Computed Tomography (CT) Scanner Market Size, Share, Growth Analysis, By Technology(High Slice, Mid Slice, Low Slice, Cone Beam Computed Tomography (CBCT)), By Application(Orthopedics, Cardiovascular, Oncology, Neurology), By Modality(O-arm, C-arm), By End User(Hospitals, Diagnostic Imaging Centers, Others), By Region - Industry Forecast 2024-2031

Computed Tomography (CT) Scanner Market Driver

• The demand for early diagnosis of disease is rising which is driving the market growth.

The main causes of the rising demand for CT scanners are the rising need for early-stage detection of chronic diseases and the expanding healthcare systems in emerging nations. The need for advanced imaging technologies, like computed tomography, is expected to be considerably impacted by this together with the rising prevalence of chronic illnesses worldwide.

• Increase in healthcare infrastructure of countries is enhancing the growth of the market.

The main driver of the market's growth during the projection period is the rapidly expanding infrastructure of hospitals and healthcare facilities in developing nations like Brazil, India, and China. Huge public and private investments are being made in the construction of hospitals and healthcare facilities as a result of regional and national healthcare agencies' and the government's strong focus on healthcare facilities and the creation of infrastructure that meets standards. Additionally, the top hospital chains are emphasizing infrastructure development while increasing their presence in the important nations.

Computed Tomography (CT) Scanner Market Restraint 

• One of the key factors hindering the growth of the worldwide computed tomography (CT) scanners market during the forecast period is the high cost of equipment installation and maintenance. For instance, the expected acquisition cost of a computed tomography system ranges from US$ 300,000 to US$ 2,000,000. A 16-slice basic scanner has an annual maintenance cost of about 60,000 US$, whereas a high-end 128-slice scanner has an annual maintenance cost of over 250,000 US$. Small healthcare facilities cannot afford the hefty annual maintenance costs.