Computed Tomography (CT) Market Competitive Landscape Analysis with Forecast by 2024

Global Computed Tomography Market: Overview

After being available in the market since the last decade, computed tomography (CT) has become highly popular. A non-invasive and painless medical imaging procedure, it provides a much more complete and accurate picture of the body than its predecessor, X-rays. On account of the aforementioned benefits, CT scan has come to be recognized as one of the best methods for detecting many different kinds of cancers.

The increasing popularity of the CT scans because of the benefits they accord, coupled with the rising ranks of health conscious people, is expected to boost the market. As per TMR estimates, the global CT market is expected to be worth US$5.6 billion in 2017, after clocking a healthy CAGR of 4.5%.

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The research study on computed tomography examines the market after segmenting it on parameters such as the type of CT machines used and geography. It details the current trends to predict the overall growth. It also leverages Porter’s Five Forces Model to understand the competitive dynamics of various segments. Aspects, namely market size, its growth drivers and restraints find a detailed mention in the report as well.

Global Computed Tomography Market: Trends and Opportunities

There are various reasons why computed tomography market has seen an impressive growth. Firstly, there has been an increasing awareness among a new breed of health conscious people, who understand the importance of preventive healthcare and demand accurate early diagnosis. Secondly, an alarmingly high occurrence of circulatory system, cardiovascular, inflammatory, and spinal diseases is also driving growth in the market.

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Further, spurt in medical diagnostic procedures and technological advancements has also stoked the market. Depending upon the type of CT machines, for example, the market can be divided into the following: high end slice, mid end slice, and low end slice CT. The high end slice is slated to hold more than half of the market share by 2017 due to the 64-slice CT system it includes, which aids in accurate imaging of the heart. The multi-slice computed tomography (MSCT), further, introduced around six years back, offers high-speed, non-invasive, thin-slice diagnostic scanning for various purposes in radiology and cardiology, has seen soaring popularity.

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