Advanced Computed Tomography Scanners Market Report

Market Insights

The Global Advanced Computed Tomography Scanners Market is estimated to grow from USD 1.8 billion in 2020 to USD 2.8 billion by 2026 at a healthy CAGR of 7.6% during the forecast period.

Figure: Global Advanced Computed Tomography Scanners Market Size, 2020-2026 (USD Billion)

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What are ‘Advanced Computed Tomography Scanners’?

A computer tomography (CT) scan is a special type of X-ray that takes multiple pictures of specific organs and tissues inside a patient’s body. A computer then combines these pictures to create a 3D image of the organs or tissues. Advanced CT scanners are optimized to improve the image quality which reducing X-ray dose.

Key Players

Key players operating in the global advanced computed tomography scanners market are-

• Koninklijke Philips N.V. (Netherlands),
• General Electric Company (The U.S),
• Siemens AG (Germany),
• Carestream Health, Inc. (The U.S),
• Canon Inc., Xoran Technologies, LLC.,
• Medtronic, Plc., iCRco, Inc., and
• NeuroLogica Corp..

Market Dynamics

Growing demand for advanced computed tomography scanners for diagnosis in various medical facilities worldwide, rising need for medical imaging, increasing incidences of geriatric population, and growing preference of minimally invasive diagnostic procedures are some of the key factors augmenting the product demand in the following years.

However, the growing use of remanufactured medical equipment and the dearth of skilled medical professionals are likely to hamper the market growth during the review period.

Segments' Analysis

Type Trends

Based on type, the advanced computed tomography scanners market is categorized into cone beam CT scanners, spectral imaging-based CT scanners, low dose CT scanners, and portable CT scanners.

• The cone beam CT scanners segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline.
• Cone beam CT scanners mainly use a single or multiple X-ray sources, which focus on the target area, forming a focused cone beam, thus has less radiation, which bolsters the segment growth.
• Also, these devices are widely used for specific applications in the fields of endodontics, dentistry, maxillofacial surgeries, and otolaryngology, among others.

Regional Trends

By region, the Asia-Pacific market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to the growing prevalence of target diseases, increasing patient awareness on the benefits of CT scanning in early disease diagnosis, ongoing expansion, and modernization of healthcare infrastructure in Asian countries, further proliferates the regional market growth.

COVID-19 Impact on Global Advanced Computed Tomography Scanners Market

The COVID-19 outbreak has moderately affected the advanced computed tomography scanners industry. The pandemic propelled the manufacturing of advanced medical devices and equipment to treat coronavirus patients. The increased production of healthcare devices will drive the advanced CT scanners market. Moreover, there is a growing need for CT tests for COVID-19 patients with chronic pneumonia like condition, thus bolstering the product sales.

Critical Questions Answered in the Report

• What are the key trends in the global advanced computed tomography scanners market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the global advanced computed tomography scanners market?
• What are the key strategies adopted by the major vendors to lead in the global advanced computed tomography scanners market?
• What is the market share of the top vendors?

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Target Audience

The following is a list of the customers that the Advanced Computed Tomography Scanners market aims to convert the most:

• Advanced computed tomography scanners vendors
• Advanced computed tomography scanners retailers
• Hospitals
• CT test clinics

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