[175 Pages Report] The global CT scanner market is expected to reach USD 6.20 billion by 2022 from USD 4.76 billion in 2017, at a CAGR of 5.4% during the forecast period. Major factors driving the growth of this market include growing need for effective and early diagnosis, rising global prevalence of targeted diseases coupled with an aging population, increasing preference for minimally invasive diagnostic procedures, increasing benefits of CT scans over other imaging modalities, and technological advancements. However, ssignificant installation and maintenance costs, uncertain reimbursement scenario across developing nations, dearth of well-trained and skilled healthcare professionals may hinder the growth of the CT scanner market during the forecast period.

Market Dynamics

Drivers

Technological advancements

Growing patient emphasis on effective and early disease diagnosis

Rising prevalence of targeted diseases

Increasing preference for minimally invasive diagnostic procedures

Procedural benefits offered by computed tomography

Restraints

Significant installation and maintenance costs

Uncertain reimbursement scenario across developing nations

Dearth of well-trained and skilled healthcare professionals

Opportunities

Emerging markets

Growing market preference for multimodal Diagnostic Imaging systems

Ongoing market shift towards image-guided interventions

Challenges

Growing adoption of refurbished CT Scanner

Technological innovation coupled with rising preference for minimally invasive surgeries are the major drivers for the market.

Over the last decade, the diagnostic imaging industry has witnessed significant technological advancements in the field of computed tomography, including the emergence of low-dose and automated CT scanners. These devices offer high image quality with improved spatial resolution and low radiation exposure to the patient as well as surgeons. These advanced CT devices have a simplified console, offer ease of operability, and provide affordable installation with minimal space requirements. These factors are driving the adoption of such products among healthcare professionals and researchers across major healthcare markets worldwide. Moreover, ongoing advancements in the field of semiconductor materials have enabled device miniaturization as well as the development of multi-slice CT scanners that offer 128-, 256-, 320-, or 500- slice CT images. These developments along with expansion in the application horizon of CT technology have resulted in their growing adoption among various end users worldwide. For instance, in 2015, Siemens Healthineers (Germany) received U.S. FDA�s 510(k) clearance for its SOMATOM Force, SOMATOM Definition Flash, SOMATOM Definition Edge, SOMATOM Definition AS/AS+, SOMATOM Perspective, SOMATOM Scope, and the SOMATOM Emotion 16 CT systems; these systems offer low radiation exposure during lung cancer screening. Also, in 2016, Koninklijke Philips N.V. (Netherlands) launched the IQon Spectral CT system in Canada; this system offers exclusive spectral imaging capabilities with low radiation exposure.

The following are the major objectives of the study

To define, describe, and forecast the CT scanner market on the basis of product type, device architecture, technology, application, end user, and region

To provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and challenges)

To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the market

To analyze opportunities in the market for key stakeholders and provide details of the competitive landscape for major market leaders

To forecast the size of the market segments with respect to four major regions, namely, North America, Europe, Asia-Pacific, and RoW2

To profile the key players in the market and comprehensively analyze their market shares and core competencies3

To track and analyze competitive developments such as product launches; agreements, partnerships, & collaborations; mergers & acquisitions; and research & development activities in the global CT scanner market

During this research study, major players operating in the CT scanner market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.

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Major players in the CT scanner market include General Healthcare (US), Siemens (Germany), Philips (Netherlands), Toshiba Corporation (Japan), Hitachi (Japan), Shimadzu (Japan), Samsung (South Korea), Neusoft Medical Systems. (China), Medtronic (Ireland), Shenzhen (Hong Kong), and Accuray (US), among others. Product approvals, launches, and enhancements were the key strategies adopted by players to grow and expand their presence in the CT scanner market.

Major Market Developments:

In 2017, GE Healthcare introduced a dedicated cardiovascular CT system, namely, CardioGraphe which creates 3D images of coronaries, valves, chambers and myocardium in one heartbeat.

