Computed Tomography Market Size, Growth, Opportunities 2031

Computed Tomography Market Size, Growth, Opportunities 2031

Segments - Asia Pacific Computed Tomography Market by Types (High Slice, Medium Slice, and Low Slice), Applications (Neurology, Musculoskeletal, Oncology, Cardiovascular, and Others), End-users (Clinics, Hospitals, Diagnostic Services, and Others), By Asia Pacific (Japan, Australia, China, India, South Korea, and Rest of Asia Pacific) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Vishal Golekar

Upcoming | Report ID :HC-1790 | 4.8 Rating | 58 Reviews | 189 Pages | Format : PDF Excel PPT

Report Description


The Asia Pacific computed tomography market size was USD 2.39 Billion in 2022 and is likely to reach USD 4.18 Billion by 2031, expanding at a CAGR of 6.4% during 2023–2031 The growth of the market is attributed to the increasing prevalence of different lifestyles associated with chronic diseases including cardiovascular and cancer conditions. Rising application of computed tomography in dentistry for detecting teeth decay and infections is anticipated to boost the market.

Computed tomography is the digital x-ray imaging procedure for diagnosing the bones, blood vessels, internal organs, and soft tissues with the help of creating detailed images. The images created during computed tomography scan could be reformatted in various planes and also generate three dimensional images that can be seen on computer monitor, transferred to electronic media, and also printed on film.

Asia Pacific Computed Tomography Market Outlook

Computed tomography is the best method for detecting various types of cancers as the images gives doctor the confirmation regarding the presence of tumor along with its location and size. It is painless, accurate, non-invasive, and fast. It helps to find about the internal bleeding and injuries fast enough to save the lives. It shows blood vessels, soft tissues, and bones in different parts of the body.

  • Rising demand for advanced assessment tools in emergency department is projected to drive the market growth during the forecast period.

  • Rapid growth of the healthcare sector is key factor propelling the market expansion.

  • High cost of computed tomography devices is anticipated to hinder the market growth in the coming years.

  • Lack of adequate reimbursement policies acts as major challenge that can impede the market expansion.

  • R&D investment and technological advancement in devices is estimated to create lucrative opportunities for the market players.

Scope of Asia Pacific Computed Tomography Market Report

The report on the Asia Pacific computed tomography market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Asia Pacific Computed Tomography Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (High Slice, Medium Slice, and Low Slice), Applications (Neurology, Musculoskeletal, Oncology, Cardiovascular, and Others), End-users (Clinics, Hospitals, Diagnostic Services, and Others)

Geography

Japan, Australia, China, India, South Korea, and Rest of Asia Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

GE Healthcare; Siemens Healthineers; Hitachi Healthcare Systems; Canon Medical Systems Corporation; Koninklijke Philips NV; Medtronic; Fujifilm Holdings Corporation; Shimadzu Corporation; Danaher; and Carestream Health

Asia Pacific Computed Tomography Market Segment Insights

High slice segment is projected to account for a large market share

Based on types, the Asia Pacific computed tomography market is divided into high slice, medium slice, and low slice. The high slice segment is expected to constitute a key share of the market during the forecast period owing to rising incidence of cardiovascular diseases and increasing demand for accurate diagnostics solutions. It delivers detailed images in the obese patients. However, the medium slice segment is anticipated to expand at a rapid pace during the forecast period due to low radiation exposure, low cost, and compact size.

Asia Pacific Computed Tomography Market Types

Oncology segment is projected to hold a key market share

On the basis of applications, the market is segmented into neurology, musculoskeletal, oncology, cardiovascular, and others. The oncology segment is expected to represent a key share of the market in the coming years due to rising prevalence of cancer and increasing application of CT scans for diagnosing different types of cancers such as tumors & lumps. On the other hand, the neurology segment is anticipated to expand at a rapid pace during the forecast period owing to rising age of people increases the burden of diseases along with it.

Asia Pacific Computed Tomography Market Application

Hospitals segment is projected to constitute a major market share

In terms of end-users, the Asia Pacific computed tomography market is segregated into clinics, hospitals, diagnostic services, and others. The hospitals segment is expected to account for a key share of the market during the forecast period owing to rising number of emergency cases in hospitals and increasing number of surgeries being performed. However, the diagnostic services segment is anticipated to expand at a rapid pace during the forecast period due to growing number of diagnostic center and also it makes computed tomography more accessible & affordable.

