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Advanced Computed Tomography Scanners Market will Reach US$ 2900 Mn by 2027

Advanced Computed Tomography Scanners Market will Reach US$ 2900 Mn by 2027
Advanced Computed Tomography Scanners Market Accounting for US$ 2900 Mn by 2027
Understanding various facets of the advanced computed tomography scanners market, Persistence
Market Research has come up with an analytical research report titled “Advanced Computed
Tomography Scanners Market: Global Industry Analysis (2012-2016) and Forecast (2017-2027)”.
This comprehensive research report focuses on various trends, developments, drivers, opportunities
and restraints that influence the growth of the global advanced CT scanners market. The intensity of
these aspects vary across various geographies. The scenario of these factors is covered in this study
which gives a heads up to the reader from an investment standpoint. Along with historical data, the
study covers a weighted forecast analysis for a period of 10 years, starting from 2017 till 2027.
The global market for advanced CT scanners is segmented on the basis of product type, end
user and region.
By product type, the adoption of cone beam CT scanners is expected to soar at a high rate in
the coming years, making it a fast growing segment. Low dose CT scanners segment is the
largest with maximum value share
By region, North America is the most lucrative and is expected to dominate the global
market with a high market share. By the end of the year of assessment, the advanced CT
scanners market in North America is projected to expand at a stellar CAGR and is estimated
to reach a billion dollar milestone
By end user, hospitals and diagnostic centers expected to largely contribute to the growth of
the global market for advanced CT scanners
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Strategic collaborations among key players in the advanced CT scanners market is expected to
present potential growth opportunities for advanced CT scanners. Strategic alliances and
collaborations can spur the development rate of the market as key players can focus on development
of innovative technologies and advanced imaging systems. Collaborations are usually carried out by
players that have strong product portfolio and patented technologies.
This can support the international players in gaining market hold with support of local players in
that respective region. For instance, Toshiba Medical Systems signed contracts with Russian
imaging equipment manufacturer ZAO Roentgenprom to carry out licensing and sub-contracting
production of CT scanners in the country. This initiative was a move towards enhancement of the
healthcare system and infrastructure in Russia with main goal being the improvement in the
country’s overall healthcare space.
Moreover, increasing number of diagnostic centers is anticipated to spur the demand for advanced
CT scanners. Since recent past, a number of diagnostics and imaging centers across various
emerging and developed regions has increased substantially. Independent diagnostic centers offer
better service and superior quality diagnosis at a pocket friendly cost. Several insurance companies
have adopted efficient marketing strategies to shift the patient volume to the cost efficient
independent diagnostic centers thus reducing the out of pocket costs of the patients.
There are several aspects that have contributed to the growth of the global advanced computed
tomography scanners market. Aspects such as increasing ageing population, growing need for
medical imaging across various regions in the globe, increasing prevalence and growth in adoption
of minimally invasive diagnostic procedures, high funding for research and development to carry
out product innovations in medical devices and imaging systems, ease in FDA clearance, increasing
prevalence of chronic diseases such as cancer, cardiovascular diseases, and dental and orthopedic
disorders, growing number of hospitals and diagnostic centers and growing need for faster and more
definitive result are driving the growth of the global market. However, factors such as exposure to
radiation, inadequate reimbursement policies, adoption of refurbished medical devices, lack of
skilled personnel and lack of healthcare infrastructure in emerging markets are the main challenges
restricting the growth of the global market for advanced CT scanners.
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Acquisitions, mergers, strategic collaborations and alliances are the key expansion strategies
adopted by manufacturers and integrators for technology transfer and to increase consumer base in
different geographies. Moreover, companies are focusing on new product launches and reducing the
costs of advanced computed tomography devices in order to gain maximum market share.
Some of the leading companies operating in the advanced computed tomography scanners market
are Koninklijke Philips N.V., General Electric Company, Siemens AG, Carestream Health, Inc.,
Canon Inc., Xoran Technologies, LLC., Medtronic, Plc., iCRco, Inc., and NeuroLogica Corp.
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