CT Scanners Market size was valued at USD 6.76 billion in 2023 and is projected to cross USD 15.52 billion by the end of 2036, registering more than 6.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of CT scanners is estimated at USD 7.12 billion.
Extensive research associated with cancer diagnostics and treatment in western countries, along with the growing prevalence of targeted diseases as well as the aging population, are expected to fuel the progress of this market. The growth of the market can also be attributed to the factors such as increasing preference for minimally invasive diagnostic procedures and increasing technological advancements at a global level. Moreover, ongoing advancements in semiconductor materials have enabled device miniaturization as well as developments in multi-slice CT Scanners. According to the International Osteoporosis Foundation (IOF), in 2019, one in three women and one in five men aged more than 50 years sustain osteoporosis-related fractures, and around 200 million people are affected at a global level, which results in a fracture after every three seconds. Therefore, with rising cases of orthopaedic disorders, the demand for CT Scanners is also anticipated to rise.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6.6% |
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Base Year Market Size (2023) |
USD 6.76 billion |
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Forecast Year Market Size (2036) |
USD 15.52 billion |
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Regional Scope |
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The CT scanners market is segmented on product type into stationary CT scanners and portable CT scanners, out of which the stationary CT scanners segment is anticipated to hold the largest share by the end of 2021 on account of significant adoption of stationary CT scanners as compared to portable CT scanners. Moreover, portable CT scanners are widely being used in small-room environments including clinics, critical care departments, departments of surgery, and emergency departments which are also projected to contribute to the growth of the segment during the forecast period.
On the basis of architecture, the O-arm CT scanners segment in the global CT scanners market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed due to the ongoing commercialization of mobile CT scanners and their various procedural benefits.
Our in-depth analysis of the global CT scanners market includes the following segments
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By Product Type |
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By Architecture |
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By Technology
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By Application |
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By End-User
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North America Market Statistics
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. North America industry is set to dominate majority revenue share by 2036, on account of growing population suffering from chronic diseases such as cardiovascular diseases, musculoskeletal diseases, cancer, and inclination of patients towards newer technologies.
APAC Market Analysis
Furthermore, in 2021, the market in the Asia Pacific is expected to occupy the largest share in terms of revenue, owing to the growing incidence of target diseases, rising patient awareness on the procedural benefits of CT scanning in early disease diagnosis, and ongoing expansion and modernization of healthcare infrastructure across the region. Along with this, Europe also leads in terms of ongoing clinical trials, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the CT scanner market on account of growing cancer prevalence across the region. According to Globocan 2020 report, in Europe, around 4.3 million new cases were reported and 1.9 million deaths due to cancer, which is anticipated to grow over the coming years.
Author Credits: Radhika Pawar
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