Global Computed Tomography Market

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 Dynamics

Computed Tomography Market Drivers 

Increasing Prevalence of Chronic Diseases 

  • 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 

  • 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 

  • 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 

  • 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 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).

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.  '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)'

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. 

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. 

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Global Computed Tomography Market

Report ID: SQMIG35A2438

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