China is expected to dominate the market

On the basis of geography, the Asia Pacific computed tomography market is categorized as Japan, Australia, China, India, South Korea, and Rest of Asia Pacific. The market of China is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising aging population and growing awareness regarding risk of radiation exposure. On the other hand, the market of India is expected to exhibit a rapid growth rate in the coming years due to developing healthcare infrastructure and rising presence of various insurance companies funding for computed tomography.

Segments

The Asia Pacific computed tomography market has been segmented on the basis of

Types

  • High Slice
  • Medium Slice
  • Low Slice

Applications

  • Neurology
  • Musculoskeletal
  • Oncology
  • Cardiovascular
  • Others

End-users

  • Clinics
  • Hospitals
  • Diagnostic Services
  • Others

Regions

  • Japan
  • Australia
  • China
  • India
  • South Korea
  • Rest of Asia Pacific

Key Players

  • GE Healthcare
  • Siemens Healthineers
  • Hitachi Healthcare Systems
  • Canon Medical Systems Corporation
  • Koninklijke Philips NV
  • Medtronic
  • Fujifilm Holdings Corporation
  • Shimadzu Corporation
  • Danaher
  • Carestream Health

Competitive Landscape

Key players competing in the Asia Pacific computed tomography market include GE Healthcare; Siemens Healthineers; Hitachi Healthcare Systems; Canon Medical Systems Corporation; Koninklijke Philips NV; Medtronic; Fujifilm Holdings Corporation; Shimadzu Corporation; Danaher; and Carestream Health. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Asia Pacific Computed Tomography Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Computed Tomography Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Computed Tomography Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Computed Tomography Market - Supply Chain
  4.5. Global Computed Tomography Market Forecast
     4.5.1. Computed Tomography Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Computed Tomography Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Computed Tomography Market Absolute $ Opportunity
5. Global Computed Tomography Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Computed Tomography Market Size and Volume Forecast by Types
     5.3.1. High Slice
     5.3.2. Medium Slice
     5.3.3. Low Slice
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Computed Tomography Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Computed Tomography Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Computed Tomography Demand Share Forecast, 2019-2026
7. North America Computed Tomography Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Computed Tomography Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Computed Tomography Market Size and Volume Forecast by Types
     7.4.1. High Slice
     7.4.2. Medium Slice
     7.4.3. Low Slice
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Computed Tomography Demand Share Forecast, 2019-2026
8. Latin America Computed Tomography Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Computed Tomography Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Computed Tomography Market Size and Volume Forecast by Types
     8.4.1. High Slice
     8.4.2. Medium Slice
     8.4.3. Low Slice
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Computed Tomography Demand Share Forecast, 2019-2026
9. Europe Computed Tomography Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Computed Tomography Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Computed Tomography Market Size and Volume Forecast by Types
     9.4.1. High Slice
     9.4.2. Medium Slice
     9.4.3. Low Slice
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Computed Tomography Demand Share Forecast, 2019-2026
10. Asia Pacific Computed Tomography Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Computed Tomography Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Computed Tomography Market Size and Volume Forecast by Types
     10.4.1. High Slice
     10.4.2. Medium Slice
     10.4.3. Low Slice
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Computed Tomography Demand Share Forecast, 2019-2026
11. Middle East & Africa Computed Tomography Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Computed Tomography Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Computed Tomography Market Size and Volume Forecast by Types
     11.4.1. High Slice
     11.4.2. Medium Slice
     11.4.3. Low Slice
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Computed Tomography Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Computed Tomography Market: Market Share Analysis
  12.2. Computed Tomography Distributors and Customers
  12.3. Computed Tomography Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. GE Healthcare
     12.4.2. Siemens Healthineers
     12.4.3. Hitachi Healthcare Systems
     12.4.4. Canon Medical Systems Corporation
     12.4.5. Koninklijke Philips NV
     12.4.6. Medtronic
     12.4.7. Fujifilm Holdings Corporation

Methodology

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