The CT market is expected to grow at a CAGR of 4.54%.
Market Data Forecast
CT scan is used in the medical sector, which helps to examine the inside parts of the body very clearly. It will produce images of a cross-section of the body and gives images of the fragile part of bones, muscles, organs, and blood vessels. It is also used to help plan treatment and determine how well the treatment works. This precise image helps the healthcare professional to the better treatment.
Increasing chronic diseases and advancements in technology drive the market forward.
Nearly 1 in 5 people worldwide suffer from one chronic disease. Chronic diseases such as heart-related disorders, diabetes, and cancer demand CT scans.
Using some of the latest technologies, such as machine learning and artificial intelligence for CT scanning, gives the best results in the treatment. With advancements in technology, it also focuses on reducing exposure to radiation in the human body and giving better images for accurate diagnosis. Portable CT scanning is also a new development that helps people who cannot move from one place or position. This is mainly used for head injuries by reducing the risk to patients during transportation.
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The availability of different types of slices of CT scanning supports the low-slice types segment forward.
Low-slice types segment is divided into single slice and dual slice. The dual-slice segment has the highest market share. This is because a dual-slice scanner takes less time and minimum radiation than a single-slice scanner. It also gives a clear image for better treatment.
The availability of multi-slices scanners in CT supports segment growth.
The slice type is divided into six slices, ten slices, 16 slices, and 32 slices. Thirty-two slice segments have the highest market share due to increased cardiovascular disorders.
Manufacturing a high number of slices for CT supports the high-slice type segments.
The high-slice segment is divided into 40 slices, 64 slices, an open version, and cardiac CT. The 40-slice segment has the highest market share due to increasing awareness about high-end slices, which helps for the fast cure of diseases by knowing minimal issues in the body.
The availability of CT scans for the patient in both imaging centers and hospitals supports the end-user segment.
The end-user segment is divided into hospitals and, clinics, imaging centers. Due to the easy availability of CT scans in hospitals and clinics, this segment has a high market share. In addition, most hospitals concentrate on providing treatment with advanced instruments and changing the infrastructures to the advanced level.
Regional Outlook of the CT Market
North America CT market has the highest market share due to increasing early diagnosis and increasing minimal invasion diagnostic procedures. The North American CT market was valued at USD 2.51 billion in 2022 and is estimated to reach USD 3.11 billion by 2027 with a CAGR of 4.4%. US and Canada hold a large share of the region.
The Europe CT market was valued at USD 1.71 billion in 2022 and is estimated to reach USD 2.09 billion by 2027 with a CAGR of 4.15%. Factors such as the increasing older population and an increasing number of advanced treatments for disease detection drive the region forward.
Asia Pacific region is in the third position in the market share due to increasing chronic disease and technological improvements. The Asia pacific CT market was valued at USD 1.05 billion in 2022 and is estimated to increase with a CAGR of 4.93% to reach USD 1.33 billion by 2027.
Middle East Africa and Latin America have a low share due to the recent development of different types of CT scan equipment and their usage.
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Key Players in the CT Market
Samsung Healthcare, GE Healthcare, Carestream, Medtronic, CurveBeam, Trivitron Healthcare, Koning, Hitachi Medical, Canon Medical Systems, Philips, and Siemens Healthineers are Some of the key players in the CT market
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