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CT Scanner Market size to surpass $11.4Bn by 2032

Published Date: April 24, 2023

CT Scanner Market size  is poised to  cross USD 11.4 billion by 2032, as per a new research report announced by Global Market Insights Inc.

Rising adoption of minimally invasive diagnostic procedures in the treatment of several chronic ailments will positively influence the demand for CT (computed tomography) scanners. Besides decreasing the healthcare costs and providing enhanced patient outcomes, minimally invasive diagnostic methods are more affordable than traditional diagnostics. These methods also offer shorter recovery time, limited risk of complications, and improved convenience. Moreover, the surging awareness regarding less invasive and early diagnostic methods will further anchor the product progression.

However, the higher maintenance, delivery and installation costs of CT scanners may hamper market outlook. CT scanners need regular maintenance for ensuring optimal performance while preventing breakdowns and malfunctions. The complexity and the increased prices associated with the production of CT scanners can be further accredited to the variation in technologies. The surging initial investment costs whilst purchasing CT scanners may also pose as a significant barrier for smaller healthcare facilities and hospitals with limited budgets.

Need for flat panel technology-deployed C-arm CT scanners to favor industry trends

CT scanner market valuation from the C-arm architecture segment will grow over USD 4.1 billion by 2032. The progress can be attributed to the increasing penetration of C-arm CT scanners in fluoroscopic intraoperative imaging in emergency care and surgeries. These scanners are also deployed in neuro interventional, oncological, and cardiac procedures. The ongoing advancements in C-arm including flat panel technology to offer reduced radiation exposure while allowing physicians in performing multiple procedures will drive the market landscape.

Browse key industry insights spread across 290 pages with 588 market data tables & 21 figures & charts from the report, “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}), Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:

Surging adoption of low-slice CT scanners to drive industry

The demand for low-slice CT scanners is set to  grow at a 6% CAGR  by 2032 driven by thriving adoption in the imaging of the chest, abdomen, and pelvis as they offer affordability, versatility, less maintenance and lower operating costs. Higher-slice CT scanners facilitate the decision-making processes for healthcare providers and are generally less expensive as well as more accessible for smaller facilities that have limited budgets. The ongoing technological advancements along with rising number of orthopedic and pediatric imaging procedures will further accelerate the market trends.

Increasing application scope in human diagnostics to propel CT scanner preference

CT scanner market revenue from the human application segment will record USD 7.5 billion by 2032 due to rising usage for diagnostic purposes, including the detection and diagnose of cancers, injuries, and other medical conditions. The growing burden of cancer in humans has led to the rising expansion for CT scans. The influx of innovative technologies, such as computer-aided detection as well as computer-aided diagnosis of suspicious cancer nodules has necessitated the assessment of the risks of malignancy in lung cancer, further augmenting the increased usage of CT scanners.

Growing presence in CROs to complement the adoption of CT scanners

CT scanner market value from clinical research organizations (CROs) is likely to  hit USD 1.2 billion by 2032. CT scanners deploy X-rays for producing detailed images of various internal structures within the body. These images further assist researchers in identifying abnormalities, monitoring disease development, and evaluating the effectiveness of treatments. Ct scans are also popular in CROs for collecting the medical imaging data for clinical trials, that include testing the efficacy of novel drugs for studying the progression of multiple diseases in patients.

Rising deployment of new technologies to boost CT scanner market in Europe

Europe CT scanner industry is slated to witness 6.9% CAGR by 2032 propelled by the rising deployment of innovative technologies in the region. The rapidly expanding aging population and the subsequently increasing burden of a variety of chronic diseases amongst these individuals have led to the stipulated preference for CT scanners. The higher disposable incomes will also a play a crucial role in the regional market expansion. 

New product developments to outline CT scanner industry competitive landscape

Some of the major CT scanner industry players include Canon Medical Systems Corporation, Accuray Inc, Carestream Health Inc, GE Healthcare, CurveBeam, Hitachi Medical Corporation, Koninklijke Philips N.V., Medtronic, Koning Corporation, Neusoft Corporation, Planmed Oy, Siemens Healthineers, Samsung Healthcare (Samsung Electronics Co., Ltd.), Shenzhen Anke High-tech Co., Ltd, and Xoran Technologies, LLC.

Authors: Rupali Swain, Subodh Kharad