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Computed Tomography (CT) Scanners - Global Market Trajectory & Analytics

  • ID: 338849
  • Report
  • September 2020
  • Region: Global
  • 376 Pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • GE Healthcare (USA)
  • Hitachi Ltd. (Japan)
  • MORE
Global Computed Tomography (CT) Scanners Market to Reach $6.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Computed Tomography (CT) Scanners estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$6.9 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. High End Slice, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Low End Slice segment is readjusted to a revised 3.2% CAGR for the next 7-year period.



The U. S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 6.9% CAGR

The Computed Tomography (CT) Scanners market in the U. S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 6.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.

Mid End Slice Segment to Record 4% CAGR

In the global Mid End Slice segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$839.3 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$977.9 Million by the year 2027, while Latin America will expand at a 5% CAGR through the analysis period. We bring years of research experience to this 18th edition of our report. The 376-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Canon Medical Systems Corporation
  • GE Healthcare
  • Hitachi Healthcare Americas
  • Hitachi Ltd.
  • Koninklijke Philips N. V.
  • NeuroLogica Corporation
  • Neusoft Medical Systems Co. Ltd.
  • Shenzhen Anke High-tech Co. Ltd.
  • Siemens Healthineers
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • GE Healthcare (USA)
  • Hitachi Ltd. (Japan)
  • MORE
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • CT Scanners: Enabling Advanced Non-Invasive Patient Care by Meeting Unique Imaging Needs
  • Recent Market Activity
  • Growth Drivers in a Nutshell
  • Growth Dampeners
  • Factors Affecting Penetration of CT Scanners
  • Superior Attributes over Other Imaging Technologies Drive Steady Market Adoption
  • Significant Reduction in Image Reconstruction Time & Enhanced Clinical Functionality: The Most Important Benefits of CT Scanners
  • CT Scanning Outclasses Traditional 2D Radiography
  • Increasing Shift towards Image-Guided Interventions and Minimally/Non-Invasive Procedures: Foundation for Market Growth
  • Northbound Trajectory in Healthcare Spending Lends Traction to Market Growth
  • Future Prospects Remain Optimistic
  • Developed Countries: Major Revenue Contributors
  • Developing Countries Continue to Drive Market Growth
  • Factors Driving Demand for CT Scanners & Other Medical imaging Equipment in Developing Regions
  • Stable Economic Scenario Lends Momentum for Market Growth
  • Competitive Landscape
  • Manufacturers Target Emerging Regions with Scalable CT Systems
  • Service Contracts: A Focus Area for Manufacturers
  • Global Competitor Market Shares
  • Computed Tomography (CT) Scanners Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Canon Medical Systems Corporation (Japan)
  • GE Healthcare (USA)
  • Hitachi Ltd. (Japan)
  • Hitachi Healthcare Americas (USA)
  • Koninklijke Philips N.V. (Netherlands)
  • NeuroLogica Corporation (USA)
  • Neusoft Medical Systems Co., Ltd. (China)
  • Shenzhen Anke High-tech Co., Ltd. (China)
  • Siemens Healthineers (Germany)
3. MARKET TRENDS & DRIVERS
  • Surging Cancer Incidence & the Resulting Need for Accurate Diagnosis: A Strong Growth Driver for CT Scanners
  • Cancer Incidence Worldwide: An Important Opportunity Indicator
  • Growing Prominence of Multi-Detector CT Technology in Cardiology Benefit Market Adoption
  • The Global Menace of Cardiovascular Diseases Signals Market Opportunities
  • Prevailing Demographic & Societal Trends Offer Significant Growth Opportunities
  • Ballooning Aging Population
  • Demographic Statistics of Aging Populace: Unfurling the Market Potential
  • Growing Health-Consciousness Among Population
  • Lenience Towards Preventive Care
  • Radiation Dose Monitoring Solutions Enable Advanced Image Quality and Improved Patient Care
  • Radiations from Medical Imaging Systems Perceived as Safe in Low-Doses
  • Integration of CT Scan and Healthcare IT Systems Accelerates Analysis and Assessment
  • Medical Cloud to Offer Better Reliability, Security, and Accessibility on the Clinical Front
  • Adoption of Micro-Computed Tomography Gains Momentum in Endodontic Procedures
  • Favorable Research Supporting Low-Dose Annual CT Screening Strengthens Market Prospects
  • Scanning Extends to Facilities Other than Hospitals
  • Key Challenges/Issues Facing the CT Scanners Market
  • High Price of Advanced CT Scanners
  • Reimbursement Issues
  • Refurbished CT Scanners: A Potential Threat to New Equipment Sales
  • Regulatory Issues
  • Whole Body CT Scanning and Issues
  • Effect of Radiation on Children
  • CT Scanning and FDA
  • Novel Upgradable CT Scanners with Improved Flexibility and Variable Detector Row
  • CT Perfusion to Revolutionize Cardiac Imaging and Mainstream Medicine
  • Other Advancements in Cardiac CT
  • Other Recent Innovations in Brief
  • Value and Efficiency Preferred over Royalty
  • Next-Gen CT Scanners: More Volume and Quicker Scans
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Computed Tomography (CT) Scanners Market Share (in %) by Company: 2018 & 2025
  • Market Analytics
CANADA

JAPAN

CHINA

EUROPE
  • Market Facts & Figures
  • European Computed Tomography (CT) Scanners Market: Competitor Market Share Scenario (in %) for 2018 & 2025
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 34
Note: Product cover images may vary from those shown
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  • Canon Medical Systems Corporation (Japan)
  • GE Healthcare (USA)
  • Hitachi Healthcare Americas (USA)
  • Hitachi Ltd. (Japan)
  • Koninklijke Philips N.V. (Netherlands)
  • NeuroLogica Corporation (USA)
  • Neusoft Medical Systems Co., Ltd. (China)
  • Shenzhen Anke High-tech Co., Ltd. (China)
  • Siemens Healthineers (Germany)
Note: Product cover images may vary from those shown
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