The CT scanner market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). North America is expected to record the highest CAGR in the global CT scanner market between 2022 and 2030. North America held the largest share of the CT scanner market in 2020 and is predicted to maintain its dominance during the forecast period. The market in North America is segmented into the US, Canada, and Mexico. The US holds the largest share of the global and North America CT scanner market owing to the increase in the prevalence of inflammatory diseases, the presence of major players in the industry, the development of the healthcare sector, the availability of new innovative computer tomography systems, and advancements in technology for computed tomography in the region.
Rising Prevalence of Chronic Diseases to Fuel CT Scanner Market
As per the article published by the National Institute of Biomedical Imaging and Bioengineering in June 2022, CT scans have evolved into an effective screening method for detecting potential cancers or lesions in the abdomen. A heart CT scan may be recommended for suspected cardiac illnesses or anomalies. CT scan of the head can also be used to detect injuries, tumors, clots that cause stroke, bleeding, and other diseases. It can examine the lungs to detect malignancies, pulmonary embolisms (blood clots), excess fluid, and other diseases, including emphysema or pneumonia. A CT scan is especially beneficial for detecting complicated bone fractures, badly degraded joints, or bone malignancies because it generates more detail than a traditional x-ray. Therefore, the rising frequency of chronic diseases such as cardiovascular disease, cancer, neurology diseases, and orthopedic problems has resulted in a vast patient population getting CT scans across the world. According to the National Center for Health Statistics, in 2021, 1,898,160 new cancer cases were reported in the US. As a result, the rising prevalence of cancer throughout the world is boosting demand for computed tomography scanners. In addition, as per the article published by Harvard Health in September 2021, an estimated 90 million CT scan procedures are performed in the US annually.
Leading players are introducing advanced technological products to gain an edge over their competitors. For instance, in April 2021, Hitachi, Ltd. announced the launch of a newly designed Scenaria 64-slice CT scanner. The product is designed to reduce radiation dose, improve efficiency, and cater to interventionists in their practice. Hitachi aims to strengthen its product portfolio in a highly competitive market with this product launch.
CT Scanner Market: Segmental Overview
The “CT scanner market” is segmented on the basis of type, architecture, technology, application, end user, and geography. Based on type, the market is bifurcated into stationary and portable CT scanners. The CT scanner market, based on architecture, is bifurcated into C-arm CT Scanners and O-arm CT Scanners. The CT scanner market, by technology, is segmented into high slice CT, midsize CT, Low Slice CT, and cone beam CT. Based on application, the CT scanner market is segmented into oncology, neurology, orthopedic, other applications. In terms of end users, the CT scanner market is categorized into hospitals, diagnostic centers, research laboratories, and veterinary clinics.
CT Scanner Market: Competitive Landscape and Key Developments
GE Healthcare, Siemens Healthcare Private Limited, Koninklijke Philips N.V., TOSHIBA IT and CONTROL SYSTEMS CORPORATION, HTSI Healthcare Solutions, Shimadzu Corporation, SAMSUNGHEALTHCARE.COM, Neusoft Corporation, Medtronic, and Shenzhen Anke High-Tech Co., Ltd are the leading players analyzed in the global CT scanner market report. These leading players are focusing on expanding and diversifying their market presence and clientele, tapping business opportunities in the CT scanner market.
A few of the key developments by major market players are as follows:
- In November 2022, FUJIFILM launched SCENARIA View Focus Edition, a premium CT scanner in the US. It features Cardio StillShot, an advanced Cardiac Motion Correction feature, which enables 6x higher temporal resolution than conventional image reconstruction methods. The device is suitable for routine and advanced clinical applications and was introduced at RSNA 2022.
- In April 2022, Wipro GE Healthcare launched its advanced Revolution Aspire CT scanner. The CT system is designed and manufactured entirely in India at the Wipro GE medical devices manufacturing plant. It has higher imaging intelligence for more accurate clinical diagnosis.
- In November 2021, Siemens Healthineers launched Naeotom Alpha, the first photon-counting CT scanner cleared for clinical use in the US and Europe. Photon-counting technology enables drastic improvements, including increased resolution and reduced radiation dose by up to 45% for ultra-high-resolution scans compared to conventional CT detectors.