November 10, 2021
According to the research report titled, ‘CT Scanner Market Size By Architecture (O-arm, C-arm), By Type (Portable, Stationary), By Technology (High-slice, Mid-slice, Low-slice, Cone Beam), By Application (Human [Diagnostic {Neurology, Oncology, Cardiology}, Intraoperative], Research, Veterinary), By End-use (Hospitals, Contract Research Organization {CROs}, Ambulatory Surgical Centers {ASCs}), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with MarketStudyReport, global CT scanner market is expected to amass notable gains during 2020-2026.
Surging prevalence of chronic diseases, rising healthcare expenditure across emerging economies and increasing investments in latest medical technologies, devices, and equipment are propelling the growth of global CT scanner market.
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For the unversed, CT scanners are considered to be one of the most essential medical imaging technologies predominantly used for detecting muscle disorders like tumor and fractures as well as internal injuries and bleeding. They can also help in diagnosis of diseases like cancer, liver masses, heart ailments, etc. and monitor the effectiveness of treatment over time.
In addition, escalating demand for less invasive and early diagnostic methods in developed nations and better benefits offered by these scanners over conventional imaging modalities are augmenting the industry outlook.
On the contrary, high product costs, and availability of refurbished CT scanners along with various risks associated with the use of this technology are expected to impede market progression over the forthcoming years.
In terms of technology ambit of global CT scanner market, the low-slice segment is anticipated to register a CAGR of 5.6% over 2020-2026, owing to favorable features like cost effectiveness and easily accessibility.
Moving on to product type, the stationary segment was valued at USD4 billion in 2019 and is slated to grow remarkably over 2020-2026, owing to ongoing technological advances in the sector.
By application scope, the humans CT scanner segment captured a revenue share of 71% in 2019 and is anticipated to showcase robust growth through 2026, primarily due to rising occurrence of various health issues among humans and increasing use of scanning methods for early diagnosis of diseases.
Based on end user spectrum, the hospital segment was valued at USD 3.3 billion in 2019 and is projected to amplify considerably through 2026 as both developed and developing nations are making significant investments to enhance healthcare facilities and adopt advanced medical equipment.
Regionally speaking, Latin America captured a market share of 4.2% in 2019 and is poised to expand notably over 2020-2026, accreditable to increasing rate of chronic diseases and major investments by governments towards latest healthcare technologies and equipment.
Key players operating in global CT scanner market are Xoran Technologies LLC, Shanghai United Imaging Healthcare Co., Ltd., Siemens Healthineers AG, Shenzhen Anke High-tech Co., Ltd., Samsung Healthcare (Samsung Technologies Co., Ltd.), Planmed OY, Neusoft Corporation, Medtronic plc, Koninklijke Philips NV, Koning Corporation, Hitachi Ltd., GE Healthcare, Curve Beam LLC, Carestream Health, Inc., Canon Medical Systems Corporation, and Accuray Inc.