USD 4.29 billion
Computed Tomography Market Size, Share, Growth Analysis, By Type(Low slice, medium slice, and high slice), By Application(Oncology, neurology, cardiovascular, musculoskeletal), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2438 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
65
|Figures:
75
Computed Tomography Market Insights
Computed Tomography Market size was valued at USD 4.6 Billion in 2023 and is poised to grow from USD 4.94 Billion in 2024 to USD 8.68 Billion by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).
The computed tomography market growth is expected to boost more rapidly due to advancements in computed tomography (CT) technology as well as the growing prevalence of chronic diseases such as cancer, orthopedics, and neurological and cardiovascular diseases. Moreover, computed tomography market is expanding due to an increase in routine diagnostic procedures driven by an increased emphasis on preventive healthcare measures. The introduction of CT has greatly improved medical treatment. Offering comprehensive anatomical imaging, this technology improves diagnosis, avoids needless medical procedures, enhances therapy, and is an affordable imaging method. It is an important tool for diagnosis, especially for simultaneous scanning of blood arteries, soft tissues, and bone. Internal injuries can be identified early enough to save lives because CT imaging is rapid and simple in emergency situations. Therefore, the factors expected to positively impact the computed tomography industry growth comprise the increasing number of ambulatory emergency care units and a growing demand for advanced testing equipment in the emergency room. The primary drivers envisioned to propel market growth consist of technological advancements, comprising the introduction of AI capabilities and the development of additional accessories to enhance the image produced by traditional CT scanners.
US Computed Tomography Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
high slice
Fastest Growth
medium slice
Growth Rate
7.3% CAGR
Global Computed Tomography Market ($ Bn)
Country Share for North America (%)
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Computed Tomography Market Segmental Analysis
The computed tomography market is segmented on the basis of type, application, end user, and region. By type, the market is categorized into low slice, medium slice, and high slice. On the basis of application, it is divided into oncology, cardiovascular, neurology, musculoskeletal, and others. Depending on the end user, it is categorized into Hospitals and Clinics, diagnostic centers, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by End Use
Based on the 2023 computed tomography market analysis, the hospital sector dominated the market with the highest revenue share of 43.28%. The share of the segment has been influenced by the increasing number of procedures conducted annually and the rise in hospital emergency admissions. In addition, CT scans are a useful tool for precise diagnosis both before and after surgery, which helps assess how well a treatment is working. Moreover, medical imaging devices are usually installed or upgraded in hospitals. The availability of medical imaging technologies in hospitals, including CT, MRI, ultrasound, and others, can positively affect several variables, such as the length of hospital stay, total healthcare costs, the quality of treatment, and the accessibility of emergency care.
From 2024 to 2031, the diagnostic imaging centers category is expected to grow at a significant rate. These centers are required to ensure early and accurate diagnosis. A CT scan is one of the most crucial tools for diagnosing a wide range of medical conditions. Since they focus on providing image services and can, therefore, dedicate themselves to giving their patients the best care possible, diagnostic imaging centers are preferred over hospitals. Their team is more knowledgeable and experienced due to this specialization, which enriches the whole experience of the patient. Besides, diagnostic imaging clinics are predicted to have more advanced and sophisticated technology, thus making quicker and more precise diagnosis possible.
Analysis By Application
As per the computed tomography market forecast, the oncology segment dominated the market, achieving the highest revenue share (27.24%) in 2023 and having the fastest compound annual growth rate (CAGR) during the forecast period. CT scans are often used to time radiation therapy, detect, and monitor cancers and treat their response to cancer. Oncologists can assess the location, size, and form of tumors in addition to whether they have moved to other parts of the body by using CT scans. The segment is going to emerge since incidence rates of the disease are on the increase as well as the utilization of CT scans to diagnose tumors and lumps amongst other cancer types.
Over the forecast period, an impressive growth rate is expected in the neurology & musculoskeletal category. The increase in senior citizens who become more susceptible to neurological diseases is one reason that can be attributed to this. Neurological diseases are one of the leading causes of death and disability around the world. Recently, a GBD research study estimated that by 2050, the number of persons with brain illnesses would have doubled. The researchers of this study also mention that neurological illnesses already affect more than 40% of people worldwide, and by 2050, that percentage is predicted too nearly quadruple.
Global Computed Tomography Market By End Use
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Computed Tomography Market Regional Insights
North America led the computed tomography (CT) industry with a noteworthy 34.39% market share in 2023 and is expected to lead for the entire duration of the forecast period. The main cause behind this development is the aging population, which makes them more vulnerable to chronic illnesses including obesity, breast cancer, cardiovascular disease, and neurological problems. Due to these diseases, more advanced imaging techniques, such as CT scans, are now more in demand to offer accurate diagnosis and monitoring. Furthermore, technological advancements in CT scanners are expected to further support the growth and adoption of the market in North America, such as enhanced image quality, reduced exposure to radiation, and shorter scanning times.
Due to the growing incidence of chronic diseases such as cancer, cardiovascular disease, and neurological disorders, and the growing demand for advanced diagnostic equipment, the computed tomography market in Europe has been growing at a high rate over the past few years. Moreover, because older people are more susceptible to chronic diseases, the growth in the region has also been boosted by the increasing number of elderly people. In 2022, there were 4,471,422 new cases of cancer in Europe and 1,986,093 deaths, as indicated by Global Cancer Observatory. Based on the above statistics, the above market is expected to grow highly during the forecast period.
