Global Computed Tomography (CT) Market - Segmented By Product, Application, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)

SKU ID : INH- 12346438

Publishing Date : 01-May-2018

No. of pages : 110

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  • The computed tomography (CT) market is expected to register a CAGR of 5.4% during the forecast period of 2018–2023. CT is used to take the images of internal body organs.

    Increasing Incidences of Cancer and Chronic Diseases

    Chronic diseases, such as heart disease, cancer, diabetes, stroke, and arthritis have long lasting effects, persisting for more than three months. Cardiovascular diseases account for 17.5 million deaths annually, followed by cancers (8.2 million). To prevent the impact of chronic diseases on individuals and the society, a lot of research is being carried out to find drugs that can cure such disorders. Thus, there is an increase in the demand for CT scans.
    It is estimated that nearly 550,000 new cases of head & neck cancer are diagnosed globally each year. According to the American Cancer society nearly 40,000 people in the United States are diagnosed with head & neck cancer, out of which 12,000 were supposed to die in 2014. This number is estimated to increase if serious measures are not taken. Head & neck cancer accounts for nearly 5-6% of the cancer cases in the United States alone. In 2010, the total annual incremental cost of health due to pain was approximately USD 560 billion to USD 635 billion in the United States, which includes the medical cost of pain care and the economic cost related to disability days. With increasing incidences of cancer, the market for CT scans is forecasted to increase simultaneously. The other major drives for the computed tomography (CT) market include the increase in the global aging population, technological advances, and growing public awareness for healthcare.

    Reimbursement Issues

    CT reimbursements have been cut substantially. Imaging facilities are squeezing more life from their CT scanners in response to lower reimbursement. For instance, Centers for Medicare & Medicaid Services recently declared a reduced reimbursement for CT by 21% and MRI by 12% respectively. The cost of any treatment in the public sector is determined by the set scale of fees for individual cost operations and by a sliding scale of reimbursement. However, in the private sector, the cost of treatment is highly unchecked. This adds to the patients’ expenditure as only a fixed amount or a part of expenses are reimbursed, which is a major restraint for the market. The other restraint for the computed tomography (CT) market is the expensive procedures and equipment.

    North America Leads the Market

    The North American CT market held the largest market share in 2017 due to the high adoption to new technologies and spending capacity.

    Key Developments

    • Feb 2018: Arterys receives its first FDA clearance for oncology imaging suite with deep learning.
    • Dec 2017: Siemens partnered with Amazon for developing industrial software.
    • Aug 2017: Siemens updated its medical scanner software which can deal with Windows bugs.

    The major players: FUJIFILM, GE HEALTHCARE, HITACHI HEALTHCARE SYSTEMS, NEUROLOGICA CORPORATION, NEUSOFT MEDICAL SYSTEMS CO. LTD, PHILLIPS, SAMSUNG, SHENZHEN ANKE HIGH-TECH CO., SIEMENS, and TOSHIBA MEDICAL SYSTEMS, among others.

    Reasons to Purchase the Report

    • Follow the current and future CT market
    • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
    • The segment that is expected to dominate the market
    • Regions that are expected to witness fastest growth during the forecast period
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • 3 months analyst support along with the Market Estimate sheet (in excel).

    Customization of the Report

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    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
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    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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