CT Scanners Market Size

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.