Advanced Computed Tomography Scanners Market

A 2x growth in revenue to be observed in the global advanced computed tomography scanners market by the end of the forecast period

According to the analysis done by Persistence Market Research, the global advanced computed tomography scanners market is experiencing steady rise since past years. The global market has witnessed positive yet slow growth since 2012 and is expected to register a high value CAGR of 7.9% throughout the period of forecast. In 2017, the global advanced computed tomography scanners market reflected an estimate of around US$ 1300 Mn in 2017 and is anticipated to touch a value higher than US$ 2900 Mn by the end of the year of assessment.

This growth can be attributed to the increasing demand for advanced computed tomography scanners for diagnosis in carious healthcare facilities across the globe, rising incidences of ageing population, increasing need for medical imaging and increasing preference of minimally invasive diagnostic procedures. However, factors such as adoption of refurbished equipment and lack of skilled and trained professionals are posing challenges to the growth of the global market.

Favorable government policies for start-ups and increase in healthcare expenditure to fuel the growth of the market in emerging economies

Since past few years, government policies in Middle East and Africa and Asia Pacific regions are encouraging start-up companies and multi-national corporations to focus on developments in the healthcare industry, especially in the medical imaging sector. Several players in medical imaging are shifting their focus towards establishing string foothold in emerging economies owing to favorable economic conditions.

Emerging economies such as India has introduced new policies in order to attract MNCs and start-up companies across several healthcare domains. As per these policies, start-ups in India are expected from tax liabilities for the first three years after establishment. Moreover, costs associated with patent protection are also subsidized.

Per capita expenditure on healthcare is rising globally. The ability and willingness of people to invest on wellness has led to an incremental shift in the expenditure. This fact is expected to trigger the global market advanced CT scanners market growth in the coming years. Moreover, increasing use of diagnostic imaging influences the need for advanced technology computed tomography scanners, which in turn is expected to spur the demand for advanced CT scanners market at a global level during the forecast period.

Low Dose CT Scanners to cement their dominance in the medical imaging world

Advanced computed tomography scanners are categorized based on product types. Of the various product types, low dose computed tomography scanners have witnessed high adoption since past several years. The low dost CT scanners segment is estimated to reach a significant market valuation by the end of the year of assessment, thus leading the global market.

The low dost CT scanner segment was valued at about US$ 500 Mn in 2017. It is projected to expand at a robust value CAGR of 7.9% throughout the period of forecast (2017-2027).

Cone beam CT scanners to witness increased adoption in the coming years

Cone beam computed tomography scanners are being increasingly used in hospitals an ambulatory surgical centers. The use of cone beam computed tomography scanners is expected to rise at a high rate in the coming years. This segment is the second largest with respect to market valuation and is projected to expand at the highest value CAGR during the assessment period. The cone beam CT scanners segment is estimated to touch a valuation of more than US$ 900 Mn by the end of the year of assessment.

Market Segmentation