Latest News- Computed Tomography (CT) Market: Hospitals is expected to lead the End-user segment during 2024-2028

The Computed Tomography (CT) Market is being driven by Increasing prevalence of chronic conditions worldwide

The Computed Tomography (CT) Market is expected to grow at a CAGR of 6.21% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2838.6 million. In the global computed tomography (CT) market, digital health companies are forming strategic partnerships with medical device manufacturers to transition from traditional volume-based business models to value-driven services. This collaboration benefits all stakeholders, including healthcare providers and patients, by delivering solutions that extend beyond the product. A significant development in this space is the integration of artificial intelligence (AI) platforms into CT scanners. By automating and standardizing diagnostic procedures, enhancing patient experience and outcomes, and reducing healthcare costs, AI-enabled CT scanners represent a pivotal innovation in the CT market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Hospitals
  • Diagnostic centers
  • Others
• Application
  • Oncology
  • Neurology
  • Cardiology
  • Musculoskeletal
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
  • North America
    • US
  • Asia
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of chronic conditions worldwide
• Rising number of new product launches by prominent vendors
• Growing number of mergers and acquisitions

However, the market also witnesses some limitations, which are as follows:

• High costs associated with CT imaging
• Frequent product recalls
• Stringent regulations and risks associated with CT scanners

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Market Scope in Computed Tomography (CT) Market Research Report

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Research Analysis Overview

The Computed Tomography (CT) market is experiencing significant growth due to the integration of advanced imaging techniques into telemedicine and healthcare industry trends. Radiology workflow is being optimized through radiology informatics and innovation, including healthcare data analytics and radiology staffing solutions. Clinical trials, remote patient monitoring, and healthcare policy are also driving market development. Precision medicine, image processing, and medical imaging technology advancements offer benefits for scan interpretation and medical device development. Digital health, medical imaging software, and medical imaging education are key areas of innovation. Speral imaging techniques provide cost-effective solutions for scan preparation, diagnosis, and education. Manufacturers continue to develop systems for image-guided surgery and traumatic brain injury scans, with ongoing benefits for patient care and imaging reimbursement.

Market Research Overview

The Computed Tomography (CT) market is a significant segment of the global healthcare equipment industry, as identified by Technavio. This market encompasses companies specializing in the research and development (R&D), production, and distribution of high-volume screening programs, diagnostic procedures, and high-resolution imaging technologies, primarily in the musculoskeletal and cardiovascular sectors. Technavio calculates the size of the global healthcare equipment market by aggregating the revenues of manufacturers producing various diagnostic devices and equipment across therapy areas. The healthcare equipment industry consists of several segments, including devices, which comprise advanced, differentiated, and clinically tested data-driven devices used for disease diagnosis, monitoring, and treatment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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