Global Computed Tomography Market By Geography
- Largest
- Fastest
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Computed Tomography Market Dynamics
Computed Tomography Market Drivers
Increasing Prevalence of Chronic Diseases
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Growing incidences of chronic diseases, which include cancer, neurological diseases, and cardiovascular disorders, are among the major factors propelling the computed tomography market. The rising need for better imaging technologies for comprehensive insight into internal health issues has increased as there is a growing requirement for CT scans, which are mandatory to treat several disorders that call for precise and rapid diagnostic aids.
Advances in CT Scanner Technology
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The market is expanding due to continuous advancement in the CT technology itself, such as faster scan times, reducing radiation exposure, and better resolution imaging. Improvement in diagnostic potential of CT scanning along with making procedures more accurate, efficient, and patient-friendly enhances such advancement. Advancements such as 3D imaging and AI-assisted analysis are making CT systems increasingly popular in healthcare because they enhance the accuracy of a diagnosis.
Computed Tomography Market Restraints
High Cost of CT Systems
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Such heavy investments in purchasing and sustaining the most advanced CTs present a great barrier to the growth and development of the market, especially in developing countries. Moreover, hospital and other healthcare setting uptake might be restricted because upgrades, maintenance, and education on usage would cost plenty and therefore limit widespread applications of CT technology.
Radiation Safety Concerns
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Even with the advancement in reducing radiation, CT scans remain exposing patients to higher doses of radiation than other imaging techniques. With repeated scanning, there is a need to consider the potential for long-term health risks, including an increased cancer risk. Such issues could limit the use of CT in particular medical contexts and slow the growth of the industry.
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Computed Tomography Market Competitive Landscape
Several companies dominate the market by offering innovative CT systems that have more advanced imaging features, more patient safety features, and cutting-edge technology, including AI integration. New firms are becoming even more aggressive in competing with other established companies, as they now focus more on producing portable CT scanners and on broadening the product offerings of their product lines.
Computed Tomography Market Top Player’s Company Profiles
- Siemens Healthineers AG (Germany)
- GE Healthcare (USA)
- Canon Medical Systems Corporation (Japan)
- Philips Healthcare (Netherlands)
- Hitachi, Ltd. (Japan)
- Samsung Medison Co., Ltd. (South Korea)
- Neusoft Corporation (China)
- Toshiba Corporation (Japan)
- Shimadzu Corporation (Japan)
- Carestream Health, Inc. (USA)
- Hologic, Inc. (USA)
- Fujifilm Holdings Corporation (Japan)
- Konica Minolta, Inc. (Japan)
- Planmed Oy (Finland)
- CurveBeam LLC (USA)
- Medtronic plc (Ireland)
- Ziehm Imaging GmbH (Germany)
- Varian Medical Systems, Inc. (USA)
- Allengers Medical Systems Ltd. (India)
- Mediso Ltd. (Hungary)
Computed Tomography Market Recent Developments
- An important milestone in Koning Health's growth and dedication toward global health innovation was received when the business acquired federal authority regulatory approval by FANR in February of 2024 within the UAE. From this regulatory certification, the Koning becomes the supplier and therefore leads in the first case among technology for breast CTs established around an international milestone within the area.
- GE HealthCare recently announced in January 2024 that it acquired MIM Software, a major supplier of AI-based products for medical image analysis. MIM Software offers advanced solutions across a range of healthcare environments for urology, diagnostic imaging, molecular radiotherapy, and radiation oncology. Using MIM Software's cutting-edge image analytics and advanced digital workflow capabilities, GE HealthCare aims to enhance patient care in different care areas globally.
- GE HealthCare agreed, in January 2023, to buy IMACTIS, a French company that specializes in CT interventional guidelines for various health care systems and is at the forefront of an emerging area.
Computed Tomography Key Market Trends
- Artificial Intelligence (AI) Integration: Another widely practiced trend in the industry is the integration of artificial intelligence in CT systems. Artificial intelligence is now used to enhance image interpretation, automate diagnostic procedures, and enhance the accuracy of abnormalities such as fractures and malignancies. AI integration is expected to enhance CT imaging efficiency and improve patient care due to faster and more accurate findings.
- Portable and Transportable CT Scanners: The requirement for access and flexibility in medical imaging is driving an increasing demand for portable and transportable CT scanners. The most useful portable CT units are for use in transferring patients within the hospital, emergency treatment, and in rural locations. These technologies increase healthcare access and bring CT imaging to underserved areas by providing speedy and easy diagnoses.
Computed Tomography Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the computed tomography market outlook is expected to change, considering the rising incidence of chronic diseases, improved technology in computed tomography, and an increased need for precise diagnostic tools. The aging population in North America and the very high rate of diseases such as cancer and cardiovascular disease made North America dominate the market of imaging services. It is expected that the technological improvements, such as advanced scanner functionality and integration with AI, would drive market growth even further. Adoption would, however, be hindered in some areas by factors like the high cost of CT devices and radiation exposure issues. If health care providers continue to make use of more advanced and effective imaging technologies, it is expected that the market will grow.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.6 Billion |
| Market size value in 2032 | USD 8.68 Billion |
| Growth Rate | 7.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Computed Tomography Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Computed Tomography Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Computed Tomography Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Computed Tomography Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Computed Tomography Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Computed Tomography Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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