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The global Computed Tomography (CT) scanners market size is estimated to display strong growth by reaching USD 10.19 billion by 2030. Fortune Business Insights™ in its report titled “Computed Tomography (CT) Scanners Market Size, Share & COVID-19 Impact 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, 2023-2030” observes that the market size in 2022 stood at USD 6.62 billion and is expected to reach USD 6.95 billion in 2023 with CAGR 5.6%. Computed tomography is a medical imaging system in the healthcare facilities for diagnostic and therapeutic purposes. The rising prevalence of chronic diseases and recent developments in the healthcare sector to fuel the demand for advanced imaging systems, including computed tomography systems. Rapid development of healthcare and hospital infrastructure in the developing countries is set to drive the market growth.
GE Healthcare Collaborated With Karolinska Institutet & Medtechlabs For The Clinical Evaluation Of Counting CT System
In November 2021, GE Healthcare collaborated with Karolinska Institutet & MedTechLabs for the clinical evaluation of its patented silicon-based photon counting CT system. The development represents the company’s focus toward continuous innovation to bring novel technologies to the market.
Key Market Players Recorded A Significant Increase In Their Revenues Due To The Pandemic
The emergence of COVID-19 propelled the demand for computed tomography scanners due to the rise in adoption of these imaging equipment for the management and diagnosis of patients suffering from coronavirus. Key market players recorded a significant increase in their revenues due to the pandemic. The increase in production and rise in chronic illness as the modality utilization in diagnosing patients with COVID-19 are some major parameters driving the growth of these imaging equipment during the pandemic.
Development Of Hospital And Healthcare Infrastructure In The Developing Countries To Drive Market Growth
Rapid development of hospital and healthcare infrastructure in the developing countries is predicted to drive computed tomography scanners market growth. There has been a rapid development of healthcare infrastructure in various countries such as Brazil, India, and China.
However, high costs of maintenance and installation of the scanners is set to hamper the market growth. The healthcare facilities prefer low-cost refurbished products over new products.
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Acquisitions And Collaborations by the Market Players For Expansion Of Existing Product Portfolio
The market has numerous market players such as Siemens Healthineers AG, GE Healthcare, Koninklijke Philips N.V., and Canon Medical Systems Corporation. These players occupy about 65-70% share of the market. Other key players such as Hitachi, Ltd., Neusoft Medical Systems Co., Ltd., and Carestream Health. Rising emphasis of major players on acquisitions, and collaborations for expansion of existing product portfolio across developing countries further augmented their market share.
Key Industry Development
List of Key Companies Profiled in the Market Report:
Further Report Findings
Table of Segmentation
CAGR of 5.6% from 2023-2030
Value (USD billion)
By Technology, Application, Modality, End-User, and Geography