In 2017, Toshiba, signed a three-year pricing agreement with Varex Imaging Corporation in order to supply CT tubes for integration into Toshiba�s CT systems

In 2017, Siemens signed an agreement with HeartFlow for the integration of Siemens�s CT scanner systems with HeartFlow�s FFRct Analysis.

In 2017, Hiatchi, signed an agreement with Redlen Technologies for the development of a multi-energy photon-counting Computed tomography (PCCT) semiconductor detector module

Target Audience:

CT scanning device manufacturers

Medical device suppliers and distributors

Research laboratories and academic institutes

Research and development (R&D) companies

Government and non-government organizations

Venture capitalists and other private funding organizations

Market research and consulting firms

Healthcare service providers (including hospitals and diagnostic centers)

Veterinary hospitals and clinics

Pharmaceutical and biotechnology companies

Scope of the Report

This report categorizes the Coronary Stent market into the following segments and subsegments.

Global CT scanner market, by type

Stationary CT scanners

Portable CT scanners

Global CT scanner market, by device architecture

C-arm CT Scanners

O-arm CT Scanners

Global CT scanner market, by technology

High-slice CT

Mid-slice CT

Low-slice CT

Cone-beam CT (CBCT)

Global CT scanner market, by application

Human Application

Diagnostic Applications

Cardiology Applications

Oncology Applications

Neurology Applications

Other Diagnostic Applications

Intraoperative Applications

Veterinary Application

Research Application

Global CT scanner market, by region

North America

Europe

Asia-Pacific

Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to 15)

The global CT scanners market is expected to reach USD 6.20 billion by 2022 from USD 4.76 billion in 2017, at a CAGR of 5.4% during the forecast period. Technological advancements, growing patient emphasis on early disease diagnosis, rising incidence of targeted diseases, increasing priority for minimally invasive diagnostic procedures, and procedural benefits offered by CT scanners are key factors driving the growth of the market.

The CT scanner market is segmented into type, device architecture, technology, application, and end user. On the basis of type, the market is categorized into stationary and portable CT scanner, in which stationary CT scanners is expected to account for the largest share of the market. This is attributed to the significant adoption of stationary CT scanners for its growing application horizons.

Based on device architecture, the CT scanner market is segmented into C-arm and O-arm CT scanners. The O-arm CT segment is estimated to command the larger share of the global market due to the ongoing commercialization of mobile CT scanners and the procedural benefits offered by the O-arm devices.

On the basis of technology, the CT scanner market is segmented into high-slice, mid-slice, low-slice, and cone beam CT technology. In 2017, the high-slice segment is estimated to command the largest share, majorly due to the rising adoption of CT for diagnostic procedures and the expanded application horizons of CT technology.

Based on applications, the global CT scanners market is segmented into human, veterinary, and research applications. The human applications segment is further sub segmented into diagnostic applications (cardiology, oncology, neurology, and other diagnostic applications) and intraoperative applications. The human application segment is estimated to command the largest share of the global CT scanner market in 2017, due to increasing market demand in intraoperative surgical procedures, increasing demand for effective disease management, and the rising incidence of chronic diseases.

On the basis of the end user, the CT scanners market is segmented into hospitals and diagnostic centers, ambulatory care centers, research laboratories, veterinary clinics, and other end users. Among these veterinary clinics and hospitals segment is poised to grow the fastest during the forecast period mainly due to growing market demand for enhanced virility of poultry & livestock and rising prevalence of major veterinary diseases.

North America is expected to command the largest share of the market in 2017. However, Asia-Pacific is expected to register the highest growth rate during the forecast period, due increasing incidence of target diseases, rising patient awareness on the benefits of CT scanning in early disease diagnosis, ongoing expansion and modernization of healthcare infrastructure in Asian countries.

Cone Beam CT Technology form the fastest growing technology segment.

