Computed Tomography (CT) Market is Projected to Expand at a CAGR of 4.5% Between 2016 and 2024

Global Computed Tomography (CT) Market: Overview

Computed tomography is diagnostic imaging test popularly used in obtaining detailed cross-sectional images of various internal organs, soft tissues, and blood vessels. Over the last decade, the imaging modality has emerged as largely painless and non-invasive procedure in a wide spectrum of clinical applications. It has a profound impact on the diagnosis and management of a wide range of crucial health issues, notably those related to abdomen, pelvic, neurovascular, pulmonary, spinal, cardiovascular, and musculoskeletal. The application of the modality has also paved way for new paradigms in the characterization of tumors, cancer detection, and its management across the globe.

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An intensifying focus on preventing healthcare among worldwide populations has propelled the demand for various medical diagnostic procedures, thus fortifying the demand for CT tests. The vast demand for image-guided interventions provides for a robust underpinning to the rapidly evolution of the market. The rapid strides being experienced in medical care, especially in emerging economies, and constant advances in imaging modalities paved way for promising avenues in the market.

The worth of the global computed tomography stood at US$5.6 billion in 2017. The market is projected to rise at a CAGR of 4.5% during 2016–2024.

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High-end Slice CT and Multi-slice CT witness Attractive Demand for Diagnosis of Heart Disorders

The various types of computed tomography systems comprise high-end slice, mid-end slice, and low-end slice. Of these, the high end slice held over half of the share in the global market by the end of 2017. This is attributed primarily to the substantial demand for 64-slice CT system for obtaining high-quality images of the heart using low-dose radiation that is suitable for patient population of all ages. Multi-slice computed tomography (MSCT) has emerged as advanced diagnostic modality for cardiac imaging. The key benefit MSCT offers is non-invasive imaging of coronary arteries and heart tissues. The technique has vast applications in others segments of radiology.

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The rising prevalence of cardiovascular diseases is fueling the demand for MSCT.

North America commands Major Share

The various regional markets for computed tomography are Asia Pacific, Europe, North America, and the Rest of the World (Row). Of these, North America currently accounts for the major share in the global market. The lucrativeness of the regional market can be attributed to the fast pace of technological advances in medical care. In addition, the burgeoning demand for CT among elderly patient population is also accentuating the regional market. The marked presence of geriatric population in the regions is also fueling the uptake. This regional market is trailed by Europe.

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