Computed tomography (CT) is a medical imaging technology that uses X-ray and computer processing to create detailed images of the internal structure of the body. The CT market has seen significant growth in recent years due to the increasing prevalence of chronic diseases and the rising demand for advanced medical imaging technologies.
The computed tomography market was estimated at US$ 4.09 billion in 2021 and is expected to grow at a CAGR of 7.84% during 2022-2028 to reach US$ ~7.84 billion in 2028.The market growth can be attributed to several factors, including the increasing incidence of chronic diseases such as cancer and cardiovascular diseases, the growing aging population, and the rising demand for minimally invasive diagnostic procedures.
One of the key trends in the CT market is the development of advanced CT systems that offer better image quality and lower radiation dose. For instance, Philips Healthcare has introduced a new CT scanner called "IQon Spectral CT," which uses a unique detector technology to capture spectral data, allowing for improved diagnostic accuracy and reduced radiation exposure. Similarly, Siemens Healthineers has developed the "SOMATOM Force" CT scanner, which uses two X-ray sources and two detectors to produce high-resolution images with low radiation dose.
Another trend in the CT market is the increasing adoption of portable CT scanners, which can be used in emergency rooms, intensive care units, and other clinical settings. Portable CT scanners are smaller and lighter than traditional CT scanners, making them easier to transport and use in different locations. The portable CT scanners can also help reduce patient wait times and improve patient outcomes by enabling faster diagnosis and treatment.
Geographically, North America dominates the global CT market, with the United States being the largest market due to the presence of a well-established healthcare infrastructure, favorable reimbursement policies, and high healthcare expenditure. The Asia Pacific region is expected to witness significant growth in the CT market due to the increasing incidence of chronic diseases, the growing aging population, and the rising demand for advanced medical imaging technologies.
However, the high cost of CT scanners and the shortage of skilled professionals may hinder the growth of the CT market in some regions. Additionally, the increasing use of alternative diagnostic imaging modalities such as magnetic resonance imaging (MRI) and ultrasound may also pose a challenge to the CT market.
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In conclusion, the global CT market is expected to grow at a steady pace in the coming years due to the increasing prevalence of chronic diseases and the rising demand for advanced medical imaging technologies. The development of advanced CT systems and portable CT scanners is expected to drive market growth, while the high cost of CT scanners and the shortage of skilled professionals may hinder market growth in some regions.