HIGH-SLICE CT

High-slice CT scanners offer advanced imaging capabilities, with as many as 128, 256, 320, or more slices in a single rotation. These devices offer advanced capabilities for cardiac and Vascular Imaging as well as cancer diagnosis and treatment. Market growth is mainly driven by the ongoing commercialization of advanced products across major markets, increasing public-private investments in the field of high-slice CT, and growing emphasis on effective & early disease diagnosis & treatment. Moreover, advanced CT imaging capabilities offered by high-slice CT devices and their growing adoption for out-patient diagnostic procedures have expanded their application horizons.

MID-SLICE CT

Mid-slice CT scanners offer 32- and 64-slice capabilities in a single rotation. As compared to low-slice CT scanners, these acquire images much faster and feature significant diagnostic accuracy and a larger application base (such as detection of coronary stenosis, kidney stones, appendicitis, and spinal stenosis). The growth in the CT scanner market is expected to be propelled by factors such as availability of significant clinical data to validate clinical efficacy of 64-slice CT scanners in cardiology, vascular imaging, and neurology applications; growing adoption of 64- & 32-slice CT devices in oncology, trauma, and critical care; ongoing technological advancements in this field; and modernization of healthcare infrastructure & services across emerging countries.

LOW-SLICE CT

Low-slice CT scanners offer single-plane CT imaging or multi-slice imaging capabilities with 4, 8, or 16 slices in a single rotation. These include multi-slice CT devices and conventional CT scanners. Market growth for low-slice CT is driven by the significant use of these scanners for major clinical applications (such as pulmonary imaging, urological imaging, intra-operative imaging, and image-guided surgical procedures), large installation base for low-slice CT scanners across major healthcare markets, affordable product pricing (as compared to medium- & high-slice devices), and greater market preference for low-slice devices across emerging countries (due to the optimal imaging capabilities, need of limited operational skills, and product affordability).

CONE BEAM CT (CBCT)

Cone beam CT scanners use a single or multiple X-ray sources that focus on the target area, forming a focused cone beam. These devices are used for specific applications in the fields of dentistry, endodontics, maxillofacial surgeries, and otolaryngology, among others. The growing market demand for CBCT scanners can be attributed to the increasing applications of CBCT technology in human diagnostic applications (such as dental implants, maxillofacial surgeries, and neck surgeries), procedural advantages offered by CBCT (such as limited radiation exposure, affordable product costs, and low scanning time), rising market demand for cosmetic dentistry & aesthetic procedures (coupled with the rising trend of medical tourism across emerging countries), and ongoing product development & commercialization of innovative CBCT devices across major healthcare markets.

Critical questions the report answers:

What would be key clinical areas for CBCT-based procedures during next decade; how its market would grow in coming years?

Emerging countries have immense growth opportunities for CT scanners industry, will this scenario continue?

Which of the application segment will poise the highest/fastest revenue impact during the forecast period?

Portable devices are witnessing significant growth potential in CT scanner market; how market relevant stationary CT scanners would be during coming decade?

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Physicians largely depend on radiologists for the effective evaluation of CT scan examinations. Therefore, technical skill and on-hand experience of radiologists are critical to ensuring the optimal use of CT devices for effective and accurate disease diagnosis and for image-guided interventions. Poorly captured images may lead to incorrect interpretation or unnecessary repetition of CT scan examinations during a specific disease diagnosis. A well-trained radiologist, on the other hand, is able to interpret the scanned image in order to document the presence of any medical abnormalities as mandated by relevant professional organizations or respective regulatory authorities in the country. There is a significant gap between growth in the number of CT device installations and availability of target workforce capable of accurate data interpretation at a country-level. For instance, the number of CT & MRI scans in U.K. increased by 29% and 26%, respectively during 2012-2015, however, the number of consultant radiologists to interpret the image data increased by ~5% in the country during the same period. The dearth of radiologists with required technical skills and experience for accurate interpretation of CT imaging data is expected to restrain the optimal adoption of CT scanners across respective countries during the forecast period.