across developing countries further augmented their market share.

• In December 2023, GE HealthCare showcased a new CT scanner, the Revolution Ascend scanner of AI software applications, to McCormick Place for Radiological Society of North America (RSNA) 2023.


• In December 2023, Canon Medical Systems Corporation launched two of four new artificial intelligence-based computed tomography scanners at the Radiological Society of North America (RSNA) 2023 meeting.

Other key players, such as Hitachi, Ltd., Neusoft Medical Systems Co., Ltd., and Carestream Health, are now focusing toward technological advancements in their imaging systems globally to deliver high-quality healthcare to the patient population, further propelling the global market growth.

• In January 2023, Carestream Health announced that it was awarded 20 new patents in 2022 for global advances in artificial intelligence (AI), image quality, and mobile imaging. The innovation will fuel Carestream’s goals to deliver cutting-edge technologies that inform healthcare providers and help enrich patient care.

LIST OF KEY COMPANIES PROFILED:

• GE Healthcare (U.S.)


• Hitachi, Ltd. (Japan)


• Siemens Healthineers AG (Germany)


• Koninklijke Philips N.V. (Netherlands)


• Neusoft Medical Systems (China)


• Canon Medical Systmes Corporation (Japan)


• Carestream Health (U.S.)


• Planmeca Oy (Finland)


• Fujifilm Corporation (Japan)

KEY INDUSTRY DEVELOPMENTS:

• November 2023 - Siemens Healthineers AG launched a new dual source, ‘Somatom Pro.Pulse’ computed tomography (CT) system with integrated 3D camera simplify scanner. The device uses 20.0% less power and is more accessible for smaller and rural facilities and outpatient diagnostic centers.


• October 2023 - The Harley Street Clinic, part of HCA International Limited (HCA UK), invested USD 5.6 million to expand its scanning capabilities with the acquisition of two new CT scanners, including the SOMATOM X.ceed CT scanner from Siemens Healthineers.


• May 2023: GE HealthCare announced its largest CT collaboration of USD 30.0 million with St. Luke’s University Health Network to install 21 of GE HealthCare’s AI-powered CT systems.


• November 2022 - Fujifilm Healthcare Americas Corporation, a leading diagnostic and imaging solutions provider, announced the U.S. launch of the scenario view focus edition Computed Tomography (CT) system, a premium scanner with an advanced cardiac motion correction feature called cardio still-shot.


• In November 2021- GE Healthcare collaborated with Karolinska Institutet & MedTechLabs with an aim to clinically evaluate its patented silicon-based photon counting CT system. The development represents the company’s focus on continuous innovation to bring novel technologies to the CT scanner market.

REPORT COVERAGE

The research report provides a detailed analysis of the market for computed tomography (CT) scanners and focuses on key aspects such as leading companies, technology types, and leading product applications. Besides this, it offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth and advancement of the market in recent years.

Report Scope & Segmentation

ATTRIBUTE	DETAILS
Study Period	2019-2032
Base Year	2023
Estimated Year	2024
Forecast Period	2024-2032
Historical Period	2019-2022
Growth Rate	CAGR of 6.3% from 2024-2032
Unit	Value (USD billion)
Segmentation	By Technology High Slice Mid Slice Low Slice Cone Beam Computed Tomography (CBCT)
By Application Orthopedics Cardiovascular Oncology Neurology Others
By Modality O-arms C-arms
By End-User Hospitals & Ambulatory Surgical Centers (ASCs) Diagnostic Imaging Centers Others
By Geography North America (By Technology, By Application, By Modality, By End-User, and By Country) U.S. (By Technology, By Application, By Modality, By End-User) Canada (By Technology, By Application, By Modality, By End-User) Europe (By Technology, By Application, By Modality, By End-User, and By Country) U.K. (By Technology, By Application, By Modality, By End-User) Germany (By Technology, By Application, By Modality, By End-User) France (By Technology, By Application, By Modality, By End-User) Italy (By Technology, By Application, By Modality, By End-User) Spain (By Technology, By Application, By Modality, By End-User) Russia (By Technology, By Application, By Modality, By End-User) Rest of Europe (By Technology, By Application, By Modality, By End-User) Asia Pacific (By Technology, By Application, By Modality, By End-User, and By Country) China (By Technology, By Application, By Modality, By End-User) India (By Technology, By Application, By Modality, By End-User) Japan (By Technology, By Application, By Modality, By End-User) South Korea (By Technology, By Application, By Modality, By End-User) Australia (By Technology, By Application, By Modality, By End-User) Rest of the Asia Pacific (By Technology, By Application, By Modality, By End-User) Latin America (By Technology, By Application, By Modality, By End-User, and By Country) Brazil (By Technology, By Application, By Modality, By End-User) Mexico (By Technology, By Application, By Modality, By End-User) Rest of Latin America (By Technology, By Application, By Modality, By End-User) Middle East & Africa (By Technology, By Application, By Modality, By End-User, and By Country) Saudi Arabia (By Technology, By Application, By Modality, By End-User) Turkey (By Technology, By Application, By Modality, By End-User) Rest of the Middle East & Africa (By Technology, By Application, By Modality, By End-User)