Computed Tomography (CT) Scanners Market Size, Trends [2031]

Segments - Computed Tomography (CT) Scanners Market by Types (Low-slice Scanners [less than 64 slices], Medium-slice Scanners [64 slices], and High-slice Scanners [more than 64 slices]) and Regions (Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The global CT scanner market size was valued at USD 6.80 billion in 2022, and is expected to reach USD 11.12 billion by 2031. The market is projected to expand at a CAGR of 5.62% during the forecast period, 2023-2031. The growth of the market is attributed to rising geriatric population and increasing chronic diseases.

Computed tomography or CT scan, is a body imaging technique that generates 3D representation of a body's internal organs using tomography and digital geometry. It creates a three-dimensional image by developing two-dimensional x-rays taken along with single axis of rotation. CT scanners have replaced the number of slices per rotation as the metric for measuring results.

Computed Tomography Scanners Market Outlook

According to the Center for disease control and prevention in the US, the number of new cancer cases in men increased by 24% and in women by 21% in 2020 as compared to 2010. Growing need for early diagnosis and prevention of life-threatening diseases is driving the demand for proper diagnostics. CT scan is widely used to provide medical options to diagnose anomalies and injuries in the body.

Market Trends, Drivers, Restraints, and Opportunities

The COVID-19 outbreak increased the prevalence of chronic diseases worldwide, making CT scanners an essential tool in every hospital. This is driving the market.
C-arm CT instruments are used for a variety of purposes, including fluoroscopic intraoperative imaging during critical treatment & operations, as well as oncological and neurointelligent imaging. This is expected to fuel the market.
Introduction of advanced CT scanners having images in the mid-slice range are projected to boost the market.
High cost of spectral CT is anticipated to hinder the global spectral CT market expansion.
Availability of alternative methods in the global CT market is expected to pose significant challenges to the market growth.
Increasing use of IT in the medical sector to increase product consistency and quality is expected to boost the market.

Scope of the Report

The report on the global CT scanner 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	Global Computed CT Scanners Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Low-slice Scanners less than 64 slices], Medium-slice Scanners [64 slices], and High-slice Scanners [more than 64 slices])
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Koninklijke Philips N.V., GE Healthcare, Toshiba Corporation, Siemens AG, Hitachi Ltd., Shimadzu Corporation, and Samsung Electronics Co., Ltd.

Market Segment Insights:

Low-slice scanners are expected to expand at a high CAGR during the forecast period

Based on types, the global CT scanner market is segregated into low-slice scanners [less than 64 slices], medium-slice scanners [64 slices], and high-slice scanners [more than 64 slices].

Significant increase in the use of low-slice scanners especially in emerging countries is estimated to drive the market. This segment is expected to grow at a CAGR of 3.2% during the forecast period. Technological advancements and low cost proved to be a boon for low-slice scanners in comparison to high-end devices. COVID-19 outbreak augmented the demand for this segment.

The US, Canada, Japan, China, and Europe are expected to grow the worldwide mid-slice segment at a CAGR 3.5%. These regional markets, which had a market size of USD 839.3 million in 2020, are projected to reach USD 1.1 million during the forecast period. The market in China is expected to expand at a rapid pace.

Computed Tomography Scanners Market Type

The market in North America is projected to hold a major market share during the forecast period

On the basis of regions, the global CT scanner market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. The market in North America held a major market share in 2016. Growth of the market in the region is attributed to rising cancer incidence and a high number of qualified healthcare practitioners.

According to the American Cancer Society, nearly 1.7 million new cancer patients were diagnosed in the US in 2015. Furthermore, the World Health Organization (WHO) estimates that 17.7 million people died from cardiovascular diseases worldwide. Early detection of diagnostic systems like CT scans is projected to reduce the prevalence of these disorders. This is expected to boost the market.

Computed Tomography Scanners Market Regions

Segments

The global CT scan market has been segmented on the basis of

Type

Low-slice Scanners [less than 64 slices]
Medium-slice Scanners [64 slices]
High-slice Scanners [more than 64 slices]

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Koninklijke Philips N.V.
GE Healthcare
Toshiba Corporation
Siemens AG, Hitachi Ltd.
Shimadzu Corporation
Samsung Electronics Co., Ltd.

Competitive Landscape

Major players in the global CT scan market include Koninklijke Philips N.V., GE Healthcare, Toshiba Corporation, Siemens AG, Hitachi Ltd., Shimadzu Corporation, and Samsung Electronics Co., Ltd.

Philips announced COVID 'image booths' for safe X-ray and CT scan delivery during the pandemic on July 6, 2020. These are COVID cabins, which are modern industrial shipping containers. GE Healthcare acquired Prismatic Sensors AB, a CT image developer in November 2020. It is considered to be one of the next-generation technologies which helped GE Healthcare expand their research in the clinical space for CT scanners.

Computed Tomography Scanners Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Computed Tomography (CT) Scanners 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 (CT) Scanners 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 (CT) Scanners Market - Supply Chain
  4.5. Global Computed Tomography (CT) Scanners Market Forecast
     4.5.1. Computed Tomography (CT) Scanners Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Computed Tomography (CT) Scanners Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Computed Tomography (CT) Scanners Market Absolute $ Opportunity
5. Global Computed Tomography (CT) Scanners Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Computed Tomography (CT) Scanners Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Computed Tomography (CT) Scanners Demand Share Forecast, 2019-2026
6. North America Computed Tomography (CT) Scanners Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Computed Tomography (CT) Scanners Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Computed Tomography (CT) Scanners Demand Share Forecast, 2019-2026
7. Latin America Computed Tomography (CT) Scanners 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Computed Tomography (CT) Scanners Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Computed Tomography (CT) Scanners Demand Share Forecast, 2019-2026
8. Europe Computed Tomography (CT) Scanners 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. Europe Average Pricing Analysis
  8.2. Europe Computed Tomography (CT) Scanners Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Computed Tomography (CT) Scanners Demand Share Forecast, 2019-2026
9. Asia Pacific Computed Tomography (CT) Scanners 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Computed Tomography (CT) Scanners Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Computed Tomography (CT) Scanners Demand Share Forecast, 2019-2026
10. Middle East & Africa Computed Tomography (CT) Scanners 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Computed Tomography (CT) Scanners Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Computed Tomography (CT) Scanners Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Computed Tomography (CT) Scanners Market: Market Share Analysis
  11.2. Computed Tomography (CT) Scanners Distributors and Customers
  11.3. Computed Tomography (CT) Scanners Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Koninklijke Philips N.V.
     11.4.2. GE Healthcare
     11.4.3. Toshiba Corporation
     11.4.4. Siemens AG, Hitachi Ltd.
     11.4.5. Shimadzu Corporation
     11.4.6. Samsung Electronics Co., Ltd.