Computed Tomography Market Size, Growth, Share, Industry Trends 2024-2031
Computed Tomography Market outlook
The Computed Tomography Market is projected to expand at a CAGR of 7.2% from 2024 to 2031.
Computed tomography (CT) is a computerized imaging technique that provides detailed views of internal organs, bones, soft tissues, and blood vessels. This process involves creating cross-sectional images during CT scans. CT scanning is a highly effective method for detecting various types of cancers, as it helps doctors locate and measure tumors accurately.
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Computed Tomography Market trends
The growth of the computed tomography market is fueled by several factors, including the rising prevalence of cardiovascular diseases like coronary heart disease, chronic conditions such as diabetes, and various cancers, including lung, breast, and head cancers. Additionally, the increase in communicable diseases like COVID-19 and the growing demand for CT scans to detect infections are also driving market expansion.
The growth of the market is driven by the rising geriatric population and the increasing prevalence of chronic diseases. The aging population, coupled with a higher incidence of chronic conditions and a shift towards image-guided medical interventions, is contributing to market expansion. According to the American College of Chest Physicians, lung cancer, one of the most frequently diagnosed cancers, accounts for 11.6% of global cancer cases. Incidences of lung cancer are projected to increase by 38%, reaching 2.89 million cases by 2031.
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Computed Tomography Market Geographical Size
North America holds the largest share of the global computed tomography market and is expected to continue leading throughout the forecast period. The region's dominance is driven by an aging population and a rising incidence of cancer and chronic diseases. For instance, the National Brain Tumor Society reported that in 2020, approximately 700,000 people in the United States had a brain tumor, with an estimated 87,000 new diagnoses expected. The increasing prevalence of such conditions among the elderly is likely to boost the demand for CT scans, thereby fueling market growth
Segmentations
By Device: Part Slice Detector, High Slice System, Mid Slice System, Low Slice System, X-Ray Source
By Body: Part Abdominal and pelvic, Angiography, Cardiac, Extremities, Head, Lungs, Other body parts
By End-User: Diagnostic Centers, Hospitals
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Key players
Canon Medical Systems Corporation, Fujifilm Holdings Corporation, GE Healthcare, Shimadzu Corporation, Koning Corporation, Koninklijke Philips NV, Neusoft Medical Systems Co. Ltd, CareStream Health, Planmeca Group (Planmed OY) and Stryker Corporation.
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